Badger Meter, Inc. (BMI) quarterly balance sheet — complete assets, liabilities & equity history
Badger Meter, Inc. (BMI) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 367.9M | 416.2M | 508.3M | 507.08M | 494.59M | 448.27M | 411.58M | 540.12M | 529.3M | 509.22M | 470.6M | 442.18M | 422.95M | 388.59M | 360.84M | 347.83M | 325.63M | 303.92M | 281.28M | 261.36M |
| Cash & Short-Term Investments | 67.93M | 95.73M | 205.45M | 226.02M | 201.69M | 165.21M | 131.36M | 295.31M | 258.95M | 226.21M | 199.31M | 191.78M | 162.91M | 141.81M | 128.36M | 138.05M | 114.79M | 100.21M | 89.22M | 87.17M |
| Cash Only | 67.93M | 95.73M | 205.45M | 226.02M | 201.69M | 165.21M | 131.36M | 295.31M | 258.95M | 226.21M | 199.31M | 191.78M | 162.91M | 141.81M | 128.36M | 138.05M | 114.79M | 100.21M | 89.22M | 87.17M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 111.83M | 121.23M | 110.29M | 112.36M | 115.06M | 117.67M | 111.86M | 84.33M | 93.43M | 106.23M | 92.29M | 83.51M | 89.06M | 84.02M | 84.25M | 76.65M | 83.49M | 77.25M | 78.15M | 65.87M |
| Days Sales Outstanding | 45.44 | 47.38 | 49.53 | 47.4 | 45.43 | 43.86 | 39.73 | 39.85 | 44.06 | 41.69 | 40.75 | 43.51 | 42.76 | 43.54 | 45.51 | 50 | 49.96 | 51.3 | 48.95 | 47.31 |
| Inventory | 166.43M | 178.09M | 175.19M | 151.94M | 152.63M | 147.26M | 149.41M | 143.41M | 158.52M | 161.27M | 160.44M | 153.67M | 147.79M | 144.75M | 132.34M | 119.86M | 113.61M | 111.44M | 103.02M | 99.61M |
| Days Inventory Outstanding | 115.6 | 122.19 | 124.81 | 109.69 | 98.67 | 96.22 | 103.94 | 113.45 | 118.1 | 111.49 | 120 | 124.96 | 118.59 | 118.47 | 117.87 | 118.85 | 114.4 | 117.46 | 111.64 | 108.83 |
| Other Current Assets | 0 | 21.15M | 17.36M | 16.77M | 25.21M | 18.14M | 18.96M | 17.08M | 18.4M | 15.51M | 18.56M | 13.21M | 23.19M | 18.01M | 15.89M | 13.27M | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 575.75M | 581.96M | 462.51M | 466.5M | 483.68M | 488.14M | 488.02M | 276.3M | 273.56M | 272.04M | 272.88M | 274.74M | 266.81M | 270.67M | 272.56M | 255.22M | 248.75M | 256.11M | 264.66M | 269.46M |
| Property, Plant & Equipment | 83.47M | 83.44M | 80.83M | 79.64M | 78.36M | 77.94M | 75.69M | 74.26M | 73.28M | 72.45M | 72.93M | 73.88M | 74.44M | 74.71M | 74.53M | 73.54M | 72.37M | 74.04M | 76.07M | 78.05M |
| Fixed Asset Turnover | 2.83x | 2.71x | 2.52x | 2.79x | 3.02x | 3.10x | 2.96x | 2.78x | 2.86x | 2.98x | 2.67x | 2.46x | 2.50x | 2.36x | 2.15x | 2.02x | 2.02x | 1.84x | 1.72x | 1.72x |
| Goodwill | 302.81M | 302.61M | 234.65M | 235.57M | 236.65M | 235.7M | 231.54M | 111.77M | 115M | 113.36M | 113.47M | 113.16M | 112.7M | 113.8M | 113.77M | 101.26M | 99.1M | 101.21M | 103.29M | 104.31M |
