BOWHEAD SPECIALTY HLDGS INC Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
BOWHEAD SPECIALTY HLDGS INC's revenue surged 50.2% year-over-year to $425.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
BOWHEAD SPECIALTY HLDGS INC has elevated debt relative to equity (D/E of 3.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
BOWHEAD SPECIALTY HLDGS INC converts 68.4% of revenue into free cash flow ($291.2M). This strong cash generation earns a score of 100/100.
BOWHEAD SPECIALTY HLDGS INC's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 13.0% the prior year.
BOWHEAD SPECIALTY HLDGS INC passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, BOWHEAD SPECIALTY HLDGS INC generates $7.70 in operating cash flow ($294.3M OCF vs $38.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows BOWHEAD SPECIALTY HLDGS INC (BOW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
BOWHEAD SPECIALTY HLDGS INC generated $425.7M in revenue in fiscal year 2024. This represents an increase of 50.2% from the prior year.
BOWHEAD SPECIALTY HLDGS INC generated $291.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 25.3% from the prior year.
BOWHEAD SPECIALTY HLDGS INC reported $38.2M in net income in fiscal year 2024. This represents an increase of 52.7% from the prior year.
BOWHEAD SPECIALTY HLDGS INC earned $1.29 per diluted share (EPS) in fiscal year 2024. This represents an increase of 24.0% from the prior year.
BOWHEAD SPECIALTY HLDGS INC held $97.5M in cash against $0 in long-term debt as of fiscal year 2024.
BOWHEAD SPECIALTY HLDGS INC had 33M shares outstanding in fiscal year 2024. This represents an increase of 36.1% from the prior year.
BOWHEAD SPECIALTY HLDGS INC's net profit margin was 9.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
BOWHEAD SPECIALTY HLDGS INC's ROE was 10.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the prior year.
BOWHEAD SPECIALTY HLDGS INC invested $3.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 18.5% from the prior year.
BOW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $143.9M+8.0% | $133.3M+8.6% | $122.7M+2.8% | $119.3M+20.7% | $98.9M+9.1% | $90.7M | N/A | $76.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $262K+0.4% | $261K+5.7% | $247K-0.8% | $249K+11.2% | $224K | $0 | N/A | $0 |
| Income Tax | $3.9M+10.0% | $3.6M+17.4% | $3.0M-34.4% | $4.6M+147.4% | $1.9M-8.2% | $2.0M | N/A | $2.6M |
| Net Income | $15.2M+23.0% | $12.3M+8.0% | $11.4M-16.0% | $13.6M+145.9% | $5.5M-21.1% | $7.0M | N/A | $8.7M |
| EPS (Diluted) | $0.45+25.0% | $0.36+5.9% | $0.34-22.7% | $0.44+120.0% | $0.20 | $0.29 | N/A | $0.36 |
BOW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+7.8% | $1.9B+10.8% | $1.8B+6.0% | $1.7B+18.6% | $1.4B | N/A | $1.0B | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $197.9M+72.3% | $114.8M+30.4% | $88.0M-9.7% | $97.5M-45.9% | $180.3M+145.4% | $73.5M-37.8% | $118.1M-6.8% | $126.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7B+8.4% | $1.5B+12.7% | $1.4B+6.1% | $1.3B+21.7% | $1.1B | N/A | $835.8M | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $430.2M+5.7% | $407.2M+4.2% | $391.0M+5.6% | $370.2M+8.9% | $339.9M | N/A | $192.1M | N/A |
| Retained Earnings | $101.9M+17.5% | $86.7M+16.6% | $74.3M+18.2% | $62.9M+69.1% | $37.2M | N/A | $24.7M | N/A |
BOW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $114.7M+5.3% | $109.0M+128.4% | $47.7M-22.3% | $61.4M-14.1% | $71.5M+70.6% | $41.9M-31.7% | $61.4M-30.5% | $88.3M |
| Capital Expenditures | $1.3M-19.2% | $1.6M+26.7% | $1.2M+143.2% | $507K-35.9% | $791K-2.1% | $808K-12.6% | $924K-15.2% | $1.1M |
| Free Cash Flow | $113.5M+5.6% | $107.4M+131.1% | $46.5M-23.7% | $60.9M-13.9% | $70.7M+72.0% | $41.1M-32.0% | $60.5M-30.7% | $87.2M |
