Baldwin Insurance (BWIN) EBITDA (2018 - 2026)

Baldwin Insurance (BWIN) reported EBITDA of $4.6 million for Q1 2026, down 67.09% year-over-year from $13.9 million in Q1 2025, and up 117.36% quarter-over-quarter from -$26.4 million in Q4 2025.

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

Baldwin Insurance (BWIN) has 9 years of EBITDA data on file, last reported at $4.6 million in Q1 2026.

  • EBITDA for Q1 2026 came in at $4.6 million, down 67.09% year-over-year; the trailing twelve-month figure through Mar 2026 was -$44.6 million (up 15.65% YoY), and the FY2025 annual result was -$33.3 million, up 18.89% from the prior year.
  • EBITDA improved to $4.6 million in Q1 2026 per BWIN's latest filing, from -$26.4 million in the prior quarter.
  • Over five years, EBITDA peaked at $44.8 million in Q1 2022 and troughed at -$62.5 million in Q4 2023.
  • A 5-year average of -$13.4 million and a median of -$17.6 million in 2024 frame the typical range for EBITDA.
  • The sharpest annual moves came in 2023 and 2024: EBITDA slumped 376.52% in 2023, then soared 252.69% in 2024.
  • A 5-year view of EBITDA shows it stood at -$48.5 million in 2022, then decreased by 28.88% to -$62.5 million in 2023, then surged by 44.25% to -$34.8 million in 2024, then rose by 24.17% to -$26.4 million in 2025, then jumped by 117.36% to $4.6 million in 2026.
  • Business Quant data shows BWIN's EBITDA at $4.6 million in Q1 2026, -$26.4 million in Q4 2025, and -$17.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 1.75 Bn
2 Aon 69.98 Bn 68.59 Bn - 1.76 Bn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 1.26 Bn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 261.00 Mn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 1.61 Bn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 13.44 Mn
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 32.23 Mn
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 12.10 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 4.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.59 Mn
Dec 31, 2025 -26.42 Mn
Sep 30, 2025 -17.68 Mn
Jun 30, 2025 -5.14 Mn
Mar 31, 2025 13.94 Mn
Dec 31, 2024 -34.84 Mn
Sep 30, 2024 -14.48 Mn
Jun 30, 2024 -17.56 Mn
Mar 31, 2024 21.58 Mn
Dec 31, 2023 -62.50 Mn
Sep 30, 2023 -32.01 Mn
Jun 30, 2023 -23.90 Mn
Mar 31, 2023 -14.13 Mn
Dec 31, 2022 -48.49 Mn
Sep 30, 2022 -24.79 Mn
Jun 30, 2022 8.64 Mn
Mar 31, 2022 44.84 Mn
Dec 31, 2021 -50.12 Mn
Sep 30, 2021 -13.21 Mn
Jun 30, 2021 -10.09 Mn