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6Material company update
Apr 17, 2026·SEC
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Jan 28, 2026·SEC
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Dec 11, 2025·SEC
Badger Meter, Inc.(BMI)Earnings, Financials & Key Ratios
BMI•NYSE
28.3× P/E·Price updated Jun 19, 2026
AboutBadger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.Show more
- Revenue$917M+10.9%
- EBITDA$218M+14.7%
- Net Income$142M+13.4%
- EPS (Diluted)4.79+13.2%
- Gross Margin41.68%+4.7%
- EBITDA Margin23.78%+3.4%
- Operating Margin20.01%+4.7%
- Net Margin15.45%+2.2%
- ROE21.47%-3.5%
BMI Key Insights
Badger Meter, Inc. (BMI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 34 years of consecutive increases
- ✓Excellent 3Y average ROE of 21.0%
- ✓Strong 5Y profit CAGR of 23.5%
- ✓FCF machine: 18.5% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 16.6%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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BMI Price & Volume
Badger Meter, Inc. (BMI) stock price & volume — 10-year historical chart
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BMI Growth Metrics
Badger Meter, Inc. (BMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.27%
5 Years16.59%
3 Years17.46%
TTM10.9%
Profit CAGR
10 Years18.5%
5 Years23.48%
3 Years28.66%
TTM13.36%
EPS CAGR
10 Years18.2%
5 Years23.17%
3 Years28.45%
TTM13.48%
Return on Capital
10 Years19.93%
5 Years21.53%
3 Years23.55%
Last Year24.12%
BMI Recent Earnings
Badger Meter, Inc. (BMI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 17, 2026Metric
Actual
Est
EPS
$0.93-23.8%
$1.22
Rev
$202M-11.9%
$230M
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$1.14-0.9%
$1.15
Rev
$221M-4.6%
$231M
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$1.19+4.4%
$1.14
Rev
$236M+1.6%
$232M
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$1.12-5.9%
$1.19
Rev
$238M+2.3%
$233M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 17, 2026 | $0.93vs $1.22-23.8% | $202Mvs $230M-11.9% |
| Q1 2026 | Jan 28, 2026 | $1.14vs $1.15-0.9% | $221Mvs $231M-4.6% |
| Q4 2025 | Oct 21, 2025 | $1.19vs $1.14+4.4% | $236Mvs $232M+1.6% |
| Q3 2025 | Jul 22, 2025 | $1.12vs $1.19-5.9% | $238Mvs $233M+2.3% |
Based on last 12 quarters of dataView full earnings history →
BMI Peer Comparison
Badger Meter, Inc. (BMI) competitors in Sensors, Controls and Smart Metering — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ITRI | 3.58B | 80.81 | 12.41 | -3.02% | 12.32% | 17.22% | 0.74 | |
 FELE | 4.6B | 104.20 | 32.06 | 5.44% | 6.91% | 11.44% | 0.21 | |
 ERII | 485.56M | 9.42 | 22.43 | -7.07% | 15.1% | 10.89% | 0.05 | |
 MWA | 4.09B | 26.13 | 21.42 | 8.75% | 14.17% | 20.74% | 0.46 | |
 XYL | 26.48B | 111.42 | 28.42 | 5.52% | 10.7% | 8.51% | 0.17 | |
