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The Baldwin Insurance Group (BWIN) Financials

The Baldwin Insurance Group logo
$43.43 +0.97 (+2.28%)
As of 04/14/2025 04:00 PM Eastern
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Annual Income Statements for The Baldwin Insurance Group

Annual Income Statements for The Baldwin Insurance Group

This table shows The Baldwin Insurance Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -0.62 -8.65 -16 -31 -42 -90 -25
Consolidated Net Income / (Loss)		 2.69 -22 -30 -58 -77 -164 -41
Net Income / (Loss) Continuing Operations		 2.69 -22 -30 -58 -77 -164 -41
Total Pre-Tax Income 		2.69 -22 -30 -58 -76 -163 -39
Total Operating Income		 9.53 -5.07 -22 -32 -31 -43 61
Total Gross Profit		 28 41 67 167 261 307 357
Total Revenue		 80 138 241 567 981 1,219 1,389
Operating Revenue		 80 138 241 567 981 1,219 1,389
Total Cost of Revenue		 52 97 174 400 719 911 1,032
Operating Cost of Revenue		 52 97 174 400 719 911 1,032
Total Operating Expenses		 19 46 89 199 292 350 296
Selling, General & Admin Expense		 14 25 48 102 174 190 192
Depreciation Expense		 0.51 0.54 1.13 2.79 4.62 5.70 6.19
Amortization Expense		 2.58 10 19 49 82 93 103
Other Special Charges / (Income)		 - - - 45 32 61 -4.95
Total Other Income / (Expense), net		 -6.84 -17 -7.95 -26 -45 -120 -100
Interest Expense		 6.63 17 7.86 27 71 119 124
Other Income / (Expense), net		 -0.22 0.00 -0.10 0.42 26 -0.72 24
Income Tax Expense		 0.00 0.02 -0.01 0.02 0.72 1.29 1.73
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.31 -14 -14 -27 -35 -74 -17
Basic Earnings per Share		 $0.00 $0.00 ($0.58) ($0.64) ($0.74) ($1.50) ($0.39)
Weighted Average Basic Shares Outstanding		 0.00 0.00 27.18M 47.59M 56.83M 60.13M 63.46M
Diluted Earnings per Share		 $0.00 $0.00 ($0.58) ($0.64) ($0.74) ($1.50) ($0.39)
Weighted Average Diluted Shares Outstanding		 0.00 0.00 27.18M 47.59M 56.83M 60.13M 63.46M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 27.18M 47.59M 116.09M 116.67M 117.59M

Quarterly Income Statements for The Baldwin Insurance Group

This table shows The Baldwin Insurance Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -25 -48 -14 -24 -18 -34 22 -18 -8.38 -20
Consolidated Net Income / (Loss)		 -47 -91 -26 -44 -32 -62 39 -31 -14 -35
Net Income / (Loss) Continuing Operations		 -47 -91 -26 -44 -32 -62 39 -31 -14 -35
Total Pre-Tax Income 		-47 -91 -26 -43 -32 -62 40 -29 -14 -35
Total Operating Income		 -30 -66 3.62 -17 0.09 -30 34 16 15 -5.47
Total Gross Profit		 63 49 99 72 86 50 118 96 92 51
Total Revenue		 259 246 330 297 306 285 380 340 339 330
Operating Revenue		 259 246 330 297 306 285 380 340 339 330
Total Cost of Revenue		 196 197 231 225 220 235 262 244 247 278
Operating Cost of Revenue		 196 197 231 225 220 235 262 244 247 278
Total Operating Expenses		 93 116 96 88 86 80 84 79 76 57
Selling, General & Admin Expense		 47 49 47 47 47 49 46 47 49 51
Depreciation Expense		 1.22 1.31 1.35 1.45 1.45 1.45 1.51 1.56 1.56 1.58
Amortization Expense		 23 22 23 23 23 23 24 25 27 26
Other Special Charges / (Income)		 22 43 25 16 14 6.02 13 5.55 -0.95 -22
Total Other Income / (Expense), net		 -17 -24 -29 -26 -32 -32 5.51 -46 -30 -30
Interest Expense		 21 25 28 29 31 32 32 31 31 29
Other Income / (Expense), net		 3.91 0.99 -1.51 2.67 -1.35 -0.53 37 -15 1.45 -0.34
Income Tax Expense		 0.00 0.72 0.08 0.67 0.16 0.38 0.67 1.48 0.00 -0.42
Net Income / (Loss) Attributable to Noncontrolling Interest		 -22 -43 -12 -20 -14 -28 18 -13 -6.10 -15
Basic Earnings per Share		 ($0.43) ($0.87) ($0.24) ($0.40) ($0.29) ($0.57) $0.35 ($0.28) ($0.13) ($0.33)
Weighted Average Basic Shares Outstanding		 57.28M 56.83M 58.71M 60.09M 60.55M 60.13M 61.86M 63.12M 64.01M 63.46M
Diluted Earnings per Share		 ($0.43) ($0.84) ($0.24) ($0.40) ($0.29) ($0.57) $0.33 ($0.28) ($0.13) ($0.31)
Weighted Average Diluted Shares Outstanding		 57.28M 56.83M 58.71M 60.09M 60.55M 60.13M 65.31M 63.12M 64.01M 63.46M
Weighted Average Basic & Diluted Shares Outstanding		 116.03M 116.09M 116.80M 116.78M 116.75M 116.67M 117.55M 117.64M 117.58M 117.59M

