Bowman Consulting (BWMN)
Market Price (2/19/2026): $32.5 | Market Cap: $535.3 MilSector: Industrials | Industry: Construction & Engineering
Bowman Consulting (BWMN)
Market Price (2/19/2026): $32.5Market Cap: $535.3 MilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17% | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -53% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x |
| Attractive yieldFCF Yield is 6.4% | Key risksBWMN key risks include [1] challenges in successfully integrating strategic acquisitions to realize anticipated growth and [2] an inability to attract and retain skilled technical talent in a highly competitive market. | |
| Low stock price volatilityVol 12M is 47% | ||
| Megatrend and thematic driversMegatrends include Water Infrastructure, Renewable Energy Transition, and Electrification of Everything. Themes include Water Treatment & Delivery, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17% |
| Attractive yieldFCF Yield is 6.4% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Renewable Energy Transition, and Electrification of Everything. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -53% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x |
| Key risksBWMN key risks include [1] challenges in successfully integrating strategic acquisitions to realize anticipated growth and [2] an inability to attract and retain skilled technical talent in a highly competitive market. |
Qualitative Assessment
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Bowman Consulting (BWMN) stock has lost about 25% since 10/31/2025 because of the following key factors:
1. Founder and CEO Gary Bowman announced his plan to retire later in 2026, introducing leadership transition uncertainty.
On February 17, 2026, Bowman Consulting Group Ltd. announced that its founder and CEO, Gary Bowman, intends to retire later in the year, with a search for his successor initiated. This significant leadership change, even when planned, can create uncertainty among investors regarding the company's future strategic direction and stability, contributing to downward pressure on the stock.
2. Bowman Consulting reported mixed Q3 2025 financial results and experienced a contraction in profitability margins.
For the third quarter ended September 30, 2025, Bowman Consulting reported earnings per share of $0.61, surpassing the analyst estimate of $0.38. However, revenue of $126.03 million missed the consensus estimate of $129.12 million. Additionally, the adjusted EBITDA margin, net, saw a 40-basis-point decrease year-over-year, settling at 16.3%, signaling a slight decline in operational profitability.
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1. Founder and CEO Gary Bowman announced his plan to retire later in 2026, introducing leadership transition uncertainty.
On February 17, 2026, Bowman Consulting Group Ltd. announced that its founder and CEO, Gary Bowman, intends to retire later in the year, with a search for his successor initiated. This significant leadership change, even when planned, can create uncertainty among investors regarding the company's future strategic direction and stability, contributing to downward pressure on the stock.
2. Bowman Consulting reported mixed Q3 2025 financial results and experienced a contraction in profitability margins.
For the third quarter ended September 30, 2025, Bowman Consulting reported earnings per share of $0.61, surpassing the analyst estimate of $0.38. However, revenue of $126.03 million missed the consensus estimate of $129.12 million. Additionally, the adjusted EBITDA margin, net, saw a 40-basis-point decrease year-over-year, settling at 16.3%, signaling a slight decline in operational profitability.
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Stock Movement Drivers
Fundamental Drivers
The -24.9% change in BWMN stock from 10/31/2025 to 2/18/2026 was primarily driven by a -50.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.29 | 32.53 | -24.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 462 | 474 | 2.6% |
| Net Income Margin (%) | 2.4% | 3.5% | 49.5% |
| P/E Multiple | 64.6 | 31.9 | -50.6% |
| Shares Outstanding (Mil) | 16 | 16 | -0.8% |
| Cumulative Contribution | -24.9% |
Market Drivers
10/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| BWMN | -24.9% | |
| Market (SPY) | 0.6% | 50.1% |
| Sector (XLI) | 12.9% | 41.6% |
Fundamental Drivers
The -6.2% change in BWMN stock from 7/31/2025 to 2/18/2026 was primarily driven by a -84.0% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.68 | 32.53 | -6.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 445 | 474 | 6.7% |
| Net Income Margin (%) | 0.6% | 3.5% | 452.5% |
| P/E Multiple | 199.2 | 31.9 | -84.0% |
| Shares Outstanding (Mil) | 16 | 16 | -0.7% |
| Cumulative Contribution | -6.2% |
Market Drivers
7/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| BWMN | -6.2% | |
| Market (SPY) | 8.9% | 47.4% |
| Sector (XLI) | 15.6% | 42.7% |
Fundamental Drivers
The 27.9% change in BWMN stock from 1/31/2025 to 2/18/2026 was primarily driven by a 16.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.43 | 32.53 | 27.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 406 | 474 | 16.7% |
| P/S Multiple | 1.0 | 1.1 | 9.1% |
| Shares Outstanding (Mil) | 17 | 16 | 0.4% |
| Cumulative Contribution | 27.9% |
Market Drivers
1/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| BWMN | 27.9% | |
| Market (SPY) | 15.0% | 36.4% |
| Sector (XLI) | 27.8% | 35.9% |
Fundamental Drivers
The 27.6% change in BWMN stock from 1/31/2023 to 2/18/2026 was primarily driven by a 108.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.49 | 32.53 | 27.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 228 | 474 | 108.0% |
| Net Income Margin (%) | 1.7% | 3.5% | 105.2% |
| P/E Multiple | 73.2 | 31.9 | -56.4% |
| Shares Outstanding (Mil) | 11 | 16 | -31.4% |
| Cumulative Contribution | 27.6% |
Market Drivers
1/31/2023 to 2/18/2026| Return | Correlation | |
|---|---|---|
| BWMN | 27.6% | |
| Market (SPY) | 75.1% | 35.1% |
| Sector (XLI) | 79.3% | 38.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BWMN Return | 52% | 3% | 63% | -30% | 32% | -0% | 135% |
| Peers Return | 38% | -16% | 25% | 27% | 34% | 2% | 152% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BWMN Win Rate | 75% | 50% | 67% | 42% | 67% | 50% | |
| Peers Win Rate | 58% | 43% | 55% | 63% | 57% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BWMN Max Drawdown | -10% | -49% | -6% | -44% | -26% | -0% | |
| Peers Max Drawdown | -7% | -33% | -10% | -8% | -18% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: J, STN, TTEK, WLDN, ACM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/18/2026 (YTD)
How Low Can It Go
| Event | BWMN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.3% | -25.4% |
| % Gain to Breakeven | 105.3% | 34.1% |
| Time to Breakeven | 178 days | 464 days |
Compare to J, STN, TTEK, WLDN, ACM
In The Past
Bowman Consulting's stock fell -51.3% during the 2022 Inflation Shock from a high on 12/27/2021. A -51.3% loss requires a 105.3% gain to breakeven.
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About Bowman Consulting (BWMN)
Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals. The company also provides construction management services, including constructability review, value engineering, budgeting and cost estimating, interagency and utility coordination, onsite observation and report evaluation, public communication and outreach, and resident engineer services, as well as bid solicitation, documentation, and preparation services; and environmental consulting services consisting of wetlands and waters of the U.S. delineations, natural resources inventories, wildlife and vegetation surveys, threatened and endangered species surveys, endangered species conservation and management, wetland creation and enhancement design, NEPA documentation, section 404/401 permitting and compliance, NPDES permitting, and phase I environmental site assessment. In addition, it offers landscape architecture, land procurement and right-of-way acquisition, structural engineering, surveying and geospatial engineering, and transportation and water resources engineering services, as well as mechanical, electrical, and plumbing engineering services. Bowman Consulting Group Ltd. was incorporated in 1995 and is headquartered in Reston, Virginia.
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- A regional AECOM for land development and infrastructure projects.
- Jacobs Engineering Group for local and regional civil engineering and development projects.
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- Civil Engineering: Provides comprehensive design and engineering services for land development projects, including site planning, grading, and utility systems.
- Surveying & Geospatial Services: Offers land surveying, mapping, GIS, and advanced geospatial data collection and analysis using technologies like lidar.
- Environmental Consulting: Delivers services related to environmental permitting, regulatory compliance, impact assessments, and ecological studies.
- Construction Management & Inspection: Provides project oversight, quality assurance, and field inspection to ensure compliance with designs and standards.
- Water & Transportation Infrastructure Engineering: Designs essential public infrastructure projects, including water and wastewater systems, roads, bridges, and traffic solutions.