| Intangible Assets | 157.51M | 162.54M | 114.39M | 122.2M | 122.06M | 126.11M | 131.09M | 48.87M | 48.96M | 50.18M | 52.47M | 53.74M | 54.63M | 57.51M | 59.51M | 53.61M | 54.31M | 57.77M | 61.25M | 69.78M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 17.85M | 19.27M | 18.52M | 14.95M | 13.95M | 15.71M | 17.12M | 8.88M | 13.54M | 13.35M | 11.29M | 11.25M | 12.22M | 11.85M | 11.93M | 14.05M | 15.45M | 15.58M | 16.54M | 9.79M |
| Total Assets | 943.65M | 998.17M | 970.81M | 973.58M | 978.27M | 936.42M | 899.6M | 816.41M | 802.86M | 781.26M | 743.47M | 716.92M | 689.76M | 659.25M | 633.4M | 603.05M | 574.37M | 560.03M | 545.94M | 530.82M |
| Asset Turnover | 0.24x | 0.23x | 0.21x | 0.23x | 0.25x | 0.26x | 0.26x | 0.25x | 0.26x | 0.28x | 0.27x | 0.26x | 0.28x | 0.27x | 0.26x | 0.25x | 0.26x | 0.25x | 0.25x | 0.26x |
| Asset Growth % | -3.54% | 6.59% | 7.92% | 19.25% | 21.85% | 19.86% | 21% | 13.88% | 16.4% | 18.51% | 17.38% | 18.88% | 20.09% | 17.72% | 16.02% | 13.61% | 10.66% | 12.23% | 12.26% | 12.65% |
| Total Current Liabilities | 148.3M | 171.87M | 169.42M | 150.72M | 153.42M | 138.71M | 141.02M | 118.2M | 129.16M | 138.12M | 135.09M | 131.95M | 128.78M | 118.91M | 115.79M | 110.31M | 101.78M | 97.33M | 88.51M | 82.15M |
| Accounts Payable | 70.28M | 97.83M | 106.49M | 72.3M | 69.79M | 74.13M | 73.79M | 55.66M | 77.38M | 96.01M | 90.62M | 81.81M | 85M | 81.1M | 79.55M | 71.44M | 65.46M | 61.6M | 52.44M | 41.86M |
| Days Payables Outstanding | 56.41 | 70.67 | 68.21 | 51.17 | 47.35 | 47.97 | 45.95 | 49.99 | 64.03 | 64.68 | 65.87 | 69.14 | 67.34 | 68.68 | 70.57 | 69.69 | 64.59 | 62.46 | 51.95 | 47.91 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 107.6M | 106.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 56.12M | 55.31M | -44.67M | -27.67M | 50.11M | 64.58M | 67.23M | 62.55M | 51.78M | 42.11M | 44.48M | 50.14M | 43.78M | 37.81M | 36.24M | 38.87M | 36.32M | 35.74M | 36.07M | 40.29M |
| Current Ratio | 2.48x | 2.42x | 3.00x | 3.36x | 3.22x | 3.23x | 2.92x | 4.57x | 4.10x | 3.69x | 3.48x | 3.35x | 3.28x | 3.27x | 3.12x | 3.15x | 3.20x | 3.12x | 3.18x | 3.18x |
| Quick Ratio | 1.36x | 1.39x | 1.97x | 2.36x | 2.23x | 2.17x | 1.86x | 3.36x | 2.87x | 2.52x | 2.30x | 2.19x | 2.14x | 2.05x | 1.97x | 2.07x | 2.08x | 1.98x | 2.01x | 1.97x |
| Cash Conversion Cycle | 104.64 | 98.91 | 106.13 | 105.92 | 96.75 | 92.11 | 97.72 | 103.31 | 98.12 | 88.5 | 94.88 | 99.33 | 94.02 | 93.32 | 92.81 | 99.16 | 99.77 | 106.3 | 108.63 | 108.24 |
| Total Non-Current Liabilities | 144.22M | 143.42M | 110.96M | 109.57M | 122.34M | 120.12M | 116.89M | 91.98M | 82.51M | 80M | 72.81M | 68.49M | 68.27M | 64.75M | 59.58M | 50.31M | 49.73M | 46.51M | 47.55M | 45.6M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 16.62M | 16.69M | 3.36M | 3.48M | 24.07M | 24.11M | 24.29M | 3.65M | 5.11M | 4.84M | 4.89M | 5.06M | 6.44M | 6.66M | 6.74M | 4.65M | 4.58M | 4.94M | 5.21M | 5.38M |
