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BWIN
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BWINThe Baldwin Insurance Group, Inc.
$31.98$2.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
BWIN logo

The Baldwin Insurance Group, Inc.

BWIN
NASDAQ · Insurance Brokers
$31.98
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.21B
P/E-27.2x
52W High$32.71
Volume857.77K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Revenue Growth Masks Underwriting Deterioration

BWIN is experiencing a sharp acceleration in revenue growth, with Q2 2026 revenue up 31.7% year-over-year to $492.9M, driven by acquisitions and organic momentum.

GrowthAccelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

BWIN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-257% Peers

P/E is 257% below peer median

03

Market leadership

RS 88 · Leader

High momentum (Outperforming 88% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 27

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BWIN+34.48%
S&P 500 (^GSPC)+7.63%
1-Year Return
BWIN+24.00%
S&P 500 (^GSPC)+9.69%
3-Year Return
BWIN+6.35%
S&P 500 (^GSPC)+68.81%
5-Year Return
BWIN+6.35%
S&P 500 (^GSPC)+56.85%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-27.2x
Forward P/E
15.9x
EV/EBITDA100th %ile
40.2x
FCF YieldCash Flow
2.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-27.2x
N/A
N/A
EV/EBITDA
40.2x
23.3x
100th· High
Price/FCF
50.5x
40.3x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$9.03-71.8%
Base (Fair)$25.02-21.8%
Bull$41.07+28.4%
$9.03 Bear$25.02 Base$41.07 Bull
Current Market Price: $31.98
Trades at a 27.8% premium to Base DCF ($25.02)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.5B+9.3% YoY
Net income FY25
-$34M-37.9% YoY
Free cash flow FY25
-$69M-212.8% YoY
Operating margin FY25
7.3%+2.9 pts YoY
ROIC (FY25)3.1%
Avg ROIC 5Y0.2%
ROE (TTM)-6.3%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
$0.42-2.8%
vs $0.43
$480M-2.5%
vs $493M
Q3 2026
Jul 30, 2026
$0.48+2.0%
vs $0.47
$493M+0.1%
vs $492M
Q2 2026
May 4, 2026
$0.63-1.6%
vs $0.64
$532M+1.6%
vs $524M
Q1 2026
Feb 26, 2026
$0.31+6.9%
vs $0.29
$347M-1.4%
vs $352M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 22, 2026
Are PRTH, BWIN, CCC Obtaining Fair Deals for their Shareholders?

/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws

GuruFocus·Oct 22, 2026
MSI Expands Proptech Network with Moved Collaboration

MSI™, one of the largest independent managing general agencies (MGAs) in the United States, today announced a new collaboration with Moved, the leading propte

GuruFocus·Oct 17, 2026
BWIN Stock Alert: Halper Sadeh LLC is Investigating Whether The Baldwin Group, Inc. is Obtaining a Fair Price for its Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating the sale of The Baldwin Group, Inc. (NASDAQ: BWIN) to Sequence Holdings and DFO Management for $

GuruFocus·Oct 13, 2026
Are BWIN, PTC, FULC, PRTH Obtaining Fair Deals for their Shareholders?

Are BWIN, PTC, FULC, PRTH Obtaining Fair Deals for their Shareholders?PR NewswireNEW YORK, Oct. 12, 2026Insiders may stand to receive substantial financial bene

Filtered for The Baldwin Insurance Group, Inc.More Headlines
04

Compare before deciding

Benchmark BWIN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for The Baldwin Insurance Group, Inc. (BWIN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BWIN logoBWINThe Baldwin Insurance Group, Inc.Current
$31.98$2.21B-27.189.35%-4.67%-6.27%—
RYAN logoRYANRyan Specialty Holdings, Inc.
$47.73$12.51B64.6221.28%5.95%17.64%0.47%
AON logoAONAon plc
$334.81$71.02B18.149.45%22.24%39.91%0.87%
MRSH logoMRSHMarsh & McLennan Companies, Inc.
$204.82$97.74B24.2810.32%14.2%26.73%1.69%
WTW logoWTWWillis Towers Watson Public Limited Company
$328.86$31.06B19.77-2.24%15.22%19.72%1.1%
BRO logoBROBrown & Brown, Inc.
$72.12$24.13B19.5422.49%17.47%9.67%0.86%

Compare BWIN vs Peers

The Baldwin Insurance Group, Inc. (BWIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RYAN

Most directly comparable listed peer for BWIN.

Scale Benchmark

vs MRSH

Larger-name benchmark to compare BWIN against a more recognizable public peer.

Peer Set

Compare Top 5

vs RYAN, AON, MRSH, WTW

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BWIN SEC Filings & Documents

The Baldwin Insurance Group, Inc. (BWIN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 4, 2026·SEC

Material company update

May 4, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

May 4, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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BWIN Frequently Asked Questions

The Baldwin Insurance Group, Inc. (BWIN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is The Baldwin Insurance Group, Inc. growing?

The Baldwin Insurance Group, Inc. (BWIN) grew revenue by 20.5% over the trailing twelve months, compared with the twelve months before.

Is BWIN profitable?

No. The Baldwin Insurance Group, Inc. (BWIN) reported a net loss of $81.2M over the trailing twelve months.

Dividend & Returns
What is BWIN's return on equity?

The Baldwin Insurance Group, Inc. (BWIN) had a return on equity (ROE) of -6.3% over the trailing twelve months. A negative ROE means the company lost money over the period.

Industry Metrics
What is The Baldwin Insurance Group, Inc.'s combined ratio?

The Baldwin Insurance Group, Inc. (BWIN) has a combined ratio of 92.7%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in BWIN back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →