BWIN · Baldwin Insurance Group, Inc.
$28.22
-0.41 (-1.43%)
At close · Jul 29
Earnings today
Market Cap
$4.02B
Shares
142.57M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
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 |
|---|---|---|---|---|---|---|---|---|---|
| $1.62B | $1.5B | $1.39B | $1.22B | $980.72M | $567.29M | — | — | — | |
| -$130.35M | -$121.43M | -$123.64M | -$119.47M | -$71.07M | -$26.9M | -$7.86M | -$10.64M | -$6.63M | |
| $150.48M | $121.32M | $102.73M | $92.7M | $81.74M | $48.72M | $19.04M | $10.01M | $2.58M | |
| $157.44M | $127.83M | $108.92M | $98.4M | $86.36M | $51.51M | $20.17M | $10.55M | $3.09M | |
| $344.43M | $183.22M | $138.94M | $140.39M | $126.96M | — | — | — | — | |
| $1.71B | $1.43B | $1.33B | $1.26B | $1.01B | $598.92M | $262.86M | $142.91M | $70.35M | |
| -$83.35M | $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% | — | — | — | |
| $74.1M | $201.77M | $169.57M | $55.85M | $55.26M | $19.88M | -$1.77M | $5.48M | $12.62M | |
| -$141.27M | -$126.73M | -$100M | -$120.18M | -$44.94M | -$26.48M | -$7.95M | -$17.37M | -$6.84M | |
| — | $368K | $0 | $0 | — | — | — | — | — | |
| -$223.74M | -$52.43M | -$39.35M | -$162.73M | -$76.03M | -$58.1M | -$29.89M | -$22.44M | $2.69M | |
| -$142.79M | $1.73M | $1.73M | $1.29M | $715K | $19K | -$5000 | $17K | $0 | |
| -$45.41M | -$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% | — | — | — | |
| -$35.54M | -$20.34M | -$16.56M | -$73.88M | -$34.98M | -$27.47M | -$14.19M | -$13.8M | $3.31M | |
| -$45.41M | -$33.81M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | -$8.65M | — | |
| -$42.67M | -$33.32M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | -$8.65M | -$624K | |
| USD/shares | — | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
| USD/shares | — | -$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 | 17.92M | — |
| shares | — | 67.94M | 63.46M | 60.13M | 56.83M | 47.59M | 27.18M | 17.92M | — |
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.
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 4.98×
EV/EBIT
—
Peer median 29.92×
P/E (TTM)
—
Peer median 39.96×
Peer medians compare against the 10 similar-size Insurance Brokers companies (of 18 listed).
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% |
Key facts
CIK
1781755
CUSIP
05589G102
13F (30d)
45 filings
44 filers
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