The Baldwin Insurance Group (BRP) Financials

$40.71 -1.18 (-2.82%)

As of 05/5/2025

Annual Income Statements for The Baldwin Insurance Group

This table shows The Baldwin Insurance Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.62	-8.65	-16	-31	-42	-90	-25
Consolidated Net Income / (Loss)	2.69	-22	-30	-58	-77	-164	-41
Net Income / (Loss) Continuing Operations	2.69	-22	-30	-58	-77	-164	-41
Total Pre-Tax Income	2.69	-22	-30	-58	-76	-163	-39
Total Operating Income	9.53	-5.07	-22	-32	-31	-43	61
Total Gross Profit	28	41	67	167	261	307	357
Total Revenue	80	138	241	567	981	1,219	1,389
Operating Revenue	80	138	241	567	981	1,219	1,389
Total Cost of Revenue	52	97	174	400	719	911	1,032
Operating Cost of Revenue	52	97	174	400	719	911	1,032
Total Operating Expenses	19	46	89	199	292	350	296
Selling, General & Admin Expense	14	25	48	102	174	190	192
Depreciation Expense	0.51	0.54	1.13	2.79	4.62	5.70	6.19
Amortization Expense	2.58	10	19	49	82	93	103
Other Special Charges / (Income)	-	-	-	45	32	61	-4.95
Total Other Income / (Expense), net	-6.84	-17	-7.95	-26	-45	-120	-100
Interest Expense	6.63	17	7.86	27	71	119	124
Other Income / (Expense), net	-0.22	0.00	-0.10	0.42	26	-0.72	24
Income Tax Expense	0.00	0.02	-0.01	0.02	0.72	1.29	1.73
Net Income / (Loss) Attributable to Noncontrolling Interest	3.31	-14	-14	-27	-35	-74	-17
Basic Earnings per Share	$0.00	$0.00	($0.58)	($0.64)	($0.74)	($1.50)	($0.39)
Weighted Average Basic Shares Outstanding	0.00	0.00	27.18M	47.59M	56.83M	60.13M	63.46M
Diluted Earnings per Share	$0.00	$0.00	($0.58)	($0.64)	($0.74)	($1.50)	($0.39)
Weighted Average Diluted Shares Outstanding	0.00	0.00	27.18M	47.59M	56.83M	60.13M	63.46M
Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	27.18M	47.59M	116.09M	116.67M	117.59M

This table shows The Baldwin Insurance Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-25	-48	-14	-24	-18	-34	22	-18	-8.38	-20
Consolidated Net Income / (Loss)	-47	-91	-26	-44	-32	-62	39	-31	-14	-35
Net Income / (Loss) Continuing Operations	-47	-91	-26	-44	-32	-62	39	-31	-14	-35
Total Pre-Tax Income	-47	-91	-26	-43	-32	-62	40	-29	-14	-35
Total Operating Income	-30	-66	3.62	-17	0.09	-30	34	16	15	-5.47
Total Gross Profit	63	49	99	72	86	50	118	96	92	51
Total Revenue	259	246	330	297	306	285	380	340	339	330
Operating Revenue	259	246	330	297	306	285	380	340	339	330
Total Cost of Revenue	196	197	231	225	220	235	262	244	247	278
Operating Cost of Revenue	196	197	231	225	220	235	262	244	247	278
Total Operating Expenses	93	116	96	88	86	80	84	79	76	57
Selling, General & Admin Expense	47	49	47	47	47	49	46	47	49	51
Depreciation Expense	1.22	1.31	1.35	1.45	1.45	1.45	1.51	1.56	1.56	1.58
Amortization Expense	23	22	23	23	23	23	24	25	27	26
Other Special Charges / (Income)	22	43	25	16	14	6.02	13	5.55	-0.95	-22
Total Other Income / (Expense), net	-17	-24	-29	-26	-32	-32	5.51	-46	-30	-30
Interest Expense	21	25	28	29	31	32	32	31	31	29
Other Income / (Expense), net	3.91	0.99	-1.51	2.67	-1.35	-0.53	37	-15	1.45	-0.34
Income Tax Expense	0.00	0.72	0.08	0.67	0.16	0.38	0.67	1.48	0.00	-0.42
Net Income / (Loss) Attributable to Noncontrolling Interest	-22	-43	-12	-20	-14	-28	18	-13	-6.10	-15
Basic Earnings per Share	($0.43)	($0.87)	($0.24)	($0.40)	($0.29)	($0.57)	$0.35	($0.28)	($0.13)	($0.33)
Weighted Average Basic Shares Outstanding	57.28M	56.83M	58.71M	60.09M	60.55M	60.13M	61.86M	63.12M	64.01M	63.46M
Diluted Earnings per Share	($0.43)	($0.84)	($0.24)	($0.40)	($0.29)	($0.57)	$0.33	($0.28)	($0.13)	($0.31)
Weighted Average Diluted Shares Outstanding	57.28M	56.83M	58.71M	60.09M	60.55M	60.13M	65.31M	63.12M	64.01M	63.46M
Weighted Average Basic & Diluted Shares Outstanding	116.03M	116.09M	116.80M	116.78M	116.75M	116.67M	117.55M	117.64M	117.58M	117.59M

