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Side-by-side financial comparison of C3.ai, Inc. (AI) 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 $75.1M, roughly 1.7× C3.ai, Inc.). Bowman Consulting Group Ltd. runs the higher net margin — 1.5% vs -139.3%, a 140.8% gap on every dollar of revenue. On growth, Bowman Consulting Group Ltd. posted the faster year-over-year revenue change (13.9% vs -20.3%). Bowman Consulting Group Ltd. produced more free cash flow last quarter ($8.1M vs $-46.9M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs -2.1%).

C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.

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.

AI vs BWMN — Head-to-Head

Bigger by revenue
BWMN
BWMN
1.7× larger
BWMN
$129.0M
$75.1M
AI
Growing faster (revenue YoY)
BWMN
BWMN
+34.2% gap
BWMN
13.9%
-20.3%
AI
Higher net margin
BWMN
BWMN
140.8% more per $
BWMN
1.5%
-139.3%
AI
More free cash flow
BWMN
BWMN
$55.0M more FCF
BWMN
$8.1M
$-46.9M
AI
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
-2.1%
AI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AI
AI
BWMN
BWMN
Revenue
$75.1M
$129.0M
Net Profit
$-104.7M
$2.0M
Gross Margin
40.4%
55.0%
Operating Margin
-149.2%
3.2%
Net Margin
-139.3%
1.5%
Revenue YoY
-20.3%
13.9%
Net Profit YoY
-58.7%
-66.7%
EPS (diluted)
$-0.75
$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
AI
AI
BWMN
BWMN
Q4 25
$75.1M
$129.0M
Q3 25
$70.3M
$126.0M
Q2 25
$108.7M
$122.1M
Q1 25
$98.8M
$112.9M
Q4 24
$94.3M
$113.2M
Q3 24
$87.2M
$113.9M
Q2 24
$86.6M
$104.5M
Q1 24
$78.4M
$94.9M
Net Profit
AI
AI
BWMN
BWMN
Q4 25
$-104.7M
$2.0M
Q3 25
$-116.8M
$6.6M
Q2 25
$-79.7M
$6.0M
Q1 25
$-80.2M
$-1.7M
Q4 24
$-66.0M
$5.9M
Q3 24
$-62.8M
$771.0K
Q2 24
$-72.9M
$-2.1M
Q1 24
$-72.6M
$-1.6M
Gross Margin
AI
AI
BWMN
BWMN
Q4 25
40.4%
55.0%
Q3 25
37.6%
53.1%
Q2 25
62.1%
53.7%
Q1 25
59.1%
51.4%
Q4 24
61.3%
53.2%
Q3 24
59.8%
52.4%
Q2 24
59.6%
52.5%
Q1 24
57.8%
50.6%
Operating Margin
AI
AI
BWMN
BWMN
Q4 25
-149.2%
3.2%
Q3 25
-177.7%
4.2%
Q2 25
-81.8%
7.4%
Q1 25
-88.7%
1.0%
Q4 24
-79.8%
1.2%
Q3 24
-83.2%
0.4%
Q2 24
-95.1%
-1.2%
Q1 24
-105.3%
-2.8%
Net Margin
AI
AI
BWMN
BWMN
Q4 25
-139.3%
1.5%
Q3 25
-166.2%
5.3%
Q2 25
-73.3%
4.9%
Q1 25
-81.2%
-1.5%
Q4 24
-69.9%
5.2%
Q3 24
-72.0%
0.7%
Q2 24
-84.2%
-2.0%
Q1 24
-92.6%
-1.6%
EPS (diluted)
AI
AI
BWMN
BWMN
Q4 25
$-0.75
$0.13
Q3 25
$-0.86
$0.37
Q2 25
$-0.60
$0.34
Q1 25
$-0.62
$-0.11
Q4 24
$-0.52
$0.37
Q3 24
$-0.50
$0.04
Q2 24
$-0.59
$-0.13
Q1 24
$-0.60
$-0.11

