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Baldwin Insurance Group, Inc.

BWIN

Companies in Insurance Agents, Brokers & Service

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Assets
Assets Current
Restricted Cash Current
-----165163152122105115107
Premiums Receivable At Carrying Value
670497416491408419656763702628595594
Assets Of Disposal Group Including Discontinued Op…
-----000064--
Property Plant And Equipment Net
312321212222212223232424
Liabilities Mezzanine Equ…
Liabilities
Liabilities Current
Business Combination Contingent Consideration Liab…
11591774514320120423021598116
Liabilities Of Disposal Group Including Discontinu…
-----000044--
Line Of Credit
191-66112--------
Secured Long Term Debt
2,1531,5661,5681,4951,4961,3981,3991,400967968970808
Business Combination Contingent Consideration Liab…
2201411103336661176178
Operating Lease Liability Noncurrent
755861646869697478798285
Deferred Income Tax Liabilities Net
5-----------
Other Liabilities Noncurrent
12800000000000
Liabilities
4,3912,7782,6662,6892,5002,5262,5022,6372,4382,4832,3502,368
Mezzanine Equity
Redeemable Noncontrolling Interest Equity Carrying…
111000000000
Stockholders Equity Inclu…
Stockholders Equity
Additional Paid In Capital
1,235844837831816794786773763747743733
Receivable From Shareholders Or Affiliates For Iss…
---------000
Retained Earnings Accumulated Deficit
-275-245-219-201-197-211-191-183-165-187-152-135
Accumulated Other Comprehensive Income Loss Net Of…
301--0------
Stockholders Equity
9641,0841,1286316205835955915985601,074599
Minority Interest
587484508419428425441452473458483498
Liabilities And Stockholders Equity
5,9433,8623,7943,7393,5493,5353,5393,6803,5103,5023,4233,465
Variable Interest Entity Primary Beneficiary
2-4---------
Common Class A
970017001165011
Common Class B
450-0-1480-1-1520-1-1
Cash And Cash Equivalents At Carrying Value
14612490106829018220811211679106
Prepaid Expense And Other Assets Current
211418151712131415131212
Assets Current
1,5941,2001,1061,2401,0561,0261,0141,137951926802818
Operating Lease Right Of Use Asset
836264677172757983858993
Other Assets Noncurrent
968269654948474440384245
Intangible Assets Net Excluding Goodwill
1,4859781,0179269389539699851,0001,0171,0451,063
Goodwill
2,6521,5171,5161,4211,4121,4121,4121,4121,4121,4121,4221,422
Assets
5,9433,8623,7943,7393,5493,5353,5393,6803,5103,5023,4233,465
Accrued Sales Commission Current
935169728773717486646665
Accounts Payable And Accrued Liabilities Current
286253222158157161164132132145131110
Notes Payable Current
-00006666222
Accrued Bonuses Current And Noncurrent
-0011833---8--
Liabilities Current
1,4741,0339601,0079331,0561,0321,1561,0531,033798827
Long Term Line Of Credit
-107---000334341324470