 AWK | 24.42B | 125.07 | 21.94 | 9.74% | 21.17% | 10.14% | 1.47 | |
 AME | 54.38B | 237.42 | 37.10 | 6.63% | 20.11% | 14.39% | 0.21 | |
 ROP | 33.99B | 330.26 | 23.26 | 12.26% | 21.12% | 8.75% | 0.47 |
Compare BMI vs Peers
Badger Meter, Inc. (BMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BMI Income Statement
Badger Meter, Inc. (BMI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 402.44M | 433.73M | 424.63M | 425.54M | 505.2M | 565.57M | 703.59M | 826.56M | 916.66M |
Revenue Growth % | 2.2% | 7.78% | -2.1% | 0.22% | 18.72% | 11.95% | 24.4% | 17.48% | 10.9% |
Cost of Goods Sold | 246.69M | 271.38M | 261.1M | 257.3M | 299.71M | 345.6M | 427.15M | 497.37M | 534.59M |
COGS % of Revenue | 61.3% | 62.57% | 61.49% | 60.46% | 59.33% | 61.11% | 60.71% | 60.17% | 58.32% |
Gross Profit | 155.75M▲ 0% | 162.35M▲ 4.2% | 163.53M▲ 0.7% | 168.25M▲ 2.9% | 205.48M▲ 22.1% | 219.97M▲ 7.0% | 276.44M▲ 25.7% | 329.18M▲ 19.1% | 382.07M▲ 16.1% |
Gross Margin % | 38.7% | 37.43% | 38.51% | 39.54% | 40.67% | 38.89% | 39.29% | 39.83% | 41.68% |
Gross Profit Growth % | 3.43% | 4.24% | 0.73% | 2.89% | 22.13% | 7.05% | 25.67% | 19.08% | 16.07% |
Operating Expenses | 100.12M | 125.34M | 101.67M | 103.24M | 126.88M | 132.81M | 158.39M | 171.25M | 198.65M |
OpEx % of Revenue | 24.88% | 28.9% | 23.94% | 24.26% | 25.12% | 23.48% | 22.51% | 20.72% | 21.67% |
Selling, General & Admin | 100.12M | 125.34M | 101.67M | 103.24M | 126.88M | 132.81M | 139.39M | 171.25M | 0 |
SG&A % of Revenue | 24.88% | 28.9% | 23.94% | 24.26% | 25.12% | 23.48% | 19.81% | 20.72% | - |
Research & Development | 10.6M | 11.1M | 11.9M | 11.6M | 14.7M | 15.8M | 19M | 19.2M | 0 |
R&D % of Revenue | 2.63% | 2.56% | 2.8% | 2.73% | 2.91% | 2.79% | 2.7% | 2.32% | - |
Other Operating Expenses | 0 | -19.86M | -11.9M | -11.6M | -14.7M | -15.8M | 0 | -19.2M | 198.65M |
Operating Income | 55.62M▲ 0% | 56.87M▲ 2.2% | 62.15M▲ 9.3% | 65.16M▲ 4.8% | 78.72M▲ 20.8% | 87.3M▲ 10.9% | 118.05M▲ 35.2% | 157.94M▲ 33.8% | 183.42M▲ 16.1% |
Operating Margin % | 13.82% | 13.11% | 14.64% | 15.31% | 15.58% | 15.43% | 16.78% | 19.11% | 20.01% |
Operating Income Growth % | 9.57% | 2.24% | 9.28% | 4.84% | 20.82% | 10.89% | 35.23% | 33.79% | 16.14% |
EBITDA | 80.02M | 81.18M | 86.29M | 90.37M | 106.58M | 113.54M | 146.16M | 190.12M | 218M |
EBITDA Margin % | 19.88% | 18.72% | 20.32% | 21.24% | 21.1% | 20.07% | 20.77% | 23% | 23.78% |
EBITDA Growth % | 9.31% | 1.45% | 6.29% | 4.73% | 17.94% | 6.52% | 28.73% | 30.08% | 14.67% |
D&A (Non-Cash Add-back) | 24.4M | 24.32M | 24.15M | 25.22M | 27.86M | 26.24M | 28.11M | 32.19M | 34.58M |
EBIT | 55.62M | 37.01M | 61.86M | 65.01M | 78.62M | 87.72M | 117.92M | 157.94M | 188.66M |
Net Interest Income | -789K | -1.16M | -253K | -30K | 20K | 552K | 4.05M | 8.61M | 5.12M |
Interest Income | 0 | 0 | 0 | 0 | 20K | 552K | 4.05M | 8.61M | 5.12M |
