The Baldwin Insurance GroupBWIN +9.43%74 Gross Margin % is 33.71% as of Mar. 2026, which is 20% above its 10-year median of 28.14. GuruFocus rates BWIN with a GF Score™ of 74/100 and a GF Value™ of $29.32 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 59 Insurance companies, The Baldwin Insurance Group ranks worse than 67.8% on this metric.
The Baldwin Insurance Group (NAS:BWIN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
The Baldwin Insurance Group had a gross margin of 33.71% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
The Baldwin Insurance Group Gross Margin % Related Terms
The Baldwin Insurance Group Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BWIN vs LIFE, GSHD, CRVL: Gross Margin % Comparison
For the Insurance Brokers subindustry, The Baldwin Insurance Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Baldwin Insurance Group Gross Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, The Baldwin Insurance Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where The Baldwin Insurance Group's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
The Baldwin Insurance Group (BWIN) has a Gross Margin % of 33.71% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on The Baldwin Insurance Group and its competitors. This is 20% above median its historical median of 28.14. Over the past decade, The Baldwin Insurance Group's Gross Margin % has ranged from 24.54 to 34.92. According to the industry distribution chart, The Baldwin Insurance Group ranks #40 out of 59 companies in the Insurance industry, placing it in the top 67.8%.
Is The Baldwin Insurance Group's Gross Margin % too high?
The Baldwin Insurance Group's current Gross Margin % of 33.71% is 20% above median its 10-year median of 28.14. Over the past 10 years, this metric has ranged from a low of 24.54 to a high of 34.92. The Insurance industry median Gross Margin % is 42.38. The Baldwin Insurance Group's value of 33.71% is 20.5% below this industry median. Based on the distribution chart, The Baldwin Insurance Group ranks #40 out of 59 companies in the Insurance industry, which is below the industry midpoint. Overall, The Baldwin Insurance Group has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Baldwin Insurance Group's Gross Margin % compare to LIFE and GSHD?
According to the Insurance industry distribution chart, The Baldwin Insurance Group ranks #40 out of 59 companies for Gross Margin %. This places The Baldwin Insurance Group in the lower half of its industry. The industry median Gross Margin % is 42.38. The Baldwin Insurance Group's value of 33.71% is 20.5% below this benchmark. Historically, The Baldwin Insurance Group's own Gross Margin % has ranged from 24.54 to 34.92 over the past decade. While the company's 10-year median is 28.14 vs. the industry median of 42.38, The Baldwin Insurance Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Insurance company?
The median Gross Margin % among Insurance companies is 42.38, based on 59 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Baldwin Insurance Group's current Gross Margin % of 33.71% is 20.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on The Baldwin Insurance Group and its competitors. For the Insurance industry, the median Gross Margin % is 42.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Baldwin Insurance Group's current Gross Margin % is 33.71%, which is 20% above median its own 10-year median of 28.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Baldwin Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, The Baldwin Insurance Group (BWIN) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.32, compared to a current price of $26.22 — trading 10.6% below its estimated fair value. The current Gross Margin % is 33.71%, which is 20% above median its 10-year median of 28.14 and 20.5% below the Insurance industry median of 42.38. The Baldwin Insurance Group's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For The Baldwin Insurance Group (BWIN), the current Gross Margin % is 33.71% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The Baldwin Insurance Group (BWIN) Overvalued in 2026?
Based on GuruFocus' analysis, The Baldwin Insurance Group stock appears to be undervalued.
The current stock price of $26.22 is trading 10.6% below its estimated GF Value™ of $29.32.
GuruFocus considers The Baldwin Insurance Group to be Modestly Undervalued.
Key valuation signals for BWIN:
Gross Margin %: 33.71% (20% above median its 10-year median of 28.14)
GF Value™: $29.32 vs. price of $26.22 (10.6% below fair value)
Industry Position: 20.5% below the Insurance median (#40 of 59)
No single metric tells the full story. See the BWIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Baldwin Insurance Group Inc is an insurance distribution company operating in the United States. The company provides commercial risk management, employee benefits, private risk management, and personal insurance solutions. It operates through three segments: Insurance Advisory Solutions, which focuses on commercial risk management and employee benefits; Underwriting, Capacity & Technology Solutions, which includes managing general agency operations, reinsurance brokerage, captive management, and technology-enabled insurance products; and Mainstreet Insurance Solutions, which offers personal, commercial, and life and health insurance products through community-based distribution channels.
74GF Score
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