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Side-by-side financial comparison of Aeries Technology, Inc. (AERT) and Bowman Consulting Group Ltd. (BWMN). Click either name above to swap in a different company.

Bowman Consulting Group Ltd. is the larger business by last-quarter revenue ($129.0M vs $17.5M, roughly 7.4× Aeries Technology, Inc.). Aeries Technology, Inc. runs the higher net margin — 6.6% vs 1.5%, a 5.1% gap on every dollar of revenue. On growth, Bowman Consulting Group Ltd. posted the faster year-over-year revenue change (13.9% vs -0.8%). Bowman Consulting Group Ltd. produced more free cash flow last quarter ($8.1M vs $2.1M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs -5.9%).

SLR Consulting is a privately owned international sustainability consultancy with offices in Europe, North America, South America, Australasia, and Africa. In 2019, it reported revenues of £150.8 million. Its purpose is ‘Making Sustainability Happen’, which it achieves through its global team of expert advisors and technicians, who partner with clients to tackle some of the world’s most complex sustainability challenges. Its ultimate owner is Solar Holdings Topco Limited.

AERT vs BWMN — Head-to-Head

Bigger by revenue
BWMN
BWMN
7.4× larger
BWMN
$129.0M
$17.5M
AERT
Growing faster (revenue YoY)
BWMN
BWMN
+14.7% gap
BWMN
13.9%
-0.8%
AERT
Higher net margin
AERT
AERT
5.1% more per $
AERT
6.6%
1.5%
BWMN
More free cash flow
BWMN
BWMN
$6.0M more FCF
BWMN
$8.1M
$2.1M
AERT
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
-5.9%
AERT

