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

IBEX Ltd is the larger business by last-quarter revenue ($164.2M vs $129.0M, roughly 1.3× Bowman Consulting Group Ltd.). IBEX Ltd runs the higher net margin — 7.4% vs 1.5%, a 5.9% gap on every dollar of revenue. On growth, IBEX Ltd posted the faster year-over-year revenue change (16.7% vs 13.9%). Bowman Consulting Group Ltd. produced more free cash flow last quarter ($8.1M vs $-5.1M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs 13.8%).

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.

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures con...

BWMN vs IBEX — Head-to-Head

Bigger by revenue
IBEX
IBEX
1.3× larger
IBEX
$164.2M
$129.0M
BWMN
Growing faster (revenue YoY)
IBEX
IBEX
+2.8% gap
IBEX
16.7%
13.9%
BWMN
Higher net margin
IBEX
IBEX
5.9% more per $
IBEX
7.4%
1.5%
BWMN
More free cash flow
BWMN
BWMN
$13.2M more FCF
BWMN
$8.1M
$-5.1M
IBEX
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
13.8%
IBEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BWMN
BWMN
IBEX
IBEX
Revenue
$129.0M
$164.2M
Net Profit
$2.0M
$12.2M
Gross Margin
55.0%
Operating Margin
3.2%
9.3%
Net Margin
1.5%
7.4%
Revenue YoY
13.9%
16.7%
Net Profit YoY
-66.7%
31.8%
EPS (diluted)
$0.13
$0.83

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
IBEX
IBEX
Q4 25
$129.0M
$164.2M
Q3 25
$126.0M
$151.2M
Q2 25
$122.1M
$147.1M
Q1 25
$112.9M
$140.7M
Q4 24
$113.2M
$140.7M
Q3 24
$113.9M
$129.7M
Q2 24
$104.5M
$124.5M
Q1 24
$94.9M
$126.8M
Net Profit
BWMN
BWMN
IBEX
IBEX
Q4 25
$2.0M
$12.2M
Q3 25
$6.6M
$12.0M
Q2 25
$6.0M
$9.6M
Q1 25
$-1.7M
$10.5M
Q4 24
$5.9M
$9.3M
Q3 24
$771.0K
$7.5M
Q2 24
$-2.1M
$9.8M
Q1 24
$-1.6M
$10.3M
Gross Margin
BWMN
BWMN
IBEX
IBEX
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
IBEX
IBEX
Q4 25
3.2%
9.3%
Q3 25
4.2%
9.1%
Q2 25
7.4%
8.3%
Q1 25
1.0%
9.5%
Q4 24
1.2%
8.5%
Q3 24
0.4%
7.0%
Q2 24
-1.2%
10.3%
Q1 24
-2.8%
8.9%
Net Margin
BWMN
BWMN
IBEX
IBEX
Q4 25
1.5%
7.4%
Q3 25
5.3%
8.0%
Q2 25
4.9%
6.5%
Q1 25
-1.5%
7.4%
Q4 24
5.2%
6.6%
Q3 24
0.7%
5.8%
Q2 24
-2.0%
7.9%
Q1 24
-1.6%
8.1%
EPS (diluted)
BWMN
BWMN
IBEX
IBEX
Q4 25
$0.13
$0.83
Q3 25
$0.37
$0.82
Q2 25
$0.34
$0.63
Q1 25
$-0.11
$0.73
Q4 24
$0.37
$0.57
Q3 24
$0.04
$0.43
Q2 24
$-0.13
$0.55
Q1 24
$-0.11
$0.57

