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Baldwin Insurance Group(NASDAQ) BWIN

Market Cap$2.79BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2019)+76%
5 Year+4%
1 Year-21%
1 Month+6%
$28.82
-0.14%
-0.04Today
After hours$28.80-$0.02 (-0.07%)
Baldwin Insurance Group last closing stock price
MetricPriceDate
Last closeUSD 28.772026-08-05
Baldwin Insurance Group stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.95%USD 28.222026-07-29
1 month+6.2%USD 27.092026-07-06
3 month+37.13%USD 20.982026-05-07
Year to date+19.73%USD 24.032025-12-31
1 year-21.09%USD 36.462025-08-05
3 year+16.29%USD 24.742023-08-04
5 year+4.05%USD 27.652021-08-06
Since inception+76.3%USD 16.372019-10-24

Baldwin Insurance Group Financials at a Glance

Market Cap

$2.79BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.74B

Net Income (TTM)

-$81.24M

EPS (TTM)

-$1.04

P/E Ratio

-27.57

Dividend

$0.00

Beta (Volatility)

1.24 (Average)

Price

$28.82

Volume

857,108

Open

$29.00

Previous Close

$28.77

Daily Range

$28.16 - $29.00

52-Week Range

$15.88 - $34.79

Estimated Earnings Date

Nov 3, 2026

BWIN News

No articles available.

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About Baldwin Insurance Group

Baldwin helps people and businesses find the right insurance to protect their property and employees. It connects clients with insurance companies and creates custom plans for specific risks. The firm serves over three million clients across the United States.

Tailored Plans and Tech

  • Insurance Advisory Solutions: Risk management and employee benefit plans for businesses and high-net-worth families; provides commercial and personal protection.
  • Underwriting and Technology: Specialized insurance products created through a proprietary platform called MSI; includes reinsurance brokerage and captive management services.
  • Mainstreet Insurance Solutions: Personal, commercial, and health insurance for local communities; focuses on home builders, realtors, and mortgage lenders.

Strategic Partnerships Drive Growth

  • Partnered with CAC Group in January 2026 to add specialty brokerage and middle-market insurance expertise.
  • Acquired Hippo's Homebuilder Distribution Network in July 2025 to expand its reach into the home insurance market.
  • Added MultiStrat in April 2025 to strengthen its reinsurance underwriting and capacity solutions platform.
  • Launched two new commercial insurance products for mid-sized businesses during the 2025 fiscal year.
  • Renamed the firm from BRP Group to The Baldwin Insurance Group in May 2024 to unify the brand.

Modern Tools for Traditional Risks

Baldwin uses its own software platform to design and sell unique insurance products directly to clients through 125 offices. The firm manages relationships with over 8,300 independent agents to reach seniors and community-based businesses.

The Latest Financial Results

  • Revenue reached $347.3 million in Q4 2025, up 7.4% from the previous year.
  • Operating income hit $1.8 million in Q4 2025, up 132.4% from Q4 2024.
  • Net income was -$25.9 million in Q4 2025, down 28.3% year-over-year.
  • Market capitalization stood at $1.7 billion in Q4 2025, down 33.9% from Q4 2024.

The Evolution of Baldwin

Baldwin has shifted from a regional broker to a national firm with integrated technology and specialized underwriting segments. Its strategy relies on acquiring established firms while building proprietary digital tools for insurance distribution.

AI Generated • Apr 27, 2026

Industry

Insurance

Sector

Financials

Employees

5,020

CEO

Trevor L. Baldwin

Website

www.baldwin.com

Headquarters

Tampa, FL 33607, US

BWIN Financials

Key Financial Metrics (TTM)

Gross Margin

12.31%

Operating Margin

-2.99%

Net Income Margin

-4.67%

Return on Equity

-10.59%

Return on Capital

4.61%

Return on Assets

-1.32%

Earnings Yield

-3.63%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$2.79BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

96.84M

Volume

857.11K

Avg. Volume

1.61M

Financials (TTM)

Gross Profit

$213.99M

Operating Income

-$52.01M

EBITDA

$62.41M

Operating Cash Flow

$90.77M

Capital Expenditure

-$47.07M

Free Cash Flow

$43.71M

Cash & ST Invst.

$184.50M

Total Debt

$2.69B

Baldwin Insurance Group Performance Analysis

Baldwin Insurance Group annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 980,720,00072.9%
20232023-12-31USD 1,218,555,00024.3%
20242024-12-31USD 1,389,037,00014.0%
20252025-12-31USD 1,504,884,0008.3%
Baldwin Insurance Group sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-2.4%
Q42025-12-31-5.0%
Q12026-03-3153.3%
Q22026-06-30-7.4%
Baldwin Insurance Group annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.7414.1%
20232023-12-31USD -1.50103.9%
20242024-12-31USD -0.39-74.2%
20252025-12-31USD -0.5028.8%
Baldwin Insurance Group sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-480.6%
Q42025-12-31-37.0%
Q12026-03-31106.5%
Q22026-06-30-1835.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$492.94M

+31.7%

Gross Profit

$39.22M

-62.7%

Gross Margin

7.96%

N/A

Market Cap

$2.79BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$554.99K

N/A

Employees

5,020

N/A

Net Income

-$39.00M

-1132.5%

EBITDA

$48.57M

-9.4%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$184.50M

+74.6%

Total Debt

$2.69B

+57.6%

Accounts Receivable

$1.22B

+44.6%

Inventory

$0.00

N/A

Long Term Debt

$2.53B

+51.3%

Short Term Debt

$158.98M

+375.6%

Return on Assets

-1.32%

N/A

Return on Invested Capital

-1.17%

N/A

Free Cash Flow

$30.38M

+208.1%

Operating Cash Flow

$45.56M

+372.5%

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Questions About BWIN

What is the current price of Baldwin Insurance Group?

Baldwin Insurance Group is trading at $28.77 per share.

What is the 52-week range for Baldwin Insurance Group?

Over the past 52 weeks, Baldwin Insurance Group has traded between $15.88 and $34.79.

How much debt does Baldwin Insurance Group have?

As of the most recent reporting period, Baldwin Insurance Group reported total debt of $2.57B.

How much cash does Baldwin Insurance Group have on hand?

Baldwin Insurance Group reported $610.69M in cash and cash equivalents in its most recent financial results.

What is Baldwin Insurance Group’s dividend yield?

Baldwin Insurance Group does not currently have a dividend yield.

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