Annual Cash Flow Statements for The Baldwin Insurance Group

This table details how cash moves in and out of The Baldwin Insurance Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 4.87 63 71 86 2.73 -3.51 86
Net Cash From Operating Activities		 12 12 37 40 -2.46 45 102
Net Cash From Continuing Operating Activities		 12 12 37 40 -2.46 45 102
Net Income / (Loss) Continuing Operations		 2.69 -22 -30 -58 -77 -164 -41
Consolidated Net Income / (Loss)		 2.69 -22 -30 -58 -77 -164 -41
Depreciation Expense		 3.09 11 20 52 86 98 109
Amortization Expense		 0.12 1.31 1.00 3.51 5.12 5.13 5.84
Non-Cash Adjustments To Reconcile Net Income		 6.61 16 20 -47 -209 -82 -27
Changes in Operating Assets and Liabilities, net		 -0.71 6.44 26 91 191 187 56
Net Cash From Investing Activities		 -43 -101 -678 -678 -414 -22 13
Net Cash From Continuing Investing Activities		 -43 -101 -678 -678 -414 -22 13
Purchase of Property, Plant & Equipment		 -7.43 -2.40 -7.32 -8.53 -22 -21 -41
Acquisitions		 -35 -98 -669 -668 -391 -2.12 -0.27
Purchase of Investments		 0.00 -0.20 -1.25 -1.91 -1.10 -1.69 -3.86
Divestitures		 - - - - 0.00 3.26 57
Other Investing Activities, net		 - - - - 0.00 0.00 1.50
Net Cash From Financing Activities		 36 152 712 724 420 -26 -30
Net Cash From Continuing Financing Activities		 36 152 712 724 420 -26 -30
Repayment of Debt		 -0.88 -155 -331 -392 -52 -289 -1,468
Payment of Dividends		 -9.95 -11 0.00 0.00 -9.39 -0.87 -11
Issuance of Debt		 49 119 672 862 512 281 1,546
Other Financing Activities, net		 -2.68 -35 -81 -15 -31 -17 -97
Cash Interest Paid		 3.37 9.49 5.96 22 63 105 111
Cash Income Taxes Paid		 - - 0.00 0.00 1.42 1.43 2.75

Quarterly Cash Flow Statements for The Baldwin Insurance Group

This table details how cash moves in and out of The Baldwin Insurance Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -33 -20 -44 26 -19 33 7.35 126 -15 -32
Net Cash From Operating Activities		 -12 14 -14 49 -13 22 2.89 81 2.11 16
Net Cash From Continuing Operating Activities		 -12 14 -14 49 -13 22 2.89 81 2.11 16
Net Income / (Loss) Continuing Operations		 -47 -91 -26 -44 -32 -62 39 -31 -14 -35
Consolidated Net Income / (Loss)		 -47 -91 -26 -44 -32 -62 39 -31 -14 -35
Depreciation Expense		 24 23 25 25 25 25 26 27 28 28
Amortization Expense		 1.42 1.23 1.24 1.09 1.24 1.55 1.55 1.45 1.42 1.42
Non-Cash Adjustments To Reconcile Net Income		 -32 -48 -33 0.75 -2.05 -47 -112 -41 114 12
Changes in Operating Assets and Liabilities, net		 40 130 19 67 -4.45 105 49 124 -127 9.56
Net Cash From Investing Activities		 -18 -6.89 -5.10 -5.50 -6.35 -4.97 45 -9.01 -9.99 -12
Net Cash From Continuing Investing Activities		 -18 -6.89 -5.10 -5.50 -6.35 -4.97 45 -9.01 -9.99 -12
Purchase of Property, Plant & Equipment		 -6.84 -3.22 -5.00 -5.24 -3.92 -7.22 -8.15 -11 -9.93 -12
Purchase of Investments		 -0.12 -0.31 -0.10 -0.26 -0.31 -1.01 -3.19 -0.15 -0.36 -0.16
Net Cash From Financing Activities		 -3.73 -27 -25 -18 0.48 16 -40 54 -7.58 -36
Net Cash From Continuing Financing Activities		 -3.73 -27 -25 -18 0.48 16 -40 54 -7.58 -36
Repayment of Debt		 -17 -24 -72 -27 -181 -9.11 -80 -1,372 -2.85 -13
Issuance of Debt		 17 - 50 10 198 23 70 1,465 - 11
Other Financing Activities, net		 -3.57 -3.09 -2.41 -0.43 -16 1.88 -30 -27 -4.73 -34
Cash Interest Paid		 19 21 25 26 26 28 28 27 19 38
Cash Income Taxes Paid		 0.19 0.36 0.00 1.35 -0.14 0.22 0.15 2.02 0.54 0.03

Annual Balance Sheets for The Baldwin Insurance Group

This table presents The Baldwin Insurance Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Total Assets		 140 399 1,530 2,876 3,462 3,502 3,535
Total Current Assets		 39 133 302 578 772 926 1,026
Cash & Equivalents		 8.00 68 108 138 118 116 148
Restricted Cash		 0.00 3.38 34 89 112 105 165
Prepaid Expenses		 1.10 3.02 4.45 8.15 9.94 13 12
Other Current Assets		 29 59 156 341 532 628 702
Other Current Nonoperating Assets		 - - - - 0.00 64 0.00
Plant, Property, & Equipment, net		 2.15 3.32 11 17 25 23 22
Total Noncurrent Assets		 99 263 1,217 2,280 2,664 2,553 2,486
Goodwill		 66 164 652 1,229 1,422 1,412 1,412
Intangible Assets		 30 92 554 944 1,100 1,017 953
Other Noncurrent Operating Assets		 3.58 5.60 11 107 142 124 120
Total Liabilities & Shareholders' Equity		 140 399 1,530 2,876 3,462 3,502 3,535
Total Liabilities		 117 161 760 1,689 2,322 2,483 2,526
Total Current Liabilities		 33 73 217 541 699 1,033 1,056
Short-Term Debt		 0.83 2.48 6.09 97 48 217 149
Accounts Payable		 5.25 12 51 92 126 145 161
Accrued Expenses		 3.96 7.47 24 36 54 64 73
Other Current Liabilities		 23 51 136 316 471 556 674
Other Current Nonoperating Liabilities		 - - - - 0.00 44 0.00
Total Noncurrent Liabilities		 84 89 543 1,148 1,623 1,450 1,470
Long-Term Debt		 72 40 381 850 1,315 1,309 1,398
Other Noncurrent Operating Liabilities		 12 48 161 227 220 61 71
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 86 0.02 0.10 0.27 0.49 0.39 0.45
Total Equity & Noncontrolling Interests		 -63 237 770 1,187 1,140 1,018 1,008
Total Preferred & Common Equity		 -64 73 368 608 608 560 583
Total Common Equity		 -64 73 368 608 608 560 583
Common Stock		 -64 83 393 664 705 747 795
Retained Earnings		 0.00 -8.65 -24 -55 -97 -187 -211
Noncontrolling Interest		 0.94 164 402 579 531 458 425