Balance Sheet & Financial Strength

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

Metric
BWMN
BWMN
IBEX
IBEX
Cash + ST InvestmentsLiquidity on hand
$11.1M
$15.5M
Total DebtLower is stronger
$57.6M
$594.0K
Stockholders' EquityBook value
$261.1M
$154.5M
Total Assets
$579.7M
$295.8M
Debt / EquityLower = less leverage
0.22×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWMN
BWMN
IBEX
IBEX
Q4 25
$11.1M
$15.5M
Q3 25
$16.2M
$22.7M
Q2 25
$15.5M
$15.3M
Q1 25
$10.7M
$13.0M
Q4 24
$6.7M
$20.2M
Q3 24
$11.7M
$62.3M
Q2 24
$23.1M
$62.7M
Q1 24
$11.7M
$50.7M
Total Debt
BWMN
BWMN
IBEX
IBEX
Q4 25
$57.6M
$594.0K
Q3 25
$29.8M
$726.0K
Q2 25
$32.0M
$796.0K
Q1 25
$36.4M
$735.0K
Q4 24
$38.1M
$695.0K
Q3 24
$36.4M
$802.0K
Q2 24
$38.8M
$867.0K
Q1 24
$26.8M
$820.0K
Stockholders' Equity
BWMN
BWMN
IBEX
IBEX
Q4 25
$261.1M
$154.5M
Q3 25
$261.8M
$143.6M
Q2 25
$249.6M
$134.3M
Q1 25
$244.1M
$124.2M
Q4 24
$246.1M
$108.9M
Q3 24
$243.2M
$171.1M
Q2 24
$235.6M
$165.8M
Q1 24
$167.3M
$159.3M
Total Assets
BWMN
BWMN
IBEX
IBEX
Q4 25
$579.7M
$295.8M
Q3 25
$510.2M
$283.9M
Q2 25
$538.2M
$273.2M
Q1 25
$528.7M
$274.7M
Q4 24
$505.9M
$272.5M
Q3 24
$497.0M
$306.3M
Q2 24
$463.4M
$293.9M
Q1 24
$420.5M
$289.6M
Debt / Equity
BWMN
BWMN
IBEX
IBEX
Q4 25
0.22×
0.00×
Q3 25
0.11×
0.01×
Q2 25
0.13×
0.01×
Q1 25
0.15×
0.01×
Q4 24
0.15×
0.01×
Q3 24
0.15×
0.00×
Q2 24
0.16×
0.01×
Q1 24
0.16×
0.01×

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
IBEX
IBEX
Operating Cash FlowLast quarter
$9.4M
$6.6M
Free Cash FlowOCF − Capex
$8.1M
$-5.1M
FCF MarginFCF / Revenue
6.3%
-3.1%
Capex IntensityCapex / Revenue
0.9%
7.1%
Cash ConversionOCF / Net Profit
4.76×
0.54×
TTM Free Cash FlowTrailing 4 quarters
$33.4M
$29.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWMN
BWMN
IBEX
IBEX
Q4 25
$9.4M
$6.6M
Q3 25
$10.2M
$15.7M
Q2 25
$4.3M
$27.9M
Q1 25
$12.0M
$8.8M
Q4 24
$11.9M
$1.1M
Q3 24
$6.8M
$7.8M
Q2 24
$3.1M
$17.4M
Q1 24
$2.5M
$11.4M
Free Cash Flow
BWMN
BWMN
IBEX
IBEX
Q4 25
$8.1M
$-5.1M
Q3 25
$10.1M
$8.0M
Q2 25
$4.2M
$22.8M
Q1 25
$11.0M
$3.6M
Q4 24
$11.7M
$-3.2M
Q3 24
$6.6M
$4.1M
Q2 24
$2.7M
$15.2M
Q1 24
$2.3M
$9.7M
FCF Margin
BWMN
BWMN
IBEX
IBEX
Q4 25
6.3%
-3.1%
Q3 25
8.0%
5.3%
Q2 25
3.4%
15.5%
Q1 25
9.7%
2.5%
Q4 24
10.4%
-2.3%
Q3 24
5.8%
3.2%
Q2 24
2.6%
12.2%
Q1 24
2.4%
7.7%
Capex Intensity
BWMN
BWMN
IBEX
IBEX
Q4 25
0.9%
7.1%
Q3 25
0.0%
5.1%
Q2 25
0.1%
3.5%
Q1 25
0.9%
3.7%
Q4 24
0.2%
3.1%
Q3 24
0.2%
2.8%
Q2 24
0.3%
1.8%
Q1 24
0.3%
1.3%
Cash Conversion
BWMN
BWMN
IBEX
IBEX
Q4 25
4.76×
0.54×
Q3 25
1.54×
1.30×
Q2 25
0.71×
2.91×
Q1 25
0.84×
Q4 24
2.02×
0.12×
Q3 24
8.81×
1.03×
Q2 24
1.77×
Q1 24
1.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWMN
BWMN

Segment breakdown not available.

IBEX
IBEX

Transferred Over Time$147.1M90%
Transferred At Point In Time$17.1M10%

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