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BOW Financials Bowhead Specialty Holdings Inc.

4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 43.3% per year over the past 3 years.
  • Net income has grown faster than revenue (68.4% vs 43.3% per year).
  • Free cash flow has grown 22.4% per year over the past 3 years.

Financial health

  • The company holds more cash ($194M) than total debt ($146M).
Revenue & net income
$0 $276M $552M 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 5% 10% 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 7% 13% 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
$0 $163M $326M 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $97M $194M 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$464M -$66M $332M $0 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $552M $54M 0.0% 0.0% 12.0% 2.3% $326M $146M $194M
2024 $426M $38M 0.0% 0.0% 10.3% 2.3% $291M $0 $97M
2023 $283M $25M 0.0% 0.0% 13.0% 2.4% $232M — $118M
2022 $188M $11M 0.0% 0.0% — — $178M — $65M

Valuation over time

How the market has priced BOW against its own fundamentals since 2024-05 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 24.2 48.5 May '24 Sep '24 Jan '25 May '25 Sep '25 Jan '26 May '26 Sep '26
P/E
Price / sales (P/S)
0.0 2.1 4.3 May '24 Sep '24 Jan '25 May '25 Sep '25 Jan '26 May '26 Sep '26
P/S

Frequently asked questions

Is BOW growing its revenue and profit?

Over the past 3 years, Bowhead Specialty Holdings Inc.'s revenue has grown 43.3% per year, and net income grown 68.4% per year. These are computed facts, not advice.

How much debt does BOW have?

As of FY2025, Bowhead Specialty Holdings Inc. reported $146M of total debt against $194M of cash.

What is BOW's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 9.8%.

What is BOW's P/E ratio?

Bowhead Specialty Holdings Inc.'s P/E (TTM) is 18.03 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BOW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 20.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.