Growth Metrics

Baldwin Insurance (BWIN) Debt Ratio (2018 - 2026)

Baldwin Insurance (BWIN) reported Debt Ratio of 0.38 for Q1 2026, down 12.1% year-over-year from 0.43 in Q1 2025, and up 1171.15% on a QoQ basis from 0.03 in Q4 2025.

Baldwin Insurance (BWIN) has 9 years of Debt Ratio data on file, last reported at 0.38 in Q1 2026.

  • Quarterly Debt Ratio fell 12.1% year-over-year to 0.38 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.38 (down 12.1% YoY) and the FY2025 annual result came in at 0.03, down 25.73% from the prior year.
  • Debt Ratio rose to 0.38 in Q1 2026 per BWIN's latest filing, from 0.03 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.45 in Q3 2024 and bottomed at 0.03 in Q4 2025.
  • The 5-year median for Debt Ratio is 0.16 (2024), against an average of 0.19.
  • The widest annual swing landed in 2022, when Debt Ratio plunged 86.64%; it then soared 436.99% in 2023.
  • Tracing BWIN's Debt Ratio over 5 years: stood at 0.16 in 2022, then fell by 0.34% to 0.16 in 2023, then slumped by 74.54% to 0.04 in 2024, then fell by 25.73% to 0.03 in 2025, then jumped by 1171.15% to 0.38 in 2026.
  • Per Business Quant, the three latest BWIN Debt Ratio figures stand at 0.38 (Q1 2026), 0.03 (Q4 2025), and 0.42 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 0.29
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 0.16
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 0.21
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 0.27
5 XChange TEC.INC 6.95 Bn 6.95 Bn - 0.47
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn -
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn -
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 0.38
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 0.81
10 Twfg 279.02 Mn 351.22 Mn - 0.01

Historic Data

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DateValue
Mar 31, 2026 0.38
Dec 31, 2025 0.03
Sep 30, 2025 0.42
Jun 30, 2025 0.03
Mar 31, 2025 0.43
Dec 31, 2024 0.04
Sep 30, 2024 0.45
Jun 30, 2024 0.06
Mar 31, 2024 0.16
Dec 31, 2023 0.16
Sep 30, 2023 0.12
Jun 30, 2023 0.17
Mar 31, 2023 0.18
Dec 31, 2022 0.16
Sep 30, 2022 0.24
Jun 30, 2022 0.17
Mar 31, 2022 0.03
Dec 31, 2021 0.30
Sep 30, 2021 0.07
Jun 30, 2021 0.28
Mar 31, 2021 0.24
Dec 31, 2020 0.25
Sep 30, 2020 0.15
Jun 30, 2020 0.26
Mar 31, 2020 0.14
Dec 31, 2019 0.10
Sep 30, 2019 0.26
Dec 31, 2018 0.25