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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Bowman Consulting Group Ltd. (BWMN). Click either name above to swap in a different company.

Bitcoin Depot Inc. is the larger business by last-quarter revenue ($162.5M vs $129.0M, roughly 1.3× Bowman Consulting Group Ltd.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 1.5%, a 1.9% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 13.9%). Bowman Consulting Group Ltd. produced more free cash flow last quarter ($8.1M vs $2.5M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs -4.9%).

Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.

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.

BTM vs BWMN — Head-to-Head

Bigger by revenue
BTM
BTM
1.3× larger
BTM
$162.5M
$129.0M
BWMN
Growing faster (revenue YoY)
BTM
BTM
+6.2% gap
BTM
20.1%
13.9%
BWMN
Higher net margin
BTM
BTM
1.9% more per $
BTM
3.4%
1.5%
BWMN
More free cash flow
BWMN
BWMN
$5.6M more FCF
BWMN
$8.1M
$2.5M
BTM
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BTM
BTM
BWMN
BWMN
Revenue
$162.5M
$129.0M
Net Profit
$5.5M
$2.0M
Gross Margin
55.0%
Operating Margin
7.3%
3.2%
Net Margin
3.4%
1.5%
Revenue YoY
20.1%
13.9%
Net Profit YoY
690.4%
-66.7%
EPS (diluted)
$0.08
$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
BTM
BTM
BWMN
BWMN
Q4 25
$129.0M
Q3 25
$162.5M
$126.0M
Q2 25
$172.1M
$122.1M
Q1 25
$164.2M
$112.9M
Q4 24
$113.2M
Q3 24
$135.3M
$113.9M
Q2 24
$163.1M
$104.5M
Q1 24
$138.5M
$94.9M
Net Profit
BTM
BTM
BWMN
BWMN
Q4 25
$2.0M
Q3 25
$5.5M
$6.6M
Q2 25
$6.1M
$6.0M
Q1 25
$4.2M
$-1.7M
Q4 24
$5.9M
Q3 24
$-939.0K
$771.0K
Q2 24
$-2.6M
$-2.1M
Q1 24
$-1.5M
$-1.6M
Gross Margin
BTM
BTM
BWMN
BWMN
Q4 25
55.0%
Q3 25
53.1%
Q2 25
53.7%
Q1 25
51.4%
Q4 24
53.2%
Q3 24
52.4%
Q2 24
52.5%
Q1 24
50.6%
Operating Margin
BTM
BTM
BWMN
BWMN
Q4 25
3.2%
Q3 25
7.3%
4.2%
Q2 25
9.2%
7.4%
Q1 25
10.8%
1.0%
Q4 24
1.2%
Q3 24
4.1%
0.4%
Q2 24
4.7%
-1.2%
Q1 24
0.5%
-2.8%
Net Margin
BTM
BTM
BWMN
BWMN
Q4 25
1.5%
Q3 25
3.4%
5.3%
Q2 25
3.5%
4.9%
Q1 25
2.6%
-1.5%
Q4 24
5.2%
Q3 24
-0.7%
0.7%
Q2 24
-1.6%
-2.0%
Q1 24
-1.1%
-1.6%
EPS (diluted)
BTM
BTM
BWMN
BWMN
Q4 25
$0.13
Q3 25
$0.08
$0.37
Q2 25
$0.16
$0.34
Q1 25
$0.20
$-0.11
Q4 24
$0.37
Q3 24
$-0.05
$0.04
Q2 24
$-0.13
$-0.13
Q1 24
$-0.25
$-0.11

