The Baldwin Insurance Group, Inc. (BWIN)
NASDAQ: BWIN · Real-Time Price · USD
28.79
+0.16 (0.56%)
Jul 29, 2026, 11:49 AM EDT - Market open

BWIN Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,6241,5051,3891,219980.72567.29
Revenue Growth
14.18%8.34%13.99%24.25%72.88%135.47%
Operating Income
-83.3573.9460.65-42.55-31.1-31.63
Net Income
-116.49-74.5-57.64-237.9-111.72-85.59
Earnings Per Share
-0.67-0.50-0.39-1.50-0.74-0.64
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commission
1,2681,1861,130967.55786.79472.5
Profit-Sharing
95.8694.0995.5393.4466.0937.39
Consulting and Service Fee
118.6995.3778.1774.6461.2430.18
Policy Fee and Installment Fee
81.478.6460.7265.3955.3619.9
Assumed Premium Earned
32.4522.57----
Other Income
15.4516.5412.7910.8211.237.32
Investment Income
11.711.211.926.73--
Revenue (Total)
1,6241,5051,3891,219980.72567.29

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Equivalents
456.12346.9312.77221.03230.47227.74
Total Debt
74.5857.6568.787987.6971.36
Net Cash (Debt)
-74.58-57.65-68.78-79-87.69-71.36
Net Cash Growth
------
Net Cash Per Share
-0.43-0.85-1.08-1.31-0.58-0.53

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
18.22-40.6450.976.14-2.4640.13
Capital Expenditures
-43.26-39.53-41.05-21.38-21.98-5.32
Free Cash Flow
-25.04-80.179.92-15.24-24.4434.81
Free Cash Flow Growth
-----11.04%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
-5.13%4.91%4.37%-3.49%-3.17%-5.57%
Pretax Margin
-13.78%-3.48%-2.83%-13.35%-7.75%-10.24%
Profit Margin
-4.99%-3.60%-2.96%-13.46%-7.83%-10.25%
FCF Margin
-1.54%-5.33%0.71%-1.25%-2.49%6.14%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
13.1312.4921.1216.2021.3733.00
P/FCF Ratio
--265.72---
PS Ratio
2.511.151.90---