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

MGP INGREDIENTS INC is the larger business by last-quarter revenue ($138.3M vs $129.0M, roughly 1.1× Bowman Consulting Group Ltd.). Bowman Consulting Group Ltd. runs the higher net margin — 1.5% vs -97.3%, a 98.9% gap on every dollar of revenue. On growth, Bowman Consulting Group Ltd. posted the faster year-over-year revenue change (13.9% vs -23.5%). MGP INGREDIENTS INC produced more free cash flow last quarter ($24.3M vs $8.1M). Over the past eight quarters, Bowman Consulting Group Ltd.'s revenue compounded faster (16.6% CAGR vs -9.9%).

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.

MGP Ingredients Inc is a leading US-based supplier of premium distilled spirits, specialty wheat and corn-based starch and protein ingredients. It serves food and beverage manufacturing, foodservice, and industrial customer segments across North America and select global markets, delivering tailored ingredient solutions for diverse product use cases.

BWMN vs MGPI — Head-to-Head

Bigger by revenue
MGPI
MGPI
1.1× larger
MGPI
$138.3M
$129.0M
BWMN
Growing faster (revenue YoY)
BWMN
BWMN
+37.4% gap
BWMN
13.9%
-23.5%
MGPI
Higher net margin
BWMN
BWMN
98.9% more per $
BWMN
1.5%
-97.3%
MGPI
More free cash flow
MGPI
MGPI
$16.1M more FCF
MGPI
$24.3M
$8.1M
BWMN
Faster 2-yr revenue CAGR
BWMN
BWMN
Annualised
BWMN
16.6%
-9.9%
MGPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWMN
BWMN
MGPI
MGPI
Revenue
$129.0M
$138.3M
Net Profit
$2.0M
$-134.6M
Gross Margin
55.0%
34.9%
Operating Margin
3.2%
-97.7%
Net Margin
1.5%
-97.3%
Revenue YoY
13.9%
-23.5%
Net Profit YoY
-66.7%
-220.8%
EPS (diluted)
$0.13
$-6.23

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
MGPI
MGPI
Q4 25
$129.0M
$138.3M
Q3 25
$126.0M
$130.9M
Q2 25
$122.1M
$145.5M
Q1 25
$112.9M
$121.7M
Q4 24
$113.2M
$180.8M
Q3 24
$113.9M
$161.5M
Q2 24
$104.5M
$190.8M
Q1 24
$94.9M
$170.6M
Net Profit
BWMN
BWMN
MGPI
MGPI
Q4 25
$2.0M
$-134.6M
Q3 25
$6.6M
$15.4M
Q2 25
$6.0M
$14.4M
Q1 25
$-1.7M
$-3.0M
Q4 24
$5.9M
$-42.0M
Q3 24
$771.0K
$23.9M
Q2 24
$-2.1M
$32.1M
Q1 24
$-1.6M
$20.6M
Gross Margin
BWMN
BWMN
MGPI
MGPI
Q4 25
55.0%
34.9%
Q3 25
53.1%
37.8%
Q2 25
53.7%
40.1%
Q1 25
51.4%
35.6%
Q4 24
53.2%
41.2%
Q3 24
52.4%
40.8%
Q2 24
52.5%
43.6%
Q1 24
50.6%
36.8%
Operating Margin
BWMN
BWMN
MGPI
MGPI
Q4 25
3.2%
-97.7%
Q3 25
4.2%
16.1%
Q2 25
7.4%
14.0%
Q1 25
1.0%
-0.6%
Q4 24
1.2%
-16.8%
Q3 24
0.4%
20.2%
Q2 24
-1.2%
22.7%
Q1 24
-2.8%
17.0%
Net Margin
BWMN
BWMN
MGPI
MGPI
Q4 25
1.5%
-97.3%
Q3 25
5.3%
11.8%
Q2 25
4.9%
9.9%
Q1 25
-1.5%
-2.5%
Q4 24
5.2%
-23.2%
Q3 24
0.7%
14.8%
Q2 24
-2.0%
16.8%
Q1 24
-1.6%
12.1%
EPS (diluted)
BWMN
BWMN
MGPI
MGPI
Q4 25
$0.13
$-6.23
Q3 25
$0.37
$0.71
Q2 25
$0.34
$0.67
Q1 25
$-0.11
$-0.14
Q4 24
$0.37
$-1.86
Q3 24
$0.04
$1.07
Q2 24
$-0.13
$1.43
Q1 24
$-0.11
$0.92

