Last 18 quarters of trend data · Financial Services · Insurance - Brokers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
The Baldwin Insurance Group, Inc.'s quarterly P/E stands at 274.3x, up 390.9% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -40.48 | 274.25 | — | — | — | 55.86 | — | — | — | — | — | — | — |
| — | +390.9% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.01 | 1.01 | 1.19 | 1.32 | 1.94 | 1.90 | 1.94 | 2.37 | 1.65 | — | — | — | — |
| — | -47.0% | -38.5% | -44.2% | +17.7% | — | — | — | — | — | — | — | — | |
| P/B Ratio | 1.27 | 1.37 | 1.53 | 1.72 | 2.77 | 2.96 | 2.49 | 3.08 | 2.15 | — | — | — | — |
| — | -53.7% | -38.5% | -44.2% | +29.2% | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | 15.05 | — | — | 146.33 | — | 71.94 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.33 | — | 19.47 | 25.30 | 20.28 | 13.93 | 44.50 | 26.83 | 21.54 | — | — | — | — |
| — | — | -56.2% | -5.7% | -5.8% | — | — | — | — | — | — | — | — | |
| EV / EBIT | 28.92 | — | — | 171.66 | 43.40 | 18.15 | — | 81.42 | 42.48 | — | — | — | — |
| — | — | — | +110.8% | +2.1% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Baldwin Insurance Group, Inc.'s operating margin was -18.8% in Q1 2026, down 19.3 pp QoQ and down 32.5 pp YoY. This marks the 5th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of -2.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 4.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.8% | 33.7% | 4.0% | 25.5% | 28.1% | 35.4% | 13.9% | 26.4% | 27.9% | 30.7% | 18.0% | 27.5% | 23.6% |
| — | -4.8% | -71.6% | -3.5% | +0.9% | +15.4% | -22.7% | -3.7% | +17.9% | +4.2% | -11.5% | +15.9% | -3.2% | |
| Operating Margin | 7.3% | -18.8% | 0.5% | 0.9% | 7.5% | 13.7% | -1.7% | 4.6% | 4.9% | 9.1% | -10.4% | 0.0% | -5.6% |
| — | -237.0% | +130.2% | -80.8% | +53.6% | +51.3% | +83.7% | +16099.6% | +186.7% | +719.4% | +61.4% | +100.2% | -150.4% | |
| Net Margin | -2.2% | 0.4% | -7.4% | -5.1% | -0.8% | 3.4% | -6.2% | -2.5% | -5.2% | 5.7% | -12.0% | -5.8% | -8.1% |
| — | -87.0% | -19.5% | -105.6% | +83.7% | -40.2% | +48.3% | +57.0% | +36.0% | +232.2% | +38.6% | +39.9% | -314.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.2% | 0.2% | -2.3% | -1.7% | -0.3% | 1.4% | -2.0% | -0.8% | -1.7% | 2.1% | -3.3% | -1.6% | -2.1% |
| — | -86.9% | -18.6% | -113.5% | +81.8% | -34.4% | +40.2% | +50.4% | +22.7% | +265.6% | +19.7% | +18.7% | -410.6% | |
| ROA | -0.9% | 0.0% | -0.7% | -0.5% | -0.1% | 0.4% | -0.6% | -0.2% | -0.5% | 0.6% | -1.0% | -0.5% | -0.7% |
| — | -87.9% | -18.5% | -114.2% | +82.2% | -36.1% | +42.8% | +54.7% | +29.4% | +250.5% | +29.4% | +29.6% | -354.1% | |
| ROIC | 3.1% | -2.2% | 0.0% | 0.1% | 0.8% | 1.6% | -0.2% | 0.5% | 0.5% | 1.0% | -0.9% | 0.0% | -0.5% |
| — | -234.8% | +129.9% | -80.3% | +66.4% | +64.5% | +81.7% | +17323.1% | +198.0% | +833.4% | +55.1% | +100.3% | -160.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.63 | 1.66 | 1.63 | 1.53 | 1.62 | 1.56 | 1.63 | 1.64 | 1.64 | 1.53 | 1.60 | 1.40 | 1.37 |
| — | +6.3% | +0.4% | -7.0% | -0.9% | +1.9% | +1.6% | +17.4% | +19.6% | +13.3% | +23.9% | +14.8% | +16.7% | |
| Debt / EBITDA | 7.46 | — | 41.71 | 48.84 | 30.66 | 19.59 | 72.94 | 38.79 | 39.38 | 27.45 | — | 60.70 | 186.16 |
| — | — | -42.8% | +25.9% | -22.1% | -28.6% | — | -36.1% | -78.8% | -49.3% | — | — | +475.4% | |
| Current Ratio | 1.16 | 1.08 | 1.16 | 1.15 | 1.23 | 1.13 | 0.97 | 1.14 | 0.98 | 0.90 | 0.90 | 1.00 | 0.99 |
| — | -4.4% | +19.6% | +1.0% | +25.1% | +25.2% | +8.5% | +13.6% | -0.6% | -10.6% | -18.9% | -19.0% | -22.3% | |
| Quick Ratio | 1.16 | 1.08 | 1.16 | 1.15 | 1.23 | 1.13 | 0.97 | 1.14 | 0.98 | 0.90 | 0.90 | 1.00 | 0.99 |
| — | -4.4% | +19.6% | +1.0% | +25.1% | +25.2% | +8.5% | +13.6% | -0.6% | -10.6% | -18.9% | -19.0% | -22.3% | |
| Interest Coverage | 0.57 | — | -0.47 | 0.17 | — | — | — | — | — | 1.49 | -0.74 | 0.46 | -0.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
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Quick answers to the most common questions about buying BWIN stock.
The Baldwin Insurance Group, Inc.'s current P/E is -40.5x. The average P/E over the last 1 quarters is 274.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Baldwin Insurance Group, Inc.'s current operating margin is 7.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Baldwin Insurance Group, Inc.'s business trajectory between earnings reports.