The Baldwin Insurance Group, Inc. (BWIN)
NASDAQ: BWIN · Real-Time Price · USD
29.54
+0.94 (3.29%)
Aug 7, 2026, 4:00 PM EDT - Market closed

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%
Operating Income
-119.6373.9460.65-42.55-31.1-31.63
Net Income
-182.33-33.81-24.52-90.14-111.72-85.59
Earnings Per Share
-1.04-0.50-0.39-1.50-0.74-0.64
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 & Equivalents
610.69346.9312.77221.03230.47227.74
Total Debt
75.1357.6568.787987.6971.36
Net Cash (Debt)
-75.13-57.65-68.78-79-87.69-71.36
Net Cash Growth
------
Net Cash Per Share
-0.92-0.85-1.08-1.31-0.58-0.53

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
80.5-40.6450.976.14-2.4640.13
Capital Expenditures
-47.07-39.53-41.05-21.38-21.98-5.32
Free Cash Flow
33.44-80.179.92-15.24-24.4434.81
Free Cash Flow Growth
-----11.04%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
-6.88%4.91%4.37%-3.49%-3.17%-5.57%
Pretax Margin
-15.83%-3.48%-2.83%-13.35%-7.75%-10.24%
Profit Margin
-7.58%-3.60%-2.96%-13.46%-7.83%-10.25%
FCF Margin
1.92%-5.33%0.71%-1.25%-2.49%6.14%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
12.9512.4921.1216.2021.3733.00
P/FCF Ratio
130.18-265.72---
PS Ratio
2.371.151.90---