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

FORMFACTOR INC is the larger business by last-quarter revenue ($226.1M vs $129.0M, roughly 1.8× Bowman Consulting Group Ltd.). FORMFACTOR INC runs the higher net margin — 9.0% vs 1.5%, a 7.5% gap on every dollar of revenue. On growth, FORMFACTOR INC posted the faster year-over-year revenue change (32.0% vs 13.9%). FORMFACTOR INC produced more free cash flow last quarter ($30.7M vs $8.1M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs 7.0%).

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.

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

BWMN vs FORM — Head-to-Head

Bigger by revenue
FORM
FORM
1.8× larger
FORM
$226.1M
$129.0M
BWMN
Growing faster (revenue YoY)
FORM
FORM
+18.1% gap
FORM
32.0%
13.9%
BWMN
Higher net margin
FORM
FORM
7.5% more per $
FORM
9.0%
1.5%
BWMN
More free cash flow
FORM
FORM
$22.6M more FCF
FORM
$30.7M
$8.1M
BWMN
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
7.0%
FORM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BWMN
BWMN
FORM
FORM
Revenue
$129.0M
$226.1M
Net Profit
$2.0M
$20.4M
Gross Margin
55.0%
38.4%
Operating Margin
3.2%
7.4%
Net Margin
1.5%
9.0%
Revenue YoY
13.9%
32.0%
Net Profit YoY
-66.7%
218.5%
EPS (diluted)
$0.13
$0.26

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
FORM
FORM
Q1 26
$226.1M
Q4 25
$129.0M
$215.2M
Q3 25
$126.0M
$202.7M
Q2 25
$122.1M
$195.8M
Q1 25
$112.9M
$171.4M
Q4 24
$113.2M
$189.5M
Q3 24
$113.9M
$207.9M
Q2 24
$104.5M
$197.5M
Net Profit
BWMN
BWMN
FORM
FORM
Q1 26
$20.4M
Q4 25
$2.0M
$23.2M
Q3 25
$6.6M
$15.7M
Q2 25
$6.0M
$9.1M
Q1 25
$-1.7M
$6.4M
Q4 24
$5.9M
$9.7M
Q3 24
$771.0K
$18.7M
Q2 24
$-2.1M
$19.4M
Gross Margin
BWMN
BWMN
FORM
FORM
Q1 26
38.4%
Q4 25
55.0%
42.2%
Q3 25
53.1%
39.8%
Q2 25
53.7%
37.3%
Q1 25
51.4%
37.7%
Q4 24
53.2%
38.8%
Q3 24
52.4%
40.7%
Q2 24
52.5%
44.0%
Operating Margin
BWMN
BWMN
FORM
FORM
Q1 26
7.4%
Q4 25
3.2%
10.9%
Q3 25
4.2%
8.9%
Q2 25
7.4%
6.3%
Q1 25
1.0%
1.9%
Q4 24
1.2%
4.1%
Q3 24
0.4%
8.6%
Q2 24
-1.2%
9.0%
Net Margin
BWMN
BWMN
FORM
FORM
Q1 26
9.0%
Q4 25
1.5%
10.8%
Q3 25
5.3%
7.7%
Q2 25
4.9%
4.6%
Q1 25
-1.5%
3.7%
Q4 24
5.2%
5.1%
Q3 24
0.7%
9.0%
Q2 24
-2.0%
9.8%
EPS (diluted)
BWMN
BWMN
FORM
FORM
Q1 26
$0.26
Q4 25
$0.13
$0.29
Q3 25
$0.37
$0.20
Q2 25
$0.34
$0.12
Q1 25
$-0.11
$0.08
Q4 24
$0.37
$0.12
Q3 24
$0.04
$0.24
Q2 24
$-0.13
$0.25