Interest Expense | 789K | 1.16M | 253K | 30K | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | -789K | -21.02M | -541K | -175K | -100K | 422K | 3.92M | 8.56M | 5.24M |
Pretax Income | 54.83M▲ 0% | 35.85M▼ 34.6% | 61.61M▲ 71.8% | 64.98M▲ 5.5% | 78.62M▲ 21.0% | 87.72M▲ 11.6% | 121.97M▲ 39.0% | 166.5M▲ 36.5% | 188.66M▲ 13.3% |
Pretax Margin % | 13.63% | 8.27% | 14.51% | 15.27% | 15.56% | 15.51% | 17.33% | 20.14% | 20.58% |
Income Tax | 20.26M | 8.06M | 14.43M | 15.64M | 17.74M | 21.22M | 29.37M | 41.56M | 47.02M |
Effective Tax Rate % | 36.95% | 22.49% | 23.42% | 24.07% | 22.56% | 24.19% | 24.08% | 24.96% | 24.93% |
Net Income | 34.57M▲ 0% | 27.79M▼ 19.6% | 47.18M▲ 69.8% | 49.34M▲ 4.6% | 60.88M▲ 23.4% | 66.5M▲ 9.2% | 92.6M▲ 39.3% | 124.94M▲ 34.9% | 141.63M▲ 13.4% |
Net Margin % | 8.59% | 6.41% | 11.11% | 11.6% | 12.05% | 11.76% | 13.16% | 15.12% | 15.45% |
Net Income Growth % | 7.05% | -19.61% | 69.76% | 4.59% | 23.39% | 9.22% | 39.25% | 34.93% | 13.36% |
Net Income (Continuing) | 34.57M | 27.79M | 47.18M | 49.34M | 60.88M | 66.5M | 92.6M | 124.94M | 141.63M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 1.19▲ 0% | 0.95▼ 20.2% | 1.61▲ 69.5% | 1.69▲ 5.0% | 2.08▲ 23.1% | 2.26▲ 8.7% | 3.14▲ 38.9% | 4.23▲ 34.7% | 4.79▲ 13.2% |
EPS Growth % | 7.21% | -20.17% | 69.47% | 4.97% | 23.08% | 8.65% | 38.94% | 34.71% | 13.24% |
EPS (Basic) | 1.20 | 0.96 | 1.63 | 1.70 | 2.09 | 2.28 | 3.16 | 4.26 | 4.82 |
Diluted Shares Outstanding | 29.11M | 29.19M | 29.22M | 29.23M | 29.34M | 29.38M | 29.46M | 29.53M | 29.57M |
Basic Shares Outstanding | 28.93M | 28.99M | 29.03M | 29.05M | 29.14M | 29.22M | 29.28M | 29.36M | 29.4M |
Dividend Payout Ratio | 41.12% | 58.53% | 39.42% | 41.22% | 36.39% | 37.42% | 31.37% | 28.69% | 30.73% |
BMI Balance Sheet
Badger Meter, Inc. (BMI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 158.62M | 164.66M | 200.09M | 223.69M | 261.36M | 347.83M | 442.18M | 540.12M | 507.08M |
Cash & Short-Term Investments | 11.16M | 13.09M | 48.87M | 72.27M | 87.17M | 138.05M | 191.78M | 295.31M | 226.02M |
Cash Only | 11.16M | 13.09M | 48.87M | 72.27M | 87.17M | 138.05M | 191.78M | 295.31M | 226.02M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 58.21M | 66.3M | 61.37M | 61.69M | 65.87M | 76.65M | 83.51M | 84.33M | 112.36M |
Days Sales Outstanding | 52.79 | 55.79 | 52.75 | 52.91 | 47.59 | 49.47 | 43.32 | 37.24 | 44.74 |
Inventory | 85.17M | 80.8M | 81.95M | 81.59M | 99.61M | 119.86M | 153.67M | 143.41M | 151.94M |
Days Inventory Outstanding | 126.02 | 108.68 | 114.56 | 115.74 | 121.31 | 126.58 | 131.31 | 105.24 | 103.74 |
Other Current Assets | 4.08M | 4.47M | 0 | 0 | 0 | 13.27M | 13.21M | 17.08M | 16.77M |
Total Non-Current Assets | 233.1M | 228.03M | 221.8M | 247.53M | 269.46M | 255.22M | 274.74M | 276.3M | 466.5M |