Balance Sheet & Financial Strength

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

Metric
AI
AI
BWMN
BWMN
Cash + ST InvestmentsLiquidity on hand
$675.0M
$11.1M
Total DebtLower is stronger
$57.6M
Stockholders' EquityBook value
$771.9M
$261.1M
Total Assets
$961.3M
$579.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AI
AI
BWMN
BWMN
Q4 25
$675.0M
$11.1M
Q3 25
$711.9M
$16.2M
Q2 25
$742.7M
$15.5M
Q1 25
$724.3M
$10.7M
Q4 24
$730.4M
$6.7M
Q3 24
$762.5M
$11.7M
Q2 24
$750.4M
$23.1M
Q1 24
$723.3M
$11.7M
Total Debt
AI
AI
BWMN
BWMN
Q4 25
$57.6M
Q3 25
$29.8M
Q2 25
$32.0M
Q1 25
$36.4M
Q4 24
$38.1M
Q3 24
$36.4M
Q2 24
$38.8M
Q1 24
$26.8M
Stockholders' Equity
AI
AI
BWMN
BWMN
Q4 25
$771.9M
$261.1M
Q3 25
$798.8M
$261.8M
Q2 25
$838.3M
$249.6M
Q1 25
$860.2M
$244.1M
Q4 24
$859.0M
$246.1M
Q3 24
$874.9M
$243.2M
Q2 24
$873.4M
$235.6M
Q1 24
$898.0M
$167.3M
Total Assets
AI
AI
BWMN
BWMN
Q4 25
$961.3M
$579.7M
Q3 25
$968.7M
$510.2M
Q2 25
$1.0B
$538.2M
Q1 25
$1.1B
$528.7M
Q4 24
$1.0B
$505.9M
Q3 24
$1.1B
$497.0M
Q2 24
$1.0B
$463.4M
Q1 24
$1.1B
$420.5M
Debt / Equity
AI
AI
BWMN
BWMN
Q4 25
0.22×
Q3 25
0.11×
Q2 25
0.13×
Q1 25
0.15×
Q4 24
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
AI
AI
BWMN
BWMN
Operating Cash FlowLast quarter
$-46.5M
$9.4M
Free Cash FlowOCF − Capex
$-46.9M
$8.1M
FCF MarginFCF / Revenue
-62.4%
6.3%
Capex IntensityCapex / Revenue
0.5%
0.9%
Cash ConversionOCF / Net Profit
4.76×
TTM Free Cash FlowTrailing 4 quarters
$-93.2M
$33.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AI
AI
BWMN
BWMN
Q4 25
$-46.5M
$9.4M
Q3 25
$-33.5M
$10.2M
Q2 25
$11.3M
$4.3M
Q1 25
$-22.0M
$12.0M
Q4 24
$-38.7M
$11.9M
Q3 24
$8.0M
$6.8M
Q2 24
$21.3M
$3.1M
Q1 24
$-39.1M
$2.5M
Free Cash Flow
AI
AI
BWMN
BWMN
Q4 25
$-46.9M
$8.1M
Q3 25
$-34.3M
$10.1M
Q2 25
$10.3M
$4.2M
Q1 25
$-22.4M
$11.0M
Q4 24
$-39.5M
$11.7M
Q3 24
$7.1M
$6.6M
Q2 24
$18.8M
$2.7M
Q1 24
$-45.1M
$2.3M
FCF Margin
AI
AI
BWMN
BWMN
Q4 25
-62.4%
6.3%
Q3 25
-48.8%
8.0%
Q2 25
9.5%
3.4%
Q1 25
-22.7%
9.7%
Q4 24
-41.9%
10.4%
Q3 24
8.2%
5.8%
Q2 24
21.7%
2.6%
Q1 24
-57.6%
2.4%
Capex Intensity
AI
AI
BWMN
BWMN
Q4 25
0.5%
0.9%
Q3 25
1.1%
0.0%
Q2 25
0.9%
0.1%
Q1 25
0.4%
0.9%
Q4 24
0.9%
0.2%
Q3 24
1.1%
0.2%
Q2 24
2.9%
0.3%
Q1 24
7.8%
0.3%
Cash Conversion
AI
AI
BWMN
BWMN
Q4 25
4.76×
Q3 25
1.54×
Q2 25
0.71×
Q1 25
Q4 24
2.02×
Q3 24
8.81×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AI
AI

License And Service$70.2M93%
Professional Services$4.9M7%

BWMN
BWMN

Segment breakdown not available.

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