Quarterly Balance Sheets for The Baldwin Insurance Group

This table presents The Baldwin Insurance Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 3,412 3,448 3,465 3,423 3,510 3,680 3,539
Total Current Assets		 711 780 818 802 951 1,137 1,014
Cash & Equivalents		 159 81 106 79 112 208 182
Restricted Cash		 92 106 107 115 122 152 163
Prepaid Expenses		 12 13 12 12 15 14 13
Other Current Assets		 446 580 594 595 702 763 656
Other Current Nonoperating Assets		 - - - - 0.00 0.00 0.00
Plant, Property, & Equipment, net		 25 25 24 24 23 22 21
Total Noncurrent Assets		 2,677 2,642 2,622 2,597 2,536 2,521 2,503
Goodwill		 1,421 1,422 1,422 1,422 1,412 1,412 1,412
Intangible Assets		 1,118 1,081 1,063 1,045 1,000 985 969
Other Noncurrent Operating Assets		 138 139 138 130 123 123 122
Total Liabilities & Shareholders' Equity		 3,412 3,448 3,465 3,423 3,510 3,680 3,539
Total Liabilities		 2,188 2,321 2,368 2,350 2,438 2,637 2,502
Total Current Liabilities		 573 773 827 798 1,053 1,156 1,032
Short-Term Debt		 42 119 118 99 235 210 207
Accounts Payable		 114 110 110 131 132 132 164
Accrued Expenses		 61 63 65 66 86 74 71
Other Current Liabilities		 357 481 535 502 600 741 589
Other Current Nonoperating Liabilities		 - - - - 0.00 0.00 0.00
Total Noncurrent Liabilities		 1,615 1,548 1,541 1,551 1,385 1,481 1,471
Long-Term Debt		 1,338 1,294 1,278 1,294 1,301 1,400 1,399
Capital Lease Obligations		 89 87 85 82 78 74 69
Other Noncurrent Operating Liabilities		 188 168 178 176 6.46 6.50 2.63
Redeemable Noncontrolling Interest		 0.42 0.54 0.50 0.33 0.46 0.29 0.38
Total Equity & Noncontrolling Interests		 1,224 1,127 1,097 1,074 1,071 1,043 1,036
Total Preferred & Common Equity		 652 606 599 591 598 591 595
Total Common Equity		 652 606 599 591 598 591 595
Common Stock		 700 717 733 743 763 774 787
Retained Earnings		 -48 -111 -135 -152 -165 -183 -191
Noncontrolling Interest		 572 520 498 483 473 452 441

