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Side-by-side financial comparison of Baldwin Insurance Group, Inc. (BWIN) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
Baldwin Insurance Group, Inc. is the larger business by last-quarter revenue ($347.3M vs $205.2M, roughly 1.7× STONERIDGE INC). On growth, Baldwin Insurance Group, Inc. posted the faster year-over-year revenue change (5.3% vs -6.0%). STONERIDGE INC produced more free cash flow last quarter ($2.6M vs $-68.9M). Over the past eight quarters, Baldwin Insurance Group, Inc.'s revenue compounded faster (-4.4% CAGR vs -7.4%).
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.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
BWIN vs SRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $347.3M | $205.2M |
| Net Profit | $-25.9M | — |
| Gross Margin | — | 16.2% |
| Operating Margin | -3.8% | -14.4% |
| Net Margin | -7.5% | — |
| Revenue YoY | 5.3% | -6.0% |
| Net Profit YoY | -28.3% | — |
| EPS (diluted) | $-0.38 | $-2.76 |
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.
| Q4 25 | $347.3M | $205.2M | ||
| Q3 25 | $365.4M | $210.3M | ||
| Q2 25 | $378.8M | $228.0M | ||
| Q1 25 | $413.4M | $217.9M | ||
| Q4 24 | $329.9M | $218.2M | ||
| Q3 24 | $338.9M | $213.8M | ||
| Q2 24 | $339.8M | $237.1M | ||
| Q1 24 | $380.4M | $239.2M |
| Q4 25 | $-25.9M | — | ||
| Q3 25 | $-18.7M | $-9.4M | ||
| Q2 25 | $-3.2M | $-9.4M | ||
| Q1 25 | $13.9M | $-7.2M | ||
| Q4 24 | $-20.2M | — | ||
| Q3 24 | $-8.4M | $-7.1M | ||
| Q2 24 | $-17.6M | $2.8M | ||
| Q1 24 | $21.6M | $-6.1M |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | -3.8% | -14.4% | ||
| Q3 25 | 0.9% | -1.6% | ||
| Q2 25 | 7.4% | -1.1% | ||
| Q1 25 | 13.6% | -1.5% | ||
| Q4 24 | -1.7% | -2.0% | ||
| Q3 24 | 4.5% | 0.1% | ||
| Q2 24 | 4.8% | 1.4% | ||
| Q1 24 | 9.0% | 0.1% |
| Q4 25 | -7.5% | — | ||
| Q3 25 | -5.1% | -4.5% | ||
| Q2 25 | -0.8% | -4.1% | ||
| Q1 25 | 3.4% | -3.3% | ||
| Q4 24 | -6.2% | — | ||
| Q3 24 | -2.5% | -3.3% | ||
| Q2 24 | -5.2% | 1.2% | ||
| Q1 24 | 5.7% | -2.6% |
| Q4 25 | $-0.38 | $-2.76 | ||
| Q3 25 | $-0.27 | $-0.34 | ||
| Q2 25 | $-0.05 | $-0.34 | ||
| Q1 25 | $0.20 | $-0.26 | ||
| Q4 24 | $-0.31 | $-0.22 | ||
| Q3 24 | $-0.13 | $-0.26 | ||
| Q2 24 | $-0.28 | $0.10 | ||
| Q1 24 | $0.33 | $-0.22 |
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 | $66.3M |
| Total DebtLower is stronger | — | $180.9M |
| Stockholders' EquityBook value | $600.2M | $179.8M |
| Total Assets | $3.9B | $551.2M |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.7M | $66.3M | ||
| Q3 25 | $89.7M | $54.0M | ||
| Q2 25 | $105.7M | $49.8M | ||
| Q1 25 | $81.8M | $79.1M | ||
| Q4 24 | $90.0M | $71.8M | ||
| Q3 24 | $181.8M | $54.1M | ||
| Q2 24 | $208.3M | $42.1M | ||
| Q1 24 | $112.1M | $48.4M |
| Q4 25 | — | $180.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $201.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $600.2M | $179.8M | ||
| Q3 25 | $619.7M | $251.2M | ||
| Q2 25 | $630.8M | $260.5M | ||
| Q1 25 | $619.6M | $253.1M | ||
| Q4 24 | $583.2M | $245.3M | ||
| Q3 24 | $595.4M | $271.4M | ||
| Q2 24 | $590.9M | $270.5M | ||
| Q1 24 | $597.9M | $277.3M |
| Q4 25 | $3.9B | $551.2M | ||
| Q3 25 | $3.8B | $632.1M | ||
| Q2 25 | $3.7B | $639.4M | ||
| Q1 25 | $3.5B | $657.4M | ||
| Q4 24 | $3.5B | $621.6M | ||
| Q3 24 | $3.5B | $662.5M | ||
| Q2 24 | $3.7B | $666.7M | ||
| Q1 24 | $3.5B | $675.4M |
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.8M |
| Free Cash FlowOCF − Capex | $-68.9M | $2.6M |
| FCF MarginFCF / Revenue | -19.9% | 1.3% |
| Capex IntensityCapex / Revenue | 11.4% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-137.8M | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-29.4M | $8.8M | ||
| Q3 25 | $41.0M | $3.6M | ||
| Q2 25 | $-16.7M | $10.7M | ||
| Q1 25 | $-64.0M | $10.9M | ||
| Q4 24 | $51.5M | $19.2M | ||
| Q3 24 | $32.4M | $10.8M | ||
| Q2 24 | $18.3M | $8.7M | ||
| Q1 24 | $3.0M | $9.1M |
| Q4 25 | $-68.9M | $2.6M | ||
| Q3 25 | $32.2M | $-2.7M | ||
| Q2 25 | $-28.1M | $7.4M | ||
| Q1 25 | $-72.9M | $4.8M | ||
| Q4 24 | $10.4M | $14.0M | ||
| Q3 24 | $22.2M | $4.6M | ||
| Q2 24 | $7.8M | $1.5M | ||
| Q1 24 | $-5.1M | $3.3M |
| Q4 25 | -19.9% | 1.3% | ||
| Q3 25 | 8.8% | -1.3% | ||
| Q2 25 | -7.4% | 3.3% | ||
| Q1 25 | -17.6% | 2.2% | ||
| Q4 24 | 3.2% | 6.4% | ||
| Q3 24 | 6.6% | 2.2% | ||
| Q2 24 | 2.3% | 0.6% | ||
| Q1 24 | -1.4% | 1.4% |
| Q4 25 | 11.4% | 3.0% | ||
| Q3 25 | 2.4% | 3.0% | ||
| Q2 25 | 3.0% | 1.4% | ||
| Q1 25 | 2.2% | 2.8% | ||
| Q4 24 | 12.4% | 2.4% | ||
| Q3 24 | 3.0% | 2.9% | ||
| Q2 24 | 3.1% | 3.0% | ||
| Q1 24 | 2.1% | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.11× | ||
| Q1 24 | 0.14× | — |
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% |
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