Balance Sheet & Financial Strength

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

Metric
BWMN
BWMN
MGPI
MGPI
Cash + ST InvestmentsLiquidity on hand
$11.1M
$18.5M
Total DebtLower is stronger
$57.6M
$245.9M
Stockholders' EquityBook value
$261.1M
$718.4M
Total Assets
$579.7M
$1.2B
Debt / EquityLower = less leverage
0.22×
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWMN
BWMN
MGPI
MGPI
Q4 25
$11.1M
$18.5M
Q3 25
$16.2M
$13.4M
Q2 25
$15.5M
$17.3M
Q1 25
$10.7M
$20.1M
Q4 24
$6.7M
$25.3M
Q3 24
$11.7M
$20.8M
Q2 24
$23.1M
$21.0M
Q1 24
$11.7M
$19.5M
Total Debt
BWMN
BWMN
MGPI
MGPI
Q4 25
$57.6M
$245.9M
Q3 25
$29.8M
$262.3M
Q2 25
$32.0M
$290.7M
Q1 25
$36.4M
$290.7M
Q4 24
$38.1M
$317.1M
Q3 24
$36.4M
$283.6M
Q2 24
$38.8M
$303.0M
Q1 24
$26.8M
$294.4M
Stockholders' Equity
BWMN
BWMN
MGPI
MGPI
Q4 25
$261.1M
$718.4M
Q3 25
$261.8M
$855.2M
Q2 25
$249.6M
$841.8M
Q1 25
$244.1M
$828.3M
Q4 24
$246.1M
$834.2M
Q3 24
$243.2M
$914.5M
Q2 24
$235.6M
$894.5M
Q1 24
$167.3M
$867.0M
Total Assets
BWMN
BWMN
MGPI
MGPI
Q4 25
$579.7M
$1.2B
Q3 25
$510.2M
$1.4B
Q2 25
$538.2M
$1.4B
Q1 25
$528.7M
$1.4B
Q4 24
$505.9M
$1.4B
Q3 24
$497.0M
$1.4B
Q2 24
$463.4M
$1.4B
Q1 24
$420.5M
$1.4B
Debt / Equity
BWMN
BWMN
MGPI
MGPI
Q4 25
0.22×
0.34×
Q3 25
0.11×
0.31×
Q2 25
0.13×
0.35×
Q1 25
0.15×
0.35×
Q4 24
0.15×
0.38×
Q3 24
0.15×
0.31×
Q2 24
0.16×
0.34×
Q1 24
0.16×
0.34×

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
MGPI
MGPI
Operating Cash FlowLast quarter
$9.4M
$29.1M
Free Cash FlowOCF − Capex
$8.1M
$24.3M
FCF MarginFCF / Revenue
6.3%
17.5%
Capex IntensityCapex / Revenue
0.9%
3.5%
Cash ConversionOCF / Net Profit
4.76×
TTM Free Cash FlowTrailing 4 quarters
$33.4M
$76.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWMN
BWMN
MGPI
MGPI
Q4 25
$9.4M
$29.1M
Q3 25
$10.2M
$36.1M
Q2 25
$4.3M
$11.7M
Q1 25
$12.0M
$44.7M
Q4 24
$11.9M
$28.8M
Q3 24
$6.8M
$43.9M
Q2 24
$3.1M
$5.0M
Q1 24
$2.5M
$24.6M
Free Cash Flow
BWMN
BWMN
MGPI
MGPI
Q4 25
$8.1M
$24.3M
Q3 25
$10.1M
$27.6M
Q2 25
$4.2M
$-557.0K
Q1 25
$11.0M
$24.8M
Q4 24
$11.7M
$10.4M
Q3 24
$6.6M
$24.5M
Q2 24
$2.7M
$-1.4M
Q1 24
$2.3M
$-2.4M
FCF Margin
BWMN
BWMN
MGPI
MGPI
Q4 25
6.3%
17.5%
Q3 25
8.0%
21.1%
Q2 25
3.4%
-0.4%
Q1 25
9.7%
20.4%
Q4 24
10.4%
5.8%
Q3 24
5.8%
15.2%
Q2 24
2.6%
-0.7%
Q1 24
2.4%
-1.4%
Capex Intensity
BWMN
BWMN
MGPI
MGPI
Q4 25
0.9%
3.5%
Q3 25
0.0%
6.5%
Q2 25
0.1%
8.4%
Q1 25
0.9%
16.4%
Q4 24
0.2%
10.1%
Q3 24
0.2%
12.0%
Q2 24
0.3%
3.3%
Q1 24
0.3%
15.8%
Cash Conversion
BWMN
BWMN
MGPI
MGPI
Q4 25
4.76×
Q3 25
1.54×
2.34×
Q2 25
0.71×
0.81×
Q1 25
Q4 24
2.02×
Q3 24
8.81×
1.84×
Q2 24
0.15×
Q1 24
1.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWMN
BWMN

Segment breakdown not available.

MGPI
MGPI

Branded Spirits$63.4M46%
Ingredient Solutions$31.3M23%
Specialty Wheat Starches$16.8M12%
Mid Spirits$16.1M12%
Other Branded Spirits$8.0M6%
Commodity Wheat Starch$2.3M2%

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