This table details how cash moves in and out of The Baldwin Insurance Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	4.87	63	71	86	2.73	-3.51	86
Net Cash From Operating Activities	12	12	37	40	-2.46	45	102
Net Cash From Continuing Operating Activities	12	12	37	40	-2.46	45	102
Net Income / (Loss) Continuing Operations	2.69	-22	-30	-58	-77	-164	-41
Consolidated Net Income / (Loss)	2.69	-22	-30	-58	-77	-164	-41
Depreciation Expense	3.09	11	20	52	86	98	109
Amortization Expense	0.12	1.31	1.00	3.51	5.12	5.13	5.84
Non-Cash Adjustments To Reconcile Net Income	6.61	16	20	-47	-209	-82	-27
Changes in Operating Assets and Liabilities, net	-0.71	6.44	26	91	191	187	56
Net Cash From Investing Activities	-43	-101	-678	-678	-414	-22	13
Net Cash From Continuing Investing Activities	-43	-101	-678	-678	-414	-22	13
Purchase of Property, Plant & Equipment	-7.43	-2.40	-7.32	-8.53	-22	-21	-41
Acquisitions	-35	-98	-669	-668	-391	-2.12	-0.27
Purchase of Investments	0.00	-0.20	-1.25	-1.91	-1.10	-1.69	-3.86
Divestitures	-	-	-	-	0.00	3.26	57
Other Investing Activities, net	-	-	-	-	0.00	0.00	1.50
Net Cash From Financing Activities	36	152	712	724	420	-26	-30
Net Cash From Continuing Financing Activities	36	152	712	724	420	-26	-30
Repayment of Debt	-0.88	-155	-331	-392	-52	-289	-1,468
Payment of Dividends	-9.95	-11	0.00	0.00	-9.39	-0.87	-11
Issuance of Debt	49	119	672	862	512	281	1,546
Other Financing Activities, net	-2.68	-35	-81	-15	-31	-17	-97
Cash Interest Paid	3.37	9.49	5.96	22	63	105	111
Cash Income Taxes Paid	-	-	0.00	0.00	1.42	1.43	2.75

This table details how cash moves in and out of The Baldwin Insurance Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-33	-20	-44	26	-19	33	7.35	126	-15	-32
Net Cash From Operating Activities	-12	14	-14	49	-13	22	2.89	81	2.11	16
Net Cash From Continuing Operating Activities	-12	14	-14	49	-13	22	2.89	81	2.11	16
Net Income / (Loss) Continuing Operations	-47	-91	-26	-44	-32	-62	39	-31	-14	-35
Consolidated Net Income / (Loss)	-47	-91	-26	-44	-32	-62	39	-31	-14	-35
Depreciation Expense	24	23	25	25	25	25	26	27	28	28
Amortization Expense	1.42	1.23	1.24	1.09	1.24	1.55	1.55	1.45	1.42	1.42
Non-Cash Adjustments To Reconcile Net Income	-32	-48	-33	0.75	-2.05	-47	-112	-41	114	12
Changes in Operating Assets and Liabilities, net	40	130	19	67	-4.45	105	49	124	-127	9.56
Net Cash From Investing Activities	-18	-6.89	-5.10	-5.50	-6.35	-4.97	45	-9.01	-9.99	-12
Net Cash From Continuing Investing Activities	-18	-6.89	-5.10	-5.50	-6.35	-4.97	45	-9.01	-9.99	-12
Purchase of Property, Plant & Equipment	-6.84	-3.22	-5.00	-5.24	-3.92	-7.22	-8.15	-11	-9.93	-12
Purchase of Investments	-0.12	-0.31	-0.10	-0.26	-0.31	-1.01	-3.19	-0.15	-0.36	-0.16
Net Cash From Financing Activities	-3.73	-27	-25	-18	0.48	16	-40	54	-7.58	-36
Net Cash From Continuing Financing Activities	-3.73	-27	-25	-18	0.48	16	-40	54	-7.58	-36
Repayment of Debt	-17	-24	-72	-27	-181	-9.11	-80	-1,372	-2.85	-13
Issuance of Debt	17	-	50	10	198	23	70	1,465	-	11
Other Financing Activities, net	-3.57	-3.09	-2.41	-0.43	-16	1.88	-30	-27	-4.73	-34
Cash Interest Paid	19	21	25	26	26	28	28	27	19	38
Cash Income Taxes Paid	0.19	0.36	0.00	1.35	-0.14	0.22	0.15	2.02	0.54	0.03

This table presents The Baldwin Insurance Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	140	399	1,530	2,876	3,462	3,502	3,535
Total Current Assets	39	133	302	578	772	926	1,026
Cash & Equivalents	8.00	68	108	138	118	116	148
Restricted Cash	0.00	3.38	34	89	112	105	165
Prepaid Expenses	1.10	3.02	4.45	8.15	9.94	13	12
Other Current Assets	29	59	156	341	532	628	702
Other Current Nonoperating Assets	-	-	-	-	0.00	64	0.00
Plant, Property, & Equipment, net	2.15	3.32	11	17	25	23	22
Total Noncurrent Assets	99	263	1,217	2,280	2,664	2,553	2,486
Goodwill	66	164	652	1,229	1,422	1,412	1,412
Intangible Assets	30	92	554	944	1,100	1,017	953
Other Noncurrent Operating Assets	3.58	5.60	11	107	142	124	120
Total Liabilities & Shareholders' Equity	140	399	1,530	2,876	3,462	3,502	3,535
Total Liabilities	117	161	760	1,689	2,322	2,483	2,526
Total Current Liabilities	33	73	217	541	699	1,033	1,056
Short-Term Debt	0.83	2.48	6.09	97	48	217	149
Accounts Payable	5.25	12	51	92	126	145	161
Accrued Expenses	3.96	7.47	24	36	54	64	73
Other Current Liabilities	23	51	136	316	471	556	674
Other Current Nonoperating Liabilities	-	-	-	-	0.00	44	0.00
Total Noncurrent Liabilities	84	89	543	1,148	1,623	1,450	1,470
Long-Term Debt	72	40	381	850	1,315	1,309	1,398
Other Noncurrent Operating Liabilities	12	48	161	227	220	61	71
Commitments & Contingencies	-	-	-	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	86	0.02	0.10	0.27	0.49	0.39	0.45
Total Equity & Noncontrolling Interests	-63	237	770	1,187	1,140	1,018	1,008
Total Preferred & Common Equity	-64	73	368	608	608	560	583
Total Common Equity	-64	73	368	608	608	560	583
Common Stock	-64	83	393	664	705	747	795
Retained Earnings	0.00	-8.65	-24	-55	-97	-187	-211
Noncontrolling Interest	0.94	164	402	579	531	458	425

