Baldwin Insurance Group, Inc.

BWIN Financial Insurance Brokers

Baldwin Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 8.34% from fiscal 2024.

Revenue
+30.1%
EPS
−740.0%
Free cash flow
+208.1%
Total debt
+52.7%

Quarter to June 2026, against a year earlier

31.98 0.16 −0.50%
Market cap
$4.5B
P/E
0.0×
Fwd P/E
−42.6×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Baldwin Insurance Group, Inc. (BWIN) Free cash flow margin

Alert me on Free cash flow margin

Baldwin Insurance Group, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 2.52%, up 7.1 percentage points from fiscal 2025 (−4.58%). Over the past ten years it has ranged from −4.58% (fiscal 2025) to 16.7% (fiscal 2017) — the current reading is the lowest in ten years. That is below the Insurance Brokers industry median of 3.58% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −4.58% (5.33)
FY2024 0.75% 2.50
FY2023 −1.75% 0.74
FY2022 −2.49% (8.63)
FY2021 6.14% (6.87)
FY2020 13.0% 5.54
FY2019 7.47% (6.64)
FY2018 14.1% (2.58)
FY2017 16.7% —

Against its own ten years

Low −4.58% High 16.7%
Ten-year median 6.14%
Current reading's percentile 11

Free cash flow margin against peers

Company Free cash flow margin
NP Neptune Insurance Holdings Inc. compare 39.5%
LIFE Ethos Technologies Inc. compare 19.3%
RYAN Ryan Specialty Holdings Inc. compare 15.3%
GSHD Goosehead Insurance compare 15.2%
ERIE Erie Indemnity Company compare 13.4%
BWIN Baldwin Insurance Group, Inc. 2.52%
ARX Accelerant Holdings compare 0.16%
CRVL CorVel Corp. compare 0.00%
TWFG TWFG, Inc. compare −2.63%
Insurance Brokers industry median 3.58%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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