Annual Metrics and Ratios for The Baldwin Insurance Group

This table displays calculated financial ratios and metrics derived from The Baldwin Insurance Group's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 72.56% 74.78% 135.47% 72.88% 24.25% 13.99%
EBITDA Growth		 0.00% -45.73% -112.71% 2,856.02% 263.33% -30.35% 230.32%
EBIT Growth		 0.00% -154.38% -335.00% -41.61% 84.10% -772.18% 294.81%
NOPAT Growth		 0.00% -137.23% -332.87% -44.16% 1.67% -36.83% 242.53%
Net Income Growth		 0.00% -935.03% -33.09% -94.48% -32.05% -113.71% 74.95%
EPS Growth		 0.00% 0.00% 0.00% -10.34% -15.63% -102.70% 74.00%
Operating Cash Flow Growth		 0.00% 1.87% 206.45% 9.00% -106.14% 1,913.32% 128.81%
Free Cash Flow Firm Growth		 0.00% 0.00% -558.87% -19.76% 58.87% 85.24% 418.24%
Invested Capital Growth		 0.00% 137.89% 385.74% 94.73% 19.37% 1.27% -6.18%
Revenue Q/Q Growth		 0.00% 0.00% 15.92% 18.74% 9.72% 3.27% 3.37%
EBITDA Q/Q Growth		 0.00% 0.00% 90.34% -36.43% -20.34% 159.28% 16.11%
EBIT Q/Q Growth		 0.00% 0.00% 17.53% -314.42% -120.19% 44.85% 40.81%
NOPAT Q/Q Growth		 0.00% 0.00% 17.88% -320.06% -1,126.75% 46.31% 66.63%
Net Income Q/Q Growth		 0.00% 0.00% 20.73% -76.91% -158.76% 15.01% 40.24%
EPS Q/Q Growth		 0.00% 0.00% -176.19% -16.36% -105.56% 15.25% 40.00%
Operating Cash Flow Q/Q Growth		 0.00% -26.68% 30.48% 21.28% 30.94% 20.69% -5.02%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -12.45% 63.44% -283.86% 1,448.57%
Invested Capital Q/Q Growth		 0.00% 0.00% 117.55% 47.94% -3.34% 1.55% -5.26%
Profitability Metrics		 - - - - - - -
Gross Margin		 35.34% 29.66% 27.73% 29.48% 26.64% 25.21% 25.70%
EBITDA Margin		 15.68% 4.93% -0.36% 4.20% 8.82% 4.95% 14.33%
Operating Margin		 11.93% -3.68% -9.11% -5.57% -3.17% -3.49% 4.37%
EBIT Margin		 11.66% -3.67% -9.15% -5.50% -0.51% -3.55% 6.07%
Profit (Net Income) Margin		 3.37% -16.29% -12.40% -10.25% -7.83% -13.46% -2.96%
Tax Burden Percent		 100.00% 100.08% 99.98% 100.03% 100.94% 100.79% 104.40%
Interest Burden Percent		 28.87% 442.98% 135.66% 186.21% 1,532.61% 376.10% -46.68%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 10.84% -2.39% -2.51% -1.48% -1.00% -1.25% 1.83%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.33% -105.02% -15.88% -8.43% -6.47% -11.61% -4.58%
Return on Net Nonoperating Assets (RNNOA)		 0.95% -14.88% -3.43% -4.46% -5.59% -13.94% -5.88%
Return on Equity (ROE)		 11.79% -17.27% -5.93% -5.94% -6.59% -15.19% -4.05%
Cash Return on Invested Capital (CROIC)		 0.00% -84.01% -134.22% -65.76% -18.66% -2.51% 8.21%
Operating Return on Assets (OROA)		 6.66% -1.88% -2.28% -1.42% -0.16% -1.24% 2.40%
Return on Assets (ROA)		 1.92% -8.34% -3.10% -2.64% -2.42% -4.71% -1.17%
Return on Common Equity (ROCE)		 -32.94% -0.64% -2.60% -2.96% -3.45% -8.22% -2.29%
Return on Equity Simple (ROE_SIMPLE)		 -4.22% -30.64% -8.13% -9.55% -12.62% -29.27% -7.04%
Net Operating Profit after Tax (NOPAT)		 9.53 -3.55 -15 -22 -22 -30 42
NOPAT Margin		 11.93% -2.57% -6.37% -3.90% -2.22% -2.44% 3.06%
Net Nonoperating Expense Percent (NNEP)		 10.51% 102.63% 13.38% 6.95% 5.47% 10.36% 6.41%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -0.84% -1.14% 1.66%
Cost of Revenue to Revenue		 64.66% 70.34% 72.27% 70.52% 73.36% 74.79% 74.30%
SG&A Expenses to Revenue		 18.00% 17.83% 19.95% 18.01% 17.71% 15.61% 13.85%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.41% 33.34% 36.84% 35.06% 29.81% 28.70% 21.33%
Earnings before Interest and Taxes (EBIT)		 9.31 -5.07 -22 -31 -4.96 -43 84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 6.80 -0.86 24 87 60 199
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 2.21 2.82 2.54 2.76 4.49
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 3.38 3.03 1.57 1.27 1.89
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.44 1.56 1.40 1.42 1.91
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 6.07 5.44 3.36 2.78 3.08
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 129.66 38.10 56.21 21.49
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 50.76
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 100.78
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 39.71 76.94 0.00 75.87 41.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 22.51
Leverage & Solvency		 - - - - - - -
Debt to Equity		 3.20 0.18 0.50 0.86 1.27 1.58 1.53
Long-Term Debt to Equity		 3.17 0.17 0.50 0.78 1.23 1.36 1.39
Financial Leverage		 2.85 0.14 0.22 0.53 0.86 1.20 1.28
Leverage Ratio		 6.13 2.07 1.91 2.25 2.72 3.23 3.47
Compound Leverage Factor		 1.77 9.17 2.60 4.19 41.74 12.13 -1.62
Debt to Total Capital		 76.21% 15.29% 33.48% 46.15% 56.00% 61.17% 60.52%
Short-Term Debt to Total Capital		 0.86% 0.89% 0.53% 4.38% 1.86% 8.26% 5.81%