This table presents The Baldwin Insurance Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	3,412	3,448	3,465	3,423	3,510	3,680	3,539
Total Current Assets	711	780	818	802	951	1,137	1,014
Cash & Equivalents	159	81	106	79	112	208	182
Restricted Cash	92	106	107	115	122	152	163
Prepaid Expenses	12	13	12	12	15	14	13
Other Current Assets	446	580	594	595	702	763	656
Other Current Nonoperating Assets	-	-	-	-	0.00	0.00	0.00
Plant, Property, & Equipment, net	25	25	24	24	23	22	21
Total Noncurrent Assets	2,677	2,642	2,622	2,597	2,536	2,521	2,503
Goodwill	1,421	1,422	1,422	1,422	1,412	1,412	1,412
Intangible Assets	1,118	1,081	1,063	1,045	1,000	985	969
Other Noncurrent Operating Assets	138	139	138	130	123	123	122
Total Liabilities & Shareholders' Equity	3,412	3,448	3,465	3,423	3,510	3,680	3,539
Total Liabilities	2,188	2,321	2,368	2,350	2,438	2,637	2,502
Total Current Liabilities	573	773	827	798	1,053	1,156	1,032
Short-Term Debt	42	119	118	99	235	210	207
Accounts Payable	114	110	110	131	132	132	164
Accrued Expenses	61	63	65	66	86	74	71
Other Current Liabilities	357	481	535	502	600	741	589
Other Current Nonoperating Liabilities	-	-	-	-	0.00	0.00	0.00
Total Noncurrent Liabilities	1,615	1,548	1,541	1,551	1,385	1,481	1,471
Long-Term Debt	1,338	1,294	1,278	1,294	1,301	1,400	1,399
Capital Lease Obligations	89	87	85	82	78	74	69
Other Noncurrent Operating Liabilities	188	168	178	176	6.46	6.50	2.63
Redeemable Noncontrolling Interest	0.42	0.54	0.50	0.33	0.46	0.29	0.38
Total Equity & Noncontrolling Interests	1,224	1,127	1,097	1,074	1,071	1,043	1,036
Total Preferred & Common Equity	652	606	599	591	598	591	595
Total Common Equity	652	606	599	591	598	591	595
Common Stock	700	717	733	743	763	774	787
Retained Earnings	-48	-111	-135	-152	-165	-183	-191
Noncontrolling Interest	572	520	498	483	473	452	441