- Specialized Engineering Services: Encompasses specific disciplines such as geotechnical, structural, and power/energy engineering for complex project needs.
- Planning & Landscape Architecture: Focuses on master planning, urban design, and creating functional and aesthetically pleasing outdoor environments.
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Bowman Consulting (BWMN) does not disclose specific major customers by name in its public filings, as no single client accounted for more than 10% of its consolidated revenue in recent fiscal years. Therefore, no individual customer companies are identified as "major" in the traditional sense.
However, Bowman Consulting primarily sells its engineering, planning, and environmental consulting services to a diverse base of other companies and organizations. Its customer base can be broadly categorized as:
- Real Estate Developers and Homebuilders: These are primarily private sector companies engaged in land development for residential, commercial, and industrial projects.
- Government Agencies: This category includes federal, state, and local government entities that contract Bowman for public infrastructure projects, planning, and environmental services.
- Utility, Energy, and Infrastructure Companies: This comprises both private and public sector companies and authorities involved in providing utilities (such as water, wastewater, and power), developing energy projects, and managing transportation infrastructure.
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Gary Bowman, Founder and Chief Executive Officer
Gary Bowman founded Bowman Consulting in 1995 as a five-person company. Prior to that, he had a 15-year tenure at Urban Engineering. He has guided Bowman through significant growth, including its Initial Public Offering (IPO) on Nasdaq in 2021, and has since overseen the acquisition of more than 30 companies.
Bruce Labovitz, Chief Financial Officer
Bruce Labovitz joined Bowman in 2013 and has over 25 years of experience in financial management and strategy. He played a pivotal role in leading Bowman through its successful IPO in May 2021. Previously, Mr. Labovitz served as CFO of Comstock Homebuilding Companies, where he guided the company through its own IPO, managed its transition from a private to a public entity, and handled multiple capital markets, debt, and mergers and acquisitions transactions. He was recognized as the Public Company CFO of the Year by the Northern Virginia Technology Council in 2024.
Daniel Swayze, Chief Operating Officer
Daniel Swayze, a licensed professional engineer with more than 16 years of operational management experience, joined Bowman in 2022 as Executive Vice President of Energy Services. He was promoted to Chief Operating Officer in July 2024. Before joining Bowman, Mr. Swayze led the engineering, procurement, construction, and asset management divisions at Onyx, a New York City-based company, where he also managed the engineering division for renewable energy projects.
Robert Hickey, Chief Legal Officer
Robert Hickey serves as Bowman Consulting's Chief Legal Officer.
Patricia Hollar, Chief People Officer
Patricia Hollar is a seasoned Human Capital Executive with experience working with companies ranging from start-ups to Fortune 500 firms in technology, telecommunications, and business consulting. She has developed and implemented programs focused on leadership coaching, team enhancement, and career planning. Ms. Hollar was the recipient of the 2005 professional excellence award from the HR Leadership Awards of Greater Washington.
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The key risks to Bowman Consulting (BWMN) include:- Cyclical Nature of the Construction and Real Estate Development Industry and General Economic Conditions: Bowman Consulting's business is significantly influenced by the cyclical nature of the construction and real estate development industries. Changes in demand from government and private clients, along with broader economic conditions such as higher interest rates, can impact project funding and overall market demand for their services.
- Highly Competitive Business Environment and Ability to Attract and Retain Skilled Technical Talent: The company operates in a highly competitive market for engineering and related technical services. Failure to compete effectively could lead to a loss of market share, and difficulties in attracting and retaining skilled technical talent in a competitive labor market pose a risk to project delivery and operational efficiency.
- Risks Associated with Strategic Acquisitions: Bowman Consulting is actively expanding its national footprint and service offerings through strategic acquisitions. This growth strategy introduces risks related to the integration of acquired businesses, potential operational disruptions, and the challenge of effectively managing new ventures to realize anticipated synergies and growth.
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The clear emerging threat for Bowman Consulting (BWMN) is the rapid advancement and adoption of artificial intelligence (AI), machine learning (ML), and automation technologies in the engineering, planning, and environmental consulting sectors.