Long-Term Debt to Total Capital		 75.35% 14.41% 32.95% 41.77% 54.14% 52.91% 54.71%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 90.23% 58.54% 34.75% 26.27% 20.53% 17.47% 16.65%
Common Equity to Total Capital		 -66.44% 26.16% 31.78% 27.59% 23.47% 21.36% 22.82%
Debt to EBITDA		 5.84 6.30 -448.47 42.73 16.77 26.63 7.77
Net Debt to EBITDA		 5.20 -4.15 -284.09 33.17 14.11 22.96 6.20
Long-Term Debt to EBITDA		 5.77 5.94 -441.41 38.68 16.21 23.04 7.02
Debt to NOPAT		 7.67 -12.08 -25.23 -45.96 -66.65 -53.88 36.43
Net Debt to NOPAT		 6.83 7.96 -15.98 -35.68 -56.06 -46.46 29.06
Long-Term Debt to NOPAT		 7.58 -11.38 -24.84 -41.60 -64.43 -46.61 32.93
Altman Z-Score		 0.00 0.00 0.80 0.76 0.66 0.57 1.00
Noncontrolling Interest Sharing Ratio		 379.33% 96.31% 56.21% 50.13% 47.74% 45.88% 43.60%
Liquidity Ratios		 - - - - - - -
Current Ratio		 1.16 1.83 1.39 1.07 1.10 0.90 0.97
Quick Ratio		 0.24 0.93 0.50 0.26 0.17 0.11 0.14
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -125 -822 -984 -405 -60 190
Operating Cash Flow to CapEx		 158.64% 501.21% 502.76% 470.28% -11.20% 208.85% 248.85%
Free Cash Flow to Firm to Interest Expense		 0.00 -7.18 -104.59 -36.58 -5.70 -0.50 1.54
Operating Cash Flow to Interest Expense		 1.78 0.69 4.69 1.49 -0.03 0.37 0.83
Operating Cash Flow Less CapEx to Interest Expense		 0.66 0.55 3.75 1.17 -0.34 0.19 0.49
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.57 0.51 0.25 0.26 0.31 0.35 0.39
Accounts Receivable Turnover		 682.74 1,723.01 7,771.58 672.54 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 37.19 50.40 33.60 39.82 45.74 50.65 62.17
Accounts Payable Turnover		 9.84 11.03 5.46 5.57 6.60 6.73 6.76
Days Sales Outstanding (DSO)		 0.53 0.21 0.05 0.54 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 37.08 33.09 66.90 65.56 55.29 54.20 54.03
Cash Conversion Cycle (CCC)		 -36.54 -32.88 -66.85 -65.02 -55.29 -54.20 -54.03
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 88 209 1,015 1,977 2,360 2,390 2,243
Invested Capital Turnover		 0.91 0.93 0.39 0.38 0.45 0.51 0.60
Increase / (Decrease) in Invested Capital		 0.00 121 806 962 383 30 -148
Enterprise Value (EV)		 0.00 0.00 1,462 3,087 3,297 3,387 4,278
Market Capitalization		 0.00 0.00 814 1,718 1,544 1,545 2,619
Book Value per Share		 $0.00 $3.89 $10.82 $5.42 $5.24 $4.80 $4.96
Tangible Book Value per Share		 $0.00 ($9.74) ($24.66) ($13.95) ($16.49) ($16.01) ($15.16)
Total Capital		 96 280 1,157 2,205 2,591 2,624 2,555
Total Debt		 73 43 387 1,018 1,451 1,605 1,547
Total Long-Term Debt		 72 40 381 921 1,403 1,388 1,398
Net Debt		 65 -28 245 790 1,220 1,384 1,234
Capital Expenditures (CapEx)		 7.43 2.40 7.32 8.53 22 21 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.80 -8.49 -51 -93 -109 -112 -194
Debt-free Net Working Capital (DFNWC)		 6.20 63 91 134 121 109 119
Net Working Capital (NWC)		 5.37 60 85 38 73 -108 -30
Net Nonoperating Expense (NNE)		 6.84 19 15 36 55 134 84
Net Nonoperating Obligations (NNO)		 65 -28 245 790 1,220 1,371 1,234
Total Depreciation and Amortization (D&A)		 3.21 12 21 55 91 104 115
Debt-free, Cash-free Net Working Capital to Revenue		 -2.25% -6.16% -21.32% -16.47% -11.12% -9.18% -13.98%
Debt-free Net Working Capital to Revenue		 7.76% 45.40% 37.63% 23.67% 12.38% 8.96% 8.54%
Net Working Capital to Revenue		 6.72% 43.60% 35.10% 6.65% 7.46% -8.82% -2.16%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.58) ($0.64) ($0.74) ($1.50) ($0.39)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 19.86M 95.65M 114.94M 56.83M 60.13M 63.46M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.58) ($0.64) ($0.74) ($1.50) ($0.39)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 19.86M 95.65M 114.94M 56.83M 60.13M 63.46M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($0.58) ($0.64) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 27.18M 47.59M 116.09M 116.67M 117.59M
Normalized Net Operating Profit after Tax (NOPAT)		 6.67 -3.55 -15 9.50 0.85 13 39
Normalized NOPAT Margin		 8.35% -2.57% -6.37% 1.67% 0.09% 1.06% 2.81%
Pre Tax Income Margin		 3.37% -16.28% -12.41% -10.24% -7.75% -13.35% -2.83%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 1.41 -0.29 -2.80 -1.16 -0.07 -0.36 0.68
NOPAT to Interest Expense		 1.44 -0.20 -1.95 -0.82 -0.31 -0.25 0.34
EBIT Less CapEx to Interest Expense		 0.28 -0.43 -3.74 -1.48 -0.38 -0.54 0.35
NOPAT Less CapEx to Interest Expense		 0.32 -0.34 -2.89 -1.14 -0.62 -0.43 0.01
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 370.03% -46.98% 0.00% 0.00% -12.24% -0.53% -26.96%
Augmented Payout Ratio		 370.03% -102.65% 0.00% 0.00% -12.24% -0.53% -26.96%

