Baldwin Insurance Group annual free cash flow
2018
2019
2020
2021
2022
2023
2024
2025
Baldwin Insurance Group Free Cash Flow (FCF) History (BWIN)
Baldwin Insurance Group reported −$68.9M in free cash flow for fiscal 2025, a decrease of $79.3M from the previous fiscal year, with a free cash flow margin of −4.62%.
View full Baldwin Insurance Group company overviewBaldwin Insurance Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$68.9M | −$79.3M | — | −4.62% |
| 2024 | 2024-12-31 | $10.4M | −$12.9M | −55.29% | +0.76% |
| 2023 | 2023-12-31 | $23.3M | $47.7M | — | +1.92% |
| 2022 | 2022-12-31 | −$24.4M | −$59.2M | — | −2.49% |
| 2021 | 2021-12-31 | $34.8M | $3.5M | +11.04% | +6.14% |
| 2020 | 2020-12-31 | $31.3M | $21.1M | +204.47% | — |
| 2019 | 2019-12-31 | $10.3M | −$972,000 | −8.63% | — |
| 2018 | 2018-12-31 | $11.3M | — | — | — |
Baldwin Insurance Group quarterly free cash flow
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $30.4M | $58.5M | — | +6.21% |
| Q1 2026 | 2026-03-31 | −$18.7M | $54.2M | — | −3.54% |
| Q4 2025 | 2025-12-31 | −$84,000 | $14.4M | — | −0.02% |
| Q3 2025 | 2025-09-30 | $32.2M | $9.9M | +44.74% | +8.87% |
| Q2 2025 | 2025-06-30 | −$28.1M | −$35.9M | — | −7.47% |
| Q1 2025 | 2025-03-31 | −$72.9M | −$67.8M | — | −17.76% |
| Q4 2024 | 2024-12-31 | −$14.5M | −$29.1M | — | −4.42% |
| Q3 2024 | 2024-09-30 | $22.2M | $40.4M | — | +6.63% |
| Q2 2024 | 2024-06-30 | $7.8M | −$36.6M | −82.45% | +2.31% |
| Q1 2024 | 2024-03-31 | −$5.1M | $12.4M | — | −1.36% |
| Q4 2023 | 2023-12-31 | $14.6M | $7.0M | +92.14% | +5.18% |
| Q3 2023 | 2023-09-30 | −$18.2M | $685,000 | — | −5.97% |
| Q2 2023 | 2023-06-30 | $44.3M | $52.3M | — | +15.00% |
| Q1 2023 | 2023-03-31 | −$17.5M | −$12.3M | — | −5.32% |
| Q4 2022 | 2022-12-31 | $7.6M | −$3.3M | −30.52% | — |
| Q3 2022 | 2022-09-30 | −$18.8M | $5.0M | — | — |
| Q2 2022 | 2022-06-30 | −$8.0M | −$53.4M | — | — |
| Q1 2022 | 2022-03-31 | −$5.2M | −$7.5M | — | — |
| Q4 2021 | 2021-12-31 | $11.0M | $6.2M | +132.49% | — |
| Q3 2021 | 2021-09-30 | −$23.8M | −$9.4M | — | — |
| Q2 2021 | 2021-06-30 | $45.4M | $8.7M | +23.85% | — |
| Q1 2021 | 2021-03-31 | $2.3M | −$2.1M | −47.88% | — |
| Q4 2020 | 2020-12-31 | $4.7M | $7.5M | — | — |
| Q3 2020 | 2020-09-30 | −$14.4M | −$19.4M | — | — |
| Q2 2020 | 2020-06-30 | $36.6M | $33.0M | +908.45% | — |
| Q1 2020 | 2020-03-31 | $4.4M | −$61,000 | −1.37% | — |
| Q4 2019 | 2019-12-31 | −$2.8M | — | — | — |
| Q3 2019 | 2019-09-30 | $5.0M | — | — | — |
| Q2 2019 | 2019-06-30 | $3.6M | — | — | — |
| Q1 2019 | 2019-03-31 | $4.4M | — | — | — |
Baldwin Insurance Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $31.3M to −$68.9M, a net decrease of $100.3M. Baldwin Insurance Group's latest reported quarter, Q2 2026, generated $30.4M in free cash flow, an increase of $58.5M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Baldwin Insurance Group source filings ↗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 ...
