BWIN · Baldwin Insurance Group, Inc. · Financials
Market Cap
$4.45B
Shares
139.50M
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$1.5B
+8.3%
FY2025
Net Income
-$33.81M
-37.9%
FY2025
Operating Margin
4.91%
+0.5pp
FY2025
Diluted EPS
-$0.50
-28.2%
FY2025
Operating Cash Flow
-$29.42M
-157.2%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| $1.74B | $1.5B | $1.39B | $1.22B | $980.72M | $567.29M | — | — | — | |
| -$144.7M | -$121.43M | -$123.64M | -$119.47M | -$71.07M | -$26.9M | -$7.86M | -$10.64M | -$6.63M | |
| $180.5M | $121.32M | $102.73M | $92.7M | $81.74M | $48.72M | $19.04M | $10.01M | $2.58M | |
| $188.59M | $127.83M | $108.92M | $98.4M | $86.36M | $51.51M | $20.17M | $10.55M | $3.09M | |
| $376.68M | $183.22M | $138.94M | $140.39M | $126.96M | — | — | — | — | |
| $1.86B | $1.43B | $1.33B | $1.26B | $1.01B | $598.92M | $262.86M | $142.91M | $70.35M | |
| -$119.63M | $73.94M | $60.65M | -$42.55M | -$31.1M | -$31.63M | -$21.94M | -$5.07M | $9.53M | |
| — | 4.91% | 4.37% | -3.49% | -3.17% | -5.57% | — | — | — | |
| $68.96M | $201.77M | $169.57M | $55.85M | $55.26M | $19.88M | -$1.77M | $5.48M | $12.62M | |
| -$157.09M | -$126.73M | -$100M | -$120.18M | -$44.94M | -$26.48M | -$7.95M | -$17.37M | -$6.84M | |
| $1.54M | $368K | $0 | $0 | — | — | — | — | — | |
| -$275.18M | -$52.43M | -$39.35M | -$162.73M | -$76.03M | -$58.1M | -$29.89M | -$22.44M | $2.69M | |
| -$143.39M | $1.73M | $1.73M | $1.29M | $715K | $19K | -$5000 | $17K | $0 | |
| -$81.24M | -$33.81M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | -$8.65M | -$624K | |
| — | -2.25% | -1.77% | -7.4% | -4.26% | -5.4% | — | — | — | |
| -$50.55M | -$20.34M | -$16.56M | -$73.88M | -$34.98M | -$27.47M | -$14.19M | -$13.8M | $3.31M | |
| -$81.24M | -$33.81M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | — | — | |
| -$76.22M | -$33.32M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | -$8.65M | -$624K | |
| USD/shares | -$1.06 | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
| USD/shares | -$1.05 | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
| shares | — | 67.94M | 63.46M | 60.13M | 56.83M | 47.59M | 27.18M | — | — |
| shares | — | 67.94M | 63.46M | 60.13M | 56.83M | 47.59M | 27.18M | — | — |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Debt data is being processed. Please check back later.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Peer median 4.24×
EV/EBIT
—
Peer median 25.49×
P/E (TTM)
—
Peer median 30.79×
Peer medians compare against the 11 similar-size Insurance Brokers companies (of 25 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Insurance Advisory Solutions | $727,324,000 | $711,936,000 | $646,075,000 | $573,742,000 | — |
| Underwriting Capacity Technology Solutions | $549,452,000 | $472,939,000 | $404,539,000 | $292,782,000 | — |
| Mainstreet Insurance Solutions | $297,747,000 | $281,283,000 | $234,697,000 | $157,038,000 | — |
| Corporate And Other | -$69,639,000 | -$77,121,000 | -$66,756,000 | -$42,842,000 | -$2,723,000 |
| Insurance Advisory Solutions | — | — | — | — | $363,822,000 |
| Mainstreet Insurance Solutions | — | — | — | — | $61,736,000 |
| Underwriting Capacity Technology Solutions | — | — | — | — | $144,455,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Commission Revenue | $1,186,469,000 | $1,129,903,000 | $967,552,000 | $786,794,000 | — | — | — |
| Consulting and Service Fee Revenue | $95,373,000 | $78,168,000 | $74,637,000 | $61,244,000 | — | — | — |
| Profit Sharing Revenue | $94,090,000 | $95,532,000 | $93,437,000 | $66,091,000 | — | — | — |
| Policy Fee and Installment Fee Revenue | $78,642,000 | $60,719,000 | $65,386,000 | $55,362,000 | — | — | — |
| Earned Premium | $22,571,000 | $0 | $0 | — | — | — | — |
| Other Insurance Product Line | $16,535,000 | $12,794,000 | $10,816,000 | $11,229,000 | $7,318,000 | $9,240,000 | $2,926,000 |
| Agency Bill Revenue | — | — | — | — | — | $91,662,000 | $43,619,000 |
| Commission Revenue | — | — | — | — | $472,495,000 | $196,537,000 | — |
| Consulting and Service Fee Revenue | — | — | — | — | $30,182,000 | $3,509,000 | $2,709,000 |
| Direct Bill Revenue | — | — | — | — | — | $104,875,000 | $70,835,000 |
| Policy Fee and Installment Fee Revenue | — | — | — | — | $19,903,000 | $15,236,000 | $8,154,000 |
| Profit Sharing Revenue | — | — | — | — | $37,392,000 | $16,397,000 | $9,598,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Mainstreet Insurance Solutions | $29,494,000 | $18,224,000 | $8,026,000 | — | — |
| Underwriting Capacity Technology Solutions | $27,130,000 | $34,661,000 | $4,524,000 | — | — |
| Insurance Advisory Solutions | $23,258,000 | $21,532,000 | $10,859,000 | — | — |
| Corporate And Other | -$122,433,000 | -$105,515,000 | -$55,035,000 | -$31,043,000 | -$13,590,000 |
| Mainstreet Segment | — | — | — | $2,901,000 | $6,528,000 |
| Medicare Segment | — | — | — | $3,263,000 | $3,283,000 |
| Middle Market Segment | — | — | — | $13,005,000 | $9,611,000 |
| Specialty Segment | — | — | — | -$10,064,000 | -$10,900,000 |
Operating Margin by Segment (%)
| Component | FY2021 |
|---|---|
| Insurance Advisory Solutions | 3% |
| Mainstreet Insurance Solutions | 13% |
| Underwriting Capacity Technology Solutions | 3.1% |