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-11.61%19.34%20.48%---------
2025-5.82%4.38%-0.66%-13.14%-21.50%-35.63%23.90%11.26%9.21%17.04%35.42%8.27%
202420.16%26.54%54.62%12.99%21.01%21.06%6.04%-15.88%-12.32%10.11%5.69%-1.61%
2023-8.72%4.34%4.80%10.34%-5.07%-13.81%-20.11%9.03%11.21%7.03%0.95%19.50%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Liquidity Ratios
Current Ratio
1.08
1.16
1.15
1.23
1.13
0.97
0.98
0.98
0.90
0.90
1.00
0.99
Quick Ratio
1.07
1.15
1.13
1.22
1.11
0.96
0.97
0.97
0.89
0.88
0.99
0.98
Working Capital
120.03M
166.96M
146.48M
232.22M
122.40M
-29.94M
-17.27M
-19.05M
-101.85M
-107.54M
3.62M
-8.89M
Leverage & Debt
Debt to Equity
4.56
2.56
2.36
4.26
4.04
2.51
4.20
4.46
4.08
2.44
2.19
3.96
Interest Coverage TTM
-0.64
0.61
0.67
0.77
0.68
0.49
0.29
0.17
-0.10
-0.36
-0.70
-1.06
Debt Ratio
0.74
0.72
0.70
0.72
0.70
0.71
0.71
0.72
0.69
0.71
0.69
0.68
Efficiency & Turnover
Asset Turnover TTM
0.34
0.41
0.41
0.39
0.40
0.39
0.39
0.37
0.36
0.35
0.34
0.33
Per Share Metrics
Diluted EPS TTM
-0.63
-0.50
-0.42
-0.10
-0.31
-0.39
-0.11
-0.26
-0.65
-1.50
-3.18
-3.32
Free Cash Flow Per Share TTM
-0.16
-1.01
-1.21
-1.37
-0.87
0.16
0.62
-0.01
0.58
0.39
0.27
0.26
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
46.83%
48.33%
46.25%
46.68%
46.51%
45.13%
41.62%
36.42%
30.51%
25.21%
25.84%
25.07%
Operating Profit Margin TTM
-5.13%
4.91%
5.49%
6.43%
5.81%
4.37%
2.71%
1.61%
-0.94%
-3.49%
-6.73%
-9.64%
Net Profit Margin TTM
-3.73%
-2.25%
-1.93%
-0.47%
-1.49%
-1.77%
-0.55%
-1.27%
-3.37%
-7.40%
-16.35%
-17.63%
Growth Metrics
Net Revenue Growth (1Y)
14.38%
8.34%
10.74%
11.66%
11.88%
13.99%
14.02%
15.47%
18.74%
24.25%
31.78%
47.14%
Net Income Growth (1Y)
185.91%
37.91%
289.95%
-59.01%
-50.37%
-72.80%
-96.18%
-91.69%
-71.03%
17.45%
-1,735.24%
-1,768.86%
EPS Growth (1Y)
101.38%
28.81%
263.84%
-61.96%
-53.53%
-74.22%
-96.39%
-92.09%
-72.51%
10.99%
-1,647.01%
-1,662.70%
Valuation Metrics
P/E TTM
-33.96
-48.28
-67.52
-427.85
-139.28
-100.31
-433.65
-134.86
-41.91
-16.02
-7.30
-7.46
P/B TTM
2.13
1.51
1.72
4.62
4.76
2.44
5.35
3.79
2.99
1.42
1.31
2.49
P/S TTM
1.27
1.08
1.30
1.99
2.08
1.77
2.37
1.71
1.41
1.19
1.19
1.31
Market Cap
2.06B
1.63B
1.94B
2.91B
2.95B
2.46B
3.19B
2.24B
1.79B
1.44B
1.41B
1.49B
Enterprise Value
3.76B
2.85B
3.18B
4.02B
4.15B
3.55B
4.25B
3.28B
2.53B
2.19B
2.18B
2.09B
Calculated Values
Free Cash Flow TTM
-14.77M
-68.95M
-83.31M
-93.25M
-57.37M
10.40M
39.48M
-894.00K
35.66M
23.27M
16.25M
15.57M
Net Debt
1.70B
1.22B
1.24B
1.11B
1.20B
1.09B
1.06B
1.05B
738.34M
742.75M
776.84M
596.30M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-14Sale
Owner: Cohen, Seth Bala
Title: General Counsel
Shares: 15,000
Price/Share: $20.01
Value: $300,150.00
Shares Owned: 14,024
Relationship: Officer
Ownership: Direct
2026-05-07Sale
Owner: Krystyn, Elizabeth
Title: -
Shares: 130,018
Price/Share: $21.19
Value: $2,755,081.42
Shares Owned: -
Relationship: Other
Ownership: Indirect
2026-03-06Sale
Owner: Krystyn, Elizabeth
Title: -
Shares: 119,987
Price/Share: $21.25
Value: $2,549,723.75
Shares Owned: -
Relationship: Other
Ownership: Indirect
2026-03-03Purchase
Owner: Sparks, Paul Eugene
Title: -
Shares: 15,200
Price/Share: $22.10
Value: $335,920.00
Shares Owned: 996,706
Relationship: Director
Ownership: Indirect
2025-12-15Sale
Owner: Roche, James Morgan
Title: See Remarks
Shares: 80,000
Price/Share: $24.34
Value: $1,947,200.00
Shares Owned: 42,113
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
123.32%
Inst. Shares: 115,674,203
Shares Outstanding: 93,798,000
2025-12-31
156.37%
Inst. Shares: 106,233,750
Shares Outstanding: 67,938,680
2025-09-30
149.17%
Inst. Shares: 102,339,341
Shares Outstanding: 68,604,951
2025-06-30
144.67%
Inst. Shares: 98,391,128
Shares Outstanding: 68,009,996
2025-03-31
137.39%
Inst. Shares: 90,770,001
Shares Outstanding: 66,067,000

Baldwin Insurance Group, Inc. (BWIN) — SEC Financial Statements & Analysis

Baldwin Insurance Group, Inc. (BWIN) is a insurance agents, brokers & service company, incorporated in DE. Baldwin Insurance Group, Inc. trades on Nasdaq as: BWIN. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Baldwin Insurance Group, Inc. reported a 14.38% year-over-year revenue growth, a Gross Profit Margin of 46.83% (TTM), a Debt-to-Equity ratio of 4.56x, a Price-to-Sales (P/S) ratio of 1.27x (TTM), a Price-to-Book (P/B) ratio of 2.13 (TTM), at a market cap of $2.06B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
14.38%
Gross Profit Margin TTM
46.83%
Debt To Equity
4.56x
P/S TTM
1.27x
P/B TTM
2.13
Market Cap
$2.06B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Baldwin Insurance Group, Inc. in?

Baldwin Insurance Group, Inc. (BWIN) operates in the Insurance Agents, Brokers & Service industry.

What is BWIN's market cap?

Baldwin Insurance Group, Inc. (BWIN) has a market capitalization of $2.06B as of 2026-03-31.

What exchange does BWIN trade on?

Baldwin Insurance Group, Inc. (BWIN) trades on the Nasdaq.

Where is Baldwin Insurance Group, Inc. incorporated?

Baldwin Insurance Group, Inc. is incorporated in DE.

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Baldwin Insurance Group, Inc. (BWIN) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 90+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.