Baldwin Insurance BWIN
NASDAQ BWIN
$31.95 +0.06 (+0.19%)
At close: Sep 22, 2026 · 4:00 PM EDT

Baldwin Insurance (BWIN) Free Cash Flow (2018 - 2026)

Baldwin Insurance's (BWIN) quarterly Free Cash Flow came in at $30.4 million in Q2 2026, up 208.1% year-over-year from $9.9 million in Q2 2025, and up 262.11% quarter-over-quarter from -$18.7 million in Q1 2026.

Analysis

Baldwin Insurance (BWIN) Free Cash Flow (2018 - 2026) Analysis & Trends

Baldwin Insurance (BWIN) has reported Free Cash Flow for 9 consecutive years, with $30.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 208.1% year-over-year to $30.4 million in Q2 2026; TTM through Jun 2026 was $43.7 million, a 146.87% increase from a year earlier, with the FY2025 full-year figure at -$68.9 million, down 762.68% from the prior year.
  • Free Cash Flow was $30.4 million for Q2 2026 at Baldwin Insurance, up from -$18.7 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $44.3 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 -$6.6 million in 2022 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow surged 655.56% in 2023 and sank 1318.88% in 2025, its largest moves.
  • Over 5 years, Free Cash Flow stood at $7.6 million in 2022, then plunged by 493.75% to -$30.0 million in 2023, then soared by 51.78% to -$14.5 million in 2024, then jumped by 99.42% to -$84000.0 in 2025, then soared by 36260.71% to $30.4 million in 2026.
  • The last three Free Cash Flow figures came in at $30.4 million (Q2 2026), -$18.7 million (Q1 2026), and -$84000.0 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Marsh & Mclennan Companies 81.24 Bn 69.29 Bn 6.04 Bn 1.49 Bn
2 Aon 60.67 Bn 59.43 Bn - 483.00 Mn
3 Arthur J. Gallagher 59.09 Bn 57.73 Bn - -41.00 Mn
4 Willis Towers Watson 28.02 Bn 26.44 Bn 2.09 Bn 425.00 Mn
5 Brown & Brown 20.61 Bn 19.72 Bn 1.41 Bn 329.00 Mn
6 XChange TEC.INC 11.95 Bn 11.95 Bn - -
7 Erie Indemnity 10.83 Bn 10.48 Bn - 173.40 Mn
8 Ryan Specialty Holdings 9.82 Bn 10.19 Bn - 275.86 Mn
9 Hagerty 4.67 Bn 4.81 Bn 244.11 Mn 161.66 Mn
10 Baldwin Insurance 4.45 Bn 4.81 Bn - 30.38 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 30.38 Mn
Mar 31, 2026 -18.74 Mn
Dec 31, 2025 -84,000.00
Sep 30, 2025 32.15 Mn
Jun 30, 2025 -28.10 Mn
Mar 31, 2025 -72.92 Mn
Dec 31, 2024 -14.45 Mn
Sep 30, 2024 22.22 Mn
Jun 30, 2024 7.78 Mn
Mar 31, 2024 -5.14 Mn
Dec 31, 2023 -29.97 Mn
Sep 30, 2023 -18.16 Mn
Jun 30, 2023 44.33 Mn
Mar 31, 2023 -17.53 Mn
Dec 31, 2022 7.61 Mn
Sep 30, 2022 -18.85 Mn
Jun 30, 2022 -7.98 Mn
Mar 31, 2022 -5.23 Mn
Dec 31, 2021 10.96 Mn
Sep 30, 2021 -23.81 Mn
API Access

Baldwin Insurance Free Cash Flow API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=free-cash-flow&ticker=BWIN&period=max&api_key=YOUR_API_KEY