Property, Plant & Equipment | 93.6M | 90.32M | 85.76M | 82.7M | 78.05M | 73.54M | 73.88M | 74.26M | 79.64M |
Fixed Asset Turnover | 4.30x | 4.80x | 4.95x | 5.15x | 6.47x | 7.69x | 9.52x | 11.13x | 11.51x |
Goodwill | 67.42M | 71.26M | 71.26M | 88.71M | 104.31M | 101.26M | 113.16M | 111.77M | 235.57M |
Intangible Assets | 65.33M | 60.62M | 53.86M | 59.6M | 69.78M | 53.61M | 57.44M | 48.87M | 118.5M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 3.9M | 3.67M | 10.18M | 11.43M | 9.79M | 14.05M | 7.55M | 8.88M | 32.79M |
Total Assets | 391.73M▲ 0% | 392.69M▲ 0.2% | 421.89M▲ 7.4% | 471.22M▲ 11.7% | 530.82M▲ 12.6% | 603.05M▲ 13.6% | 716.92M▲ 18.9% | 816.41M▲ 13.9% | 973.58M▲ 19.3% |
Asset Turnover | 1.03x | 1.10x | 1.01x | 0.90x | 0.95x | 0.94x | 0.98x | 1.01x | 0.94x |
Asset Growth % | 11.92% | 0.25% | 7.44% | 11.69% | 12.65% | 13.61% | 18.88% | 13.88% | 19.25% |
Total Current Liabilities | 93.11M | 60.02M | 57.25M | 68.04M | 82.15M | 110.31M | 131.95M | 118.2M | 150.72M |
Accounts Payable | 28.6M | 22.47M | 31.52M | 34.92M | 41.86M | 71.44M | 81.81M | 55.66M | 72.3M |
Days Payables Outstanding | 42.32 | 30.22 | 44.07 | 49.54 | 50.98 | 75.45 | 69.9 | 40.85 | 49.36 |
Short-Term Debt | 44.55M | 18.06M | 4.48M | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 18.88M | 19.49M | 21.24M | 33.11M | 40.29M | 38.87M | 50.14M | 62.55M | 40.8M |
Current Ratio | 1.70x | 2.74x | 3.50x | 3.29x | 3.18x | 3.15x | 3.35x | 4.57x | 3.36x |
Quick Ratio | 0.79x | 1.40x | 2.06x | 2.09x | 1.97x | 2.07x | 2.19x | 3.36x | 2.36x |
Cash Conversion Cycle | 136.5 | 134.25 | 123.24 | 119.11 | 117.92 | 100.6 | 104.73 | 101.63 | 99.11 |
Total Non-Current Liabilities | 21.17M | 29.17M | 33.58M | 41.92M | 45.6M | 50.31M | 68.49M | 91.98M | 109.57M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 3.43M | 3.33M | 876K | 5.7M | 5.38M | 4.65M | 5.06M | 3.65M | 3.48M |
Other Non-Current Liabilities | 17.73M | 25.84M | 32.7M | 36.23M | 40.22M | 13.43M | 13.66M | 24.17M | 106.09M |
Total Liabilities | 114.28M | 89.19M | 90.83M | 109.96M | 127.75M | 160.63M | 200.44M | 210.18M | 260.28M |
Total Debt | 44.55M | 18.06M | 4.48M | 0 | 0 | 0 | 0 | 0 | 0 |
Net Debt | 33.39M | 4.97M | -44.39M | -72.27M | -87.17M | -138.05M | -191.78M | -295.31M | -226.02M |
Debt / Equity | 0.16x | 0.06x | 0.01x | - | - | - | - | - | - |
Debt / EBITDA | 0.56x | 0.22x | 0.05x | - | - | - | - | - | - |
Net Debt / EBITDA | 0.42x | 0.06x | -0.51x | -0.80x | -0.82x | -1.22x | -1.31x | -1.55x | -1.04x |
Interest Coverage | 70.50x | 49.15x | 245.64x | 2171.87x | - | - | - | - | - |
Total Equity | 277.45M▲ 0% | 303.5M▲ 9.4% | 331.07M▲ 9.1% | 361.26M▲ 9.1% | 403.07M▲ 11.6% | 442.42M▲ 9.8% | 516.48M▲ 16.7% | 606.23M▲ 17.4% | 713.29M▲ 17.7% |
Equity Growth % | 8.29% | 9.39% | 9.08% | 9.12% | 11.57% | 9.76% | 16.74% | 17.38% | 17.66% |
Book Value per Share | 9.53 | 10.40 | 11.33 | 12.36 | 13.74 | 15.06 | 17.53 | 20.53 | 24.12 |
