Baldwin Insurance Group vs Hagerty
Baldwin Insurance Group and Hagerty are similar in size: $1.50bn and $1.46bn of revenue in their latest fiscal years. Hagerty grew faster (17.3% against 8.3%). Hagerty kept more of each dollar of sales as profit: a net margin of 10.2% against -2.2%.
| Latest fiscal year | Baldwin Insurance GroupBWIN, 2025 | HagertyHGTY, 2025 |
|---|---|---|
| Revenue | $1.50bn | $1.46bn |
| Revenue growth | 8.3% | 17.3% |
| Net income | −$33.8m | $149m |
| Operating margin | — | — |
| Net margin | -2.2% | 10.2% |
| Return on equity | -5.7% | 80.3% |
| Free cash flow | −$68.9m | $194m |
| Cash | $124m | $160m |
| Total debt | $1.60bn | $178m |
| Debt to equity | — | 80.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 5,000 | 1,891 |
| Market value | $2.96bn | $5.51bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 2 buys, 12 sales | 3 buys, 14 sales |