10-K - Bowman Consulting Group Ltd. | StockGist

AI Analysis

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Bowman Consulting Group Ltd. reported strong financial results for fiscal year 2025, with gross contract revenue increasing 14.9% year-over-year to $490.0 million. Net income attributable to common shareholders was $12.2 million, a significant improvement from the prior year. The company achieved income from operations of $19.7 million, compared to a loss of $2.0 million in 2024. Key growth drivers included organic revenue growth of $54.7 million (12.8%) and contributions from seven acquisitions completed in 2025. The company maintained a diversified revenue base across building infrastructure (44.9%), transportation (21.2%), power, utilities & energy (22.4%), and natural resources (11.5%) markets. Backlog increased 20.1% to approximately $479 million, providing visibility into future revenue.

Key Takeaways

1Gross contract revenue grew 14.9% to $490.0 million in FY2025

2Net income attributable to common shareholders was $12.2 million

3Backlog increased 20.1% to approximately $479 million

4Organic gross contract revenue increased $54.7 million (12.8%)

5Adjusted EBITDA margin, net improved to 16.8% from 15.7%

Key Financial Metrics

EPS

$1.00

$1.00 basic and diluted

Revenue

$490.0M

+14.9%

Net Income

$12.8M

+323.5%

free cash flow

$35.8M

Operating Income

$19.7M

N/A

operating margin

4.0%

Business Segments

Building Infrastructure44.9% of total revenue

$220.2M+7.4% YoY

Transportation21.2% of total revenue

$103.7M+18.2% YoY

Power, Utilities & Energy22.4% of total revenue

$109.8M+22.7% YoY

Natural Resources11.5% of total revenue

$56.2M+27.2% YoY