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

JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $129.0M, roughly 1.1× Bowman Consulting Group Ltd.). Bowman Consulting Group Ltd. runs the higher net margin — 1.5% vs -10.5%, a 12.0% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 13.9%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $8.1M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 16.6%).

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.

JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.

BWMN vs FROG — Head-to-Head

Bigger by revenue
FROG
FROG
1.1× larger
FROG
$145.3M
$129.0M
BWMN
Growing faster (revenue YoY)
FROG
FROG
+11.3% gap
FROG
25.2%
13.9%
BWMN
Higher net margin
BWMN
BWMN
12.0% more per $
BWMN
1.5%
-10.5%
FROG
More free cash flow
FROG
FROG
$41.7M more FCF
FROG
$49.9M
$8.1M
BWMN
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
16.6%
BWMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWMN
BWMN
FROG
FROG
Revenue
$129.0M
$145.3M
Net Profit
$2.0M
$-15.2M
Gross Margin
55.0%
77.9%
Operating Margin
3.2%
-14.7%
Net Margin
1.5%
-10.5%
Revenue YoY
13.9%
25.2%
Net Profit YoY
-66.7%
34.4%
EPS (diluted)
$0.13
$-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
BWMN
BWMN
FROG
FROG
Q4 25
$129.0M
$145.3M
Q3 25
$126.0M
$136.9M
Q2 25
$122.1M
$127.2M
Q1 25
$112.9M
$122.4M
Q4 24
$113.2M
$116.1M
Q3 24
$113.9M
$109.1M
Q2 24
$104.5M
$103.0M
Q1 24
$94.9M
$100.3M
Net Profit
BWMN
BWMN
FROG
FROG
Q4 25
$2.0M
$-15.2M
Q3 25
$6.6M
$-16.4M
Q2 25
$6.0M
$-21.7M
Q1 25
$-1.7M
$-18.5M
Q4 24
$5.9M
$-23.2M
Q3 24
$771.0K
$-22.9M
Q2 24
$-2.1M
$-14.3M
Q1 24
$-1.6M
$-8.8M
Gross Margin
BWMN
BWMN
FROG
FROG
Q4 25
55.0%
77.9%
Q3 25
53.1%
77.4%
Q2 25
53.7%
76.3%
Q1 25
51.4%
75.3%
Q4 24
53.2%
75.4%
Q3 24
52.4%
75.0%
Q2 24
52.5%
78.8%
Q1 24
50.6%
79.5%
Operating Margin
BWMN
BWMN
FROG
FROG
Q4 25
3.2%
-14.7%
Q3 25
4.2%
-15.8%
Q2 25
7.4%
-20.4%
Q1 25
1.0%
-18.8%
Q4 24
1.2%
-21.9%
Q3 24
0.4%
-27.4%
Q2 24
-1.2%
-18.6%
Q1 24
-2.8%
-16.6%
Net Margin
BWMN
BWMN
FROG
FROG
Q4 25
1.5%
-10.5%
Q3 25
5.3%
-12.0%
Q2 25
4.9%
-17.0%
Q1 25
-1.5%
-15.1%
Q4 24
5.2%
-20.0%
Q3 24
0.7%
-21.0%
Q2 24
-2.0%
-13.9%
Q1 24
-1.6%
-8.8%
EPS (diluted)
BWMN
BWMN
FROG
FROG
Q4 25
$0.13
$-0.13
Q3 25
$0.37
$-0.14
Q2 25
$0.34
$-0.19
Q1 25
$-0.11
$-0.16
Q4 24
$0.37
$-0.21
Q3 24
$0.04
$-0.21
Q2 24
$-0.13
$-0.13
Q1 24
$-0.11
$-0.08

Balance Sheet & Financial Strength

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

Metric
BWMN
BWMN
FROG
FROG
Cash + ST InvestmentsLiquidity on hand
$11.1M
$704.4M
Total DebtLower is stronger
$57.6M
Stockholders' EquityBook value
$261.1M
$887.4M
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
FROG
FROG
Q4 25
$11.1M
$704.4M
Q3 25
$16.2M
$651.1M
Q2 25
$15.5M
$611.7M
Q1 25
$10.7M
$563.5M
Q4 24
$6.7M
$522.0M
Q3 24
$11.7M
$467.8M
Q2 24
$23.1M
$591.3M
Q1 24
$11.7M
$579.6M
Total Debt
BWMN
BWMN
FROG
FROG
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
FROG
FROG
Q4 25
$261.1M
$887.4M
Q3 25
$261.8M
$859.4M
Q2 25
$249.6M
$826.5M
Q1 25
$244.1M
$800.0M
Q4 24
$246.1M
$773.5M
Q3 24
$243.2M
$756.2M
Q2 24
$235.6M
$721.4M
Q1 24
$167.3M
$707.8M
Total Assets
BWMN
BWMN
FROG
FROG
Q4 25
$579.7M
$1.3B
Q3 25
$510.2M
$1.3B
Q2 25
$538.2M
$1.2B
Q1 25
$528.7M
$1.2B
Q4 24
$505.9M
$1.1B
Q3 24
$497.0M
$1.1B
Q2 24
$463.4M
$1.0B
Q1 24
$420.5M
$997.1M
Debt / Equity
BWMN
BWMN
FROG
FROG
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
FROG
FROG
Operating Cash FlowLast quarter
$9.4M
$50.7M
Free Cash FlowOCF − Capex
$8.1M
$49.9M
FCF MarginFCF / Revenue
6.3%
34.3%
Capex IntensityCapex / Revenue
0.9%
0.6%
Cash ConversionOCF / Net Profit
4.76×
TTM Free Cash FlowTrailing 4 quarters
$33.4M
$142.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWMN
BWMN
FROG
FROG
Q4 25
$9.4M
$50.7M
Q3 25
$10.2M
$30.2M
Q2 25
$4.3M
$36.1M
Q1 25
$12.0M
$28.8M
Q4 24
$11.9M
$49.1M
Q3 24
$6.8M
$27.6M
Q2 24
$3.1M
$16.7M
Q1 24
$2.5M
$17.5M
Free Cash Flow
BWMN
BWMN
FROG
FROG
Q4 25
$8.1M
$49.9M
Q3 25
$10.1M
$28.8M
Q2 25
$4.2M
$35.5M
Q1 25
$11.0M
$28.1M
Q4 24
$11.7M
$48.5M
Q3 24
$6.6M
$26.7M
Q2 24
$2.7M
$16.0M
Q1 24
$2.3M
$16.6M
FCF Margin
BWMN
BWMN
FROG
FROG
Q4 25
6.3%
34.3%
Q3 25
8.0%
21.0%
Q2 25
3.4%
27.9%
Q1 25
9.7%
23.0%
Q4 24
10.4%
41.8%
Q3 24
5.8%
24.5%
Q2 24
2.6%
15.5%
Q1 24
2.4%
16.6%
Capex Intensity
BWMN
BWMN
FROG
FROG
Q4 25
0.9%
0.6%
Q3 25
0.0%
1.0%
Q2 25
0.1%
0.5%
Q1 25
0.9%
0.5%
Q4 24
0.2%
0.5%
Q3 24
0.2%
0.9%
Q2 24
0.3%
0.7%
Q1 24
0.3%
0.8%
Cash Conversion
BWMN
BWMN
FROG
FROG
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.

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