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Stocks · Financials · Fire, Marine & Casualty Insurance

Bowhead Specialty Holdings Inc.

BOW Clue Score70
United States Fiscal year ends December CIK 0002002473
$34.03 -0.21% Close, 9 Oct 2026
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Price $34.03 +31.04% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 23 May 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2022Revenue187.6Net income11.3EPS, diluted0.47Fiscal year 2023Revenue283.4 +51.1%Net income25.0 +122.5%EPS, diluted1.04 +121.3%Fiscal year 2024Revenue425.7 +50.2%Net income38.2 +52.7%EPS, diluted1.29 +24.0%Fiscal year 2025Revenue551.6 +29.6%Net income53.8 +40.6%EPS, diluted1.59 +23.3%
FY2022FY2023FY2024FY2025
Revenue 187.6 283.4 425.7 551.6
Growth +51.1% +50.2% +29.6%
Net income 11.3 25.0 38.2 53.8
Growth +122.5% +52.7% +40.6%
EPS, diluted 0.47 1.04 1.29 1.59
Growth +121.3% +24.0% +23.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2022Net margin6.0%Free cash flow margin94.7%Fiscal year 2023Net margin8.8%Free cash flow margin82.0%Fiscal year 2024Net margin9.0%Free cash flow margin68.4%Fiscal year 2025Net margin9.8%Free cash flow margin59.1%
FY2022FY2023FY2024FY2025
Net margin 6.0% 8.8% 9.0% 9.8%
Free cash flow margin 94.7% 82.0% 68.4% 59.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow181.6Capital expenditure−4.0Free cash flow177.7Fiscal year 2023Operating cash flow236.2Capital expenditure−3.8Free cash flow232.4 +30.8%Fiscal year 2024Operating cash flow294.3Capital expenditure−3.1Free cash flow291.2 +25.3%Fiscal year 2025Operating cash flow331.6Capital expenditure−5.6Free cash flow326.0 +12.0%
FY2022FY2023FY2024FY2025
Operating cash flow 181.6 236.2 294.3 331.6
Capital expenditure −4.0 −3.8 −3.1 −5.6
Free cash flow 177.7 232.4 291.2 326.0
Growth +30.8% +25.3% +12.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash64.7Fiscal year 2023Cash118.1Shareholders’ equity192.1Fiscal year 2024Cash97.5Total debt0.0Net cash (debt)97.5Shareholders’ equity370.2Debt to equity0.00Fiscal year 2025Cash193.5Total debt146.4Net cash (debt)47.1Shareholders’ equity448.3Debt to equity0.33
FY2022FY2023FY2024FY2025
Cash 64.7 118.1 97.5 193.5
Total debt n/a n/a 0.0 146.4
Net cash (debt) n/a n/a 97.5 47.1
Shareholders’ equity n/a 192.1 370.2 448.3
Debt to equity n/a n/a 0.00 0.33

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
7.8% 11.3% 11.9% 12.2%
6.0% 8.8% 9.0% 9.8%
94.7% 82.0% 68.4% 59.1%
Spending
2.1% 1.3% 0.7% 1.0%
23.2% 22.0% 24.3% 20.1%
Returns
n/a 13.0% 10.3% 12.0%
n/a 2.4% 2.3% 2.3%
Balance and payout
n/a n/a 0.00 0.33
n/a 81.3% 77.6% 81.1%