BWIN
The Baldwin Insurance Group, Inc.
BWIN lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
BWIN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| N/A | |
| N/A |
BWIN's revenue is currently strong, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like BWIN.
BWIN PE Valuation
BWIN has no meaningful PE right now: it lost money over the past year.
BWIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BWIN, with profitability improving.
BWIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.37 | — |
| Q3 2026 | -$1.41 | -$0.98 |
| Q2 2026 | -$1.05 | -$0.76 |
| Q1 2026 | -$0.68 | -$0.16 |
| Q4 2025 | -$0.50 | -$0.11 |
| Q3 2025 | -$0.43 | +$0.22 |
| Q2 2025 | -$0.29 | +$0.52 |
| Q1 2025 | -$0.52 | +$0.41 |
| Q4 2024 | -$0.39 | +$1.11 |
BWIN lost $1.41 per share over the past year, and its loss has widened in each of the last five quarters.
BWIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $480.3M | +31% |
| Q2 2026 | $492.9M | +30% |
| Q1 2026 | $532.2M | +29% |
| Q4 2025 | $347.3M | +5.3% |
| Q3 2025 | $365.4M | +7.8% |
| Q2 2025 | $378.8M | +11% |
| Q1 2025 | $413.4M | +8.7% |
BWIN's revenue has grown year over year every quarter since early 2025: $480M last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -9% | -9.9 points |
| Q2 2026 | -1.7% | -9.1 points |
| Q1 2026 | -19% | -33 points |
| Q4 2025 | -3.8% | -2.2 points |
| Q3 2025 | 0.9% | -3.7 points |
| Q2 2025 | 7.4% | +2.5 points |
| Q1 2025 | 14% | +4.5 points |
| Q4 2024 | -1.7% | N/A |
BWIN's operating margin was −9% last quarter, down 9.9 points from the same quarter a year ago, near the bottom of its range since 2024.
BWIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $39.2M | +22% |
| Q2 2026 | $30.4M | +$58.5M |
| Q1 2026 | -$18.7M | +$54.2M |
| Q4 2025 | -$84K | -102% |
| Q3 2025 | $32.2M | +$40.2M |
| Q2 2025 | -$28.1M | -140% |
| Q1 2025 | -$72.9M | -$67.7M |
| Q4 2024 | $4.3M | -71% |
BWIN's free cash flow was $51M over the past year, against −$65M the year before. Free cash flow isn't a meaningful measure for financial services companies like BWIN.
BWIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +168K shares |
| 1 year | +35% | +24.3M shares |
| 3 years | +53% | +32.4M shares |
| 5 years | +100% | +46.5M shares |
| Available history | +368% | +73.1M shares |
BWIN has 93M diluted shares, up 35% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $79.9M |
| Q1 2026 | $47M |
| Q3 2021 | — |
| Q3 2020 | — |
BWIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 7.8x | High |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | 7.5x | High |
BWIN's net debt is about 2.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like BWIN.
BWIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.1 | Neutral |
| Stochastic | 86.7 | Overbought |
BWIN's weekly RSI is 63 (neutral) and its Stochastic is 87 (overbought).
BWIN PE vs Financial Services Sector
BWIN has no meaningful PE right now: it lost money over the past year.
BWIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $31.9 | 0.4% above |
| 20 week MA | $30.4 | 5.4% above |
| 50 week MA | $25.4 | 26% above |
| 100 week MA | $30.9 | 3.6% above |
| 200 week MA | $30.7 | 4.3% above |
BWIN is in an uptrend: it's above all five of its weekly moving averages, and 4.3% above its 200-week average.
BWIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.6 | $30.3 | +94% |
| 2021 | $30.3 | $34.8 | +15% |
| 2022 | $34.8 | $26.0 | -25% |
| 2023 | $26.0 | $24.0 | -7.5% |
| 2024 | $24.0 | $38.8 | +62% |
| 2025 | $38.8 | $25.6 | -34% |
| 2026 YTD | $25.6 | $32.0 | +25% |
BWIN has finished lower in three of the last six years. It's up 25% so far in 2026.