This table displays calculated financial ratios and metrics derived from The Baldwin Insurance Group's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	72.56%	74.78%	135.47%	72.88%	24.25%	13.99%
EBITDA Growth	0.00%	-45.73%	-112.71%	2,856.02%	263.33%	-30.35%	230.32%
EBIT Growth	0.00%	-154.38%	-335.00%	-41.61%	84.10%	-772.18%	294.81%
NOPAT Growth	0.00%	-137.23%	-332.87%	-44.16%	1.67%	-36.83%	242.53%
Net Income Growth	0.00%	-935.03%	-33.09%	-94.48%	-32.05%	-113.71%	74.95%
EPS Growth	0.00%	0.00%	0.00%	-10.34%	-15.63%	-102.70%	74.00%
Operating Cash Flow Growth	0.00%	1.87%	206.45%	9.00%	-106.14%	1,913.32%	128.81%
Free Cash Flow Firm Growth	0.00%	0.00%	-558.87%	-19.76%	58.87%	85.24%	418.24%
Invested Capital Growth	0.00%	137.89%	385.74%	94.73%	19.37%	1.27%	-6.18%
Revenue Q/Q Growth	0.00%	0.00%	15.92%	18.74%	9.72%	3.27%	3.37%
EBITDA Q/Q Growth	0.00%	0.00%	90.34%	-36.43%	-20.34%	159.28%	16.11%
EBIT Q/Q Growth	0.00%	0.00%	17.53%	-314.42%	-120.19%	44.85%	40.81%
NOPAT Q/Q Growth	0.00%	0.00%	17.88%	-320.06%	-1,126.75%	46.31%	66.63%
Net Income Q/Q Growth	0.00%	0.00%	20.73%	-76.91%	-158.76%	15.01%	40.24%
EPS Q/Q Growth	0.00%	0.00%	-176.19%	-16.36%	-105.56%	15.25%	40.00%
Operating Cash Flow Q/Q Growth	0.00%	-26.68%	30.48%	21.28%	30.94%	20.69%	-5.02%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-12.45%	63.44%	-283.86%	1,448.57%
Invested Capital Q/Q Growth	0.00%	0.00%	117.55%	47.94%	-3.34%	1.55%	-5.26%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	35.34%	29.66%	27.73%	29.48%	26.64%	25.21%	25.70%
EBITDA Margin	15.68%	4.93%	-0.36%	4.20%	8.82%	4.95%	14.33%
Operating Margin	11.93%	-3.68%	-9.11%	-5.57%	-3.17%	-3.49%	4.37%
EBIT Margin	11.66%	-3.67%	-9.15%	-5.50%	-0.51%	-3.55%	6.07%
Profit (Net Income) Margin	3.37%	-16.29%	-12.40%	-10.25%	-7.83%	-13.46%	-2.96%
Tax Burden Percent	100.00%	100.08%	99.98%	100.03%	100.94%	100.79%	104.40%
Interest Burden Percent	28.87%	442.98%	135.66%	186.21%	1,532.61%	376.10%	-46.68%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.84%	-2.39%	-2.51%	-1.48%	-1.00%	-1.25%	1.83%
ROIC Less NNEP Spread (ROIC-NNEP)	0.33%	-105.02%	-15.88%	-8.43%	-6.47%	-11.61%	-4.58%
Return on Net Nonoperating Assets (RNNOA)	0.95%	-14.88%	-3.43%	-4.46%	-5.59%	-13.94%	-5.88%
Return on Equity (ROE)	11.79%	-17.27%	-5.93%	-5.94%	-6.59%	-15.19%	-4.05%
Cash Return on Invested Capital (CROIC)	0.00%	-84.01%	-134.22%	-65.76%	-18.66%	-2.51%	8.21%
Operating Return on Assets (OROA)	6.66%	-1.88%	-2.28%	-1.42%	-0.16%	-1.24%	2.40%
Return on Assets (ROA)	1.92%	-8.34%	-3.10%	-2.64%	-2.42%	-4.71%	-1.17%
Return on Common Equity (ROCE)	-32.94%	-0.64%	-2.60%	-2.96%	-3.45%	-8.22%	-2.29%
Return on Equity Simple (ROE_SIMPLE)	-4.22%	-30.64%	-8.13%	-9.55%	-12.62%	-29.27%	-7.04%
Net Operating Profit after Tax (NOPAT)	9.53	-3.55	-15	-22	-22	-30	42
NOPAT Margin	11.93%	-2.57%	-6.37%	-3.90%	-2.22%	-2.44%	3.06%
Net Nonoperating Expense Percent (NNEP)	10.51%	102.63%	13.38%	6.95%	5.47%	10.36%	6.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-0.84%	-1.14%	1.66%
Cost of Revenue to Revenue	64.66%	70.34%	72.27%	70.52%	73.36%	74.79%	74.30%
SG&A Expenses to Revenue	18.00%	17.83%	19.95%	18.01%	17.71%	15.61%	13.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.41%	33.34%	36.84%	35.06%	29.81%	28.70%	21.33%
Earnings before Interest and Taxes (EBIT)	9.31	-5.07	-22	-31	-4.96	-43	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	6.80	-0.86	24	87	60	199
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.21	2.82	2.54	2.76	4.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	3.38	3.03	1.57	1.27	1.89
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.44	1.56	1.40	1.42	1.91
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	6.07	5.44	3.36	2.78	3.08
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	129.66	38.10	56.21	21.49
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	50.76
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	100.78
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	39.71	76.94	0.00	75.87	41.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	22.51
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	3.20	0.18	0.50	0.86	1.27	1.58	1.53
Long-Term Debt to Equity	3.17	0.17	0.50	0.78	1.23	1.36	1.39
Financial Leverage	2.85	0.14	0.22	0.53	0.86	1.20	1.28
Leverage Ratio	6.13	2.07	1.91	2.25	2.72	3.23	3.47
Compound Leverage Factor	1.77	9.17	2.60	4.19	41.74	12.13	-1.62
Debt to Total Capital	76.21%	15.29%	33.48%	46.15%	56.00%	61.17%	60.52%
Short-Term Debt to Total Capital	0.86%	0.89%	0.53%	4.38%	1.86%	8.26%	5.81%
