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% on a QoQ basis from $36.1 million in Q4 2025.
Baldwin Insurance (BWIN) has 9 years of Free Cash Flow data on file, last reported at -$18.7 million in Q1 2026.
- Quarterly Free Cash Flow rose 74.3% year-over-year to -$18.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $21.4 million (up 137.33% YoY) and the FY2025 annual result came in at -$32.8 million, down 414.9% from the prior year.
- Free Cash Flow fell to -$18.7 million in Q1 2026 per BWIN's latest filing, from $36.1 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $49.3 million in Q2 2023 and bottomed at -$72.9 million in Q1 2025.
- The 5-year median for Free Cash Flow is -$6.8 million (2022), against an average of -$5.1 million.
- The widest annual swing landed in 2023, when Free Cash Flow jumped 643.9%; it then slumped 1318.88% in 2025.
- Tracing BWIN's Free Cash Flow over 5 years: stood at -$4.4 million in 2022, then slumped by 576.26% to -$30.0 million in 2023, then surged by 51.78% to -$14.5 million in 2024, then soared by 349.77% to $36.1 million in 2025, then plunged by 151.9% to -$18.7 million in 2026.
- Per Business Quant, the three latest BWIN Free Cash Flow figures stand at -$18.7 million (Q1 2026), $36.1 million (Q4 2025), and $32.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 363.00 Mn |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 921.00 Mn |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | -65.00 Mn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 241.00 Mn |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | -28.10 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 46.14 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -18.74 Mn |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 17.17 Mn |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 22.43 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 |
| Sep 30, 2023 | -25.18 Mn |
| Sep 30, 2023 | -25.18 Mn |
| Jun 30, 2023 | 49.35 Mn |
| Jun 30, 2023 | 49.35 Mn |
| Mar 31, 2023 | -15.53 Mn |
| Mar 31, 2023 | -15.53 Mn |
| Dec 31, 2022 | -4.43 Mn |
| Dec 31, 2022 | -4.43 Mn |
| Sep 30, 2022 | -6.80 Mn |
| Sep 30, 2022 | -6.80 Mn |
| Jun 30, 2022 | -9.07 Mn |
| Jun 30, 2022 | -9.07 Mn |
| Mar 31, 2022 | -4.13 Mn |
| Mar 31, 2022 | -4.13 Mn |
| Dec 31, 2021 | 15.93 Mn |
| Dec 31, 2021 | 15.93 Mn |
| Sep 30, 2021 | -23.99 Mn |
| Sep 30, 2021 | -23.99 Mn |
| Jun 30, 2021 | 45.56 Mn |
| Jun 30, 2021 | 45.56 Mn |
| Mar 31, 2021 | 2.29 Mn |
| Mar 31, 2021 | 2.29 Mn |
| Dec 31, 2020 | 8.33 Mn |
| Dec 31, 2020 | 8.33 Mn |
| Sep 30, 2020 | -14.39 Mn |
| Sep 30, 2020 | -14.39 Mn |
| Jun 30, 2020 | 36.64 Mn |
| Jun 30, 2020 | 36.64 Mn |
| Mar 31, 2020 | 4.39 Mn |
| Mar 31, 2020 | 4.39 Mn |
| Dec 31, 2019 | -1.88 Mn |
| Dec 31, 2019 | -1.88 Mn |
| Sep 30, 2019 | 5.82 Mn |
| Sep 30, 2019 | 5.82 Mn |
| Jun 30, 2019 | 3.63 Mn |
| Jun 30, 2019 | 3.63 Mn |
| Mar 31, 2019 | 4.45 Mn |
| Mar 31, 2019 | 4.45 Mn |
| Dec 31, 2018 | -4.73 Mn |
| Dec 31, 2018 | -4.73 Mn |