Baldwin Insurance Group, Inc.
BWIN Nasdaq· Insurance Agents, Brokers & Service
Last close · Oct 26, 2026
$31.99
KIRA · Stoqly’s AI analyst, in plain words
- Baldwin Insurance Group, Inc. had $1.5B of revenue in fiscal 2025, up 8.3% on the year before.
- Its operating margin was 4.9%, up 0.5 pts: of every 100 in sales, about 5 is left after running the business.
- Baldwin Insurance Group, Inc. lost $33.8M in fiscal 2025.
- Free cash flow was −$68.9M in fiscal 2025, −4.6% of revenue.
- Baldwin Insurance Group, Inc. has $111M more cash than debt.
Market cap
$3.0B
P/E
—
Revenue
$1.5B
Net income
−$33.8M
Free cash flow
−$68.9M
Operating margin
4.9%
Baldwin Insurance Group, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+8.3%
Yes. Sales grew 8.3% last year.
Does it make a profit?
−2.2%
No. It lost money last year.
Does profit turn into cash?
−4.6%
No. It spent more cash than it brought in.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Baldwin Insurance Group, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Baldwin Insurance Group, Inc.
- CIK
- 0001781755
Baldwin Insurance Group, Inc. · BWIN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $567M | $981M | $1.2B | $1.4B | $1.5B |
| Revenue growth | — | 72.9% | 24.3% | 14.0% | 8.3% |
| Net interest income | −$26.9M | −$71.1M | −$119M | −$124M | −$121M |
| Operating margin | −5.6% | −3.2% | −3.5% | 4.4% | 4.9% |
| Net income | −$30.6M | −$41.8M | −$90.1M | −$24.5M | −$33.8M |
| Net margin | −5.4% | −4.3% | −7.4% | −1.8% | −2.2% |
| Diluted EPS | −$0.64 | −$0.74 | −$1.50 | −$0.39 | −$0.50 |
| Cash | |||||
| Cash from operations | $40.1M | −$2.5M | $0.0M | $51.5M | −$29.4M |
| Capital expenditure | $5.3M | $22.0M | $21.4M | $41.0M | $39.5M |
| Free cash flow | $34.8M | −$24.4M | −$21.3M | $10.4M | −$68.9M |
| FCF margin | 6.1% | −2.5% | −1.8% | 0.7% | −4.6% |
| Share count change | 75.1% | 19.4% | 5.8% | 5.5% | 7.1% |
| Debt and strength | |||||
| Cash and short-term investments | $138M | $118M | $116M | $90.0M | $124M |
| Debt incl. finance leases | $8.5M | $8.5M | $10.2M | $8.4M | $12.6M |
| Shareholders' equity | $608M | $608M | $560M | $583M | $600M |
| Net debt / EBITDA | −6.5x | −2.0x | −1.9x | −0.5x | −0.6x |
| Current ratio | 1.1x | 1.1x | 0.9x | 1.0x | 1.2x |
| Returns and quality | |||||
| Return on capital | −5.2% | −4.9% | −7.4% | 9.6% | 11.9% |
| Return on equity | −6.3% | −6.9% | −15.4% | −4.3% | −5.7% |
| Piotroski F-score | 4 | 4 | 3 | 6 | 2 |
| Altman Z'' | 0.3 | 0.3 | −0.2 | 0.1 | 0.4 |
Insiders bought, 12 months
$1.0M
1 insider
Insiders sold, 12 months
$13.3M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Baldwin Insurance Group, Inc. · BWIN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $31.99 a share, the company is worth $3.0B.
Source: SEC EDGAR XBRL filings (CIK 0001781755). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.