Badger Meter, Inc. (BMI) Earnings History
Elite Compounder37 years of earnings data (1989–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Badger Meter, Inc. (BMI) Earnings Overview
As of June 22, 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 ($21M 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% |
| 2015 | $26M | -12.6% | $42M | $0.90 | 6.9% | 11.2% |
| 2014 | $30M | +20.6% | $46M | $1.03 | 8.1% | 12.6% |
| 2013 | $25M | -12.2% | $39M | $0.85 | 7.4% | 11.7% |
| 2012 | $28M | +46.3% | $44M | $0.98 | 8.8% | 13.9% |
| 2011 | $19M | -33.1% | $28M | $0.64 | 7.3% | 10.5% |
| 2010 | $29M | -16.1% | $45M | $0.96 | 10.4% | 16.2% |
| 2009 | $34M | +36.2% | $42M | $1.14 | 13.6% | 16.9% |
| 2008 | $25M | +52.4% | $41M | $0.85 | 9.0% | 14.6% |
| 2007 | $16M | +118.0% | $31M | $0.56 | 7.0% | 13.0% |
| 2006 | $8M | -43.0% | $29M | $0.26 | 3.3% | 12.5% |
| 2005 | $13M | +37.6% | $24M | $0.48 | 6.1% | 11.1% |
| 2004 | $10M | +27.1% | $20M | $0.36 | 4.7% | 9.9% |
| 2003 | $8M | +4.2% | $14M | $0.29 | 4.1% | 7.7% |
| 2002 | $7M | +116.1% | $13M | $0.28 | 4.3% | 7.9% |
| 2001 | $3M | -51.5% | $6M | $0.13 | 2.4% | 4.4% |
| 2000 | $7M | -28.4% | $11M | $0.25 | 4.7% | 7.5% |
| 1999 | $10M | +18.3% | $17M | $0.33 | 6.4% | 11.1% |
| 1998 | $8M | +26.2% | $14M | $0.27 | 5.7% | 9.7% |
| 1997 | $7M | +27.5% | $11M | $0.21 | 5.0% | 8.4% |
| 1996 | $5M | +37.8% | $9M | $0.17 | 4.4% | 7.6% |
| 1995 | $4M | +15.6% | $7M | $0.13 | 3.4% | 6.4% |
| 1994 | $3M | +45.5% | $6M | $0.12 | 3.2% | 6.0% |
| 1993 | $2M | +156.4% | $4M | $0.08 | 2.6% | 4.7% |
| 1992 | -$4M | -343.8% | $2M | $-0.14 | -4.8% | 2.6% |
| 1991 | $2M | -30.4% | $3M | $0.06 | 2.0% | 4.2% |
| 1990 | $2M | -4.2% | $5M | $0.09 | 3.0% | 6.4% |
| 1989 | $2M | - | $5M | $0.10 | 3.3% | 6.9% |
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BMI — Frequently Asked Questions
Quick answers to the most common questions about buying BMI stock.
What is BMI earnings per share (EPS)?
BMI trailing twelve-month (TTM) diluted EPS is $4.79, reflecting +13.2% year-over-year growth. The 5-year EPS CAGR is +23.2%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Badger Meter, Inc.'s net income?
Badger Meter, Inc. (BMI) trailing twelve-month net income is $142M as of 2025. Earnings grew +13.2% year-over-year. Badger Meter, Inc. has been profitable for 33 consecutive years.
Is BMI profitable?
Yes, BMI is profitable with a TTM net income of $142M and a net profit margin of +15.5%. Badger Meter, Inc. has generated profits for 33 consecutive years.
What is BMI's earnings growth rate?
BMI compound annual EPS growth rates (CAGR): 1-Year: +13.2%, 3-Year: +28.5%, 5-Year: +23.2%, 10-Year: +18.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are BMI's profit margins?
Badger Meter, Inc. net profit margin is +15.5%, operating margin is +20.0%, and gross margin is +41.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +21.5%.
Is BMI growing earnings?
BMI is growing earnings steadily. YoY EPS growth of +13.2% is consistent with the 5-year CAGR of +23.2%. TTM net income is $142M.
What was BMI's best earnings year?
Badger Meter, Inc.'s highest annual net income on record is $142M, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were BMI's earnings last quarter?
BMI's most recent reported quarter was Q4 2025. Net income was $34M with diluted EPS of $1.14. For a full breakdown of all quarters, see the quarterly earnings table on this page.