COMP <GO>
BWIN vs ARX // EV/EBITDA & P/E VALUATION
The Baldwin Insurance Group Inc. (NASDAQ) VS. Accelerant Holdings (Class A) (NYSE) • 15-METRIC TALLY: BWIN 2
— ARX 3
■ METRIC PARITY
LAST: $31.83 (-0.38%) • MKT CAP: $4.44B
valuation
41.8x
LAST: $19.82 (+0.05%) • MKT CAP: $4.30B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BWIN VS. ARX)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BWIN | ARX | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.60% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 41.8x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -2.18% | 10.34% | -12.52 | ARX | /fcf-yield <GO> |
| Operating Margin | 4.90% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -3.60% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 8.50% | 51.50% | -43.00 | ARX | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 3/9 | +1.00 | BWIN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.9 | 66.4 | -13.54 | ARX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.12 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 29.0x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $4.44B | $4.30B | $135.6M | BWIN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BWIN REV | ARX REV | BWIN GROSS % | ARX GROSS % | BWIN FCF | ARX FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.49B | $912.9M | — | — | -$96.6M | $445.1M |
| FY 2024 | $1.38B | $602.6M | — | — | -$10.5M | $785.7M |
| FY 2023 | $1.21B | $344.0M | — | — | -$54.5M | $290.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BWIN // BETA 1.12
ARX // BETA —