Baldwin Insurance (BWIN) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.4B
Gross Profit
344.2M
25.01%
Operating Income
55.7M
4.05%
Net Income
-41.1M
-2.99%
EPS (Diluted)
-$0.39
Balance Sheet Metrics
Total Assets
3.5B
Total Liabilities
2.5B
Shareholders Equity
1.0B
Debt to Equity
2.50
Cash Flow Metrics
Operating Cash Flow
147.0M
Free Cash Flow
61.1M
Revenue & Profitability Trend
Baldwin Insurance Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.4B | 1.2B | 969.5M | 560.0M | 231.7M |
| Cost of Goods Sold | 1.0B | 911.4M | 719.4M | 400.0M | 174.1M |
| Gross Profit | 344.2M | 296.4M | 250.0M | 159.9M | 57.6M |
| Operating Expenses | 179.6M | 179.5M | 162.5M | 94.8M | 86.9M |
| Operating Income | 55.7M | 18.5M | 1.2M | 13.6M | -1.4M |
| Pre-tax Income | -39.4M | -162.7M | -76.0M | -58.1M | -29.9M |
| Income Tax | 1.7M | 1.3M | 715.0K | 19.0K | -5.0K |
| Net Income | -41.1M | -164.0M | -76.7M | -58.1M | -29.9M |
| EPS (Diluted) | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 |
Income Statement Trend
Baldwin Insurance Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.0B | 925.9M | 772.4M | 578.4M | 302.0M |
| Non-Current Assets | 2.5B | 2.6B | 2.7B | 2.3B | 1.2B |
| Total Assets | 3.5B | 3.5B | 3.5B | 2.9B | 1.5B |
| Liabilities | |||||
| Current Liabilities | 1.1B | 1.0B | 699.2M | 540.7M | 217.4M |
| Non-Current Liabilities | 1.5B | 1.4B | 1.6B | 1.1B | 542.5M |
| Total Liabilities | 2.5B | 2.5B | 2.3B | 1.7B | 759.9M |
| Equity | |||||
| Total Shareholders Equity | 1.0B | 1.0B | 1.1B | 1.2B | 770.0M |
Balance Sheet Composition
Baldwin Insurance Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -41.1M | -164.0M | -76.7M | -58.1M | -29.9M |
| Operating Cash Flow | 147.0M | 49.8M | 35.1M | 48.0M | 38.4M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 54.3M | -546.0K | -392.4M | -673.2M | -672.3M |
| Financing Activities | |||||
| Dividends Paid | -264.0K | -385.0K | 0 | 0 | 0 |
| Financing Cash Flow | -29.6M | -26.2M | 889.6M | 759.1M | 386.9M |
| Free Cash Flow | 61.1M | 23.3M | -24.4M | 34.8M | 31.3M |
Cash Flow Trend
Baldwin Insurance Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-107.33
Forward P/E
20.36
Price to Book
4.50
Price to Sales
1.98
PEG Ratio
20.36
Profitability Ratios
Profit Margin
-2.26%
Operating Margin
15.79%
Return on Equity
-5.22%
Return on Assets
1.38%
Financial Health
Current Ratio
1.13
Debt to Equity
151.68
Beta
1.64
Per Share Data
EPS (TTM)
-$0.53
Book Value per Share
$8.87
Revenue per Share
$22.05
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| bwin | 2.8B | -107.33 | 4.50 | -5.22% | -2.26% | 151.68 |
| Marsh & McLennan | 108.0B | 26.88 | 7.68 | 30.53% | 16.13% | 157.13 |
| Arthur J. Gallagher | 83.0B | 50.02 | 3.72 | 9.30% | 13.86% | 60.05 |
| CorVel | 5.3B | 56.43 | 16.47 | 33.41% | 10.63% | 8.72 |
| Goosehead Insurance | 3.7B | 82.52 | -17.67 | 77.86% | 9.53% | -2.42 |
| Aon plc | 76.6B | 30.68 | 10.94 | 72.01% | 15.58% | 254.47 |
Financial data is updated regularly. All figures are in the company's reporting currency.