Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 3.04 is 13% above its 4-year average of 2.68, near the high end of its 4-year range (1.67–3.04).
As of the fiscal period ended Tuesday, June 30, 2026. 7.23% above its 12-month average of 2.83.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 3.04.
DEBT TO EQUITY RATIO
3.04
DEBT TO EQUITY RATIO AVG TTM
2.83
DEBT TO EQUITY RATIO AVG 3Y
2.78
DEBT TO EQUITY RATIO AVG 5Y
N/A
DEBT TO EQUITY RATIO AVG 10Y
N/A
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+7.23%
CURRENT VS 3Y AVG
+9.46%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
0.34
median of 485 covered companies
CURRENT VS SECTOR MEDIAN
+793.51%
vs the sector median at left
The Baldwin Insurance Group, Inc.
Market Cap
$2.58B
Debt to Equity Ratio
3.04
TTM Avg
2.83
3Y Avg
2.78
5Y Avg
N/A
Market Cap
$2.53B
Debt to Equity Ratio
1.79
TTM Avg
1.80
3Y Avg
1.20
5Y Avg
1.23
Market Cap
$2.53B
Debt to Equity Ratio
1.02
TTM Avg
1.01
3Y Avg
1.14
5Y Avg
0.95
Market Cap
$2.51B
Debt to Equity Ratio
0.59
TTM Avg
0.45
3Y Avg
0.51
5Y Avg
0.45
Market Cap
$2.50B
Debt to Equity Ratio
0.19
TTM Avg
0.27
3Y Avg
0.44
5Y Avg
0.44
Market Cap
$2.39B
Debt to Equity Ratio
1.79
TTM Avg
1.80
3Y Avg
1.20
5Y Avg
1.23
Market Cap
$2.38B
Debt to Equity Ratio
1.79
TTM Avg
1.80
3Y Avg
1.20
5Y Avg
1.23
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Baldwin Insurance Group, Inc. (BWIN) | $2.58B | 3.04 | 2.83 | 2.78 | N/A |
| Merchants Bancorp (MBINM)vs › | $2.53B | 1.79 | 1.80 | 1.20 | 1.23 |
| Columbia Financial, Inc. (CLBK)vs › | $2.53B | 1.02 | 1.01 | 1.14 | 0.95 |
| First Bancorp (FBNC)vs › | $2.52B | 0.04 | 0.03 | 0.13 | 0.10 |
| First Merchants Corporation (FRME)vs › | $2.51B | 0.59 | 0.45 | 0.51 | 0.45 |
| NBT Bancorp Inc. (NBTB)vs › | $2.66B | 0.24 | 0.22 | 0.39 | 0.36 |
| First Busey Corporation (BUSE)vs › | $2.50B | 0.19 | 0.27 | 0.44 | 0.44 |
| Merchants Bancorp (MBINL)vs › | $2.39B | 1.79 | 1.80 | 1.20 | 1.23 |
| Merchants Bancorp (MBINN)vs › | $2.38B | 1.79 | 1.80 | 1.20 | 1.23 |
| First Merchants Corporation (FRMEP)vs › | $2.79B | 0.59 | 0.45 | 0.51 | 0.45 |
Debt/Equity
3.04
Current Ratio
1.07
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 3.04 |
| 2026-03-31 | 2.67 |
| 2025-12-31 | 2.95 |
| 2025-09-30 | 2.81 |
| 2025-06-30 | 2.70 |
| 2025-03-31 | 2.64 |
| 2024-12-31 | 2.81 |
| 2024-09-30 | 2.86 |
| 2024-06-30 | 2.89 |
| 2024-03-31 | 2.75 |
| 2023-12-31 | 2.91 |
| 2023-09-30 | 2.54 |
| 2023-06-30 | 2.51 |
| 2023-03-31 | 2.51 |
| 2022-12-31 | 2.42 |
| 2022-09-30 | 2.29 |
| 2022-06-30 | 2.24 |
| 2022-03-31 | 1.67 |
| 2021-12-31 | 1.71 |
