Badger Meter, Inc. (BMI) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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BMI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BMI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 41.7% | 20.0% | 15.5% |
| 2024 | 39.8% | 19.1% | 15.1% |
| 2023 | 39.3% | 16.8% | 13.2% |
| 2022 | 38.9% | 15.4% | 11.8% |
| 2021 | 40.7% | 15.6% | 12.1% |
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Badger Meter, Inc. (BMI) Earnings Overview
As of May 8, 2026, Badger Meter, Inc. (BMI) reported trailing twelve-month net income of $142M, reflecting +13.2% year-over-year growth. The company earned $4.79 per diluted share over the past four quarters, with a net profit margin of 15.5%.
Looking at the long-term picture, BMI's 5-year EPS compound annual growth rate (CAGR) stands at +23.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $142M in fiscal 2025, representing a new all-time high.
Badger Meter, Inc. maintains industry-leading profitability with a gross margin of 41.7%, operating margin of 20.0%, and net margin of 15.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ITRI ($289M net income, 12.7% margin), FELE ($150M net income, 6.9% margin), ERII ($33M net income, 17.0% margin), BMI has outperformed on profitability metrics. Compare BMI vs ITRI →
BMI Earnings vs Peers
Earnings metrics vs comparable public companies
BMI Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $142M | +13.4% | $183M | $4.79 | 15.5% | 20.0% |
| 2024 | $125M | +34.9% | $158M | $4.23 | 15.1% | 19.1% |
| 2023 | $93M | +39.3% | $118M | $3.14 | 13.2% | 16.8% |
| 2022 | $66M | +9.2% | $87M | $2.26 | 11.8% | 15.4% |
| 2021 | $61M | +23.4% | $79M | $2.08 | 12.1% | 15.6% |
| 2020 | $49M | +4.6% | $65M | $1.69 | 11.6% | 15.3% |
| 2019 | $47M | +69.8% | $62M | $1.61 | 11.1% | 14.6% |
| 2018 | $28M | -19.6% | $57M | $0.95 | 6.4% | 13.1% |
| 2017 | $35M | +7.0% | $56M | $1.19 | 8.6% | 13.8% |
| 2016 | $32M | +24.5% | $51M | $1.11 | 8.2% | 12.9% |
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Start ComparisonBMI — Frequently Asked Questions
Quick answers to the most common questions about buying BMI stock.
Is BMI growing earnings?
BMI EPS stands at $4.79, with +13.2% growth matching the 5-year CAGR of +23.2%. TTM net income is $142M. Earnings trajectory remains consistent.
What are BMI's profit margins?
Badger Meter, Inc. net margin is +15.5%, with operating margin at +20.0%. Above-average margins indicate pricing power.
How consistent are BMI's earnings?
BMI earnings data spans 1989-2025. The current earnings trend is +13.2% YoY. Historical data enables comparison across business cycles.