Bowman Consulting is a U.S.-focused professional services firm that provides engineering, technical consulting, and program management services to customers who own, build, and maintain infrastructure. Bowman does not construct — it designs, plans, surveys, and manages projects. Core services include infrastructure engineering and design (civil, structural, power, transportation), geospatial and survey services (LiDAR, aerial imaging, drone surveys, GIS mapping), and digital advisory services (digital twins, asset condition monitoring, predictive analytics). Geospatial services are particularly central, running across all end markets and accounting for roughly 26% of gross revenue. Bowman organizes its business into four verticals: Building Infrastructure (~45% of revenue), Power, Utilities & Energy (~22%), Transportation (~21%), and Natural Resources (~11%). Customers span state and local transportation departments, utilities, data center developers, real estate developers, and federal agencies; no single customer exceeds 5% of revenue. Bowman earns fees on a fixed-fee or time-and-materials basis, and targets a high self-performance rate, with ~89% of revenue self-performed rather than subcontracted. Profitability is driven by labor utilization and operating leverage as revenue scales faster than overhead. Acquisitions are a core growth driver — Bowman has completed 41 acquisitions since its 2021 IPO, typically buying smaller private engineering firms and integrating them to expand geographies, service lines, and customer relationships. Longer-term, management aims to extend customer engagement into operations and maintenance phases to generate more recurring revenue.