Long-Term Debt to Total Capital	75.35%	14.41%	32.95%	41.77%	54.14%	52.91%	54.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	90.23%	58.54%	34.75%	26.27%	20.53%	17.47%	16.65%
Common Equity to Total Capital	-66.44%	26.16%	31.78%	27.59%	23.47%	21.36%	22.82%
Debt to EBITDA	5.84	6.30	-448.47	42.73	16.77	26.63	7.77
Net Debt to EBITDA	5.20	-4.15	-284.09	33.17	14.11	22.96	6.20
Long-Term Debt to EBITDA	5.77	5.94	-441.41	38.68	16.21	23.04	7.02
Debt to NOPAT	7.67	-12.08	-25.23	-45.96	-66.65	-53.88	36.43
Net Debt to NOPAT	6.83	7.96	-15.98	-35.68	-56.06	-46.46	29.06
Long-Term Debt to NOPAT	7.58	-11.38	-24.84	-41.60	-64.43	-46.61	32.93
Altman Z-Score	0.00	0.00	0.80	0.76	0.66	0.57	1.00
Noncontrolling Interest Sharing Ratio	379.33%	96.31%	56.21%	50.13%	47.74%	45.88%	43.60%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	1.16	1.83	1.39	1.07	1.10	0.90	0.97
Quick Ratio	0.24	0.93	0.50	0.26	0.17	0.11	0.14
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-125	-822	-984	-405	-60	190
Operating Cash Flow to CapEx	158.64%	501.21%	502.76%	470.28%	-11.20%	208.85%	248.85%
Free Cash Flow to Firm to Interest Expense	0.00	-7.18	-104.59	-36.58	-5.70	-0.50	1.54
Operating Cash Flow to Interest Expense	1.78	0.69	4.69	1.49	-0.03	0.37	0.83
Operating Cash Flow Less CapEx to Interest Expense	0.66	0.55	3.75	1.17	-0.34	0.19	0.49
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.57	0.51	0.25	0.26	0.31	0.35	0.39
Accounts Receivable Turnover	682.74	1,723.01	7,771.58	672.54	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	37.19	50.40	33.60	39.82	45.74	50.65	62.17
Accounts Payable Turnover	9.84	11.03	5.46	5.57	6.60	6.73	6.76
Days Sales Outstanding (DSO)	0.53	0.21	0.05	0.54	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	37.08	33.09	66.90	65.56	55.29	54.20	54.03
Cash Conversion Cycle (CCC)	-36.54	-32.88	-66.85	-65.02	-55.29	-54.20	-54.03
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	88	209	1,015	1,977	2,360	2,390	2,243
Invested Capital Turnover	0.91	0.93	0.39	0.38	0.45	0.51	0.60
Increase / (Decrease) in Invested Capital	0.00	121	806	962	383	30	-148
Enterprise Value (EV)	0.00	0.00	1,462	3,087	3,297	3,387	4,278
Market Capitalization	0.00	0.00	814	1,718	1,544	1,545	2,619
Book Value per Share	$0.00	$3.89	$10.82	$5.42	$5.24	$4.80	$4.96
Tangible Book Value per Share	$0.00	($9.74)	($24.66)	($13.95)	($16.49)	($16.01)	($15.16)
Total Capital	96	280	1,157	2,205	2,591	2,624	2,555
Total Debt	73	43	387	1,018	1,451	1,605	1,547
Total Long-Term Debt	72	40	381	921	1,403	1,388	1,398
Net Debt	65	-28	245	790	1,220	1,384	1,234
Capital Expenditures (CapEx)	7.43	2.40	7.32	8.53	22	21	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.80	-8.49	-51	-93	-109	-112	-194
Debt-free Net Working Capital (DFNWC)	6.20	63	91	134	121	109	119
Net Working Capital (NWC)	5.37	60	85	38	73	-108	-30
Net Nonoperating Expense (NNE)	6.84	19	15	36	55	134	84
Net Nonoperating Obligations (NNO)	65	-28	245	790	1,220	1,371	1,234
Total Depreciation and Amortization (D&A)	3.21	12	21	55	91	104	115
Debt-free, Cash-free Net Working Capital to Revenue	-2.25%	-6.16%	-21.32%	-16.47%	-11.12%	-9.18%	-13.98%
Debt-free Net Working Capital to Revenue	7.76%	45.40%	37.63%	23.67%	12.38%	8.96%	8.54%
Net Working Capital to Revenue	6.72%	43.60%	35.10%	6.65%	7.46%	-8.82%	-2.16%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.58)	($0.64)	($0.74)	($1.50)	($0.39)
Adjusted Weighted Average Basic Shares Outstanding	0.00	19.86M	95.65M	114.94M	56.83M	60.13M	63.46M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.58)	($0.64)	($0.74)	($1.50)	($0.39)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	19.86M	95.65M	114.94M	56.83M	60.13M	63.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.58)	($0.64)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	27.18M	47.59M	116.09M	116.67M	117.59M
Normalized Net Operating Profit after Tax (NOPAT)	6.67	-3.55	-15	9.50	0.85	13	39
Normalized NOPAT Margin	8.35%	-2.57%	-6.37%	1.67%	0.09%	1.06%	2.81%
Pre Tax Income Margin	3.37%	-16.28%	-12.41%	-10.24%	-7.75%	-13.35%	-2.83%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	1.41	-0.29	-2.80	-1.16	-0.07	-0.36	0.68
NOPAT to Interest Expense	1.44	-0.20	-1.95	-0.82	-0.31	-0.25	0.34
EBIT Less CapEx to Interest Expense	0.28	-0.43	-3.74	-1.48	-0.38	-0.54	0.35
NOPAT Less CapEx to Interest Expense	0.32	-0.34	-2.89	-1.14	-0.62	-0.43	0.01
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	370.03%	-46.98%	0.00%	0.00%	-12.24%	-0.53%	-26.96%
Augmented Payout Ratio	370.03%	-102.65%	0.00%	0.00%	-12.24%	-0.53%	-26.96%