Total Shareholders' Equity | 277.45M | 303.5M | 331.07M | 361.26M | 403.07M | 442.42M | 516.48M | 606.23M | 713.29M |
Common Stock | 37.16M | 37.2M | 37.2M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 0 |
Retained Earnings | 244.22M | 257.31M | 285.88M | 314.85M | 353.54M | 395.15M | 458.72M | 547.8M | 0 |
Treasury Stock | -24.77M | -29.36M | -34.24M | -37.09M | -37.05M | -37.25M | -37M | -36.7M | 0 |
Accumulated OCI | -10.89M | 580K | 425K | 1.31M | 136K | -5.98M | -1.65M | -7.91M | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BMI Cash Flow Statement
Badger Meter, Inc. (BMI) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 49.75M | 60.35M | 80.71M | 89.58M | 87.51M | 82.45M | 110.12M | 155.03M | 183.7M |
Operating CF Margin % | 12.36% | 13.91% | 19.01% | 21.05% | 17.32% | 14.58% | 15.65% | 18.76% | 20.04% |
Operating CF Growth % | -11.45% | 21.3% | 33.74% | 10.98% | -2.31% | -5.78% | 33.55% | 40.79% | 18.49% |
Net Income | 34.57M | 27.79M | 47.18M | 49.34M | 60.88M | 66.5M | 92.6M | 124.94M | 141.63M |
Depreciation & Amortization | 24.4M | 24.32M | 24.15M | 25.22M | 27.86M | 26.24M | 28.11M | 32.19M | 34.58M |
Stock-Based Compensation | 1.73M | 4.17M | 1.21M | 1.42M | 2.33M | 3.15M | 5.19M | 6.18M | 9.19M |
Deferred Taxes | -4.1M | -5.27M | -1.52M | -3.08M | -3.02M | -5.62M | -9.65M | -11.07M | -854K |
Other Non-Cash Items | -111K | 17.5M | -40K | 206K | -234K | -648K | -338K | -153K | 136K |
Working Capital Changes | -6.73M | -8.16M | 9.74M | 16.48M | -277K | -7.17M | -5.79M | 2.95M | -992K |
Change in Receivables | -967K | -8M | -8M | 3.04M | -1.24M | -11.33M | -6.35M | -1.44M | -20.11M |
Change in Inventory | -6.17M | 4.86M | -1.22M | 5.13M | -13.63M | -21.02M | -32.47M | 10.32M | -987K |
Change in Payables | -65.11M | 8M | 8M | -391K | 7M | 28.01M | 8.51M | -12.16M | 14.4M |
Cash from Investing | -35.45M | -16.69M | -7.5M | -38.19M | -51.42M | -5.89M | -29.13M | -15.82M | -198.05M |
Capital Expenditures | -15.07M | -8.64M | -7.5M | -9.06M | -6.75M | -5.89M | -12M | -12.82M | -14.03M |
CapEx % of Revenue | 3.74% | 1.99% | 1.77% | 2.13% | 1.34% | 1.04% | 1.71% | 1.55% | 1.53% |
Acquisitions | -20.38M | -8.05M | -8.05M | -29.13M | -45.27M | -45.27M | -17.13M | -3M | -184.02M |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 8.05M | 0 | 596K | 45.27M | 0 | 0 | 0 |
Cash from Financing | -10.43M | -42.14M | -37.71M | -27.82M | -20.51M | -24.61M | -28.09M | -35.1M | -57.98M |
Debt Issued (Net) | 0 | 0 | -13.5M | -4.6M | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -460K | -427K | 967K | 751K | -1000K |
Dividends Paid | -14.21M | -16.27M | -18.59M | -20.34M | -22.16M | -24.88M | -29.05M | -35.85M | -43.53M |
Share Repurchases | -4.4M | -4.79M | -5.21M | -3.12M | -460K | -427K | 0 | 0 | -15M |
