Superworth

Baldwin Insurance profit margin BWIN

Gross, operating and net profit as a share of revenue over the last twelve months, from 2023.

Net margin, 12 months
−4.7%
Operating margin, 12 months
−6.9%
Net margin on a year earlier
−3.5 pts
Peer median
14.0%

Over the twelve months to Jun 30, 2026, Baldwin Insurance kept −4.7% of its revenue as net profit, with an operating margin of −6.9%.

The median for 10 insurance brokers of a similar size is 14.0%.

Profit margin over time

OperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating margin
FY2025−2.2%4.9%
FY2024−1.8%4.4%
FY2023−7.4%−3.5%
FY2022n/an/a
FY2021n/an/a
FY2020n/an/a
FY2019n/an/a
FY2018n/an/a

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−4.7%−3.5 pts−6.9%
Q1 FY26−2.8%−0.5 pts−5.1%
Q4 FY25−2.2%−0.5 pts4.9%
Q3 FY25−1.9%+1.0 pts5.5%
Q2 FY25−1.2%+2.5 pts6.4%
Q1 FY25−2.3%+2.0 pts5.8%
Q4 FY24−1.8%+5.6 pts4.4%
Q3 FY24−2.9%n/a2.7%
Q2 FY24−3.7%n/a1.6%
Q1 FY24−4.3%n/a−0.9%
Q4 FY23−7.4%n/a−3.5%
Q3 FY23n/an/an/a

Against its peers

Companies in Insurance - Brokers nearest Baldwin Insurance's size, closest first, today.

CompanyProfit margin
BWINBaldwin Insurance−4.7%
CRVLCorvel11.7%
NPNeptune Insurance22.7%
HGTYHagerty1.8%
ACTEnact54.5%
RYANRyan Specialty3.1%
GSHDGoosehead Insurance8.8%
TWFGTWFGn/m
ERIEErie Indemnity14.0%
BROBrown & Brown17.7%
WTWWillis Towers Watson Public15.5%
Peer median14.0%

Where Baldwin Insurance ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Baldwin Insurance

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.