Saturday 17 October 2026 Export BWIN’s income statement to Excel — free account

Baldwin Insurance Group, Inc.

Baldwin Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 8.34% from fiscal 2024. In the quarter to June 2026, revenue grew 30.1%, EPS fell 740.0%, free cash flow grew 208.1% and total debt rose 52.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

31.91 0.02 −0.06%

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Market cap: $4.5B
P/E: 0.0×
Fwd P/E: −46.5×
Dividend yield: —
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	5	3	6	4	4	6	4
P/E ratio Full definition →	272.83	272.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P/S ratio Full definition →	0.00	0.00	2.09	3.38	3.03	1.45	1.17	1.77	1.08
P/FCF ratio Full definition →	0.00	0.00	27.93	25.98	49.37	0.00	0.00	236.40	0.00
P/Operating CF Full definition →	0.00	0.00	(112.55)	134.71	131.30	100.07	(62.53)	(1,068.89)	158.98
P/B ratio Full definition →	0.00	0.00	1.21	1.06	1.45	1.25	1.40	2.44	1.51
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	0.00	0.00	1.87	4.39	4.27	2.60	2.10	2.59	2.00
EV/EBITDA Full definition →	0.00	0.00	37.90	0.00	103.61	42.25	41.94	20.47	14.49
EV/Operating CF Full definition →	2.46	2.46	21.42	28.73	60.39	(1,036.22)	55,601.23	69.80	(102.17)
EV/FCF Full definition →	2.66	2.66	25.00	33.74	69.62	(104.38)	(119.91)	345.21	(43.59)
Quick Ratio Full definition →	0.00	1.13	1.78	1.37	1.05	1.09	0.82	0.96	1.15
Current Ratio Full definition →	—	1.16	1.83	1.39	1.07	1.10	0.90	0.97	1.16
Net Debt/EBITDA Full definition →	0.00	5.09	(4.52)	(316.46)	30.14	18.73	17.84	6.19	6.39
Debt/Assets Full definition →	55.56%	52.04%	10.12%	25.19%	32.42%	39.33%	37.38%	39.55%	43.32%
Debt/Equity Full definition →	(0.62)	(1.16)	0.17	0.50	0.79	1.19	1.29	1.39	1.54
Asset Turnover Full definition →	0.52	0.86	0.51	0.25	0.26	0.31	0.35	0.39	0.41
Operating CF/Net income Full definition →	4.71	(18.90)	(1.39)	(2.35)	(1.31)	0.06	0.00	(2.10)	0.87
Capex/Depreciation Full definition →	—	(0.16)	(0.14)	(0.26)	(0.10)	(0.24)	(0.21)	(0.36)	(0.30)
Interest Coverage Full definition →	—	1.44	(0.48)	(2.79)	(1.18)	(0.44)	(0.36)	0.49	0.61
ROE Full definition →	(3.28%)	1.21%	(9.91%)	(3.12%)	(3.13%)	(3.59%)	(8.35%)	(2.42%)	(3.23%)
ROA Full definition →	1.84%	(0.68%)	(3.21%)	(1.63%)	(1.39%)	(1.32%)	(2.59%)	(0.70%)	(0.91%)
ROIC Full definition →	0.00%	296.15%	(1.53%)	(1.35%)	(1.04%)	(0.86%)	(1.26%)	1.81%	1.92%
Return on Tangible Assets Full definition →	170.33%	(8.30%)	(13.64%)	(16.42%)	(55.54%)	(42.37%)	106.27%	307.55%	(17.85%)
Average Days of Receivables Full definition →	0.00	134.27	155.68	235.59	219.30	197.99	188.05	184.49	203.54
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →	0.78	0.68	0.64	0.79	0.76	0.73	0.69	0.67	0.65
Share Based Compensation of Revenue Full definition →	0.00%	1.75%	2.38%	3.21%	3.38%	4.83%	4.92%	4.72%	4.73%
Graham Net Nets Full definition →	0.00	0.00	(0.10)	(0.56)	(0.65)	(1.09)	(1.09)	(0.61)	(0.97)
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	0.37%	0.37%	(3.24%)	(1.63%)	(1.61%)	(2.84%)	(6.30%)	(0.95%)	(2.00%)
Free Cash Flow Yield Full definition →	0.00%	0.00%	3.58%	3.85%	2.03%	(1.72%)	(1.50%)	0.42%	(4.22%)
Revenue per Share Full definition →	2.55	4.24	7.69	8.87	11.92	17.26	20.26	21.89	22.15
Operating CF per Share Full definition →	0.43	0.63	0.67	1.35	0.84	(0.04)	0.00	0.81	(0.43)
Capex per Share Full definition →	0.00	(0.03)	(0.10)	(0.20)	(0.11)	(0.39)	(0.36)	(0.65)	(0.58)
Free Cash Flow per Share Full definition →	0.43	0.60	0.57	1.15	0.73	(0.43)	(0.35)	0.16	(1.01)
Cash per Share Full definition →	0.16	0.42	3.97	5.23	4.79	4.06	3.68	4.93	5.11
Shareholders Equity per Share Full definition →	(2.12)	(3.33)	13.24	28.33	24.95	20.05	16.94	15.89	15.95
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(2.12)	(3.33)	13.24	28.33	24.95	20.05	16.94	15.89	15.95
Free Cash Flow Full definition →	8.02	11.27	10.30	31.35	34.81	(24.44)	(21.33)	10.40	(68.94)
Working Capital Full definition →	—	5.37	60.10	84.57	37.70	73.19	(107.53)	(29.94)	166.96
Capital Expenditures Full definition →	(0.43)	(0.52)	(1.72)	(5.47)	(5.32)	(21.98)	(21.38)	(41.05)	(39.53)
Net Current Asset Value Full definition →	(39.00)	(163.99)	(28.59)	(458.05)	(1,110.63)	(1,550.23)	(1,557.54)	(1,499.90)	(1,578.62)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	59.22	40.65
Capex to Sales Full definition →	0.00	0.01	0.01	0.02	0.01	0.02	0.02	0.03	0.03
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	40.55	22.08
Other line items
Depreciation/Fixed assets Full definition →	0.00	1.49	3.57	1.92	3.15	3.60	4.56	5.22	5.93
Cash ROIC Full definition →	(66.80%)	62.60%	2.95%	2.42%	1.48%	(0.89%)	(0.84%)	0.38%	(2.22%)
Accounts Receivable Turnover Full definition →	0.00	1.81	3.13	2.25	2.29	2.25	2.10	2.09	1.95
Accounts Payable Turnover Full definition →	0.00	3.59	2.28	1.60	1.56	1.64	1.59	1.55	1.42
Inventory Turnover Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	0.00	191.86	218.39	335.07	321.05	266.46	248.26	252.66	266.25
Days of Inventory on Hand Full definition →	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	—	44.09	44.09	107.15	248.17	436.41	579.89	664.94	770.63
Average Payables Full definition →	14.40	14.40	42.58	108.92	255.86	438.55	572.55	667.13	742.79
Average Assets Full definition →	92.50	92.41	269.30	964.34	2,203.11	3,169.24	3,482.06	3,518.33	3,698.48
Average Common Equity Full definition →	(52.00)	(51.38)	87.25	503.56	978.58	1,163.42	1,079.02	1,013.42	1,046.11

Fold the line items

Columns are period end dates

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