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Friday 6 November 2026 Export BWIN’s income statement to Excel — free account

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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Baldwin Insurance Group, Inc. (BWIN) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Baldwin Insurance Group, Inc. (BWIN) trades at a P/B ratio of 2.1×. Over the past ten years it has ranged from 0.0× (December 2019) to 3.4× (October 2024); the current reading is higher than 80% of that period. That is below the Insurance Brokers industry median of 3.0× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.5× (38.25%)
FY2024 2.4× 74.60%
FY2023 1.4× 12.10%
FY2022 1.2× (13.89%)
FY2021 1.4× 36.81%
FY2020 1.1× (12.72%)
FY2019 1.2× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.7× 30.77%
Mar 2026 1.3× (11.92%)
Dec 2025 1.5× (12.24%)
Sep 2025 1.7× (38.11%)
26 more quarters

Against its own ten years

Low 0.0× High 3.4×
Ten-year median 1.4×
Current reading's percentile 79

P/B ratio against peers

Company P/B ratio
GSHD Goosehead Insurance compare n/m
NP Neptune Insurance Holdings Inc. compare n/m
TWFG TWFG, Inc. compare 1.4×
BWIN Baldwin Insurance Group, Inc. 2.1×
LIFE Ethos Technologies Inc. compare 4.1×
ERIE Erie Indemnity Company compare 5.1×
ARX Accelerant Holdings compare 5.8×
RYAN Ryan Specialty Holdings Inc. compare 6.5×
CRVL CorVel Corp. compare 10.0×
Insurance Brokers industry median 3.0×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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