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Side-by-side financial comparison of Bowman Consulting Group Ltd. (BWMN) and EXPONENT INC (EXPO). Click either name above to swap in a different company.

EXPONENT INC is the larger business by last-quarter revenue ($147.1M vs $129.0M, roughly 1.1× Bowman Consulting Group Ltd.). EXPONENT INC runs the higher net margin — 19.1% vs 1.5%, a 17.5% gap on every dollar of revenue. On growth, Bowman Consulting Group Ltd. posted the faster year-over-year revenue change (13.9% vs 8.0%). EXPONENT INC produced more free cash flow last quarter ($30.0M vs $8.1M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs 9.4%).

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.

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

BWMN vs EXPO — Head-to-Head

Bigger by revenue
EXPO
EXPO
1.1× larger
EXPO
$147.1M
$129.0M
BWMN
Growing faster (revenue YoY)
BWMN
BWMN
+5.9% gap
BWMN
13.9%
8.0%
EXPO
Higher net margin
EXPO
EXPO
17.5% more per $
EXPO
19.1%
1.5%
BWMN
More free cash flow
EXPO
EXPO
$21.8M more FCF
EXPO
$30.0M
$8.1M
BWMN
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
9.4%
EXPO

Income Statement — Q4 2025 vs Q3 2026

Metric
BWMN
BWMN
EXPO
EXPO
Revenue
$129.0M
$147.1M
Net Profit
$2.0M
$28.0M
Gross Margin
55.0%
Operating Margin
3.2%
19.7%
Net Margin
1.5%
19.1%
Revenue YoY
13.9%
8.0%
Net Profit YoY
-66.7%
7.7%
EPS (diluted)
$0.13
$0.55

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
BWMN
BWMN
EXPO
EXPO
Q4 25
$129.0M
$147.1M
Q3 25
$126.0M
$142.0M
Q2 25
$122.1M
$145.5M
Q1 25
$112.9M
$136.8M
Q4 24
$113.2M
Q3 24
$113.9M
$136.3M
Q2 24
$104.5M
$140.5M
Q1 24
$94.9M
$144.9M
Net Profit
BWMN
BWMN
EXPO
EXPO
Q4 25
$2.0M
$28.0M
Q3 25
$6.6M
$26.6M
Q2 25
$6.0M
$26.6M
Q1 25
$-1.7M
$23.6M
Q4 24
$5.9M
Q3 24
$771.0K
$26.0M
Q2 24
$-2.1M
$29.2M
Q1 24
$-1.6M
$30.1M
Gross Margin
BWMN
BWMN
EXPO
EXPO
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
BWMN
BWMN
EXPO
EXPO
Q4 25
3.2%
19.7%
Q3 25
4.2%
12.1%
Q2 25
7.4%
30.5%
Q1 25
1.0%
19.9%
Q4 24
1.2%
Q3 24
0.4%
19.0%
Q2 24
-1.2%
25.4%
Q1 24
-2.8%
21.2%
Net Margin
BWMN
BWMN
EXPO
EXPO
Q4 25
1.5%
19.1%
Q3 25
5.3%
18.7%
Q2 25
4.9%
18.3%
Q1 25
-1.5%
17.2%
Q4 24
5.2%
Q3 24
0.7%
19.1%
Q2 24
-2.0%
20.8%
Q1 24
-1.6%
20.8%
EPS (diluted)
BWMN
BWMN
EXPO
EXPO
Q4 25
$0.13
$0.55
Q3 25
$0.37
$0.52
Q2 25
$0.34
$0.52
Q1 25
$-0.11
$0.45
Q4 24
$0.37
Q3 24
$0.04
$0.50
Q2 24
$-0.13
$0.57
Q1 24
$-0.11
$0.59

