Bowman Consulting Group Ltd (NAS:BWMN)
$ 26.36 -0.040 (-0.15%) Market Cap: 461.51 Mil Enterprise Value: 700.83 Mil PE Ratio: 43.93 PB Ratio: 1.80 GF Score: 76/100

Q4 2025 Bowman Consulting Group Ltd Earnings Call Transcript

Mar 05, 2026 / 02:00PM GMT
Release Date Price: $29 (-11.96%)

Key Points

Positve
  • Bowman Consulting Group Ltd (BWMN) achieved double-digit growth in gross revenue, organic net revenue, and adjusted EBITDA for the fiscal year 2025.
  • The company reported a record backlog of over $479 million, a 20% improvement over the prior year.
  • Bowman Consulting Group Ltd (BWMN) successfully integrated several acquisitions, enhancing its market position and service offerings.
  • The company maintained a strong book-to-burn ratio of over 1, indicating consistent demand and project execution.
  • Bowman Consulting Group Ltd (BWMN) increased its capture rate for public contracts by approximately 28%, reflecting strong performance in government-funded projects.
Negative
  • The company faces challenges in managing working capital, particularly in optimizing the billing and collection processes.
  • There is a need for continued investment in technology and innovation to maintain competitive margins and operational efficiency.
  • Bowman Consulting Group Ltd (BWMN) has a relatively high net debt of $179 million, with leverage at 2.45 times trailing 12 months.
  • The company anticipates a more normalized tax impact moving forward, which could affect net income.
  • Bowman Consulting Group Ltd (BWMN) is experiencing pressure to maintain high EBITDA margins amidst ongoing investments and acquisitions.
Operator

Good morning. My name is Becky, and I will be the conference operator today. At this time, I would like to welcome everyone to the Bowman Consulting Group 4th quarter and fiscal year 2025 conference call. All lines will be placed on mute for the presentation portion of the call, with the opportunity for questions and answers at the end.

Please note that many of the comments made today are considered forward-looking statements under federal security laws, as described in the company's filings with the SEC. These statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and the company is not obligated to publicly update or revise these forward-looking statements. In addition, on today's call, the company will discuss certain non-GAAP financial information such as adjusted EBITDA, adjusted net income, and net service billing. You can find this information together with the reconciliation to the most directly comparable GAAP information in the company's earning press release filed with the SEC and on the company's investor relations

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