Quarterly Metrics and Ratios for The Baldwin Insurance Group

This table displays calculated financial ratios and metrics derived from The Baldwin Insurance Group's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 91.34% 54.55% 36.07% 27.85% 18.08% 15.69% 15.11% 14.35% 10.67% 15.89%
EBITDA Growth		 96.38% -116.39% -62.87% -77.53% 19,792.00% 90.14% 253.26% 156.27% 89.85% 681.96%
EBIT Growth		 -46.88% -82.28% -96.18% -144.39% 95.12% 53.77% 3,282.92% 114.04% 1,432.33% 80.77%
NOPAT Growth		 -73.75% -75.45% -93.63% -145.49% 100.29% 55.25% 1,229.63% 199.56% 17,813.95% 81.58%
Net Income Growth		 -89.86% -106.09% -157.66% -363.14% 31.47% 31.68% 251.23% 29.31% 54.77% 44.25%
EPS Growth		 -53.57% -82.61% -161.54% -385.71% 32.56% 32.14% 237.50% 30.00% 55.17% 45.61%
Operating Cash Flow Growth		 46.32% 8.43% -308.71% 4,194.29% -5.14% 53.94% 120.63% 63.18% 116.69% -24.73%
Free Cash Flow Firm Growth		 -27.70% 56.55% 45.34% 104.44% 107.82% 88.18% 104.69% -84.45% -102.75% 383.34%
Invested Capital Growth		 82.69% 19.37% 23.40% -2.85% -3.60% 1.27% 0.50% 0.11% 0.56% -6.18%
Revenue Q/Q Growth		 11.58% -5.14% 34.30% -10.06% 3.05% -7.06% 33.63% -10.65% -0.27% -2.67%
EBITDA Q/Q Growth		 -100.24% -32,756.80% 167.83% -57.50% 107.90% -116.46% 2,529.28% -69.17% 54.02% -49.55%
EBIT Q/Q Growth		 -183.08% -152.24% 103.22% -757.59% 90.87% -2,291.30% 335.74% -97.27% 766.08% -134.52%
NOPAT Q/Q Growth		 -182.15% -122.48% 105.45% -556.78% 100.52% -34,663.95% 261.88% -65.80% -6.39% -135.53%
Net Income Q/Q Growth		 -381.49% -95.84% 71.74% -68.88% 26.70% -95.26% 162.56% -178.94% 53.11% -140.68%
EPS Q/Q Growth		 -407.14% -95.35% 71.43% -66.67% 27.50% -96.55% 157.89% -184.85% 53.57% -138.46%
Operating Cash Flow Q/Q Growth		 -894.37% 218.14% -198.87% 452.50% -125.53% 272.97% -86.75% 2,688.74% -97.39% 680.03%
Free Cash Flow Firm Q/Q Growth		 13.28% 61.86% -7.11% 112.54% 52.53% -157.66% 150.50% -58.42% -126.94% 6,048.18%
Invested Capital Q/Q Growth		 0.34% -3.34% 3.35% -3.07% -0.44% 1.55% 2.90% -3.45% 0.01% -5.26%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 24.46% 19.96% 30.11% 24.21% 28.01% 17.55% 31.10% 28.11% 27.07% 15.59%
EBITDA Margin		 -0.05% -16.69% 8.43% 3.98% 8.04% -1.42% 25.87% 8.93% 13.79% 7.15%
Operating Margin		 -11.51% -27.00% 1.10% -5.56% 0.03% -10.44% 9.01% 4.84% 4.55% -1.66%
EBIT Margin		 -10.00% -26.59% 0.64% -4.66% -0.41% -10.63% 18.75% 0.57% 4.97% -1.76%
Profit (Net Income) Margin		 -18.01% -37.18% -7.82% -14.69% -10.45% -21.96% 10.28% -9.08% -4.27% -10.56%
Tax Burden Percent		 100.00% 100.79% 100.30% 101.55% 100.51% 100.61% 98.32% 105.05% 100.00% 98.81%
Interest Burden Percent		 180.05% 138.70% -1,222.77% 310.19% 2,517.39% 205.34% 55.76% -1,509.92% -85.88% 606.03%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.68% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -3.81% -8.54% 0.37% -1.84% 0.01% -3.75% 4.59% 1.88% 1.81% -0.70%
ROIC Less NNEP Spread (ROIC-NNEP)		 -7.39% -13.02% -2.40% -4.47% -2.56% -6.97% 5.00% -1.39% -0.12% -3.08%
Return on Net Nonoperating Assets (RNNOA)		 -4.56% -11.24% -2.08% -4.63% -2.78% -8.36% 6.12% -1.69% -0.15% -3.95%
Return on Equity (ROE)		 -8.38% -19.79% -1.71% -6.47% -2.77% -12.11% 10.71% 0.19% 1.66% -4.65%
Cash Return on Invested Capital (CROIC)		 -58.60% -18.66% -23.08% -0.30% 1.36% -2.51% -0.84% 0.52% 0.52% 8.21%
Operating Return on Assets (OROA)		 -3.17% -8.23% 0.21% -1.54% -0.14% -3.72% 6.84% 0.21% 1.92% -0.70%
Return on Assets (ROA)		 -5.70% -11.50% -2.62% -4.84% -3.61% -7.68% 3.75% -3.33% -1.65% -4.17%
Return on Common Equity (ROCE)		 -4.40% -10.34% -0.90% -3.45% -1.50% -6.56% 5.87% 0.11% 0.93% -2.62%
Return on Equity Simple (ROE_SIMPLE)		 -4.55% 0.00% -24.32% -34.70% -32.67% 0.00% -16.57% -14.60% -11.55% 0.00%
Net Operating Profit after Tax (NOPAT)		 -21 -46 2.53 -12 0.06 -21 34 12 11 -3.83
NOPAT Margin		 -8.06% -18.90% 0.77% -3.89% 0.02% -7.31% 8.86% 3.39% 3.18% -1.16%
Net Nonoperating Expense Percent (NNEP)		 3.58% 4.48% 2.77% 2.63% 2.57% 3.22% -0.40% 3.27% 1.94% 2.38%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.79% - - - -0.79% - - - -0.15%
Cost of Revenue to Revenue		 75.54% 80.04% 69.89% 75.79% 71.99% 82.45% 68.91% 71.89% 72.93% 84.41%
SG&A Expenses to Revenue		 18.20% 20.03% 14.10% 15.98% 15.40% 17.22% 12.04% 13.70% 14.41% 15.51%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 35.97% 46.96% 29.01% 29.77% 27.99% 27.99% 22.09% 23.27% 22.52% 17.25%
Earnings before Interest and Taxes (EBIT)		 -26 -65 2.11 -14 -1.27 -30 71 1.95 17 -5.82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.13 -41 28 12 25 -4.05 98 30 47 24
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.32 2.54 2.47 2.49 2.51 2.76 3.16 3.79 5.58 4.49
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.69 1.57 1.40 1.31 1.26 1.27 1.49 1.71 2.47 1.89
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.35 1.40 1.36 1.38 1.38 1.42 1.53 1.70 2.15 1.91
Enterprise Value to Revenue (EV/Rev)		 3.69 3.36 3.12 2.87 2.75 2.78 2.95 3.06 3.79 3.08
Enterprise Value to EBITDA (EV/EBITDA)		 30.38 38.10 84.57 0.00 139.59 56.21 28.62 26.89 29.72 21.49
Enterprise Value to EBIT (EV/EBIT)		 134.26 0.00 0.00 0.00 0.00 0.00 144.35 96.19 85.12 50.76
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 272.13 200.00 100.78
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 86.55 87.71 75.87 60.81 43.26 47.38 41.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 99.86 0.00 0.00 328.92 415.09 22.51
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.20 1.27 1.33 1.35 1.37 1.58 1.51 1.61 1.62 1.53
Long-Term Debt to Equity		 1.17 1.23 1.22 1.24 1.28 1.36 1.29 1.41 1.42 1.39
Financial Leverage		 0.62 0.86 0.87 1.04 1.09 1.20 1.22 1.21 1.24 1.28
Leverage Ratio		 2.42 2.72 2.70 2.92 2.97 3.23 3.16 3.34 3.30 3.47
Compound Leverage Factor		 4.35 3.78 -33.02 9.05 74.89 6.62 1.76 -50.40 -2.83 21.03
