Revenue
2021
2022
2023
2024
2025
Baldwin Insurance Group, Inc. (BWIN)
Price$31.11Cached quote
Net income
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.38B | $1.21B | $980.7M | $567.3M | — | — | — |
| Operating expenses | $183.2M | $138.9M | $140.4M | $1.01B | $598.9M | $48.1M | $24.6M | $14.4M |
| Operating income | $73.9M | $60.6M | −$42.6M | −$31.1M | −$31.6M | −$21.9M | −$5.1M | $9.5M |
| Operating margin | 4.95% | 4.40% | −3.51% | −3.17% | −5.57% | — | — | — |
| EBITDA | $201.8M | $169.6M | $55.9M | $55.3M | $19.9M | −$1.8M | $5.5M | $12.6M |
| EBITDA margin | 13.51% | 12.31% | 4.61% | 5.63% | 3.50% | — | — | — |
| Net income | −$33.8M | −$24.5M | −$90.1M | −$41.8M | −$30.6M | −$15.7M | −$8.7M | −$624,000 |
| Net profit margin | −2.26% | −1.78% | −7.44% | −4.26% | −5.40% | — | — | — |
| Basic EPSper basic share | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
| Diluted EPSper diluted share | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
Owners
Reported shareholders
15.31%of listed shares
FMR LLC14.75M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
FMR LLC | 15.31%14.75M shares |
BlackRock, Inc. | 7.53%7.25M shares |
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 6.99%6.73M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 3.39%3.26M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.29%3.17M shares |
Bank of New York Mellon Corp | 3.19%3.08M shares |
BAMCO INC /NY/ | 2.81%2.71M shares |
STATE STREET CORP | 2.77%2.67M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.43%2.34M shares |
MORGAN STANLEY | 2.36%2.28M shares |
Woodline Partners LP | 2.35%2.26M shares |
FRONTIER CAPITAL MANAGEMENT CO LLC | 2.18%2.1M shares |
T. Rowe Price Investment Management, Inc. | 2.09%2.01M shares |
WESTWOOD HOLDINGS GROUP INC | 2.01%1.94M shares |
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.98%1.91M shares |
Capital International Investors | 1.75%1.69M shares |
UBS Group AG | 1.70%1.64M shares |
Annis Gardner Whiting Capital Advisors, LLC | 1.64%1.58M shares |
DIMENSIONAL FUND ADVISORS LP | 1.40%1.35M shares |
Capital Research Global Investors | 1.36%1.31M shares |
Percentages use 96.37M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 14, 2026Form 4 | Cohen Seth BalaGeneral Counsel | SellClass A Common Stock | 15.0K | $20.01 | $300.1K | 14.0K |
| May 7, 2026Form 4 | Krystyn ElizabethOther | SellClass A Common Stock · indirect | 31.7K | $21.18 | $672.3K | 0 |
| May 7, 2026Form 4 | Krystyn ElizabethOther | SellClass A Common Stock · indirect | 98.3K | $21.20 | $2.08M | 0 |
| May 6, 2026Form 4 | Krystyn ElizabethOther | SellClass A Common Stock · indirect | 18.3K | $21.20 | $387.1K | 31.7K |
| May 6, 2026Form 4 | Krystyn ElizabethOther | SellClass A Common Stock · indirect | 53.7K | $21.19 | $1.14M | 98.3K |
Community posts
Baldwin agrees to $7.7 billion take-private deal
Baldwin Group ($BWIN) agreed to go private through a transaction led by Sequence Holdings and DFO Management, Michael Dell’s family investment office. Shareholders will receive $32.50 in cash per share. The approximately $7.7 billion enterp ...