These technologies are increasingly capable of automating tasks traditionally performed by human engineers, surveyors, planners, and environmental consultants. This includes, but is not limited to, generative design for infrastructure and land development, advanced geospatial data analysis, automated environmental impact assessments, predictive modeling, and efficient drafting of reports and proposals.
If competing firms or specialized tech-first startups more rapidly and effectively integrate these AI-powered tools into their workflows, they could offer services with significantly reduced costs, faster project turnaround times, and potentially higher precision or optimized outcomes. This shift could erode Bowman Consulting's competitive advantage based on human expertise and labor, leading to downward pressure on pricing, a reduction in the demand for traditional human-intensive services, and a loss of market share. To remain competitive, BWMN will need to make substantial investments in adopting and integrating these technologies, retraining its workforce, and potentially redefining its service delivery models, posing a significant operational and strategic challenge.
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Bowman Consulting Group Ltd. (BWMN) provides a diversified range of professional consulting services, primarily in engineering, planning, surveying, and environmental consulting across the United States. The addressable markets for their main products and services are sizable within the U.S. and globally:
- Civil Engineering Services: The U.S. engineering services market size is projected to be USD 388.56 billion in 2025, with civil engineering holding a significant share. Specifically, the U.S. civil engineering sector recorded revenues of USD 565.8 billion in 2023. The U.S. engineering services market is expected to grow to USD 507.35 billion by 2030.
- Land Development/Planning Services: The market size for Land Development in the U.S. is estimated at USD 22.9 billion in 2025. Globally, the land planning and development market is projected to grow from USD 209.49 billion in 2024 to USD 225.6 billion in 2025, and is anticipated to reach USD 311.16 billion by 2029. Another projection indicates the global Land Planning And Development market will expand from USD 350 billion in 2025 to USD 585 billion by 2032.
- Surveying and Geospatial Services: The U.S. market size for Surveying & Mapping Services is USD 11.5 billion in 2025. Globally, the surveying and mapping services market is projected to reach USD 13 billion by 2032. North America is currently the largest market for these services, valued at USD 2.5 billion in 2024, with a forecast to reach USD 5.5 billion by 2034.
- Environmental Consulting Services: The Environmental Consulting market in the U.S. is estimated at USD 27.4 billion in 2025. The U.S. environmental and sustainability consulting market was USD 22.3 billion in 2023 and is forecast to reach USD 29.2 billion by 2028. The global environmental consulting services market size was over USD 51.8 billion in 2025 and is poised to exceed USD 100.01 billion by 2035, with North America expected to hold the largest revenue share of 46.5% by 2035. The North America environmental consulting services market is expected to grow from US$16,486.67 million in 2021 to US$22,403.49 million by 2028.
- Infrastructure Services (broader market): The U.S. infrastructure market was valued at USD 1.35 trillion in 2024, is estimated to reach USD 1.42 trillion in 2025, and is projected to reach USD 2.15 trillion by 2033. The global Infrastructure Services market size is projected to be USD 159842.5 million in 2025, with the United States market size at USD 46662.82 million in 2025.
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Here are the expected drivers of future revenue growth for Bowman Consulting (BWMN) over the next 2-3 years:Bowman Consulting (BWMN) Expected Drivers of Future Revenue Growth
- Strategic Acquisitions: Bowman Consulting has consistently leveraged strategic acquisitions to drive inorganic growth, a trend expected to continue. The company's enhanced revolving credit facility is poised to bolster both organic and inorganic expansion efforts in the coming year. Recent acquisitions have specifically expanded its power and energy digital services and contributed significantly to its run-rate revenue. Management plans to deploy capital strategically through disciplined mergers and acquisitions.
- Growth in Power, Utilities & Energy Segment: This sector has been identified as Bowman's fastest-growing market and a long-term growth engine. The Power, Utilities & Energy division saw a 38% year-over-year increase in Q3 2025, fueled by national investments in electrification, renewables, grid modernization, and data infrastructure. Recent acquisitions have also strategically enhanced the company's position within this high-growth market.
- Strong and Expanding Backlog: The company's record backlog, which reached $448 million in Q3 2025, represents an almost 18% increase year-over-year. This substantial backlog provides strong visibility into future revenue streams and reflects continued demand across Bowman's diverse end markets. The CEO noted robust demand and ample funding for infrastructure planning and improvement.