Debt to Total Capital		 54.54% 56.00% 57.08% 57.43% 57.86% 61.17% 60.09% 61.73% 61.77% 60.52%
Short-Term Debt to Total Capital		 1.55% 1.86% 4.51% 4.57% 3.89% 8.26% 8.76% 7.68% 7.63% 5.81%
Long-Term Debt to Total Capital		 52.99% 54.14% 52.57% 52.86% 53.97% 52.91% 51.34% 54.05% 54.14% 54.71%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 21.26% 20.53% 19.83% 19.35% 18.96% 17.47% 17.64% 16.60% 16.27% 16.65%
Common Equity to Total Capital		 24.20% 23.47% 23.09% 23.22% 23.18% 21.36% 22.26% 21.67% 21.95% 22.82%
Debt to EBITDA		 13.52 16.77 38.10 -987.99 63.44 26.63 12.34 11.28 9.77 7.77
Net Debt to EBITDA		 11.21 14.11 33.35 -845.87 55.07 22.96 10.55 8.86 7.76 6.20
Long-Term Debt to EBITDA		 13.14 16.21 35.08 -909.38 59.17 23.04 10.54 9.87 8.56 7.02
Debt to NOPAT		 -827.48 -66.65 -31.86 -19.36 -26.58 -53.88 -193.56 114.11 65.75 36.43
Net Debt to NOPAT		 -686.25 -56.06 -27.89 -16.58 -23.07 -46.46 -165.46 89.70 52.22 29.06
Long-Term Debt to NOPAT		 -804.01 -64.43 -29.34 -17.82 -24.79 -46.61 -165.35 99.91 57.63 32.93
Altman Z-Score		 0.68 0.61 0.66 0.63 0.66 0.58 0.79 0.79 1.11 0.92
Noncontrolling Interest Sharing Ratio		 47.43% 47.74% 47.35% 46.59% 45.93% 45.88% 45.23% 44.44% 43.80% 43.60%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.24 1.10 1.01 0.99 1.00 0.90 0.90 0.98 0.98 0.97
Quick Ratio		 0.28 0.17 0.11 0.13 0.10 0.11 0.11 0.18 0.18 0.14
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,126 -429 -460 58 88 -51 22 8.97 -2.42 144
Operating Cash Flow to CapEx		 -175.74% 440.30% -280.68% 944.60% -322.00% 302.60% 35.53% 745.48% 21.24% 135.31%
Free Cash Flow to Firm to Interest Expense		 -54.23 -16.96 -16.50 1.98 2.88 -1.59 0.68 0.29 -0.08 4.88
Operating Cash Flow to Interest Expense		 -0.58 0.56 -0.50 1.70 -0.41 0.69 0.09 2.58 0.07 0.56
Operating Cash Flow Less CapEx to Interest Expense		 -0.91 0.43 -0.68 1.52 -0.54 0.46 -0.17 2.23 -0.25 0.15
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.32 0.31 0.33 0.33 0.35 0.35 0.36 0.37 0.39 0.39
Accounts Receivable Turnover		 0.00 0.00 1,141.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 46.71 45.74 48.84 48.05 48.28 50.65 52.35 56.09 58.89 62.17
Accounts Payable Turnover		 5.41 6.60 6.15 7.92 7.11 6.73 7.78 7.93 6.68 6.76
Days Sales Outstanding (DSO)		 0.00 0.00 0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 67.44 55.29 59.33 46.09 51.31 54.20 46.94 46.01 54.61 54.03
Cash Conversion Cycle (CCC)		 -67.44 -55.29 -59.01 -46.09 -51.31 -54.20 -46.94 -46.01 -54.61 -54.03
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,442 2,360 2,439 2,364 2,354 2,390 2,451 2,367 2,367 2,243
Invested Capital Turnover		 0.47 0.45 0.48 0.47 0.49 0.51 0.52 0.55 0.57 0.60
Increase / (Decrease) in Invested Capital		 1,105 383 463 -69 -88 30 12 2.55 13 -148
Enterprise Value (EV)		 3,300 3,297 3,328 3,255 3,244 3,387 3,744 4,015 5,096 4,278
Market Capitalization		 1,509 1,544 1,495 1,489 1,481 1,545 1,890 2,239 3,324 2,619
Book Value per Share		 $5.63 $5.24 $5.22 $5.12 $5.06 $4.80 $9.67 $5.03 $5.06 $4.96
Tangible Book Value per Share		 ($16.31) ($16.49) ($16.34) ($16.15) ($16.06) ($16.01) ($29.34) ($15.37) ($15.18) ($15.16)
Total Capital		 2,692 2,591 2,626 2,577 2,548 2,624 2,686 2,727 2,712 2,555
Total Debt		 1,468 1,451 1,499 1,480 1,474 1,605 1,614 1,684 1,675 1,547
Total Long-Term Debt		 1,427 1,403 1,381 1,362 1,375 1,388 1,379 1,474 1,468 1,398
Net Debt		 1,218 1,220 1,312 1,267 1,280 1,384 1,380 1,323 1,330 1,234
Capital Expenditures (CapEx)		 6.84 3.22 5.00 5.24 3.92 7.22 8.15 11 9.93 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -71 -109 -61 -104 -92 -112 -101 -170 -155 -194
Debt-free Net Working Capital (DFNWC)		 179 121 126 109 103 109 133 190 190 119
Net Working Capital (NWC)		 138 73 7.66 -8.89 3.62 -108 -102 -19 -17 -30
Net Nonoperating Expense (NNE)		 26 45 28 32 32 42 -5.42 42 25 31
Net Nonoperating Obligations (NNO)		 1,218 1,220 1,312 1,267 1,280 1,371 1,380 1,323 1,330 1,234
Total Depreciation and Amortization (D&A)		 26 24 26 26 26 26 27 28 30 29
Debt-free, Cash-free Net Working Capital to Revenue		 -7.99% -11.12% -5.67% -9.18% -7.77% -9.18% -7.96% -12.94% -11.54% -13.98%
Debt-free Net Working Capital to Revenue		 20.05% 12.38% 11.82% 9.61% 8.71% 8.96% 10.51% 14.53% 14.11% 8.54%
Net Working Capital to Revenue		 15.39% 7.46% 0.72% -0.78% 0.31% -8.82% -8.03% -1.45% -1.29% -2.16%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.43) ($0.87) ($0.24) ($0.40) ($0.29) ($0.57) $0.35 ($0.28) ($0.13) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding		 57.28M 56.83M 58.71M 60.09M 60.55M 60.13M 61.86M 63.12M 64.01M 63.46M
Adjusted Diluted Earnings per Share		 ($0.43) ($0.84) ($0.24) ($0.40) ($0.29) ($0.57) $0.33 ($0.28) ($0.13) ($0.31)
Adjusted Weighted Average Diluted Shares Outstanding		 57.28M 56.83M 58.71M 60.09M 60.55M 60.13M 65.31M 63.12M 64.01M 63.46M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 116.03M 116.09M 116.80M 116.78M 116.75M 116.67M 117.55M 117.64M 117.58M 117.59M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.71 -16 20 -0.10 9.80 -17 46 15 10 -19
Normalized NOPAT Margin		 -2.20% -6.63% 6.01% -0.03% 3.20% -5.83% 12.13% 4.53% 2.99% -5.88%
Pre Tax Income Margin		 -18.01% -36.89% -7.80% -14.47% -10.40% -21.82% 10.45% -8.65% -4.27% -10.69%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -1.25 -2.58 0.08 -0.48 -0.04 -0.95 2.26 0.06 0.54 -0.20
NOPAT to Interest Expense		 -1.01 -1.84 0.09 -0.40 0.00 -0.65 1.07 0.37 0.34 -0.13
EBIT Less CapEx to Interest Expense		 -1.58 -2.71 -0.10 -0.66 -0.17 -1.18 2.00 -0.28 0.22 -0.61
NOPAT Less CapEx to Interest Expense		 -1.34 -1.96 -0.09 -0.58 -0.13 -0.88 0.81 0.02 0.03 -0.54
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -31.67% -12.24% -6.38% -0.17% -0.41% -0.53% -0.57% -12.98% -15.66% -26.96%
Augmented Payout Ratio		 -31.67% -12.24% -6.38% -0.17% -0.41% -0.53% -0.57% -12.98% -15.66% -26.96%

