Bowhead Specialty Holdings (BOW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Bowhead Specialty Holdings

NYSE•Financial Services•Insurance - Property & Casualty

$33.65+0.01(<0.01%)Market closed

Market Cap

$1.11B

P/E

17.8x

P/S

1.8x

P/B

2.3x

Bowhead Specialty Holdings Inc. provides commercial specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions, including directors and officers liability, errors and omissions liability, employment practices liability, fiduciary liability, fidelity liability and miscellaneous professional liability, crime insurance, and cyber for financial institutions; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and management liability segments. In addition, it offers Baleen Specialty, a technology-powered underwriting operation, that specializes in small to mid-sized risks that are not eligible in the admitted market. It distributes its products through distribution partners in wholesale and retail markets. The company was formerly known as Bowhead Holdings Inc. and changed its name to Bowhead Specialty Holdings Inc. in March 2024. The company was founded in 2020 and is based in New York, New York.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Cash & Earnings Quality (18/25).

Profitability18/25

Growth18/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality18/25

Strengths

Low leverageCash-backed earningsConsistent free cash flowProfit converts from growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.8x5y range 12.5x – 26.7x

Currently near its 6-quarter median.

P/S · 1.8x5y range 1.2x – 2.4x

Currently near its 6-quarter median.

P/B · 2.3x5y range 1.6x – 3.4x

Price & Volume

Market Cap $1.11B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $615.16M
Q. Revenue: $163.86M
TTM EBITDA: $81.31M
TTM Op. Income: $78.14M
Q. Op. Income: $20.66M
TTM Net Income: $62.17M
Q. Net Income: $16.14M
EPS: $0.49
Shares Out.: $32.89M

$615.16M in TTM revenue grew 5.6% YoY, reaching $163.86M last quarter. TTM EBITDA of $81.31M and TTM operating income of $78.14M show growth is flowing through to the bottom line. TTM net income of $62.17M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 13.0%
Op. Margin: 12.6%
Net Margin: 9.8%

Op. margin of 12.6% is up 0.7% YoY — cost efficiency is improving. Net margin at 9.8% Over the past year, operating margin is up 6% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.8x
P/S Ratio: 1.8x
P/B Ratio: 2.3x

At 17.8x P/E, the stock trades within typical market levels. P/S of 1.8x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 18% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.68B
Cash: $141.75M
Long-Term Debt: $146.57M
Book Value: $472.36M
D/E Ratio: 0.3
Debt/EBITDA: 6.9

With $2.68B in assets and $146.57M in long-term debt, D/E is 0.3and book value is $472.36M — a conservative capital structure with a cushion to weather downturns. Across the last 3 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $93.88M
TTM Free Cash Flow: $328.81M
FCF Margin: 53.5%
FCF / Net Income: 5.3

TTM FCF of $328.81M on $93.88M in operating cash flow. The FCF / Net Income ratio of 5.3x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 1% — a weakening trend.