- Organic Growth in Core Market Segments: Beyond acquisitions, Bowman anticipates continued organic growth in key segments. While Power, Utilities & Energy leads, the Transportation segment demonstrated strong growth of 20% in Q3 2025 and is expected to provide a "backbone of stability and recurring revenue". The Building Infrastructure business grew by over 8% year-over-year in Q3 2025 and is projected to offer long-term revenue visibility through 2027, with an anticipated rebound in private sector growth as financing conditions improve in mid-to-late 2026.
- Leveraging Technology and Innovation: Bowman Consulting is focused on aggressively leveraging technology and innovation to improve margins and scalability. The company's internal innovation incubator, the BIG Fund, is actively developing concepts to accelerate revenue growth through the deployment of proprietary AI-enabled asset control kits, aiming to extend client engagement throughout the asset lifecycle.
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Share Repurchases
- Bowman Consulting authorized a new $25 million share repurchase program commencing June 9, 2025, replacing a prior authorization.
- On November 29, 2024, the Board increased a previously authorized share repurchase program from $25 million to $35 million, with approximately $16 million remaining available at that time.
- As of November 1, 2025, 1,368,576 shares were repurchased at an average price of $23.97 under the 2024 program.
Share Issuance
- In 2024, Bowman issued and sold 1,502,942 shares of common stock, generating net proceeds of $47.2 million.
- The company completed its Initial Public Offering (IPO) in May 2021, raising approximately $51.8 million in gross proceeds.
- In March 2024, a public offering was announced for up to $50.0 million of common stock, with the company proposing to sell up to $45.0 million for general corporate purposes, including organic expansion and potential acquisitions.
Outbound Investments
- Bowman Consulting completed eight acquisitions in 2024, contributing to revenue growth and expanding geographic reach and service offerings.
- The company acquired McMahon Associates Inc. in May 2022 for $18.5 million, which significantly expanded its transportation infrastructure business.
- In July 2025, Bowman acquired e3i Engineers to enhance its data center engineering capabilities, with an anticipated annualized net service billing run rate of approximately $2.0 million.
Capital Expenditures
- In July 2025, Bowman launched a $25 million "Bowman Innovative Growth Fund" to accelerate organic growth and expand margins through investments in technology, automation, artificial intelligence, and predictive engineering.
- The company has demonstrated a commitment to technological innovation and investment in advanced technology solutions to enhance service delivery and operational efficiency.
- During Q3 2025, Bowman advanced its power and data center practices through acquisitions and added tech-enabled tools to enhance solar and general site planning practices.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Bowman Consulting Earnings Notes | 12/16/2025 | |
| How Low Can Bowman Consulting Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 91.75 |
| Mkt Cap | 9.8 |
| Rev LTM | 6,610 |
| Op Inc LTM | 656 |
| FCF LTM | 557 |
| FCF 3Y Avg | 466 |
| CFO LTM | 629 |
| CFO 3Y Avg | 522 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.2% |
| Rev Chg 3Y Avg | 14.7% |
| Rev Chg Q | 10.8% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 7.0% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 9.0% |
| CFO/Rev 3Y Avg | 8.2% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 7.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.8 |
| P/S | 1.3 |
| P/EBIT | 18.8 |
| P/E | 29.7 |
| P/CFO | 17.2 |