Frequently Asked Questions About The Baldwin Insurance Group's Financials

When does The Baldwin Insurance Group's financial year end?

According to the most recent income statement we have on file, The Baldwin Insurance Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has The Baldwin Insurance Group's net income changed over the last 6 years?

The Baldwin Insurance Group's net income appears to be on an upward trend, with a most recent value of -$41.08 million in 2024, falling from $2.69 million in 2018. The previous period was -$164.02 million in 2023.

What is The Baldwin Insurance Group's operating income?
The Baldwin Insurance Group's total operating income in 2024 was $60.65 million, based on the following breakdown:
  • Total Gross Profit: $356.99 million
  • Total Operating Expenses: $296.34 million
How has The Baldwin Insurance Group revenue changed over the last 6 years?

Over the last 6 years, The Baldwin Insurance Group's total revenue changed from $79.88 million in 2018 to $1.39 billion in 2024, a change of 1,638.9%.

How much debt does The Baldwin Insurance Group have?

The Baldwin Insurance Group's total liabilities were at $2.53 billion at the end of 2024, a 1.7% increase from 2023, and a 2,058.5% increase since 2018.

How much cash does The Baldwin Insurance Group have?

In the past 6 years, The Baldwin Insurance Group's cash and equivalents has ranged from $8.00 million in 2018 to $148.12 million in 2024, and is currently $148.12 million as of their latest financial filing in 2024.

How has The Baldwin Insurance Group's book value per share changed over the last 6 years?

Over the last 6 years, The Baldwin Insurance Group's book value per share changed from 0.00 in 2018 to 4.96 in 2024, a change of 496.0%.

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This page (NASDAQ:BWIN) was last updated on 4/15/2025 by MarketBeat.com Staff
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Get Your Bank Account “Fed Invasion” Ready with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank ac...
Weiss Ratings | Sponsored
Elon Musk Confirms: Tesla’s Optimus is Replacing Workers… and Heading to Mars
Elon Musk just confirmed Tesla’s robot will go to Mars. But on Earth, it may trigger a trillion-dollar tech sh...
InvestorPlace | Sponsored
Trump Orders 'National Digital Asset Stockpile'
‘Digital Asset Reserve’ for THIS Coin??? Get all the details before this story gains even more traction
Crypto 101 Media | Sponsored
Trump to redistribute trillions of dollars
Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to ...
Porter & Company | Sponsored
The Trump Dump is starting; Get out of stocks now?
The first 365 days of the Trump presidency… Will be the best time to get rich in American history.
Paradigm Press | Sponsored
America’s Retirement Accounts Are at Risk—Here’s Why
When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. ...
Premier Gold Co | Sponsored
Collect $7k per month from Tesla’s SECRET dividend
Tesla doesn't pay a traditional dividend.... But I just discovered a secret backdoor to collect a secret 69...
Investors Alley | Sponsored