Bowhead Specialty (BOW) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
133.2M
Net Income
12.3M
9.27%
EPS (Diluted)
$0.36
Balance Sheet Metrics
Total Assets
1.8B
Total Liabilities
1.4B
Shareholders Equity
391.4M
Debt to Equity
3.48
Cash Flow Metrics
Operating Cash Flow
-40.1M
Free Cash Flow
46.5M
Revenue & Profitability Trend
Bowhead Specialty Income Statement From 2022 to 2024
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 425.6M | 283.4M | 187.6M |
| Cost of Goods Sold | - | - | - |
| Gross Profit | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||
| Research & Development | - | - | - |
| Selling, General & Administrative | - | - | - |
| Other Operating Expenses | 93.8M | 64.1M | 46.0M |
| Total Operating Expenses | 93.8M | 64.1M | 46.0M |
| Operating Income | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||
| Interest Income | - | - | - |
| Interest Expense | 725.0K | - | - |
| Other Non-Operating Income | 444.0K | 125.0K | 14.0K |
| Pre-tax Income | 50.5M | 32.1M | 14.7M |
| Income Tax | 12.3M | 7.1M | 3.4M |
| Effective Tax Rate % | 24.3% | 22.0% | 23.2% |
| Net Income | 38.2M | 25.0M | 11.3M |
| Net Margin % | 9.0% | 8.8% | 6.0% |
| Key Metrics | |||
| EBITDA | - | - | - |
| EPS (Basic) | $1.31 | $0.79 | $0.36 |
| EPS (Diluted) | $1.29 | $0.79 | $0.36 |
| Basic Shares Outstanding | 29261209 | 31529412 | 31529412 |
| Diluted Shares Outstanding | 29261209 | 31529412 | 31529412 |
Income Statement Trend
Bowhead Specialty Balance Sheet From 2022 to 2024
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Assets | |||
| Current Assets | |||
| Cash & Equivalents | 97.5M | 118.1M | 64.7M |
| Short-term Investments | 890.0M | 563.4M | 282.9M |
| Accounts Receivable | 318.7M | 38.8M | 29.5M |
| Inventory | - | - | - |
| Other Current Assets | - | - | - |
| Total Current Assets | - | - | - |
| Non-Current Assets | |||
| Property, Plant & Equipment | - | - | - |
| Goodwill | - | - | - |
| Intangible Assets | - | - | - |
| Long-term Investments | - | - | - |
| Other Non-Current Assets | - | - | - |
| Total Non-Current Assets | - | - | - |
| Total Assets | 1.7B | - | - |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | 51.9M | 40.4M | 23.7M |
| Short-term Debt | - | - | - |
| Current Portion of Long-term Debt | - | - | - |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | - | - | - |
| Non-Current Liabilities | |||
| Long-term Debt | - | - | - |
| Deferred Tax Liabilities | - | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Non-Current Liabilities | - | - | - |
| Total Liabilities | 1.3B | - | - |
| Equity | |||
| Common Stock | 327.0K | 0 | 0 |
| Retained Earnings | 62.9M | 24.7M | -381.0K |
| Treasury Stock | - | - | - |
| Other Equity | - | - | - |
| Total Shareholders Equity | 370.4M | 192.1M | 83.4M |
| Key Metrics | |||
| Total Debt | 0 | 0 | 0 |
| Working Capital | 0 | 0 | 0 |
Balance Sheet Composition
Bowhead Specialty Cash Flow Statement From 2022 to 2024
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 38.2M | 25.0M | 11.3M |
| Depreciation & Amortization | - | - | - |
| Stock-Based Compensation | 4.1M | 683.0K | 368.0K |
| Working Capital Changes | -139.0M | -78.0M | -52.1M |
| Operating Cash Flow | -101.8M | -56.1M | -42.8M |
| Investing Activities | |||
| Capital Expenditures | -3.1M | -3.8M | -4.0M |
| Acquisitions | - | - | - |
| Investment Purchases | -612.9M | -367.2M | -198.3M |
| Investment Sales | 290.2M | 96.3M | 14.8M |
| Investing Cash Flow | -325.9M | -274.8M | -187.5M |
| Financing Activities | |||
| Share Repurchases | 0 | 0 | -25.0M |
| Dividends Paid | - | - | - |
| Debt Issuance | - | - | - |
| Debt Repayment | - | - | - |
| Financing Cash Flow | 133.8M | 155.3M | -2.0M |
| Free Cash Flow | 291.2M | 232.4M | 177.7M |
| Net Change in Cash | -293.8M | -175.5M | -232.2M |
Cash Flow Trend
Bowhead Specialty Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
20.30
Forward P/E
18.33
Price to Book
2.43
Price to Sales
2.17
PEG Ratio
0.23
Profitability Ratios
Profit Margin
10.05%
Operating Margin
13.11%
Return on Equity
13.23%
Return on Assets
2.53%
Financial Health
Current Ratio
1.32
Debt to Equity
0.88
Per Share Data
EPS (TTM)
$1.49
Book Value per Share
$12.44
Revenue per Share
$15.05
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| bow | 1.1B | 20.30 | 2.43 | 13.23% | 10.05% | 0.88 |
| Progressive | 146.9B | 14.12 | 4.51 | 37.29% | 12.66% | 21.15 |
| Chubb | 109.3B | 12.11 | 1.58 | 13.63% | 16.00% | 28.98 |
| Stewart Information | 2.0B | 22.69 | 1.38 | 7.24% | 3.29% | 39.81 |
| Skyward Specialty | 2.0B | 15.36 | 2.18 | 16.26% | 10.53% | 13.29 |
| Horace Mann | 1.8B | 13.21 | 1.34 | 10.91% | 8.50% | 40.25 |
Financial data is updated regularly. All figures are in the company's reporting currency.