Baldwin Insurance (BWIN) Free Cash Flow (2018 - 2026)
Baldwin Insurance (BWIN) reported Free Cash Flow of -$18.7 million for Q1 2026, up 74.3% year-over-year from -$10.7 million in Q1 2025, and down 151.9% quarter-over-quarter from $36.1 million in Q4 2025.
Baldwin Insurance (BWIN) Free Cash Flow (2018 - 2026) Analysis & Trends
Baldwin Insurance (BWIN) has 9 years of Free Cash Flow data on file, last reported at -$18.7 million in Q1 2026.
- Free Cash Flow for Q1 2026 came in at -$18.7 million, up 74.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $21.4 million (up 137.33% YoY), and the FY2025 annual result was -$32.8 million, down 414.9% from the prior year.
- Free Cash Flow declined to -$18.7 million in Q1 2026 per BWIN's latest filing, from $36.1 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $49.3 million in Q2 2023 and troughed at -$72.9 million in Q1 2025.
- A 5-year average of -$5.1 million and a median of -$6.8 million in 2022 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow soared 643.9% in 2023, then plunged 1318.88% in 2025.
- A 5-year view of Free Cash Flow shows it stood at -$4.4 million in 2022, then plunged by 576.26% to -$30.0 million in 2023, then jumped by 51.78% to -$14.5 million in 2024, then surged by 349.77% to $36.1 million in 2025, then slumped by 151.9% to -$18.7 million in 2026.
- Business Quant data shows BWIN's Free Cash Flow at -$18.7 million in Q1 2026, $36.1 million in Q4 2025, and $32.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | -750.00 Mn |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 363.00 Mn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 921.00 Mn |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | -65.00 Mn |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 241.00 Mn |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 15.60 Mn |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 46.14 Mn |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | -28.10 Mn |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -18.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.74 Mn |
| Mar 31, 2026 | -18.74 Mn |
| Dec 31, 2025 | 36.10 Mn |
| Dec 31, 2025 | 36.10 Mn |
| Sep 30, 2025 | 32.15 Mn |
| Sep 30, 2025 | 32.15 Mn |
| Jun 30, 2025 | -28.10 Mn |
| Jun 30, 2025 | -28.10 Mn |
| Mar 31, 2025 | -72.92 Mn |
| Mar 31, 2025 | -72.92 Mn |
| Dec 31, 2024 | -14.45 Mn |
| Dec 31, 2024 | -14.45 Mn |
| Sep 30, 2024 | 22.22 Mn |
| Sep 30, 2024 | 22.22 Mn |
| Jun 30, 2024 | 7.78 Mn |
| Jun 30, 2024 | 7.78 Mn |
| Mar 31, 2024 | -5.14 Mn |
| Mar 31, 2024 | -5.14 Mn |
| Dec 31, 2023 | -29.97 Mn |
| Dec 31, 2023 | -29.97 Mn |