Bridgewater Bancshares, Inc. (BWB) Financial Ratios
10 years of historical data (2016–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
13.91
+19% vs avg
5yr avg: 11.70
30Y Low7.8·High14.0
P/FCF
↑
23.45
↑+90% vs avg
5yr avg: 12.33
30Y Low6.1·High22.9
P/B Ratio
↓
1.03
-4% vs avg
5yr avg: 1.07
30Y Low0.8·High1.7
ROE
↓
9.5%
-13% vs avg
5yr avg: 10.9%
30Y Low7%·High15%
Debt/EBITDA
↑
7.85
+17% vs avg
5yr avg: 6.73
30Y Low2.1·High9.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BWB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bridgewater Bancshares, Inc. trades at 12.3x earnings, 8% above its 5-year average of 11.4x, sitting at the 63rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 6%. On a free-cash-flow basis, the stock trades at 23.4x P/FCF, 90% above the 5-year average of 12.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $515M | $502M | $378M | $383M | $509M | $512M | $364M | $413M | $311M | — | — |
| Enterprise Value | $900M | $887M | $596M | $667M | $897M | $502M | $343M | $553M | $460M | — | — |
| P/E Ratio → | 12.34 | 11.69 | 13.12 | 10.65 | 10.31 | 11.49 | 13.43 | 13.12 | 11.59 | — | — |
| P/S Ratio | 1.77 | 1.72 | 1.50 | 1.69 | 3.00 | 3.82 | 3.02 | 3.84 | 3.54 | — | — |
| P/B Ratio | 1.03 | 0.97 | 0.82 | 0.90 | 1.29 | 1.35 | 1.37 | 1.69 | 1.41 | — | — |
| P/FCF | 23.45 | 22.87 | 8.93 | 14.16 | 6.10 | 9.59 | — | 17.26 | 12.09 | — | — |
| P/OCF | 18.52 | 18.06 | 8.14 | 12.75 | 5.98 | 9.45 | 15.83 | 10.46 | 10.56 | — | — |
P/E links to full P/E history page with 30-year chart
BWB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bridgewater Bancshares, Inc.'s enterprise value stands at 13.9x EBITDA, 19% above its 5-year average of 11.7x. The Financial Services sector median is 11.5x, placing the stock at a 21% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.04 | 2.37 | 2.94 | 5.30 | 3.74 | 2.84 | 5.14 | 5.25 | — | — |
| EV / EBITDA | 13.91 | 13.71 | 13.04 | 11.98 | 11.97 | 7.82 | 9.26 | 13.99 | 13.91 | — | — |
| EV / EBIT | 14.63 | 14.43 | 13.95 | 12.70 | 12.51 | 8.15 | 9.62 | 14.43 | 14.32 | — | — |
| EV / FCF | — | 40.38 | 14.10 | 24.66 | 10.76 | 9.39 | — | 23.09 | 17.92 | — | — |
BWB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bridgewater Bancshares, Inc. earns an operating margin of 21.1%, roughly in line with the Financial Services sector average. Operating margins have compressed from 23.1% to 21.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.5% is modest. ROIC of 4.8% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.2% | 47.2% | 41.4% | 48.4% | 75.4% | 81.7% | 67.2% | 69.9% | 72.6% | 76.3% | 77.9% |
| Operating Margin | 21.1% | 21.1% | 17.0% | 23.1% | 42.3% | 45.9% | 29.6% | 35.6% | 36.6% | 39.3% | 40.0% |
| Net Profit Margin | 15.8% | 15.8% | 13.1% | 17.6% | 31.5% | 34.0% | 22.5% | 29.2% | 30.7% | 24.5% | 24.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 9.5% | 7.4% | 9.8% | 13.8% | 14.2% | 10.7% | 13.5% | 15.0% | 13.4% | 11.5% |
| ROA | 0.9% | 0.9% | 0.7% | 0.9% | 1.4% | 1.4% | 1.0% | 1.5% | 1.5% | 1.2% | 1.0% |
| ROIC | 4.8% | 4.8% | 3.7% | 4.6% | 7.8% | 10.0% | 6.5% | 7.0% | 7.2% | 8.1% | 6.9% |
| ROCE | 2.7% | 2.7% | 4.6% | 6.8% | 12.3% | 12.9% | 8.2% | 9.2% | 10.0% | 12.1% | 11.1% |
BWB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bridgewater Bancshares, Inc. carries a Debt/EBITDA ratio of 7.9x, which is highly leveraged (90% above the sector average of 4.1x). Net debt stands at $385M ($508M total debt minus $124M cash). Interest coverage of just 0.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.98 | 0.98 | 0.99 | 0.97 | 1.21 | 0.36 | 0.54 | 0.71 | 0.82 | 0.97 | 1.01 |
| Debt / EBITDA | 7.85 | 7.85 | 9.90 | 7.41 | 6.36 | 2.10 | 3.84 | 4.41 | 5.49 | 4.75 | 5.28 |
| Net Debt / Equity | — | 0.74 | 0.48 | 0.67 | 0.99 | -0.03 | -0.08 | 0.57 | 0.68 | 0.77 | 0.82 |
| Net Debt / EBITDA | 5.95 | 5.95 | 4.78 | 5.10 | 5.18 | -0.17 | -0.57 | 3.53 | 4.53 | 3.79 | 4.32 |
| Debt / FCF | — | 17.51 | 5.17 | 10.50 | 4.66 | -0.20 | — | 5.83 | 5.83 | 4.47 | 7.44 |
| Interest Coverage | 0.41 | 0.41 | 0.30 | 0.45 | 2.11 | 3.18 | 1.33 | 1.29 | 1.57 | 2.22 | 2.50 |
BWB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.49x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.20x to 0.49x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.49 | 0.49 | 0.17 | 0.20 | 0.18 | 0.20 | 0.23 | 0.18 | 0.18 | 0.19 | 0.23 |
| Quick Ratio | 0.49 | 0.49 | 0.17 | 0.20 | 0.18 | 0.20 | 0.23 | 0.18 | 0.18 | 0.19 | 0.23 |
| Cash Ratio | 0.07 | 0.07 | 0.06 | 0.03 | 0.02 | 0.05 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BWB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bridgewater Bancshares, Inc. returns 1.2% to shareholders annually — split between a 0.8% dividend yield and 0.4% buyback yield. The earnings yield of 8.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 0.8% | 1.1% | 1.1% | 0.8% | 0.2% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 8.6% | 7.6% | 9.4% | 9.7% | 8.7% | 7.4% | 7.6% | 8.6% | — | — |
| FCF Yield | 4.3% | 4.4% | 11.2% | 7.1% | 16.4% | 10.4% | — | 5.8% | 8.3% | — | — |
| Buyback Yield | 0.4% | 0.4% | 1.6% | 1.3% | 2.3% | 0.5% | 2.8% | 3.6% | 0.0% | — | — |
| Total Shareholder Yield | 1.2% | 1.2% | 2.6% | 2.4% | 3.1% | 0.8% | 2.8% | 3.6% | 0.0% | — | — |
| Shares Outstanding | — | $29M | $28M | $28M | $29M | $29M | $29M | $30M | $29M | $29M | $30M |
Peer Comparison
Compare BWB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BWBYou | $515M | 12.3 | 13.9 | 23.4 | 47.2% | 21.1% | 9.5% | 4.8% | 7.9 |
 TCBK | $2B | 13.7 | 8.5 | 12.8 | 75.9% | 31.7% | 9.5% | 8.9% | 0.4 |
 NBTB | $2B | 13.5 | 10.4 | 10.7 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 FBIZ | $473M | 9.4 | 11.6 | 7.7 | 57.3% | 21.6% | 14.4% | 7.0% | 4.3 |
 MGYR | $115M | 11.3 | 10.6 | 11.7 | 60.3% | 23.6% | 8.5% | 6.7% | 3.3 |
 WAFD | $3B | 13.6 | 13.0 | 13.1 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 BANF | $4B | 17.6 | 1.0 | 16.8 | 68.5% | 30.3% | 14.2% | 12.8% | 0.3 |
 FFIN | $5B | 20.8 | 14.2 | 15.7 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 IBCP | $699M | 10.4 | 9.4 | 10.0 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 LCNB | $232M | 10.0 | 11.8 | 6.9 | 72.3% | 22.7% | 8.8% | 5.2% | 4.2 |
 CZWI | $203M | 14.4 | 15.3 | 19.6 | 54.7% | 7.0% | 7.9% | 2.0% | 5.8 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBWB — Frequently Asked Questions
Quick answers to the most common questions about buying BWB stock.
What is Bridgewater Bancshares, Inc.'s P/E ratio?
Bridgewater Bancshares, Inc.'s current P/E ratio is 12.3x. The historical average is 11.9x. This places it at the 63th percentile of its historical range.
What is Bridgewater Bancshares, Inc.'s EV/EBITDA?
Bridgewater Bancshares, Inc.'s current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
What is Bridgewater Bancshares, Inc.'s ROE?
Bridgewater Bancshares, Inc.'s return on equity (ROE) is 9.5%. The historical average is 11.9%.
Is BWB stock overvalued?
Based on historical data, Bridgewater Bancshares, Inc. is trading at a P/E of 12.3x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bridgewater Bancshares, Inc.'s dividend yield?
Bridgewater Bancshares, Inc.'s current dividend yield is 0.76%.
What are Bridgewater Bancshares, Inc.'s profit margins?
Bridgewater Bancshares, Inc. has 47.2% gross margin and 21.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Bridgewater Bancshares, Inc. have?
Bridgewater Bancshares, Inc.'s Debt/EBITDA ratio is 7.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.