The Baldwin Insurance Group, Inc. (BWIN)
合理估值基本面
30
价格
$31.80
市值
$3.08B
第一部分 · 这家公司值多少
概览
The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. The company operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. Its Insurance Advisory Solutions segment provides private risk management, commercial risk management, employee benefits, and Medicare insurance solutions for businesses and high-net-worth individuals, as well as their families. The Underwriting, Capacity & Technology Solutions segment offers MGA platform, that manufactures technology-enabled insurance product suite comprises personal, commercial, and professional lines. Its Mainstreet Insurance Solutions segment provides personal insurance, commercial insurance, and life and health solutions to individuals and businesses in communities, as well as offers reinsurance brokerage; and consultation for government assistance programs and solutions, including traditional Medicare and Medicare advantage and affordable care act to seniors and eligible individuals through a network of primarily independent contractor agents. The company was formerly known as BRP Group, Inc. and changed its name to The Baldwin Insurance Group, Inc. in May 2024. The Baldwin Insurance Group, Inc. was founded in 2011 and is headquartered in Tampa, Florida.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users
Named by Baldwin in its 10-K and the closest match to its model: a Florida-based, acquisition-driven retail broker selling property-casualty and employee-benefits programs to the same US middle-market businesses and individuals.
Named by Baldwin in its 10-K; it buys up independent agencies across the United States and places commercial risk and employee-benefits business for the same mid-sized corporate clients.
Named by Baldwin in its 10-K as its personal-lines competitor: both distribute home and auto policies to American households, often through mortgage and real-estate referral channels.
Named by Baldwin in its 10-K; through Marsh McLennan Agency it has moved down-market into the same US middle-market commercial and benefits accounts Baldwin targets.
Named by Baldwin in its 10-K as a private competitor: a North American retail brokerage that bids for the same middle-market commercial and private-client accounts and competes for the same independent agencies to acquire.
Named by Baldwin in its 10-K as a private competitor: a US retail broker serving middle-market companies with property-casualty placement and employee-benefits consulting, Baldwin's core revenue line.
资产负债表与流动性
营收
$1.72B
最近12个月（截至2026/6/30）
净利润
$-81M
最近12个月（截至2026/6/30）
自由现金流
$-69M
股东权益合计
$600M
负债合计
$2.78B
流动比率
1.07
利息覆盖率
0.83
债务/EBITDA
12.72
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$33.33
当前价格
$31.80
安全边际
+4.6%
公允价值区间
$31.67 - $35.00
所用估值方法之间的离散区间，并非经过统计校准的置信区间。
估算方法
估值指标
市盈率（P/E）
-
ROE
-5.6%
市净率（P/B）
1.22
P/FCF
24.72
毛利率
-
ROIC
-2.1%
盈利能力雷达图
价值创造（经济护城河）
ROIC
-2.1%
WACC
7.6%
ROIC − WACC
-9.8 pp
ROIC 低于资本成本：公司每投入一美元都在毁灭价值。
基本面分析标准
通过（7）
- EPS shows upward trend
- Price CAGR 10.28%
- P/FCF 24.72
- P/B Ratio 1.22
- Positive Free Cash Flow
- Current Ratio
- Analyst Consensus 71% Buy
未通过（14）
- ROIC -2.1%
- Debt/Equity ratio
- Operating Margin -6.9%
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -10.6%
- Earnings Surprise avg 0.9%
- Share Dilution 7.6%
- Net Margin Trend -4.7% vs -1.2%
- Piotroski F-Score 2/9
不可用（6）
- Gross Margin NaN%
- Dividend Payout NaN%
- Price below Graham Number
- Revenue Growth 5Y (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-评分
存在严重财务隐患
盈利质量
低质量：需深入审查会计处理
股权稀释
正在发行新股，稀释所有权
机构持股
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. L. Lowry Baldwin | Co-Founder & Chairman | 66 |
| Mr. Daniel Galbraith | President & CEO of Retail Brokerage Operations | 44 |
| Ms. Elizabeth H. Krystyn | Co-Founder | - |
| Ms. Laura Rice Sherman | Co-Founder | - |
| Ms. Bonnie Bishop | Executive Director of Investor Relations | - |
| Mr. Richard C. Tallo | Chief Marketing Officer | - |
| Ms. Erin King | Chief Colleague Officer | - |
| Mr. Austin Rock | President of Capacity Solutions | - |
| Mr. David Smith | President & Executive Operating Officer of Mainstreet Insurance Solutions | 60 |
| Mr. Michael C. Robinson | Regional President of RogersGray | - |
审计风险
3
董事会风险
8
薪酬风险
4
股东权利风险
8
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。
损益历史
via SEC EDGAR
Latest News
Recent headlines for BWIN, sourced from Markets Gazette.
- 2/27/2026NEUTRALBaldwin (BWIN) Q4 2025 Earnings Call Transcript
Baldwin (BWIN) held its Q4 2025 earnings call. While specific details from the transcript are not yet available, this event is a critical juncture for investors. Quarterly earnings calls are essential for understanding a company's financial performance, future outlook, and management strategies. Analysts and shareholders eagerly await this information to assess operational health, revenue growth, profitability, and any updates on future guidance. The current lack of content prevents an immediate assessment, but market attention remains high on Baldwin, awaiting the release of data to form informed judgments on its stock.
via Markets Gazette