This table displays calculated financial ratios and metrics derived from The Baldwin Insurance Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	91.34%	54.55%	36.07%	27.85%	18.08%	15.69%	15.11%	14.35%	10.67%	15.89%
EBITDA Growth	96.38%	-116.39%	-62.87%	-77.53%	19,792.00%	90.14%	253.26%	156.27%	89.85%	681.96%
EBIT Growth	-46.88%	-82.28%	-96.18%	-144.39%	95.12%	53.77%	3,282.92%	114.04%	1,432.33%	80.77%
NOPAT Growth	-73.75%	-75.45%	-93.63%	-145.49%	100.29%	55.25%	1,229.63%	199.56%	17,813.95%	81.58%
Net Income Growth	-89.86%	-106.09%	-157.66%	-363.14%	31.47%	31.68%	251.23%	29.31%	54.77%	44.25%
EPS Growth	-53.57%	-82.61%	-161.54%	-385.71%	32.56%	32.14%	237.50%	30.00%	55.17%	45.61%
Operating Cash Flow Growth	46.32%	8.43%	-308.71%	4,194.29%	-5.14%	53.94%	120.63%	63.18%	116.69%	-24.73%
Free Cash Flow Firm Growth	-27.70%	56.55%	45.34%	104.44%	107.82%	88.18%	104.69%	-84.45%	-102.75%	383.34%
Invested Capital Growth	82.69%	19.37%	23.40%	-2.85%	-3.60%	1.27%	0.50%	0.11%	0.56%	-6.18%
Revenue Q/Q Growth	11.58%	-5.14%	34.30%	-10.06%	3.05%	-7.06%	33.63%	-10.65%	-0.27%	-2.67%
EBITDA Q/Q Growth	-100.24%	-32,756.80%	167.83%	-57.50%	107.90%	-116.46%	2,529.28%	-69.17%	54.02%	-49.55%
EBIT Q/Q Growth	-183.08%	-152.24%	103.22%	-757.59%	90.87%	-2,291.30%	335.74%	-97.27%	766.08%	-134.52%
NOPAT Q/Q Growth	-182.15%	-122.48%	105.45%	-556.78%	100.52%	-34,663.95%	261.88%	-65.80%	-6.39%	-135.53%
Net Income Q/Q Growth	-381.49%	-95.84%	71.74%	-68.88%	26.70%	-95.26%	162.56%	-178.94%	53.11%	-140.68%
EPS Q/Q Growth	-407.14%	-95.35%	71.43%	-66.67%	27.50%	-96.55%	157.89%	-184.85%	53.57%	-138.46%
Operating Cash Flow Q/Q Growth	-894.37%	218.14%	-198.87%	452.50%	-125.53%	272.97%	-86.75%	2,688.74%	-97.39%	680.03%
Free Cash Flow Firm Q/Q Growth	13.28%	61.86%	-7.11%	112.54%	52.53%	-157.66%	150.50%	-58.42%	-126.94%	6,048.18%
Invested Capital Q/Q Growth	0.34%	-3.34%	3.35%	-3.07%	-0.44%	1.55%	2.90%	-3.45%	0.01%	-5.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.46%	19.96%	30.11%	24.21%	28.01%	17.55%	31.10%	28.11%	27.07%	15.59%
EBITDA Margin	-0.05%	-16.69%	8.43%	3.98%	8.04%	-1.42%	25.87%	8.93%	13.79%	7.15%
Operating Margin	-11.51%	-27.00%	1.10%	-5.56%	0.03%	-10.44%	9.01%	4.84%	4.55%	-1.66%
EBIT Margin	-10.00%	-26.59%	0.64%	-4.66%	-0.41%	-10.63%	18.75%	0.57%	4.97%	-1.76%
Profit (Net Income) Margin	-18.01%	-37.18%	-7.82%	-14.69%	-10.45%	-21.96%	10.28%	-9.08%	-4.27%	-10.56%
Tax Burden Percent	100.00%	100.79%	100.30%	101.55%	100.51%	100.61%	98.32%	105.05%	100.00%	98.81%
Interest Burden Percent	180.05%	138.70%	-1,222.77%	310.19%	2,517.39%	205.34%	55.76%	-1,509.92%	-85.88%	606.03%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.68%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-3.81%	-8.54%	0.37%	-1.84%	0.01%	-3.75%	4.59%	1.88%	1.81%	-0.70%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.39%	-13.02%	-2.40%	-4.47%	-2.56%	-6.97%	5.00%	-1.39%	-0.12%	-3.08%
Return on Net Nonoperating Assets (RNNOA)	-4.56%	-11.24%	-2.08%	-4.63%	-2.78%	-8.36%	6.12%	-1.69%	-0.15%	-3.95%
Return on Equity (ROE)	-8.38%	-19.79%	-1.71%	-6.47%	-2.77%	-12.11%	10.71%	0.19%	1.66%	-4.65%
Cash Return on Invested Capital (CROIC)	-58.60%	-18.66%	-23.08%	-0.30%	1.36%	-2.51%	-0.84%	0.52%	0.52%	8.21%
Operating Return on Assets (OROA)	-3.17%	-8.23%	0.21%	-1.54%	-0.14%	-3.72%	6.84%	0.21%	1.92%	-0.70%
Return on Assets (ROA)	-5.70%	-11.50%	-2.62%	-4.84%	-3.61%	-7.68%	3.75%	-3.33%	-1.65%	-4.17%
Return on Common Equity (ROCE)	-4.40%	-10.34%	-0.90%	-3.45%	-1.50%	-6.56%	5.87%	0.11%	0.93%	-2.62%
Return on Equity Simple (ROE_SIMPLE)	-4.55%	0.00%	-24.32%	-34.70%	-32.67%	0.00%	-16.57%	-14.60%	-11.55%	0.00%
Net Operating Profit after Tax (NOPAT)	-21	-46	2.53	-12	0.06	-21	34	12	11	-3.83
NOPAT Margin	-8.06%	-18.90%	0.77%	-3.89%	0.02%	-7.31%	8.86%	3.39%	3.18%	-1.16%
Net Nonoperating Expense Percent (NNEP)	3.58%	4.48%	2.77%	2.63%	2.57%	3.22%	-0.40%	3.27%	1.94%	2.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.79%	-	-	-	-0.79%	-	-	-	-0.15%
Cost of Revenue to Revenue	75.54%	80.04%	69.89%	75.79%	71.99%	82.45%	68.91%	71.89%	72.93%	84.41%
SG&A Expenses to Revenue	18.20%	20.03%	14.10%	15.98%	15.40%	17.22%	12.04%	13.70%	14.41%	15.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.97%	46.96%	29.01%	29.77%	27.99%	27.99%	22.09%	23.27%	22.52%	17.25%
Earnings before Interest and Taxes (EBIT)	-26	-65	2.11	-14	-1.27	-30	71	1.95	17	-5.82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.13	-41	28	12	25	-4.05	98	30	47	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.32	2.54	2.47	2.49	2.51	2.76	3.16	3.79	5.58	4.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.69	1.57	1.40	1.31	1.26	1.27	1.49	1.71	2.47	1.89
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.40	1.36	1.38	1.38	1.42	1.53	1.70	2.15	1.91
Enterprise Value to Revenue (EV/Rev)	3.69	3.36	3.12	2.87	2.75	2.78	2.95	3.06	3.79	3.08
Enterprise Value to EBITDA (EV/EBITDA)	30.38	38.10	84.57	0.00	139.59	56.21	28.62	26.89	29.72	21.49
Enterprise Value to EBIT (EV/EBIT)	134.26	0.00	0.00	0.00	0.00	0.00	144.35	96.19	85.12	50.76
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	272.13	200.00	100.78
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	86.55	87.71	75.87	60.81	43.26	47.38	41.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	99.86	0.00	0.00	328.92	415.09	22.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.20	1.27	1.33	1.35	1.37	1.58	1.51	1.61	1.62	1.53
Long-Term Debt to Equity	1.17	1.23	1.22	1.24	1.28	1.36	1.29	1.41	1.42	1.39
Financial Leverage	0.62	0.86	0.87	1.04	1.09	1.20	1.22	1.21	1.24	1.28
Leverage Ratio	2.42	2.72	2.70	2.92	2.97	3.23	3.16	3.34	3.30	3.47
Compound Leverage Factor	4.35	3.78	-33.02	9.05	74.89	6.62	1.76	-50.40	-2.83	21.03
Debt to Total Capital	54.54%	56.00%	57.08%	57.43%	57.86%	61.17%	60.09%	61.73%	61.77%	60.52%
