Baldwin Insurance BWIN
NASDAQ BWIN
$28.23 -1.48 (-4.98%)
As of: Sep 9, 2026 · 3:59 PM EDT

Baldwin Insurance (BWIN) EBITDA (2018 - 2026)

Baldwin Insurance's (BWIN) quarterly EBITDA came in at -$5.6 million in Q2 2026, down 118.83% year-over-year from $29.6 million in Q2 2025, and up 94.39% quarter-over-quarter from -$99.2 million in Q1 2026.

Analysis

Baldwin Insurance (BWIN) EBITDA (2018 - 2026) Analysis & Trends

Baldwin Insurance (BWIN) has reported EBITDA for 9 consecutive years, with -$5.6 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EBITDA fell 118.83% year-over-year to -$5.6 million in Q2 2026; TTM through Jun 2026 was -$111.5 million, a 211.26% decrease from a year earlier, with the FY2025 full-year figure at $80.4 million, up 20.35% from the prior year.
  • EBITDA was -$5.6 million for Q2 2026 at Baldwin Insurance, up from -$99.2 million in the prior quarter.
  • Over five years, EBITDA peaked at $57.6 million in Q1 2025 and troughed at -$99.2 million in Q1 2026.
  • A 5-year average of -$1.2 million and a median of $3.2 million in 2023 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA surged 1002.21% in 2024 and tumbled 272.28% in 2026, its largest moves.
  • Over 5 years, EBITDA stood at -$65.1 million in 2022, then soared by 56.57% to -$28.3 million in 2023, then surged by 86.23% to -$3.9 million in 2024, then plunged by 197.89% to -$11.6 million in 2025, then soared by 51.97% to -$5.6 million in 2026.
  • The last three EBITDA figures came in at -$5.6 million (Q2 2026), -$99.2 million (Q1 2026), and -$11.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Marsh & Mclennan Companies 85.01 Bn 72.80 Bn 6.04 Bn 1.90 Bn
2 Aon 65.00 Bn 63.73 Bn - 964.00 Mn
3 Arthur J. Gallagher 62.74 Bn 61.35 Bn - 639.00 Mn
4 Willis Towers Watson 29.53 Bn 27.87 Bn 2.09 Bn 364.00 Mn
5 Brown & Brown 22.19 Bn 21.27 Bn 1.41 Bn 130.00 Mn
6 XChange TEC.INC 17.23 Bn 17.23 Bn - -
7 Erie Indemnity 11.26 Bn 10.91 Bn - 204.12 Mn
8 Ryan Specialty Holdings 4.93 Bn 4.79 Bn - 184.45 Mn
9 Neptune Insurance Holdings 4.36 Bn 4.34 Bn - 26.55 Mn
10 Baldwin Insurance 2.60 Bn 2.42 Bn - -5.57 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -5.57 Mn
Mar 31, 2026 -99.24 Mn
Dec 31, 2025 -11.60 Mn
Sep 30, 2025 4.87 Mn
Jun 30, 2025 29.58 Mn
Mar 31, 2025 57.60 Mn
Dec 31, 2024 -3.89 Mn
Sep 30, 2024 16.96 Mn
Jun 30, 2024 18.02 Mn
Mar 31, 2024 35.76 Mn
Dec 31, 2023 -28.28 Mn
Sep 30, 2023 1.54 Mn
Jun 30, 2023 -15.08 Mn
Mar 31, 2023 4.97 Mn
Dec 31, 2022 -65.11 Mn
Sep 30, 2022 -28.64 Mn
Jun 30, 2022 26.54 Mn
Mar 31, 2022 40.73 Mn
Dec 31, 2021 -36.98 Mn
Sep 30, 2021 -16.43 Mn