Bowman Consulting Group Ltd. — Earnings Quality Grade F
BWMN · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 97 days, change +7 days YoY
AR growth 24.3% exceeds revenue growth 14.9%
Revenue 14.9%, CFFO 47.4%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -22.2% vs revenue 14.9%. Normal
SG&A/Gross Profit = 82.2%, exceeds 70%
Gross margin 53.4%, change +1.1pp. Stable
Cash Flow Quality
CFFO/NI = 2.79. Profits backed by cash
FCF $0.0B, FCF/NI = 2.57
Accruals ratio = -4.0%. Low accruals
Cash $0.0B covers only 5% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 101% of equity. Over 50%
Debt/EBITDA = 5.2x (>4x). Financial stress
Other assets 12.2% vs revenue 14.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles surged 31% YoY
Manipulation Score
M-Score = -2.59 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25