What is The Baldwin Insurance Group, Inc.'s state?

The Baldwin Insurance Group, Inc. (BWIN) reported state of $0 in Q4 2025.

What is the long-term trend for The Baldwin Insurance Group, Inc.'s state?

Over 4 years (2021 to 2025), The Baldwin Insurance Group, Inc.'s state has grown at a -100.0% compound annual growth rate (CAGR), from $1K to $0.

What does state mean?

The change in deferred state and local tax liabilities or assets arising from temporary differences between financial and tax accounting. It provides insight into future state-level tax obligations.

The Baldwin Insurance Group, Inc. BWIN State

State at other companies

American International GroupAIG

-$3M—

CBIZCBZ

-$293.25K+70.0%

BancFirst CorporationBANF

-$19K-33.3%

Corebridge FinancialCRBG

-$2.5M-267%

Other financials

Income statement

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Revenue$532.2M+28.7%

Operating income-$101.3M-281%

Net income$2.3M-83.2%

EPS (diluted)$0.02-90.0%

Balance sheet

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Cash & equivalents$456.1M+52.5%

Total debt$2.3B+42.5%

Total equity$963.9M+55.6%

Total assets$5.9B+67.5%

Cash flow

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Operating cash flow-$6.1M+90.5%

CapEx$12.7M+41.8%

Free cash flow-$18.7M+74.3%

Valuation

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Market cap$2.38B-30.3%

Enterprise value$4.19B-9.3%

P/S1.5×-0.9×

Profitability

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Operating margin5.9%+3.2pp

Net margin-2.8%+0.9pp

FCF margin-0.4%—

Returns & leverage

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Return on equity-5.7%+0.5pp

Debt / equity2.4×-0.2×

Current ratio1.1×0.0×

Where this comes from

Reported directly by The Baldwin Insurance Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit.

The official record: The Baldwin Insurance Group, Inc.’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Baldwin Insurance Group, Inc.'s state?: The Baldwin Insurance Group, Inc. (BWIN) reported state of $0 in Q4 2025.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s state?: Over 4 years (2021 to 2025), The Baldwin Insurance Group, Inc.'s state has grown at a -100.0% compound annual growth rate (CAGR), from $1K to $0.
What does state mean?: The change in deferred state and local tax liabilities or assets arising from temporary differences between financial and tax accounting. It provides insight into future state-level tax obligations.