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Side-by-side financial comparison of Baldwin Insurance Group, Inc. (BWIN) and Westrock Coffee Co (WEST). 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 $339.5M, roughly 1.0× Westrock Coffee Co). Westrock Coffee Co runs the higher net margin — -6.6% vs -7.5%, a 0.9% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 5.3%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $-68.9M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs -4.4%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
BWIN vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $347.3M | $339.5M |
| Net Profit | $-25.9M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | -3.8% | -2.6% |
| Net Margin | -7.5% | -6.6% |
| Revenue YoY | 5.3% | 48.3% |
| Net Profit YoY | -28.3% | 8.3% |
| EPS (diluted) | $-0.38 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $365.4M | $354.8M | ||
| Q2 25 | $378.8M | $280.9M | ||
| Q1 25 | $413.4M | $213.8M | ||
| Q4 24 | $329.9M | $229.0M | ||
| Q3 24 | $338.9M | $220.9M | ||
| Q2 24 | $339.8M | $208.4M | ||
| Q1 24 | $380.4M | $192.5M |
| Q4 25 | $-25.9M | $-22.6M | ||
| Q3 25 | $-18.7M | $-19.1M | ||
| Q2 25 | $-3.2M | $-21.6M | ||
| Q1 25 | $13.9M | $-27.2M | ||
| Q4 24 | $-20.2M | $-24.6M | ||
| Q3 24 | $-8.4M | $-14.3M | ||
| Q2 24 | $-17.6M | $-17.8M | ||
| Q1 24 | $21.6M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | -3.8% | -2.6% | ||
| Q3 25 | 0.9% | -2.4% | ||
| Q2 25 | 7.4% | -5.3% | ||
| Q1 25 | 13.6% | -6.1% | ||
| Q4 24 | -1.7% | -4.3% | ||
| Q3 24 | 4.5% | -5.8% | ||
| Q2 24 | 4.8% | -7.9% | ||
| Q1 24 | 9.0% | -5.3% |
| Q4 25 | -7.5% | -6.6% | ||
| Q3 25 | -5.1% | -5.4% | ||
| Q2 25 | -0.8% | -7.7% | ||
| Q1 25 | 3.4% | -12.7% | ||
| Q4 24 | -6.2% | -10.7% | ||
| Q3 24 | -2.5% | -6.5% | ||
| Q2 24 | -5.2% | -8.5% | ||
| Q1 24 | 5.7% | -12.3% |
| Q4 25 | $-0.38 | $-0.22 | ||
| Q3 25 | $-0.27 | $-0.20 | ||
| Q2 25 | $-0.05 | $-0.23 | ||
| Q1 25 | $0.20 | $-0.29 | ||
| Q4 24 | $-0.31 | $-0.26 | ||
| Q3 24 | $-0.13 | $-0.16 | ||
| Q2 24 | $-0.28 | $-0.20 | ||
| Q1 24 | $0.33 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | — | $444.1M |
| Stockholders' EquityBook value | $600.2M | $-1.9M |
| Total Assets | $3.9B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.7M | $49.9M | ||
| Q3 25 | $89.7M | $34.0M | ||
| Q2 25 | $105.7M | $44.0M | ||
| Q1 25 | $81.8M | $33.1M | ||
| Q4 24 | $90.0M | $26.2M | ||
| Q3 24 | $181.8M | $22.4M | ||
| Q2 24 | $208.3M | $24.3M | ||
| Q1 24 | $112.1M | $12.6M |
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $600.2M | $-1.9M | ||
| Q3 25 | $619.7M | $11.4M | ||
| Q2 25 | $630.8M | $18.2M | ||
| Q1 25 | $619.6M | $71.4M | ||
| Q4 24 | $583.2M | $97.5M | ||
| Q3 24 | $595.4M | $110.3M | ||
| Q2 24 | $590.9M | $81.5M | ||
| Q1 24 | $597.9M | $91.7M |
| Q4 25 | $3.9B | $1.2B | ||
| Q3 25 | $3.8B | $1.2B | ||
| Q2 25 | $3.7B | $1.2B | ||
| Q1 25 | $3.5B | $1.1B | ||
| Q4 24 | $3.5B | $1.1B | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.7B | $1.1B | ||
| Q1 24 | $3.5B | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | $-68.9M | $27.8M |
| FCF MarginFCF / Revenue | -19.9% | 8.2% |
| Capex IntensityCapex / Revenue | 11.4% | 2.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-137.8M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-29.4M | $36.7M | ||
| Q3 25 | $41.0M | $-26.6M | ||
| Q2 25 | $-16.7M | $-7.0M | ||
| Q1 25 | $-64.0M | $-22.1M | ||
| Q4 24 | $51.5M | $2.8M | ||
| Q3 24 | $32.4M | $-332.0K | ||
| Q2 24 | $18.3M | $-23.7M | ||
| Q1 24 | $3.0M | $8.0M |
| Q4 25 | $-68.9M | $27.8M | ||
| Q3 25 | $32.2M | $-44.7M | ||
| Q2 25 | $-28.1M | $-27.5M | ||
| Q1 25 | $-72.9M | $-63.4M | ||
| Q4 24 | $10.4M | $-15.4M | ||
| Q3 24 | $22.2M | $-36.7M | ||
| Q2 24 | $7.8M | $-59.9M | ||
| Q1 24 | $-5.1M | $-60.9M |
| Q4 25 | -19.9% | 8.2% | ||
| Q3 25 | 8.8% | -12.6% | ||
| Q2 25 | -7.4% | -9.8% | ||
| Q1 25 | -17.6% | -29.7% | ||
| Q4 24 | 3.2% | -6.7% | ||
| Q3 24 | 6.6% | -16.6% | ||
| Q2 24 | 2.3% | -28.7% | ||
| Q1 24 | -1.4% | -31.7% |
| Q4 25 | 11.4% | 2.6% | ||
| Q3 25 | 2.4% | 5.1% | ||
| Q2 25 | 3.0% | 7.3% | ||
| Q1 25 | 2.2% | 19.3% | ||
| Q4 24 | 12.4% | 7.9% | ||
| Q3 24 | 3.0% | 16.5% | ||
| Q2 24 | 3.1% | 17.4% | ||
| Q1 24 | 2.1% | 35.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
