The Baldwin Insurance Group, Inc. (BWIN)
NASDAQ: BWIN · Real-Time Price · USD
31.27
-0.63 (-1.97%)
Aug 24, 2026, 4:00 PM EDT - Market closed
BWIN Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 1,725 | 1,494 | 1,377 | 1,212 | 980.72 | 567.29 |
Other Revenue | 13.29 | 11.2 | 11.92 | 6.73 | - | - |
| 1,738 | 1,505 | 1,389 | 1,219 | 980.72 | 567.29 | |
Revenue Growth | 18.95% | 8.34% | 13.99% | 24.25% | 72.88% | 135.47% |
Cost of Revenue | 1,195 | 1,050 | 1,026 | 892.84 | 719.45 | 400.05 |
Gross Profit | 543.28 | 454.43 | 362.75 | 325.72 | 261.28 | 167.24 |
Selling, General & Admin | 22.04 | 22.04 | 26.68 | 26.87 | 22.99 | 15.94 |
Amortization of Goodwill & Intangibles | 180.5 | 121.32 | 102.73 | 92.7 | 81.74 | 48.72 |
Other Operating Expenses | 404.63 | 218.24 | 165.69 | 163.4 | 150.71 | 86.22 |
Operating Expenses | 615.26 | 368.11 | 301.29 | 288.67 | 260.07 | 153.67 |
Operating Income | -71.97 | 86.32 | 61.46 | 37.05 | 1.21 | 13.57 |
Interest Expense | -144.7 | -121.43 | -123.64 | -119.47 | -71.07 | -26.9 |
Earnings From Equity Investments | 1.54 | 0.37 | - | - | - | - |
Other Non Operating Income (Expenses) | -1.03 | 0.64 | -0.19 | -0.72 | 26.14 | 0.42 |
EBT Excluding Unusual Items | -216.15 | -34.11 | -62.38 | -83.14 | -43.73 | -12.91 |
Gain (Loss) on Sale of Assets | - | 0.29 | 38.95 | - | - | - |
Other Unusual Items | -41.33 | -18.61 | -15.92 | -79.6 | -32.31 | -45.2 |
Pretax Income | -275.18 | -52.43 | -39.35 | -162.73 | -76.03 | -58.1 |
Income Tax Expense | -143.39 | 1.73 | 1.73 | 1.29 | 0.72 | 0.02 |
Earnings From Continuing Operations | -131.79 | -54.15 | -41.08 | -164.02 | -76.75 | -58.12 |
Minority Interest in Earnings | 50.55 | 20.34 | 16.56 | 73.88 | 34.98 | 27.47 |
Net Income | -81.24 | -33.81 | -24.52 | -90.14 | -41.77 | -30.65 |
Net Income to Common | -81.24 | -33.81 | -24.52 | -90.14 | -41.77 | -30.65 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 81 | 68 | 63 | 60 | 57 | 48 |
Shares Outstanding (Diluted) | 81 | 68 | 63 | 60 | 57 | 48 |
Shares Change | 23.31% | 7.07% | 5.52% | 5.82% | 19.41% | 75.11% |
EPS (Basic) | -1.00 | -0.50 | -0.39 | -1.50 | -0.74 | -0.64 |
EPS (Diluted) | -1.00 | -0.50 | -0.39 | -1.50 | -0.74 | -0.64 |
EPS Growth | - | - | - | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 31.66 | -69.41 | 10.14 | -23.45 | -27.8 | 31.6 |
Free Cash Flow Per Share | 0.39 | -1.02 | 0.16 | -0.39 | -0.49 | 0.66 |
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% |
Profit Margin | -4.67% | -2.25% | -1.76% | -7.40% | -4.26% | -5.40% |
Free Cash Flow Margin | 1.82% | -4.61% | 0.73% | -1.92% | -2.83% | 5.57% |
EBITDA | 116.62 | 214.15 | 170.38 | 135.45 | 87.57 | 65.08 |
EBITDA Margin | 6.71% | 14.23% | 12.27% | 11.12% | 8.93% | 11.47% |
D&A For EBITDA | 188.59 | 127.83 | 108.92 | 98.4 | 86.36 | 51.51 |
EBIT | -71.97 | 86.32 | 61.46 | 37.05 | 1.21 | 13.57 |
EBIT Margin | -4.14% | 5.74% | 4.42% | 3.04% | 0.12% | 2.39% |
Revenue as Reported | 1,738 | 1,505 | 1,389 | 1,219 | 980.72 | 567.29 |