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Baldwin Insurance Group BWIN · USD

Financials · US listing · 🇺🇸 United States

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32.15

+0.53%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$1.50bn

FY2017FY2025

Net income

−$33.8m

FY2017FY2025

Total assets

$3.86bn

FY2017FY2025

Shareholders' equity

$600.2m

FY2017FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue, before interest expense$1.50bn$1.38bn$1.21bn$969.5m$560.0m$231.7m$134.9m$78.8m$47.3m
Research and development——$0$0$0$0$0$0$0
Operating income$109.4m$60.6m−$42.6m−$31.1m−$31.6m−$1.4m−$5.1m$9.5m$5.8m
Net income−$33.8m−$24.5m−$90.1m−$41.8m−$30.6m−$15.7m−$8.7m−$624,000$1.7m
Diluted earnings per share-0.49-0.38-1.47-0.72-0.56-0.58-0.48-0.130.36

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets$3.86bn$3.53bn$3.50bn$3.46bn$2.88bn$1.53bn$398.8m$527,005$524,982
Cash and short-term investments$123.7m$148.1m$116.2m$118.1m$138.3m$108.5m$67.7m$8.0m$3.1m
Total liabilities$2.78bn$2.53bn$2.48bn$2.32bn$1.69bn$759.9m$161.5m$270.1m$96.8m
Debt$1.71bn$1.41bn$1.32bn$1.32bn$858.1m$391.5m$2.5m$156.9m$524,982
Shareholders' equity$600.2m$583.2m$560.4m$608.1m$608.4m$367.8m$73.3m$139.9m$45.0m
Shares outstanding69m65m61m58m55m27m18m5m5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense$492.9m$532.2m$347.3m$365.4m$374.3m$408.5m$323.4m$336.0m
Operating income−$8.3m−$89.3m$1.8m$3.2m$27.9m$56.0m−$5.5m$15.4m
Net income−$39.0m$2.3m−$25.9m−$18.7m−$3.2m$13.9m−$20.2m−$8.4m
Diluted earnings per share-0.560.03-0.37-0.27-0.050.20-0.31-0.13
Total assets$6.17bn$5.94bn$3.86bn$3.79bn$3.74bn$3.55bn$3.53bn$3.54bn
Cash and short-term investments$184.5m$146.4m$123.7m$89.7m$105.7m$81.8m$148.1m$344.7m
Debt$2.61bn$2.50bn$1.71bn$1.68bn$1.64bn$1.57bn$1.57bn$1.63bn
Shareholders' equity$884.4m$963.9m$600.2m$619.7m$630.8m$619.6m$583.2m$595.4m

Financial ratios

Data as of 28 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin4.6%4.0%1.5%0.1%2.4%-0.6%——
Net margin-2.2%-1.8%-7.5%-4.3%-5.5%-6.8%——
Return on equity-5.6%-4.2%-16.1%-6.9%-5.0%-4.3%——
Return on assets-0.9%-0.7%-2.6%-1.2%-1.1%-1.0%——
Revenue growth9.3%14.0%24.6%73.1%141.7%71.7%——
Earnings growth37.9%-72.8%115.8%36.3%95.2%81.5%——
Current ratio1.16x0.97x0.90x1.10x1.07x1.39x——
Debt to equity2.85x2.70x2.77x2.28x1.59x1.06x——
Equity ratio15.5%16.5%16.0%17.6%21.2%24.0%——
Interest coverage0.57x—0.16x0.02x0.50x-0.18x0.54x—
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value-6.6%-6.0%-5.4%-5.7%-103.2%-50.0%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue15.8%45.4%—
Net income-6.8%16.6%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings-49.1-102.4-16.3-34.9-64.7-51.5-33.4
Price to sales1.11.81.21.53.53.52.1

Market value over time

31 Oct 2019 to 27 Oct 2026, in USD

$283.5m$2.20bn

Share price return

Finished calendar years

2025202420232022202120202019
Return-39%69%-9%-23%8%89%-2%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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