The Baldwin Insurance Group, Inc. (BWIN)
NASDAQ: BWIN · Real-Time Price · USD
31.38
-0.52 (-1.63%)
Aug 24, 2026, 3:10 PM EDT - Market open

BWIN Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,7381,5051,3891,219980.72567.29
Revenue Growth
18.95%8.34%13.99%24.25%72.88%135.47%
Gross Profit
543.28454.43362.75325.72261.28167.24
Operating Income
-71.9786.3261.4637.051.2113.57
Net Income
-81.24-33.81-24.52-90.14-41.77-30.65
Earnings Per Share
-1.00-0.50-0.39-1.50-0.74-0.64
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commission
1,3421,1861,130967.55786.79472.5
Profit-Sharing
105.4494.0995.5393.4466.0937.39
Consulting and Service Fee
136.295.3778.1774.6461.2430.18
Policy Fee and Installment Fee
82.9278.6460.7265.3955.3619.9
Assumed Premium Earned
42.2722.57----
Other Income
15.7516.5412.7910.8211.237.32
Investment Income
13.2911.211.926.73--
Revenue (Total)
1,7381,5051,3891,219980.72567.29

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
184.5123.6790.05116.21118.09138.29
Total Debt
2,5661,7611,4981,4171,4271,004
Net Cash (Debt)
-2,381-1,638-1,408-1,300-1,309-865.22
Net Cash Growth
------
Net Cash Per Share
-29.38-24.11-22.19-21.63-23.03-18.18

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
90.77-29.4251.450.05-2.4640.13
Capital Expenditures
-59.12-39.99-41.32-23.49-25.34-8.53
Free Cash Flow
31.66-69.4110.14-23.45-27.831.6
Free Cash Flow Growth
-----7.13%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
31.26%30.20%26.11%26.73%26.64%29.48%
Operating Margin
-4.14%5.74%4.42%3.04%0.12%2.39%
Pretax Margin
-15.83%-3.48%-2.83%-13.35%-7.75%-10.24%
Profit Margin
-4.67%-2.25%-1.76%-7.40%-4.26%-5.40%
FCF Margin
1.82%-4.61%0.73%-1.92%-2.83%5.57%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
13.7612.4921.1216.2021.3733.00
P/FCF Ratio
137.65-258.38--65.07
PS Ratio
2.511.141.891.271.583.62