Short-Term Debt to Total Capital	1.55%	1.86%	4.51%	4.57%	3.89%	8.26%	8.76%	7.68%	7.63%	5.81%
Long-Term Debt to Total Capital	52.99%	54.14%	52.57%	52.86%	53.97%	52.91%	51.34%	54.05%	54.14%	54.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	21.26%	20.53%	19.83%	19.35%	18.96%	17.47%	17.64%	16.60%	16.27%	16.65%
Common Equity to Total Capital	24.20%	23.47%	23.09%	23.22%	23.18%	21.36%	22.26%	21.67%	21.95%	22.82%
Debt to EBITDA	13.52	16.77	38.10	-987.99	63.44	26.63	12.34	11.28	9.77	7.77
Net Debt to EBITDA	11.21	14.11	33.35	-845.87	55.07	22.96	10.55	8.86	7.76	6.20
Long-Term Debt to EBITDA	13.14	16.21	35.08	-909.38	59.17	23.04	10.54	9.87	8.56	7.02
Debt to NOPAT	-827.48	-66.65	-31.86	-19.36	-26.58	-53.88	-193.56	114.11	65.75	36.43
Net Debt to NOPAT	-686.25	-56.06	-27.89	-16.58	-23.07	-46.46	-165.46	89.70	52.22	29.06
Long-Term Debt to NOPAT	-804.01	-64.43	-29.34	-17.82	-24.79	-46.61	-165.35	99.91	57.63	32.93
Altman Z-Score	0.68	0.61	0.66	0.63	0.66	0.58	0.79	0.79	1.11	0.92
Noncontrolling Interest Sharing Ratio	47.43%	47.74%	47.35%	46.59%	45.93%	45.88%	45.23%	44.44%	43.80%	43.60%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.24	1.10	1.01	0.99	1.00	0.90	0.90	0.98	0.98	0.97
Quick Ratio	0.28	0.17	0.11	0.13	0.10	0.11	0.11	0.18	0.18	0.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,126	-429	-460	58	88	-51	22	8.97	-2.42	144
Operating Cash Flow to CapEx	-175.74%	440.30%	-280.68%	944.60%	-322.00%	302.60%	35.53%	745.48%	21.24%	135.31%
Free Cash Flow to Firm to Interest Expense	-54.23	-16.96	-16.50	1.98	2.88	-1.59	0.68	0.29	-0.08	4.88
Operating Cash Flow to Interest Expense	-0.58	0.56	-0.50	1.70	-0.41	0.69	0.09	2.58	0.07	0.56
Operating Cash Flow Less CapEx to Interest Expense	-0.91	0.43	-0.68	1.52	-0.54	0.46	-0.17	2.23	-0.25	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.31	0.33	0.33	0.35	0.35	0.36	0.37	0.39	0.39
Accounts Receivable Turnover	0.00	0.00	1,141.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	46.71	45.74	48.84	48.05	48.28	50.65	52.35	56.09	58.89	62.17
Accounts Payable Turnover	5.41	6.60	6.15	7.92	7.11	6.73	7.78	7.93	6.68	6.76
Days Sales Outstanding (DSO)	0.00	0.00	0.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	67.44	55.29	59.33	46.09	51.31	54.20	46.94	46.01	54.61	54.03
Cash Conversion Cycle (CCC)	-67.44	-55.29	-59.01	-46.09	-51.31	-54.20	-46.94	-46.01	-54.61	-54.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,442	2,360	2,439	2,364	2,354	2,390	2,451	2,367	2,367	2,243
Invested Capital Turnover	0.47	0.45	0.48	0.47	0.49	0.51	0.52	0.55	0.57	0.60
Increase / (Decrease) in Invested Capital	1,105	383	463	-69	-88	30	12	2.55	13	-148
Enterprise Value (EV)	3,300	3,297	3,328	3,255	3,244	3,387	3,744	4,015	5,096	4,278
Market Capitalization	1,509	1,544	1,495	1,489	1,481	1,545	1,890	2,239	3,324	2,619
Book Value per Share	$5.63	$5.24	$5.22	$5.12	$5.06	$4.80	$9.67	$5.03	$5.06	$4.96
Tangible Book Value per Share	($16.31)	($16.49)	($16.34)	($16.15)	($16.06)	($16.01)	($29.34)	($15.37)	($15.18)	($15.16)
Total Capital	2,692	2,591	2,626	2,577	2,548	2,624	2,686	2,727	2,712	2,555
Total Debt	1,468	1,451	1,499	1,480	1,474	1,605	1,614	1,684	1,675	1,547
Total Long-Term Debt	1,427	1,403	1,381	1,362	1,375	1,388	1,379	1,474	1,468	1,398
Net Debt	1,218	1,220	1,312	1,267	1,280	1,384	1,380	1,323	1,330	1,234
Capital Expenditures (CapEx)	6.84	3.22	5.00	5.24	3.92	7.22	8.15	11	9.93	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-71	-109	-61	-104	-92	-112	-101	-170	-155	-194
Debt-free Net Working Capital (DFNWC)	179	121	126	109	103	109	133	190	190	119
Net Working Capital (NWC)	138	73	7.66	-8.89	3.62	-108	-102	-19	-17	-30
Net Nonoperating Expense (NNE)	26	45	28	32	32	42	-5.42	42	25	31
Net Nonoperating Obligations (NNO)	1,218	1,220	1,312	1,267	1,280	1,371	1,380	1,323	1,330	1,234
Total Depreciation and Amortization (D&A)	26	24	26	26	26	26	27	28	30	29
Debt-free, Cash-free Net Working Capital to Revenue	-7.99%	-11.12%	-5.67%	-9.18%	-7.77%	-9.18%	-7.96%	-12.94%	-11.54%	-13.98%
Debt-free Net Working Capital to Revenue	20.05%	12.38%	11.82%	9.61%	8.71%	8.96%	10.51%	14.53%	14.11%	8.54%
Net Working Capital to Revenue	15.39%	7.46%	0.72%	-0.78%	0.31%	-8.82%	-8.03%	-1.45%	-1.29%	-2.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.43)	($0.87)	($0.24)	($0.40)	($0.29)	($0.57)	$0.35	($0.28)	($0.13)	($0.33)
Adjusted Weighted Average Basic Shares Outstanding	57.28M	56.83M	58.71M	60.09M	60.55M	60.13M	61.86M	63.12M	64.01M	63.46M
Adjusted Diluted Earnings per Share	($0.43)	($0.84)	($0.24)	($0.40)	($0.29)	($0.57)	$0.33	($0.28)	($0.13)	($0.31)
Adjusted Weighted Average Diluted Shares Outstanding	57.28M	56.83M	58.71M	60.09M	60.55M	60.13M	65.31M	63.12M	64.01M	63.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	116.03M	116.09M	116.80M	116.78M	116.75M	116.67M	117.55M	117.64M	117.58M	117.59M
Normalized Net Operating Profit after Tax (NOPAT)	-5.71	-16	20	-0.10	9.80	-17	46	15	10	-19
Normalized NOPAT Margin	-2.20%	-6.63%	6.01%	-0.03%	3.20%	-5.83%	12.13%	4.53%	2.99%	-5.88%
Pre Tax Income Margin	-18.01%	-36.89%	-7.80%	-14.47%	-10.40%	-21.82%	10.45%	-8.65%	-4.27%	-10.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.25	-2.58	0.08	-0.48	-0.04	-0.95	2.26	0.06	0.54	-0.20
NOPAT to Interest Expense	-1.01	-1.84	0.09	-0.40	0.00	-0.65	1.07	0.37	0.34	-0.13
EBIT Less CapEx to Interest Expense	-1.58	-2.71	-0.10	-0.66	-0.17	-1.18	2.00	-0.28	0.22	-0.61
NOPAT Less CapEx to Interest Expense	-1.34	-1.96	-0.09	-0.58	-0.13	-0.88	0.81	0.02	0.03	-0.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-31.67%	-12.24%	-6.38%	-0.17%	-0.41%	-0.53%	-0.57%	-12.98%	-15.66%	-26.96%
Augmented Payout Ratio	-31.67%	-12.24%	-6.38%	-0.17%	-0.41%	-0.53%	-0.57%	-12.98%	-15.66%	-26.96%

