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The Baldwin Insurance Group, Inc. logo

The Baldwin Insurance Group, Inc.

BWIN

NASDAQFinancial ServicesInsurance - Brokers

Open in GoAI

Previous close

$31.90

+$0.45 · +1.43%

Aug 21, 4:00 PM ET

BWIN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

88

Deep Value

Momentum

59

Neutral

Sentiment

50

Mixed

Risk resilience

39

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Industry
Insurance - Brokers
Sector
Financial Services
Headquarters
US

Market position

Day range

Current $31.90

52-week range

Current $31.90

Open
$31.62
Previous close
$31.45
Volume
552.84K
Market cap
2.59B USD
50-day average
$26.6526
+19.69% above average
200-day average
$23.6356
+34.97% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.28B USD
P/E (TTM)
-27.36×
P/B (TTM)
2.49×
P/S (TTM)
1.49×
EV / EBITDA
16.66×
Earnings yield
-2.07%
Free cash flow yield
-4.22%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
9.58%
Operating margin
-5.33%
Net margin
-4.67%
Return on equity
-5.63%
Return on assets
-0.88%
Return on invested capital
3.81%

Financial health

Debt / equity
3.04×
Current ratio
1.16×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%18%3%-11%Gross margin, FY2021: 28.56%Gross margin, FY2022: 25.79%Gross margin, FY2023: 24.54%Gross margin, FY2024: 25.01%Gross margin, FY2025: 12.76%Operating margin, FY2021: -5.65%Operating margin, FY2022: -3.21%Operating margin, FY2023: -3.52%Operating margin, FY2024: 4.41%Operating margin, FY2025: 7.27%Net margin, FY2021: -5.47%Net margin, FY2022: -4.31%Net margin, FY2023: -7.46%Net margin, FY2024: -1.78%Net margin, FY2025: -2.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.56%. Gross margin FY2022 25.79%. Gross margin FY2023 24.54%. Gross margin FY2024 25.01%. Gross margin FY2025 12.76%. Operating margin FY2021 -5.65%. Operating margin FY2022 -3.21%. Operating margin FY2023 -3.52%. Operating margin FY2024 4.41%. Operating margin FY2025 7.27%. Net margin FY2021 -5.47%. Net margin FY2022 -4.31%. Net margin FY2023 -7.46%. Net margin FY2024 -1.78%. Net margin FY2025 -2.25%.

Income trends

Revenue

1.5B USD+9.35%

Operating income

109.35M USD+80.31%

Net income

−33.81M USD-37.91%
Income trends across reported periods1.66B USD1.03B USD388.37M USD−249.64M USDRevenue, FY2021: 559.97M USDRevenue, FY2022: 969.49M USDRevenue, FY2023: 1.21B USDRevenue, FY2024: 1.38B USDRevenue, FY2025: 1.5B USDOperating income, FY2021: −31.63M USDOperating income, FY2022: −31.1M USDOperating income, FY2023: −42.55M USDOperating income, FY2024: 60.65M USDOperating income, FY2025: 109.35M USDNet income, FY2021: −30.65M USDNet income, FY2022: −41.77M USDNet income, FY2023: −90.14M USDNet income, FY2024: −24.52M USDNet income, FY2025: −33.81M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 559.97M USD. Revenue FY2022 969.49M USD. Revenue FY2023 1.21B USD. Revenue FY2024 1.38B USD. Revenue FY2025 1.5B USD. Operating income FY2021 −31.63M USD. Operating income FY2022 −31.1M USD. Operating income FY2023 −42.55M USD. Operating income FY2024 60.65M USD. Operating income FY2025 109.35M USD. Net income FY2021 −30.65M USD. Net income FY2022 −41.77M USD. Net income FY2023 −90.14M USD. Net income FY2024 −24.52M USD. Net income FY2025 −33.81M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.5B USD1.38B USD1.21B USD969.49M USD559.97M USD
Cost of goods sold1.31B USD1.03B USD911.35M USD719.45M USD400.05M USD
Gross profit191.98M USD344.2M USD296.39M USD250.05M USD159.92M USD
Operating expenses82.63M USD283.55M USD338.94M USD281.14M USD191.55M USD
Interest expense121.43M USD—119.47M USD71.07M USD26.9M USD
Depreciation and amortization127.83M USD108.92M USD98.4M USD86.36M USD51.51M USD
Operating income109.35M USD60.65M USD−42.55M USD−31.1M USD−31.63M USD
Net income−33.81M USD−24.52M USD−90.14M USD−41.77M USD−30.65M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 2 misses, 2 met estimates
Average EPS surprise
+4.37%
11 comparable reports
Latest EPS result
0.48
Estimate 0.47 · Beat by 1.95%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.690.540.380.23Q1 '25MetQ2 '25MetQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 0.27, estimate 0.27, surprise 0.00%, Met estimate. Q2 2025, reported May 6, 2025: actual 0.65, estimate 0.65, surprise 0.00%, Met estimate. Q3 2025, reported Aug 5, 2025: actual 0.42, estimate 0.41, surprise +2.44%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.31, estimate 0.3, surprise +3.33%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.31, estimate 0.29, surprise +6.90%, Beat. Q2 2026, reported May 4, 2026: actual 0.63, estimate 0.64, surprise -1.56%, Miss. Q3 2026, reported Jul 30, 2026: actual 0.48, estimate 0.471, surprise +1.95%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates553.52M469.73M385.94M302.15MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 323.44M USD, estimate 327.42M USD, surprise -1.22%, Miss. Q2 2025, reported May 6, 2025: actual 408.53M USD, estimate 379.25M USD, surprise +7.72%, Beat. Q3 2025, reported Aug 5, 2025: actual 374.31M USD, estimate 365M USD, surprise +2.55%, Beat. Q4 2025, reported Nov 4, 2025: actual 365.39M USD, estimate 351.75M USD, surprise +3.88%, Beat. Q1 2026, reported Feb 26, 2026: actual 347.28M USD, estimate 352.19M USD, surprise -1.39%, Miss. Q2 2026, reported May 4, 2026: actual 532.24M USD, estimate 524.07M USD, surprise +1.56%, Beat. Q3 2026, reported Jul 30, 2026: actual 492.94M USD, estimate 492.33M USD, surprise +0.12%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 491.01M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$32.50

1.88% upside
Past 12 months12-month forecastHigh $37.00Average $32.50Low $28.00

Rating distribution

9 ratings
Strong buy111%
Buy556%
Hold333%
Sell00%
Strong sell00%

Recent analyst actions

9 institutions

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$61.55

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ETFs holding BWIN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
79.14M
Weight
0.10%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
60.52M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
43.52M
Weight
0.02%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
28.66M
Weight
0.19%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
25.6M
Weight
0.03%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
24.97M
Weight
0.06%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
State Street SPDR S&P Insurance ETF logoState Street SPDR S&P Insurance ETFKIE
Market value
19.72M
Weight
2.81%
AUM
701.12M USD
Expense ratio
0.35%
Price / 1D
$63.41+0.33%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
15.26M
Weight
0.09%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%

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