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- Baldwin Insurance
Baldwin Insurance Valuation Multiples
Discover revenue and EBITDA valuation multiples for Baldwin Insurance and similar public comparables like AUB Group, Grupo Profuturo, CorVel, Rasan and more.
Baldwin Insurance Overview
About Baldwin Insurance
The Baldwin Insurance Group Inc is a United States-based insurance distribution firm. Its products include Business Insurance, Benefits Consulting, Reinsurance, Specialty MGA, Embedded Insurance., Personal insurance, etc.
Founded
2019
HQ

Employees
4.1K
Website
Sectors
Financials (LTM)
EV
$4B
Baldwin Insurance Financials
Baldwin Insurance reported last 12-month revenue of $2B and EBITDA of $379M.
In the same LTM period, Baldwin Insurance generated $379M in EBITDA and had net loss of ($12M).
Revenue (LTM)
Baldwin Insurance P&L
In the most recent fiscal year, Baldwin Insurance reported revenue of $2B and EBITDA of $341M.
Baldwin Insurance expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $431M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $379M | XXX | $341M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | ($12M) | XXX | ($34M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Baldwin Insurance Stock Performance
Baldwin Insurance has current market cap of $2B, and enterprise value of $4B.
Market Cap Evolution
Baldwin Insurance's stock price is $25.04.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $2B | 0.0% | XXX | XXX | XXX | $-0.35 |
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Start Free TrialBaldwin Insurance Valuation Multiples
Baldwin Insurance trades at 2.5x EV/Revenue multiple, and 10.7x EV/EBITDA.
EV / Revenue (LTM)
Baldwin Insurance Financial Valuation Multiples
As of April 19, 2026, Baldwin Insurance has market cap of $2B and EV of $4B.
Equity research analysts estimate Baldwin Insurance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Baldwin Insurance has a P/E ratio of (198.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 10.7x | XXX | 11.9x | XXX | XXX | XXX |
| EV/EBIT | 42.1x | XXX | 51.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.4x | XXX | XXX | XXX |
| P/E | (198.8x) | XXX | (71.6x) | XXX | XXX | XXX |
| EV/FCF | 41.1x | XXX | 44.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Baldwin Insurance Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Baldwin Insurance Margins & Growth Rates
Baldwin Insurance's revenue in the last 12 month grew by 25%.
Baldwin Insurance's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Baldwin Insurance's rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Baldwin Insurance's rule of X is 111% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Baldwin Insurance Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | 37% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 111% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Baldwin Insurance Public Comps
See public comps and valuation multiples for other Insurance Brokers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Baldwin Insurance | XXX | XXX | XXX | XXX | XXX | XXX |
| AUB Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Profuturo | XXX | XXX | XXX | XXX | XXX | XXX |
| CorVel | XXX | XXX | XXX | XXX | XXX | XXX |
| Rasan | XXX | XXX | XXX | XXX | XXX | XXX |
| Steadfast Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Baldwin Insurance M&A Activity
Baldwin Insurance acquired XXX companies to date.
Last acquisition by Baldwin Insurance was on XXXXXXXX, XXXXX. Baldwin Insurance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Baldwin Insurance
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialBaldwin Insurance Investment Activity
Baldwin Insurance invested in XXX companies to date.
Baldwin Insurance made its latest investment on XXXXXXXX, XXXXX. Baldwin Insurance invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Baldwin Insurance
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Baldwin Insurance
| When was Baldwin Insurance founded? | Baldwin Insurance was founded in 2019. |
| Where is Baldwin Insurance headquartered? | Baldwin Insurance is headquartered in United States. |
| How many employees does Baldwin Insurance have? | As of today, Baldwin Insurance has over 4K employees. |
| Who is the CEO of Baldwin Insurance? | Baldwin Insurance's CEO is Trevor L. Baldwin. |
| Is Baldwin Insurance publicly listed? | Yes, Baldwin Insurance is a public company listed on Nasdaq. |
| What is the stock symbol of Baldwin Insurance? | Baldwin Insurance trades under BWIN ticker. |
| When did Baldwin Insurance go public? | Baldwin Insurance went public in 2019. |
| Who are competitors of Baldwin Insurance? | Baldwin Insurance main competitors are AUB Group, Grupo Profuturo, CorVel, Rasan. |
| What is the current market cap of Baldwin Insurance? | Baldwin Insurance's current market cap is $2B. |
| What is the current revenue of Baldwin Insurance? | Baldwin Insurance's last 12 months revenue is $2B. |
| What is the current revenue growth of Baldwin Insurance? | Baldwin Insurance revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Baldwin Insurance? | Current revenue multiple of Baldwin Insurance is 2.5x. |
| Is Baldwin Insurance profitable? | Yes, Baldwin Insurance is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Baldwin Insurance? | Baldwin Insurance's last 12 months EBITDA is $379M. |
| What is Baldwin Insurance's EBITDA margin? | Baldwin Insurance's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Baldwin Insurance? | Current EBITDA multiple of Baldwin Insurance is 10.7x. |
| What is the current FCF of Baldwin Insurance? | Baldwin Insurance's last 12 months FCF is $99M. |
| What is Baldwin Insurance's FCF margin? | Baldwin Insurance's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Baldwin Insurance? | Current FCF multiple of Baldwin Insurance is 41.1x. |
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