COMP <GO>
NP vs BWIN // EV/EBITDA & P/E VALUATION
Neptune Insurance Holdings Inc. (Class A) (NYSE) VS. The Baldwin Insurance Group Inc. (NASDAQ) • 15-METRIC TALLY: NP 6
— BWIN 4
▲ EV/EBITDA & P/E VALUATION LEADER: BWIN
LAST: $29.18 (+1.28%) • MKT CAP: $3.98B
valuation
56.0x
LAST: $31.93 (+0.31%) • MKT CAP: $4.44B
valuation
41.8x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NP VS. BWIN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NP | BWIN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 28.20% | 3.60% | +24.60 | NP | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 56.0x | 41.8x | +14.20 | BWIN | /valuation <GO> |
| Free Cash Flow Yield | 1.30% | -2.18% | +3.48 | NP | /fcf-yield <GO> |
| Operating Margin | 44.50% | 4.90% | +39.60 | NP | /operating-margins <GO> |
| Net Profit Margin | 23.40% | -3.60% | +27.00 | NP | /net-margins <GO> |
| Revenue Growth (YoY) | 33.70% | 8.50% | +25.20 | NP | /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 | 7/9 | 4/9 | +3.00 | NP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 48.2 | 52.9 | -4.70 | BWIN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.12 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 89.4x | 29.0x | +60.40 | BWIN | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.98B | $4.44B | -$459.5M | BWIN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NP REV | BWIN REV | NP GROSS % | BWIN GROSS % | NP FCF | BWIN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $159.6M | $1.49B | — | — | $51.7M | -$96.6M |
| FY 2024 | $119.3M | $1.38B | — | — | $49.9M | -$10.5M |
| FY 2023 | $84.9M | $1.21B | — | — | $18.6M | -$54.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NP // BETA —
BWIN // BETA 1.12