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Baldwin Insurance Group, Inc. BWIN

Nasdaq · stock · Insurance Agents, Brokers & Service · website · IPO 2019-10-24

Baldwin Insurance Group, Inc. statistics & valuation

Market cap$3.7B
P / S2.5×
P / B3.4×
Net margin-2.2%
Return on equity-3.1%
Return on capital2.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-5.40% -4.30% -7.40% -1.80% -2.20% 20182019202020212022202320242025
Gross margin (%)
20182019202020212022202320242025
Operating margin (%)
-5.60% -3.20% -3.50% 4.40% 4.90% 20182019202020212022202320242025
Return on equity (%)
-3.60% -2.00% -2.60% -3.70% -8.90% -2.40% -3.10% 20182019202020212022202320242025
Shares outstanding
27.2M 47.6M 56.8M 60.1M 63.5M 67.9M 20182019202020212022202320242025
Net debt ($)
-$6.5M -$67.7M $290.5M 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
-0.40% -2.20% -1.00% -1.10% -1.20% -2.60% -0.70% -0.90% 20182019202020212022202320242025
Free cash flow margin (%)
6.10% -2.50% -1.80% 20182019202020212022202320242025
Debt / equity (×)
0.00× 0.52× 20182019202020212022202320242025
EPS ($)
-$0.58 -$0.64 -$0.74 -$1.50 -$0.39 -$0.50 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin4.9%4.4%-3.5%-3.2%-5.6%———
Net margin-2.2%-1.8%-7.4%-4.3%-5.4%———
FCF margin——-1.8%-2.5%6.1%———
Return on assets-0.9%-0.7%-2.6%-1.2%-1.1%-1.0%-2.2%-0.4%
Return on equity-3.1%-2.4%-8.9%-3.7%-2.6%-2.0%-3.6%1.0%
Debt / equity—————0.52×0.00×-0.02×
Current ratio1.160.970.901.101.071.391.831.16

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.