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

31.99 0.02 +0.06%
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) Operating margin

Alert me on Operating margin

Baldwin Insurance Group, Inc.'s operating margin over the twelve months to 30 June 2026 was −6.88%, down 11.8 percentage points from fiscal 2025 (4.91%). Over the past ten years it has ranged from −9.11% (fiscal 2020) to 11.9% (fiscal 2018); the current reading is higher than 89% of that period. That is below the Insurance Brokers industry median of 15.8% and below the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.91% 0.54
FY2024 4.37% 7.86
FY2023 −3.49% (0.32)
FY2022 −3.17% 2.40
FY2021 −5.57% 3.54
FY2020 −9.11% (5.43)
FY2019 −3.68% (15.61)
FY2018 11.9% 11.93
FY2017 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −1.69% 17.34
Mar 2026 −19.0% (15.22)
Dec 2025 −3.81% (4.69)
Sep 2025 0.88% (6.50)
26 more quarters

Against its own ten years

Low −9.11% High 11.9%
Ten-year median −3.17%
Current reading's percentile 19

Operating margin against peers

Company Operating margin
NP Neptune Insurance Holdings Inc. compare 41.3%
GSHD Goosehead Insurance compare 23.3%
ARX Accelerant Holdings compare 21.2%
ERIE Erie Indemnity Company compare 17.9%
TWFG TWFG, Inc. compare 17.3%
CRVL CorVel Corp. compare 15.9%
RYAN Ryan Specialty Holdings Inc. compare 15.6%
LIFE Ethos Technologies Inc. compare −4.30%
BWIN Baldwin Insurance Group, Inc. −6.88%
Insurance Brokers industry median 15.8%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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