Baldwin Insurance Group, Inc.
Company Stats
- Market Cap
- $4.4B
- as of Sep 30, 2026
- Enterprise Value
- $5.9B
- Shares Outstanding
- 139.5M
- Free Float
- 71.1%
Income Statement
- Revenue
- $1.5B
- Operating Income
- $73.9M
- Net Income
- -$33.8M
- EBITDA
- $201.8M
- Revenue Growth, 3Y
- 15.1%
- FCF Margin, 3Y Avg
- -1.9%
- FCF Margin, Worst Year
- -4.6%
Cash Flow
- Free Cash Flow
- -$68.9M
- FCF Yield
- -1.6%
- Owner FCF Yield
- -3.2%
Balance Sheet
- Cash & Equivalents
- $123.7M
- Total Debt
- $1.6B
- Net Debt
- $1.5B
- Net Debt / EBITDA
- 7.33x
- EV / EBITDA
- 29.31x
- Net Debt / EBIT
- 20.02x
Returns & Capital
- Buyback Yield, 3Y Avg
- 0.0%
- SBC, 3Y Avg
- $65.5M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.5B | -$68.9M | -4.6% |
| FY2024 | $1.4B | $10.4M | 0.8% |
| FY2023 | $1.2B | -$21.3M | -1.8% |
| FY2022 | $980.7M | -$24.4M | -2.5% |
| FY2021 | $567.3M | $34.8M | 6.1% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 14, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back