Frequently Asked Questions About The Baldwin Insurance Group's Financials

When does The Baldwin Insurance Group's financial year end?

According to the most recent income statement we have on file, The Baldwin Insurance Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has The Baldwin Insurance Group's net income changed over the last 6 years?

The Baldwin Insurance Group's net income appears to be on an upward trend, with a most recent value of -$41.08 million in 2024, falling from $2.69 million in 2018. The previous period was -$164.02 million in 2023. See where experts think The Baldwin Insurance Group is headed by visiting The Baldwin Insurance Group's forecast page.

What is The Baldwin Insurance Group's operating income?

The Baldwin Insurance Group's total operating income in 2024 was $60.65 million, based on the following breakdown:

Total Gross Profit: $356.99 million
Total Operating Expenses: $296.34 million

How has The Baldwin Insurance Group revenue changed over the last 6 years?

Over the last 6 years, The Baldwin Insurance Group's total revenue changed from $79.88 million in 2018 to $1.39 billion in 2024, a change of 1,638.9%.

How much debt does The Baldwin Insurance Group have?

The Baldwin Insurance Group's total liabilities were at $2.53 billion at the end of 2024, a 1.7% increase from 2023, and a 2,058.5% increase since 2018.

How much cash does The Baldwin Insurance Group have?

In the past 6 years, The Baldwin Insurance Group's cash and equivalents has ranged from $8.00 million in 2018 to $148.12 million in 2024, and is currently $148.12 million as of their latest financial filing in 2024.

How has The Baldwin Insurance Group's book value per share changed over the last 6 years?

Over the last 6 years, The Baldwin Insurance Group's book value per share changed from 0.00 in 2018 to 4.96 in 2024, a change of 496.0%.

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This page (NASDAQ:BRP) was last updated on 5/7/2025 by MarketBeat.com Staff

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The Baldwin Insurance Group (BRP) Financials

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The Baldwin Insurance Group (BRP) Financials

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