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
DateValue
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