| Total Yield | 3.7% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 5.0% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.2% |
| 3M Rtn | -1.9% |
| 6M Rtn | -9.3% |
| 12M Rtn | 18.5% |
| 3Y Rtn | 38.0% |
| 1M Excs Rtn | -6.4% |
| 3M Excs Rtn | -9.2% |
| 6M Excs Rtn | -16.6% |
| 12M Excs Rtn | 5.7% |
| 3Y Excs Rtn | -31.5% |
Price Behavior
Price Behavior
| Market Price | $32.53 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 05/07/2021 | |
| Distance from 52W High | -26.8% | |
| 50 Days | 200 Days | |
| DMA Price | $34.78 | $34.89 |
| DMA Trend | up | down |
| Distance from DMA | -6.5% | -6.8% |
| 3M | 1YR | |
| Volatility | 40.3% | 47.5% |
| Downside Capture | 175.27 | 136.07 |
| Upside Capture | 132.49 | 158.08 |
| Correlation (SPY) | 53.7% | 36.2% |
BWMN Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.18 | 1.55 | 2.52 | 1.94 | 0.86 | 1.08 |
| Up Beta | 0.73 | 2.33 | 3.43 | 2.27 | 0.62 | 0.83 |
| Down Beta | 1.55 | 1.90 | 2.92 | 2.02 | 0.44 | 0.74 |
| Up Capture | 141% | 95% | 140% | 180% | 201% | 260% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 21 | 32 | 68 | 133 | 399 |
| Down Capture | 51% | 131% | 250% | 182% | 122% | 109% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 20 | 29 | 57 | 116 | 348 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWMN | |
|---|---|---|---|---|
| BWMN | 41.5% | 47.5% | 0.89 | - |
| Sector ETF (XLI) | 28.7% | 19.2% | 1.19 | 35.8% |
| Equity (SPY) | 13.6% | 19.4% | 0.53 | 36.4% |
| Gold (GLD) | 73.5% | 25.5% | 2.13 | 7.3% |
| Commodities (DBC) | 7.9% | 17.0% | 0.28 | 5.1% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 20.8% |
| Bitcoin (BTCUSD) | -31.1% | 44.9% | -0.69 | 24.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWMN | |
|---|---|---|---|---|
| BWMN | 18.2% | 47.1% | 0.54 | - |
| Sector ETF (XLI) | 16.0% | 17.2% | 0.75 | 27.4% |
| Equity (SPY) | 13.5% | 17.0% | 0.63 | 26.7% |
| Gold (GLD) | 21.7% | 17.1% | 1.04 | 6.1% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | 6.8% |
| Real Estate (VNQ) | 4.9% | 18.8% | 0.17 | 22.2% |
| Bitcoin (BTCUSD) | 8.4% | 57.2% | 0.37 | 11.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWMN | |
|---|---|---|---|---|
| BWMN | 8.7% | 47.1% | 0.54 | - |
| Sector ETF (XLI) | 15.4% | 19.8% | 0.68 | 27.4% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 26.7% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 6.1% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 6.8% |
| Real Estate (VNQ) | 6.9% | 20.7% | 0.30 | 22.2% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 11.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | -22.4% | -21.3% | -26.1% |
| 8/6/2025 | 5.1% | 17.0% | 20.0% |
| 3/11/2025 | 17.1% | 26.3% | 19.8% |
| 8/7/2024 | -20.2% | -28.0% | -27.4% |
| 5/7/2024 | 9.3% | -0.2% | 3.9% |
| 2/16/2024 | -3.4% | -9.6% | 11.0% |
| 11/7/2023 | 1.4% | 3.3% | 11.7% |
| 8/8/2023 | -12.1% | -9.0% | -19.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 10 |
| # Negative | 6 | 7 | 4 |
| Median Positive | 4.0% | 7.2% | 11.0% |
| Median Negative | -8.7% | -9.0% | -22.6% |
| Max Positive | 17.1% | 26.3% | 20.0% |
| Max Negative | -22.4% | -28.0% | -27.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/23/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bowman, Gary | Chief Executive Officer | Direct | Sell | 12182025 | 35.25 | 12,500 | 440,625 | 31,458,616 | Form |
| 2 | Bowman, Gary | Chief Executive Officer | Family LLC | Sell | 12182025 | 35.25 | 7,500 | 264,375 | 48,498,290 | Form |
| 3 | Bowman, Gary | Chief Executive Officer | Direct | Sell | 10242025 | 42.27 | 12,500 | 528,325 | 38,315,143 | Form |
| 4 | Bowman, Gary | Chief Executive Officer | Family LLC | Sell | 10242025 | 42.27 | 7,500 | 316,995 | 58,468,164 | Form |
| 5 | Labovitz, Bruce J | Chief Financial Officer | Direct | Sell | 10142025 | 42.37 | 10,000 | 423,700 | 16,336,177 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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