Other Financing | 7.59M | -21.6M | -407K | -1M | 2.11M | 703K | 0 | 0 | 0 |
Net Change in Cash | 3.83M▲ 0% | 1.92M▼ 49.8% | 35.78M▲ 1761.9% | 23.4M▼ 34.6% | 14.9M▼ 36.3% | 50.88M▲ 241.4% | 53.73M▲ 5.6% | 103.52M▲ 92.7% | -69.29M▼ 166.9% |
Free Cash Flow | 34.68M▲ 0% | 51.71M▲ 49.1% | 73.22M▲ 41.6% | 80.52M▲ 10.0% | 80.76M▲ 0.3% | 76.56M▼ 5.2% | 98.11M▲ 28.2% | 142.22M▲ 44.9% | 169.67M▲ 19.3% |
FCF Margin % | 8.62% | 11.92% | 17.24% | 18.92% | 15.99% | 13.54% | 13.94% | 17.21% | 18.51% |
FCF Growth % | -23.92% | 49.09% | 41.6% | 9.97% | 0.3% | -5.21% | 28.15% | 44.95% | 19.31% |
FCF per Share | 1.19 | 1.77 | 2.51 | 2.75 | 2.75 | 2.61 | 3.33 | 4.82 | 5.74 |
FCF Conversion (FCF/Net Income) | 1.44x | 2.17x | 1.71x | 1.82x | 1.44x | 1.24x | 1.19x | 1.24x | 1.30x |
Interest Paid | 867K | 1.18M | 268K | 91K | 118K | 0 | 0 | 0 | 0 |
Taxes Paid | 17.91M | 12.5M | 13.07M | 18M | 19.98M | 24.04M | 38.93M | 56.04M | 0 |
BMI Key Ratios
Badger Meter, Inc. (BMI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 13.22% | 12.96% | 9.57% | 14.87% | 14.25% | 15.93% | 15.73% | 19.31% | 22.26% | 21.47% |
Return on Invested Capital (ROIC) | 13.08% | 13.96% | 13.77% | 15.66% | 16.98% | 19.52% | 21.11% | 28.15% | 37.27% | 34.47% |
Gross Margin | 38.24% | 38.7% | 37.43% | 38.51% | 39.54% | 40.67% | 38.89% | 39.29% | 39.83% | 41.68% |
Net Margin | 8.2% | 8.59% | 6.41% | 11.11% | 11.6% | 12.05% | 11.76% | 13.16% | 15.12% | 15.45% |
Debt / Equity | 0.15x | 0.16x | 0.06x | 0.01x | - | - | - | - | - | - |
Interest Coverage | 55.12x | 70.50x | 49.15x | 245.64x | 2171.87x | - | - | - | - | - |
FCF Conversion | 1.74x | 1.44x | 2.17x | 1.71x | 1.82x | 1.44x | 1.24x | 1.19x | 1.24x | 1.30x |
Revenue Growth | 4.25% | 2.2% | 7.78% | -2.1% | 0.22% | 18.72% | 11.95% | 24.4% | 17.48% | 10.9% |
Related:BMI Dividend History·BMI Revenue History·BMI Price History·BMI P/E History·BMI Financial Ratios·BMI Institutional Holders
BMI SEC Filings & Documents
Badger Meter, Inc. (BMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
BMI Frequently Asked Questions
Badger Meter, Inc. (BMI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Badger Meter, Inc. (BMI) reported $916.7M in revenue for fiscal year 2025. This represents a 690% increase from $116.0M in 1996.
Badger Meter, Inc. (BMI) grew revenue by 10.9% over the past year. This is steady growth.
Yes, Badger Meter, Inc. (BMI) is profitable, generating $141.6M in net income for fiscal year 2025 (15.5% net margin).
Dividend & Returns
Yes, Badger Meter, Inc. (BMI) pays a dividend with a yield of 1.09%. This makes it attractive for income-focused investors.
Badger Meter, Inc. (BMI) has a return on equity (ROE) of 21.5%. This is excellent, indicating efficient use of shareholder capital.
Badger Meter, Inc. (BMI) generated $169.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.