Balance Sheet & Financial Strength

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

Metric
BWMN
BWMN
EXPO
EXPO
Cash + ST InvestmentsLiquidity on hand
$11.1M
$207.4M
Total DebtLower is stronger
$57.6M
Stockholders' EquityBook value
$261.1M
$402.9M
Total Assets
$579.7M
$761.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWMN
BWMN
EXPO
EXPO
Q4 25
$11.1M
$207.4M
Q3 25
$16.2M
$231.8M
Q2 25
$15.5M
$245.1M
Q1 25
$10.7M
$258.9M
Q4 24
$6.7M
Q3 24
$11.7M
$219.7M
Q2 24
$23.1M
$203.3M
Q1 24
$11.7M
$168.7M
Total Debt
BWMN
BWMN
EXPO
EXPO
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
BWMN
BWMN
EXPO
EXPO
Q4 25
$261.1M
$402.9M
Q3 25
$261.8M
$427.8M
Q2 25
$249.6M
$441.4M
Q1 25
$244.1M
$421.1M
Q4 24
$246.1M
Q3 24
$243.2M
$410.3M
Q2 24
$235.6M
$393.2M
Q1 24
$167.3M
$374.3M
Total Assets
BWMN
BWMN
EXPO
EXPO
Q4 25
$579.7M
$761.4M
Q3 25
$510.2M
$759.4M
Q2 25
$538.2M
$763.2M
Q1 25
$528.7M
$777.3M
Q4 24
$505.9M
Q3 24
$497.0M
$744.1M
Q2 24
$463.4M
$709.2M
Q1 24
$420.5M
$629.4M
Debt / Equity
BWMN
BWMN
EXPO
EXPO
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
BWMN
BWMN
EXPO
EXPO
Operating Cash FlowLast quarter
$9.4M
$32.7M
Free Cash FlowOCF − Capex
$8.1M
$30.0M
FCF MarginFCF / Revenue
6.3%
20.4%
Capex IntensityCapex / Revenue
0.9%
1.8%
Cash ConversionOCF / Net Profit
4.76×
1.16×
TTM Free Cash FlowTrailing 4 quarters
$33.4M
$122.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWMN
BWMN
EXPO
EXPO
Q4 25
$9.4M
$32.7M
Q3 25
$10.2M
$36.2M
Q2 25
$4.3M
$7.3M
Q1 25
$12.0M
$56.1M
Q4 24
$11.9M
Q3 24
$6.8M
$29.7M
Q2 24
$3.1M
$48.3M
Q1 24
$2.5M
$10.4M
Free Cash Flow
BWMN
BWMN
EXPO
EXPO
Q4 25
$8.1M
$30.0M
Q3 25
$10.1M
$33.9M
Q2 25
$4.2M
$5.5M
Q1 25
$11.0M
$53.5M
Q4 24
$11.7M
Q3 24
$6.6M
$28.0M
Q2 24
$2.7M
$47.2M
Q1 24
$2.3M
$8.9M
FCF Margin
BWMN
BWMN
EXPO
EXPO
Q4 25
6.3%
20.4%
Q3 25
8.0%
23.9%
Q2 25
3.4%
3.8%
Q1 25
9.7%
39.1%
Q4 24
10.4%
Q3 24
5.8%
20.5%
Q2 24
2.6%
33.6%
Q1 24
2.4%
6.2%
Capex Intensity
BWMN
BWMN
EXPO
EXPO
Q4 25
0.9%
1.8%
Q3 25
0.0%
1.6%
Q2 25
0.1%
1.2%
Q1 25
0.9%
1.9%
Q4 24
0.2%
Q3 24
0.2%
1.3%
Q2 24
0.3%
0.8%
Q1 24
0.3%
1.0%
Cash Conversion
BWMN
BWMN
EXPO
EXPO
Q4 25
4.76×
1.16×
Q3 25
1.54×
1.36×
Q2 25
0.71×
0.27×
Q1 25
2.38×
Q4 24
2.02×
Q3 24
8.81×
1.14×
Q2 24
1.65×
Q1 24
0.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWMN
BWMN

Segment breakdown not available.

EXPO
EXPO

Engineering And Other Scientific$124.0M84%
Environmental And Health$23.1M16%

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