Income Statement — Q3 2026 vs Q4 2025

Metric
AERT
AERT
BWMN
BWMN
Revenue
$17.5M
$129.0M
Net Profit
$1.2M
$2.0M
Gross Margin
19.1%
55.0%
Operating Margin
4.4%
3.2%
Net Margin
6.6%
1.5%
Revenue YoY
-0.8%
13.9%
Net Profit YoY
-56.7%
-66.7%
EPS (diluted)
$0.02
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AERT
AERT
BWMN
BWMN
Q4 25
$17.5M
$129.0M
Q3 25
$17.4M
$126.0M
Q2 25
$15.3M
$122.1M
Q1 25
$19.1M
$112.9M
Q4 24
$17.6M
$113.2M
Q3 24
$16.9M
$113.9M
Q2 24
$16.7M
$104.5M
Q1 24
$19.7M
$94.9M
Net Profit
AERT
AERT
BWMN
BWMN
Q4 25
$1.2M
$2.0M
Q3 25
$369.0K
$6.6M
Q2 25
$1.6M
$6.0M
Q1 25
$-6.0M
$-1.7M
Q4 24
$2.7M
$5.9M
Q3 24
$-2.3M
$771.0K
Q2 24
$-14.7M
$-2.1M
Q1 24
$32.1M
$-1.6M
Gross Margin
AERT
AERT
BWMN
BWMN
Q4 25
19.1%
55.0%
Q3 25
28.9%
53.1%
Q2 25
24.6%
53.7%
Q1 25
26.7%
51.4%
Q4 24
23.0%
53.2%
Q3 24
21.2%
52.4%
Q2 24
24.1%
52.5%
Q1 24
32.1%
50.6%
Operating Margin
AERT
AERT
BWMN
BWMN
Q4 25
4.4%
3.2%
Q3 25
11.4%
4.2%
Q2 25
5.3%
7.4%
Q1 25
-16.3%
1.0%
Q4 24
-29.3%
1.2%
Q3 24
-24.3%
0.4%
Q2 24
-98.5%
-1.2%
Q1 24
-0.0%
-2.8%
Net Margin
AERT
AERT
BWMN
BWMN
Q4 25
6.6%
1.5%
Q3 25
2.1%
5.3%
Q2 25
10.3%
4.9%
Q1 25
-31.6%
-1.5%
Q4 24
15.2%
5.2%
Q3 24
-13.5%
0.7%
Q2 24
-87.9%
-2.0%
Q1 24
163.1%
-1.6%
EPS (diluted)
AERT
AERT
BWMN
BWMN
Q4 25
$0.02
$0.13
Q3 25
$0.01
$0.37
Q2 25
$0.03
$0.34
Q1 25
$-0.10
$-0.11
Q4 24
$0.08
$0.37
Q3 24
$-0.05
$0.04
Q2 24
$-0.39
$-0.13
Q1 24
$-0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AERT
AERT
BWMN
BWMN
Cash + ST InvestmentsLiquidity on hand
$2.6M
$11.1M
Total DebtLower is stronger
$943.0K
$57.6M
Stockholders' EquityBook value
$-1.2M
$261.1M
Total Assets
$42.0M
$579.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AERT
AERT
BWMN
BWMN
Q4 25
$2.6M
$11.1M
Q3 25
$1.9M
$16.2M
Q2 25
$2.1M
$15.5M
Q1 25
$2.8M
$10.7M
Q4 24
$2.4M
$6.7M
Q3 24
$3.6M
$11.7M
Q2 24
$4.2M
$23.1M
Q1 24
$2.1M
$11.7M
Total Debt
AERT
AERT
BWMN
BWMN
Q4 25
$943.0K
$57.6M
Q3 25
$960.0K
$29.8M
Q2 25
$1.1M
$32.0M
Q1 25
$1.1M
$36.4M
Q4 24
$1.5M
$38.1M
Q3 24
$1.5M
$36.4M
Q2 24
$1.7M
$38.8M
Q1 24
$1.5M
$26.8M
Stockholders' Equity
AERT
AERT
BWMN
BWMN
Q4 25
$-1.2M
$261.1M
Q3 25
$-2.9M
$261.8M
Q2 25
$-4.3M
$249.6M
Q1 25
$-5.8M
$244.1M
Q4 24
$692.0K
$246.1M
Q3 24
$-2.3M
$243.2M
Q2 24
$-231.0K
$235.6M
Q1 24
$-12.2M
$167.3M
Total Assets
AERT
AERT
BWMN
BWMN
Q4 25
$42.0M
$579.7M
Q3 25
$40.5M
$510.2M
Q2 25
$38.8M
$538.2M
Q1 25
$39.8M
$528.7M
Q4 24
$50.7M
$505.9M
Q3 24
$52.0M
$497.0M
Q2 24
$51.8M
$463.4M
Q1 24
$49.4M
$420.5M
Debt / Equity
AERT
AERT
BWMN
BWMN
Q4 25
0.22×
Q3 25
0.11×
Q2 25
0.13×
Q1 25
0.15×
Q4 24
2.17×
0.15×
Q3 24
0.15×
Q2 24
0.16×
Q1 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AERT
AERT
BWMN
BWMN
Operating Cash FlowLast quarter
$2.4M
$9.4M
Free Cash FlowOCF − Capex
$2.1M
$8.1M
FCF MarginFCF / Revenue
12.2%
6.3%
Capex IntensityCapex / Revenue
1.3%
0.9%
Cash ConversionOCF / Net Profit
2.05×
4.76×
TTM Free Cash FlowTrailing 4 quarters
$4.6M
$33.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AERT
AERT
BWMN
BWMN
Q4 25
$2.4M
$9.4M
Q3 25
$1.0M
$10.2M
Q2 25
$1.4M
$4.3M
Q1 25
$864.0K
$12.0M
Q4 24
$-2.1M
$11.9M
Q3 24
$1.9M
$6.8M
Q2 24
$-1.7M
$3.1M
Q1 24
$-3.0M
$2.5M
Free Cash Flow
AERT
AERT
BWMN
BWMN
Q4 25
$2.1M
$8.1M
Q3 25
$653.0K
$10.1M
Q2 25
$1.1M
$4.2M
Q1 25
$752.0K
$11.0M
Q4 24
$-2.5M
$11.7M
Q3 24
$1.3M
$6.6M
Q2 24
$-2.1M
$2.7M
Q1 24
$-3.5M
$2.3M
FCF Margin
AERT
AERT
BWMN
BWMN
Q4 25
12.2%
6.3%
Q3 25
3.8%
8.0%
Q2 25
7.2%
3.4%
Q1 25
3.9%
9.7%
Q4 24
-14.0%
10.4%
Q3 24
7.8%
5.8%
Q2 24
-12.5%
2.6%
Q1 24
-17.6%
2.4%
Capex Intensity
AERT
AERT
BWMN
BWMN
Q4 25
1.3%
0.9%
Q3 25
2.1%
0.0%
Q2 25
1.7%
0.1%
Q1 25
0.6%
0.9%
Q4 24
2.2%
0.2%
Q3 24
3.6%
0.2%
Q2 24
2.2%
0.3%
Q1 24
2.3%
0.3%
Cash Conversion
AERT
AERT
BWMN
BWMN
Q4 25
2.05×
4.76×
Q3 25
2.78×
1.54×
Q2 25
0.87×
0.71×
Q1 25
Q4 24
-0.78×
2.02×
Q3 24
8.81×
Q2 24
Q1 24
-0.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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