vs
Side-by-side financial comparison of Baldwin Insurance Group, Inc. (BWIN) and JACK IN THE BOX INC (JACK). Click either name above to swap in a different company.
JACK IN THE BOX INC is the larger business by last-quarter revenue ($349.5M vs $347.3M, roughly 1.0× Baldwin Insurance Group, Inc.). JACK IN THE BOX INC runs the higher net margin — -0.7% vs -7.5%, a 6.8% gap on every dollar of revenue. On growth, Baldwin Insurance Group, Inc. posted the faster year-over-year revenue change (5.3% vs -25.5%). JACK IN THE BOX INC produced more free cash flow last quarter ($7.3M vs $-68.9M). Over the past eight quarters, Baldwin Insurance Group, Inc.'s revenue compounded faster (-4.4% CAGR vs -18.6%).
The Baldwin Piano Company is an American piano brand. It was once the largest US-based manufacturer of keyboard instruments and was known by the slogan, "America's Favorite Piano". Since 2001, it has been a subsidiary of Gibson Brands, Inc. Baldwin ceased domestic production in December 2008, moving its piano manufacturing to China.
Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered. The chain has over 2,200 locations, primarily serving the West Coast of the United States. Restaurants are also found in large urban areas outside the West Coast, as well as two in Guam. The company also formerly operated the Qdoba Mexican Grill chain until Apollo Global Management bought the chain in December 2017.
BWIN vs JACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $347.3M | $349.5M |
| Net Profit | $-25.9M | $-2.5M |
| Gross Margin | — | — |
| Operating Margin | -3.8% | 13.3% |
| Net Margin | -7.5% | -0.7% |
| Revenue YoY | 5.3% | -25.5% |
| Net Profit YoY | -28.3% | -107.3% |
| EPS (diluted) | $-0.38 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $349.5M | ||
| Q4 25 | $347.3M | — | ||
| Q3 25 | $365.4M | — | ||
| Q2 25 | $378.8M | $336.7M | ||
| Q1 25 | $413.4M | $371.1M | ||
| Q4 24 | $329.9M | — | ||
| Q3 24 | $338.9M | — | ||
| Q2 24 | $339.8M | $365.3M |
| Q1 26 | — | $-2.5M | ||
| Q4 25 | $-25.9M | — | ||
| Q3 25 | $-18.7M | — | ||
| Q2 25 | $-3.2M | $-142.2M | ||
| Q1 25 | $13.9M | $33.7M | ||
| Q4 24 | $-20.2M | — | ||
| Q3 24 | $-8.4M | — | ||
| Q2 24 | $-17.6M | $25.0M |
| Q1 26 | — | 13.3% | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 7.4% | -46.7% | ||
| Q1 25 | 13.6% | 19.0% | ||
| Q4 24 | -1.7% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 4.8% | 14.8% |
| Q1 26 | — | -0.7% | ||
| Q4 25 | -7.5% | — | ||
| Q3 25 | -5.1% | — | ||
| Q2 25 | -0.8% | -42.2% | ||
| Q1 25 | 3.4% | 9.1% | ||
| Q4 24 | -6.2% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | -5.2% | 6.8% |
| Q1 26 | — | $-0.13 | ||
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $-0.05 | $-7.47 | ||
| Q1 25 | $0.20 | $1.75 | ||
| Q4 24 | $-0.31 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.28 | $1.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $123.7M | — |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $600.2M | $-936.0M |
| Total Assets | $3.9B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $123.7M | — | ||
| Q3 25 | $89.7M | — | ||
| Q2 25 | $105.7M | — | ||
| Q1 25 | $81.8M | — | ||
| Q4 24 | $90.0M | — | ||
| Q3 24 | $181.8M | — | ||
| Q2 24 | $208.3M | — |
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $-936.0M | ||
| Q4 25 | $600.2M | — | ||
| Q3 25 | $619.7M | — | ||
| Q2 25 | $630.8M | $-976.2M | ||
| Q1 25 | $619.6M | $-827.1M | ||
| Q4 24 | $583.2M | — | ||
| Q3 24 | $595.4M | — | ||
| Q2 24 | $590.9M | $-702.6M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.5B | $2.8B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.7B | $2.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-29.4M | $30.5M |
| Free Cash FlowOCF − Capex | $-68.9M | $7.3M |
| FCF MarginFCF / Revenue | -19.9% | 2.1% |
| Capex IntensityCapex / Revenue | 11.4% | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-137.8M | $34.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.5M | ||
| Q4 25 | $-29.4M | — | ||
| Q3 25 | $41.0M | — | ||
| Q2 25 | $-16.7M | $-36.8M | ||
| Q1 25 | $-64.0M | $105.7M | ||
| Q4 24 | $51.5M | — | ||
| Q3 24 | $32.4M | — | ||
| Q2 24 | $18.3M | $16.7M |
| Q1 26 | — | $7.3M | ||
| Q4 25 | $-68.9M | — | ||
| Q3 25 | $32.2M | — | ||
| Q2 25 | $-28.1M | $-63.2M | ||
| Q1 25 | $-72.9M | $84.4M | ||
| Q4 24 | $10.4M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $7.8M | $6.4M |
| Q1 26 | — | 2.1% | ||
| Q4 25 | -19.9% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | -7.4% | -18.8% | ||
| Q1 25 | -17.6% | 22.7% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 2.3% | 1.8% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 11.4% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.0% | 7.9% | ||
| Q1 25 | 2.2% | 5.7% | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 3.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.59× | 3.14× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
JACK
| Restaurant Sales | $131.9M | 38% |
| Franchise | $97.4M | 28% |
| Royaltyand Other | $58.9M | 17% |
| Advertising | $56.6M | 16% |
| Technology Service | $4.7M | 1% |
| Franchise Fees | $1.7M | 0% |
