Baldwin Insurance Group (BWIN) vs Ryan Specialty (RYAN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Baldwin Insurance Group (BWIN) has outperformed Ryan Specialty (RYAN) over the past year, gaining 10.0% versus a loss of 35.2%. Over five years, RYAN leads with a +1.6% price change compared with -17.1% for BWIN. Ryan Specialty is the larger company by market cap ($9.68 billion vs $4.48 billion), about 2.2 times the size.
On valuation, Baldwin Insurance Group trades at a lower forward P/E (12.8x vs 15.5x for Ryan Specialty). Ryan Specialty pays a dividend yielding 1.32%, while Baldwin Insurance Group does not currently pay one. Ryan Specialty converts more of its revenue into profit, with a net margin of 2.1% versus -2.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BWIN | RYAN |
|---|---|---|
| Share price | $31.85 | $37.79 |
| Market cap | $4.48B | $9.68B |
| 1-day change | +0.13% | +0.51% |
| YTD return | +32.54% | -26.81% |
| 1-year return | +10.02% | -35.17% |
| 5-year return | -17.10% | +1.64% |
| P/E ratio (TTM) | — | 53.23 |
| Forward P/E | 12.85 | 15.48 |
| EPS (TTM) | $-1.04 | $0.71 |
| Dividend yield | 0.00% | 1.32% |
| Annual dividend | $0.00 | $0.50 |
| Revenue (latest FY) | $1.50B | $3.05B |
| Revenue growth (YoY) | +8.34% | +21.28% |
| Net income (latest FY) | $-33.81M | $63.40M |
| Operating margin | 4.91% | 16.18% |
| Net margin | -2.25% | 2.08% |
| 52-week high | $32.71 | $58.94 |
| 52-week low | $15.88 | $29.28 |
| Distance from 52-week high | -2.61% | -35.88% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +3.36% | +32.55% |
| Average volume | 2.50M | 1.97M |
| Shares outstanding | 97.62M | 122.08M |
| Employees | 5,000 | 6,171 |
| Sector | Finance | Finance |
| Industry | Specialty Insurers | Specialty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Ryan Specialty is about 2.2 times larger than Baldwin Insurance Group by market value ($9.68B vs $4.48B).
- BWIN has outperformed RYAN by 45.2 percentage points over the past year.
- Ryan Specialty offers a meaningfully higher dividend yield (1.32% vs 0.00%).
- Ryan Specialty grew revenue faster in its latest fiscal year (+21.28% vs +8.34%).
About Baldwin Insurance Group
BWIN stock →The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States.
Finance · Specialty Insurers · 5,000 employees
About Ryan Specialty
RYAN stock →Ryan Specialty Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.
Finance · Specialty Insurers · 6,171 employees
BWIN vs RYAN FAQ
Which is bigger, Baldwin Insurance Group or Ryan Specialty?
Ryan Specialty (RYAN) is larger, with a market capitalization of $9.68B compared with $4.48B for Baldwin Insurance Group (BWIN).
Which stock has performed better over the past year, BWIN or RYAN?
BWIN returned +10.02% over the past 12 months, compared with -35.17% for RYAN (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Baldwin Insurance Group or Ryan Specialty?
Ryan Specialty pays a dividend yielding 1.32%, while Baldwin Insurance Group does not currently pay a regular dividend.
Are Baldwin Insurance Group and Ryan Specialty in the same industry?
Yes. Both are classified in the Specialty Insurers industry within the Finance sector.