Bowman Consulting Group Ltd. (NASDAQ: BWMN)

Bowman is a professional services firm delivering integrated engineering, technical consulting and program management services to customers who own, develop and maintain the built environment.

The firm provides planning, engineering, program management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement and other infrastructure management services.

Bowman generates revenue by charging fees for its professional services under fixed price and hourly contracts.

In the year ended December 31, 2025, gross contract revenue reached $490 million, representing more than a four fold increase since its IPO about five year earlier.

Approximately 73% of revenue came from repeat customers and about 30% of revenue came from public sector assignments in 2025.

The firm serves a diverse mix of public and private sector clients across the United States and four offices in Mexico.

The company operates through the following segments: Transportation; Power, Utilities & Energy Services; Building Infrastructure; Natural Resources.

• Transportation: This segment provides planning, design and program management for roads, highways, bridges, ports, airports, logistics facilities and mass transit systems, serving state and local transportation departments, tollway authorities, transit authorities and private roadway owners.

• Power, Utilities & Energy Services: This segment works with electric transmission systems, gas utilities, data center developers and hyperscalers, and renewable energy providers, offering services such as undergrounding of electric distribution lines, rights of way procurement, transmission corridor surveying, gas distribution system mapping, bridging power design and permitting, and retrofit design for gas pipeline replacement.

• Building Infrastructure: This segment covers land development, commercial and retail projects, residential housing, and institutional and government facilities, serving homebuilders, retailers, office developers, schools, hospitals and government agencies.

• Natural Resources: This segment provides water resources management, mining and minerals services, and land acquisition and agricultural engineering, supporting municipalities, utility companies, mining firms and agricultural enterprises.

Bowman holds a growing reputation within the fragmented engineering services industry, ranking 72nd on the ENR Top 500 Design Firms list in 2025 up from 144th in 2021.

The firm differentiates itself through a full service platform, national scale, technological innovation and a diversified portfolio that reduces reliance on any single customer, service line or geography.

Its integrated delivery model, broad workforce of over 2,300 employees and investment in tools such as GIS, LiDAR and AI enabled analytics enhance efficiency and client value.

Bowman serves public sector clients including transportation departments, utilities, federal, state and local government agencies, military branches, school systems and water authorities, as well as private sector clients such as investor owned utilities, oil and gas producers, renewable energy developers, data center operators, wastewater treatment facilities and real estate developers.