| Other Non-Current Liabilities | 47.9M | 47.95M | 34.25M | 106.09M | 29.09M | 27.46M | 27.16M | 24.17M | 16.53M | 15.72M | 13.74M | 13.66M | 61.83M | 58.09M | 52.84M | 13.43M | 45.15M | 41.58M | 42.33M | 40.22M |
| Total Liabilities | 292.52M | 315.29M | 280.38M | 260.28M | 275.76M | 258.83M | 257.91M | 210.18M | 211.68M | 218.12M | 207.91M | 200.44M | 197.05M | 183.66M | 175.37M | 160.63M | 151.51M | 143.85M | 136.06M | 127.75M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -67.93M | -95.73M | -205.45M | -226.02M | -201.69M | -165.21M | -131.36M | -295.31M | -258.95M | -226.21M | -199.31M | -191.78M | -162.91M | -141.81M | -128.36M | -138.05M | -114.79M | -100.21M | -89.22M | -87.17M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.17x | -1.94x | -5.41x | -4.36x | -3.68x | -3.08x | -2.28x | -6.24x | -5.32x | -4.56x | -4.47x | -4.88x | -4.23x | -3.89x | -4.01x | -4.83x | -3.75x | -3.48x | -3.48x | -2.93x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2450.56x | 1448.46x | 475.65x |
| Total Equity | 651.13M | 683.14M | 690.43M | 713.29M | 702.51M | 677.59M | 641.69M | 606.23M | 591.18M | 563.14M | 535.57M | 516.48M | 492.71M | 475.59M | 458.04M | 442.42M | 422.86M | 416.18M | 409.88M | 403.07M |
| Equity Growth % | -7.31% | 0.82% | 7.6% | 17.66% | 18.83% | 20.32% | 19.81% | 17.38% | 19.99% | 18.41% | 16.93% | 16.74% | 16.52% | 14.27% | 11.75% | 9.76% | 7.92% | 8.99% | 10.82% | 11.57% |
| Book Value per Share | 22.55 | 23.44 | 23.51 | 24.14 | 23.75 | 22.91 | 21.70 | 20.64 | 20.01 | 19.07 | 18.16 | 17.52 | 16.72 | 16.15 | 15.57 | 15.05 | 14.40 | 14.18 | 13.96 | 13.72 |
| Total Shareholders' Equity | 651.13M | 683.14M | 690.43M | 713.29M | 702.51M | 677.59M | 641.69M | 606.23M | 591.18M | 563.14M | 535.57M | 516.48M | 492.71M | 475.59M | 458.04M | 442.42M | 422.86M | 416.18M | 409.88M | 403.07M |
| Common Stock | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M | 37.22M |
| Retained Earnings | 702.9M | 679.65M | 661.54M | 645.88M | 624.05M | 600.76M | 576.2M | 547.8M | 527.08M | 505.04M | 479.93M | 458.72M | 441.92M | 423.88M | 407.98M | 395.15M | 384.21M | 372.86M | 362.05M | 353.54M |
| Treasury Stock | -169.93M | -114.38M | -89.18M | -51.57M | -36.42M | -36.43M | -36.5M | -36.7M | -36.7M | -36.7M | -36.78M | -37M | -37M | -37.14M | -37.15M | -37.25M | -37.37M | -37.37M | -36.97M | -37.05M |
| Accumulated OCI | -1.66M | 265K | 3.85M | 6.47M | 5.12M | 5.53M | -2.75M | -7.91M | -650K | -5.34M | -5.27M | -1.65M | -7.4M | -4.2M | -4.26M | -5.98M | -12.98M | -7.54M | -2.18M | 136K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |