Accelerant Holdings (ARX) vs Baldwin Insurance Group, Inc. (BWIN)

Accelerant Holdings and Baldwin Insurance Group, Inc. are both Insurance Brokers companies. Accelerant Holdings and Baldwin Insurance Group, Inc. are of similar size ($4.5B and $4.3B). Accelerant Holdings grew revenue faster over the last twelve months: 54.6% against 19.0%. Baldwin Insurance Group, Inc. has the higher net margin (−4.67% vs −119.3%) and the lower return on invested capital (−2.29% vs 0.00%). Across the 19 metrics below, Baldwin Insurance Group, Inc. leads on 10 and Accelerant Holdings on 9.

Valuation

Metric ARX BWIN Insurance Brokers median
P/E n/m n/m 25.35
P/S 3.76 1.70 2.10
P/B 5.80 2.08 2.81
Price to free cash flow 2,396.47 67.62 18.44
EV/EBITDA 9.84 62.31 12.36
EV/Sales 2.42 2.88 3.00
Earnings yield (33.67%) (3.26%) 2.64%
Free cash flow yield 0.04% 1.48% 2.30%

Profitability

Metric ARX BWIN Insurance Brokers median
Gross margin 100.00% 30.33% 42.95%
Operating margin 21.15% (6.88%) 15.37%
Net margin (119.27%) (4.67%) 8.77%
Free cash flow margin 0.16% 2.52% 3.89%
Return on equity (369.41%) (6.58%) 0.00%
Return on assets (16.63%) (1.64%) 2.23%
Return on invested capital 0.00% (2.29%) 5.27%

Growth

Metric ARX BWIN Insurance Brokers median
Revenue growth (TTM) 54.55% 18.95% 7.09%
EPS growth (last fiscal year) (6,630.08%) (28.21%) —
Revenue growth, 5-year CAGR — 44.25% 9.30%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric ARX BWIN Insurance Brokers median
Debt to equity 0.16 1.73 0.19
Current ratio 1.51 1.07 1.55
Net debt to EBITDA (7.35) 6.39 0.89

Dividend

Metric ARX BWIN Insurance Brokers median
Dividend yield — — 1.36%
Payout ratio — 0.00 0.00

Size

Metric ARX BWIN Insurance Brokers median
Market cap 4.29b 4.47b 1.44b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack