📊 BWIN Key Takeaways
Investment Thesis
Baldwin Insurance Group faces severe operational distress with negative net income of -$33.8M, negative operating cash flow of -$29.4M, and deteriorating free cash flow of -$68.9M despite modest revenue growth. The company's high leverage (2.67x debt-to-equity) combined with unprofitable operations and negative returns on equity (-5.6%) and assets (-0.9%) indicate fundamental business challenges that threaten long-term viability.
BWIN Strengths
- Stable revenue base of $1.5B with positive YoY growth of 0.8%
- Reasonable current ratio of 1.16x indicating near-term liquidity adequacy
- Operating income remains positive at $73.9M with 4.9% operating margin
BWIN Risks
- Net loss of $33.8M with deteriorating per-share profitability (EPS down 28.2% YoY)
- Negative free cash flow of -$68.9M indicating company is burning cash despite revenue generation
- Excessive leverage with $1.6B long-term debt against only $600.2M stockholders' equity and declining cash reserves
- Negative operating cash flow of -$29.4M suggests operational performance cannot support capital expenditures or debt service
- High level of insider activity (33 Form 4 filings in 90 days) may indicate management uncertainty or potential ownership concerns
Key Metrics to Watch
- Operating cash flow trend and return to positive territory
- Net income path to profitability and net margin improvement
- Free cash flow generation relative to debt service obligations
- Debt reduction progress and debt-to-equity ratio improvement
- Cash balance depletion rate given negative FCF trajectory
BWIN Financial Metrics
💡 AI Analyst Insight
Baldwin Insurance Group, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
BWIN Profitability Ratios
BWIN vs Finance Sector
How Baldwin Insurance Group, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BWIN Balance Sheet & Liquidity
BWIN 5-Year Financial Trend
5-Year Trend Summary: Baldwin Insurance Group, Inc.'s revenue has grown significantly by 23% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.50 indicates the company is currently unprofitable.
BWIN Growth Metrics (YoY)
BWIN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $335.2M | -$4.4M | $-0.07 |
| Q2 2025 | $337.1M | -$3.2M | $-0.05 |
| Q1 2025 | $378.1M | $13.9M | $0.20 |
| Q3 2024 | $304.2M | -$4.4M | $-0.07 |
| Q2 2024 | $295.6M | $4.0M | $0.06 |
| Q1 2024 | $329.5M | -$14.1M | $-0.24 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BWIN Capital Allocation
BWIN SEC Filings
Access official SEC EDGAR filings for Baldwin Insurance Group, Inc. (CIK: 0001781755)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773795012.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773794868.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773794736.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773794649.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773794560.xml | View → |
❓ Frequently Asked Questions about BWIN
What is the AI rating for BWIN?
Baldwin Insurance Group, Inc. (BWIN) has an AI rating of STRONG SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BWIN's key strengths?
Stable revenue base of $1.5B with positive YoY growth of 0.8%. Reasonable current ratio of 1.16x indicating near-term liquidity adequacy.
What are the risks of investing in BWIN?
Net loss of $33.8M with deteriorating per-share profitability (EPS down 28.2% YoY). Negative free cash flow of -$68.9M indicating company is burning cash despite revenue generation.
What is BWIN's revenue and growth?
Baldwin Insurance Group, Inc. reported revenue of $1.5B.
Does BWIN pay dividends?
Baldwin Insurance Group, Inc. does not currently pay dividends.
Where can I find BWIN SEC filings?
Official SEC filings for Baldwin Insurance Group, Inc. (CIK: 0001781755) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BWIN's EPS?
Baldwin Insurance Group, Inc. has a diluted EPS of $-0.50.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.