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
BWMN
BWMN
Cash + ST InvestmentsLiquidity on hand
$59.3M
$11.1M
Total DebtLower is stronger
$67.5M
$57.6M
Stockholders' EquityBook value
$21.0M
$261.1M
Total Assets
$125.3M
$579.7M
Debt / EquityLower = less leverage
3.21×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
BWMN
BWMN
Q4 25
$11.1M
Q3 25
$59.3M
$16.2M
Q2 25
$48.0M
$15.5M
Q1 25
$35.0M
$10.7M
Q4 24
$6.7M
Q3 24
$32.2M
$11.7M
Q2 24
$43.9M
$23.1M
Q1 24
$42.2M
$11.7M
Total Debt
BTM
BTM
BWMN
BWMN
Q4 25
$57.6M
Q3 25
$67.5M
$29.8M
Q2 25
$66.5M
$32.0M
Q1 25
$56.2M
$36.4M
Q4 24
$38.1M
Q3 24
$44.5M
$36.4M
Q2 24
$41.2M
$38.8M
Q1 24
$37.6M
$26.8M
Stockholders' Equity
BTM
BTM
BWMN
BWMN
Q4 25
$261.1M
Q3 25
$21.0M
$261.8M
Q2 25
$4.7M
$249.6M
Q1 25
$-4.6M
$244.1M
Q4 24
$246.1M
Q3 24
$-7.9M
$243.2M
Q2 24
$4.4M
$235.6M
Q1 24
$5.0M
$167.3M
Total Assets
BTM
BTM
BWMN
BWMN
Q4 25
$579.7M
Q3 25
$125.3M
$510.2M
Q2 25
$109.1M
$538.2M
Q1 25
$89.7M
$528.7M
Q4 24
$505.9M
Q3 24
$87.4M
$497.0M
Q2 24
$97.5M
$463.4M
Q1 24
$90.1M
$420.5M
Debt / Equity
BTM
BTM
BWMN
BWMN
Q4 25
0.22×
Q3 25
3.21×
0.11×
Q2 25
14.18×
0.13×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
9.27×
0.16×
Q1 24
7.54×
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
BTM
BTM
BWMN
BWMN
Operating Cash FlowLast quarter
$6.6M
$9.4M
Free Cash FlowOCF − Capex
$2.5M
$8.1M
FCF MarginFCF / Revenue
1.6%
6.3%
Capex IntensityCapex / Revenue
2.5%
0.9%
Cash ConversionOCF / Net Profit
1.20×
4.76×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$33.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
BWMN
BWMN
Q4 25
$9.4M
Q3 25
$6.6M
$10.2M
Q2 25
$10.2M
$4.3M
Q1 25
$16.3M
$12.0M
Q4 24
$11.9M
Q3 24
$5.8M
$6.8M
Q2 24
$10.1M
$3.1M
Q1 24
$1.3M
$2.5M
Free Cash Flow
BTM
BTM
BWMN
BWMN
Q4 25
$8.1M
Q3 25
$2.5M
$10.1M
Q2 25
$9.8M
$4.2M
Q1 25
$15.9M
$11.0M
Q4 24
$11.7M
Q3 24
$-1.0M
$6.6M
Q2 24
$7.6M
$2.7M
Q1 24
$789.0K
$2.3M
FCF Margin
BTM
BTM
BWMN
BWMN
Q4 25
6.3%
Q3 25
1.6%
8.0%
Q2 25
5.7%
3.4%
Q1 25
9.7%
9.7%
Q4 24
10.4%
Q3 24
-0.8%
5.8%
Q2 24
4.7%
2.6%
Q1 24
0.6%
2.4%
Capex Intensity
BTM
BTM
BWMN
BWMN
Q4 25
0.9%
Q3 25
2.5%
0.0%
Q2 25
0.2%
0.1%
Q1 25
0.2%
0.9%
Q4 24
0.2%
Q3 24
5.0%
0.2%
Q2 24
1.5%
0.3%
Q1 24
0.4%
0.3%
Cash Conversion
BTM
BTM
BWMN
BWMN
Q4 25
4.76×
Q3 25
1.20×
1.54×
Q2 25
1.67×
0.71×
Q1 25
3.88×
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.

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