Balance Sheet & Financial Strength

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

Metric
BWMN
BWMN
FORM
FORM
Cash + ST InvestmentsLiquidity on hand
$11.1M
$123.5M
Total DebtLower is stronger
$57.6M
Stockholders' EquityBook value
$261.1M
$1.1B
Total Assets
$579.7M
$1.3B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWMN
BWMN
FORM
FORM
Q1 26
$123.5M
Q4 25
$11.1M
$103.3M
Q3 25
$16.2M
$266.0M
Q2 25
$15.5M
$249.3M
Q1 25
$10.7M
$299.0M
Q4 24
$6.7M
$360.0M
Q3 24
$11.7M
$354.5M
Q2 24
$23.1M
$357.6M
Total Debt
BWMN
BWMN
FORM
FORM
Q1 26
Q4 25
$57.6M
$12.2M
Q3 25
$29.8M
Q2 25
$32.0M
Q1 25
$36.4M
Q4 24
$38.1M
$13.3M
Q3 24
$36.4M
Q2 24
$38.8M
Stockholders' Equity
BWMN
BWMN
FORM
FORM
Q1 26
$1.1B
Q4 25
$261.1M
$1.0B
Q3 25
$261.8M
$1.0B
Q2 25
$249.6M
$990.0M
Q1 25
$244.1M
$965.9M
Q4 24
$246.1M
$947.8M
Q3 24
$243.2M
$955.0M
Q2 24
$235.6M
$947.9M
Total Assets
BWMN
BWMN
FORM
FORM
Q1 26
$1.3B
Q4 25
$579.7M
$1.2B
Q3 25
$510.2M
$1.2B
Q2 25
$538.2M
$1.2B
Q1 25
$528.7M
$1.2B
Q4 24
$505.9M
$1.1B
Q3 24
$497.0M
$1.2B
Q2 24
$463.4M
$1.2B
Debt / Equity
BWMN
BWMN
FORM
FORM
Q1 26
Q4 25
0.22×
0.01×
Q3 25
0.11×
Q2 25
0.13×
Q1 25
0.15×
Q4 24
0.15×
0.01×
Q3 24
0.15×
Q2 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
FORM
FORM
Operating Cash FlowLast quarter
$9.4M
$45.0M
Free Cash FlowOCF − Capex
$8.1M
$30.7M
FCF MarginFCF / Revenue
6.3%
13.6%
Capex IntensityCapex / Revenue
0.9%
6.7%
Cash ConversionOCF / Net Profit
4.76×
2.21×
TTM Free Cash FlowTrailing 4 quarters
$33.4M
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWMN
BWMN
FORM
FORM
Q1 26
$45.0M
Q4 25
$9.4M
$46.0M
Q3 25
$10.2M
$27.0M
Q2 25
$4.3M
$18.9M
Q1 25
$12.0M
$23.5M
Q4 24
$11.9M
$35.9M
Q3 24
$6.8M
$26.7M
Q2 24
$3.1M
$21.9M
Free Cash Flow
BWMN
BWMN
FORM
FORM
Q1 26
$30.7M
Q4 25
$8.1M
$34.7M
Q3 25
$10.1M
$19.5M
Q2 25
$4.2M
$-47.4M
Q1 25
$11.0M
$5.0M
Q4 24
$11.7M
$28.3M
Q3 24
$6.6M
$17.8M
Q2 24
$2.7M
$13.5M
FCF Margin
BWMN
BWMN
FORM
FORM
Q1 26
13.6%
Q4 25
6.3%
16.1%
Q3 25
8.0%
9.6%
Q2 25
3.4%
-24.2%
Q1 25
9.7%
2.9%
Q4 24
10.4%
14.9%
Q3 24
5.8%
8.6%
Q2 24
2.6%
6.8%
Capex Intensity
BWMN
BWMN
FORM
FORM
Q1 26
6.7%
Q4 25
0.9%
5.3%
Q3 25
0.0%
3.7%
Q2 25
0.1%
33.8%
Q1 25
0.9%
10.8%
Q4 24
0.2%
4.0%
Q3 24
0.2%
4.3%
Q2 24
0.3%
4.3%
Cash Conversion
BWMN
BWMN
FORM
FORM
Q1 26
2.21×
Q4 25
4.76×
1.98×
Q3 25
1.54×
1.72×
Q2 25
0.71×
2.08×
Q1 25
3.68×
Q4 24
2.02×
3.70×
Q3 24
8.81×
1.43×
Q2 24
1.13×

Financial Flow Comparison

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

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