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) Net margin

Alert me on Net margin

Baldwin Insurance Group, Inc.'s net margin over the twelve months to 30 June 2026 was −4.67%, down 2.4 percentage points from fiscal 2025 (−2.25%). Over the past ten years it has ranged from −7.40% (fiscal 2023) to 3.55% (fiscal 2017); the current reading is higher than 67% of that period. That is below the Insurance Brokers industry median of 8.19% and below the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −2.25% (0.48)
FY2024 −1.77% 5.63
FY2023 −7.40% (3.14)
FY2022 −4.26% 1.14
FY2021 −5.40% 1.12
FY2020 −6.52% (0.24)
FY2019 −6.28% (5.50)
FY2018 −0.78% (4.33)
FY2017 3.55% —

Quarterly newest first

Period Net margin Change (points)
Jun 2026 −7.91% (8.35)
Mar 2026 0.44% 7.89
Dec 2025 −7.45% (2.32)
Sep 2025 −5.13% (4.29)
26 more quarters

Against its own ten years

Low −7.40% High 3.55%
Ten-year median −4.26%
Current reading's percentile 33

Net margin against peers

Company Net margin
NP Neptune Insurance Holdings Inc. compare 22.7%
ERIE Erie Indemnity Company compare 14.0%
CRVL CorVel Corp. compare 12.0%
GSHD Goosehead Insurance compare 8.78%
RYAN Ryan Specialty Holdings Inc. compare 3.22%
TWFG TWFG, Inc. compare 2.66%
BWIN Baldwin Insurance Group, Inc. −4.67%
LIFE Ethos Technologies Inc. compare −16.9%
ARX Accelerant Holdings compare −119.3%
Insurance Brokers industry median 8.19%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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