| Investing Cash Flow | -$30.2M+54.3% | -$66.2M+54.8% | -$146.3M-12702.2% | -$1.1M+98.7% | -$89.1M-12.6% | -$79.1M+21.5% | -$100.8M-71.4% | -$58.8M |
| Financing Cash Flow | $0 | $0 | $0-100.0% | $64K-100.0% | $131.0M+4513.7% | $2.8M-88.5% | $24.6M+11.5% | $22.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BOW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 10.5%+1.3pp | 9.3%-0.1pp | 9.3%-2.1pp | 11.4%+5.8pp | 5.6%-2.1pp | 7.7% | N/A | 11.4% |
| Return on Equity | 3.5%+0.5pp | 3.0%+0.1pp | 2.9%-0.8pp | 3.7%+2.1pp | 1.6% | N/A | N/A | N/A |
| Return on Assets | 0.7%+0.1pp | 0.6%0.0pp | 0.7%-0.2pp | 0.8%+0.4pp | 0.4% | N/A | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 3.87+0.1 | 3.77+0.3 | 3.48+0.0 | 3.47+0.4 | 3.10 | N/A | 4.35 | N/A |
| FCF Margin | 78.8%-1.8pp | 80.6%+42.7pp | 37.9%-13.2pp | 51.0%-20.5pp | 71.5%+26.2pp | 45.3% | N/A | 114.6% |
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Frequently Asked Questions
What is BOWHEAD SPECIALTY HLDGS INC's annual revenue?
BOWHEAD SPECIALTY HLDGS INC (BOW) reported $425.7M in total revenue for fiscal year 2024. This represents a 50.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BOWHEAD SPECIALTY HLDGS INC's revenue growing?
BOWHEAD SPECIALTY HLDGS INC (BOW) revenue grew by 50.2% year-over-year, from $283.4M to $425.7M in fiscal year 2024.
Is BOWHEAD SPECIALTY HLDGS INC profitable?
Yes, BOWHEAD SPECIALTY HLDGS INC (BOW) reported a net income of $38.2M in fiscal year 2024, with a net profit margin of 9.0%.
What is BOWHEAD SPECIALTY HLDGS INC's earnings per share (EPS)?
BOWHEAD SPECIALTY HLDGS INC (BOW) reported diluted earnings per share of $1.29 for fiscal year 2024. This represents a 24.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is BOWHEAD SPECIALTY HLDGS INC's net profit margin?
BOWHEAD SPECIALTY HLDGS INC (BOW) had a net profit margin of 9.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is BOWHEAD SPECIALTY HLDGS INC's return on equity (ROE)?
BOWHEAD SPECIALTY HLDGS INC (BOW) has a return on equity of 10.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is BOWHEAD SPECIALTY HLDGS INC's free cash flow?
BOWHEAD SPECIALTY HLDGS INC (BOW) generated $291.2M in free cash flow during fiscal year 2024. This represents a 25.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BOWHEAD SPECIALTY HLDGS INC's operating cash flow?
BOWHEAD SPECIALTY HLDGS INC (BOW) generated $294.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are BOWHEAD SPECIALTY HLDGS INC's total assets?
BOWHEAD SPECIALTY HLDGS INC (BOW) had $1.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are BOWHEAD SPECIALTY HLDGS INC's capital expenditures?
BOWHEAD SPECIALTY HLDGS INC (BOW) invested $3.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does BOWHEAD SPECIALTY HLDGS INC have outstanding?
BOWHEAD SPECIALTY HLDGS INC (BOW) had 33M shares outstanding as of fiscal year 2024.
What is BOWHEAD SPECIALTY HLDGS INC's debt-to-equity ratio?
BOWHEAD SPECIALTY HLDGS INC (BOW) had a debt-to-equity ratio of 3.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BOWHEAD SPECIALTY HLDGS INC's return on assets (ROA)?
BOWHEAD SPECIALTY HLDGS INC (BOW) had a return on assets of 2.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is BOWHEAD SPECIALTY HLDGS INC's Piotroski F-Score?
BOWHEAD SPECIALTY HLDGS INC (BOW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BOWHEAD SPECIALTY HLDGS INC's earnings high quality?
BOWHEAD SPECIALTY HLDGS INC (BOW) has an earnings quality ratio of 7.70x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is BOWHEAD SPECIALTY HLDGS INC?
BOWHEAD SPECIALTY HLDGS INC (BOW) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.