BMI
Badger Meter (BMI)
NYSE
$130.04-$4.78 (-3.55%)
Price as of Jun 23, 2026 7:58 PM EDT
  • $3.9B
    Market Cap
  • -44.75%
    1-Year Change
  • Scientific & Technical Instruments
    Industry
Annual
Quarterly
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Income Statement
Total Operating Revenue
916.7M
+10.90%
826.6M
+17.48%
703.6M
+24.40%
565.6M
+11.95%
Cost of Revenue
534.6M
+7.48%
497.4M
+16.44%
427.2M
+23.60%
345.6M
+15.31%
Gross Profit
382.1M
+16.07%
329.2M
+19.08%
276.4M
+25.67%
220.0M
+7.05%
Sales and Marketing Expense
198.6M
+16.00%
171.2M
+8.12%
158.4M
+19.38%
132.7M
+4.67%
Research and Development Expense
-21.6M
+12.50%
-19.2M
+1.05%
-19.0M
-220.25%
15.8M
+7.48%
Depreciation and Amortization Expense
11.1M
0.00%
11.1M
+1.52%
10.9M
-1.38%
11.1M
-1.78%
Total Operating Expenses
534.6M
+7.48%
497.4M
+16.44%
427.2M
+23.60%
345.6M
+15.31%
Operating Profit
183.4M
+16.14%
157.9M
+33.79%
118.0M
+35.23%
87.3M
+10.89%
Interest Income
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Interest Expense
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Interest Income and Expense and Net
0
N/A
0
N/A
0
-100.00%
552,000
+2,660.00%
Total Nonoperating Income and Expense
5.1M
-40.51%
8.6M
+112.82%
4.0M
+633.15%
552,000
+2,660.00%
Income before Taxes
188.7M
+13.31%
166.5M
+36.51%
122.0M
+39.04%
87.7M
+11.57%
Income Taxes
47.0M
+13.15%
41.6M
+41.51%
29.4M
+38.39%
21.2M
+19.63%
Extraordinary Items
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net Income
141.6M
+13.36%
124.9M
+34.93%
92.6M
+39.25%
66.5M
+9.22%
Net Income from Continuing Operations Applicable to Common
188.7M
+13.31%
166.5M
+36.51%
122.0M
+39.04%
87.7M
+11.57%
Basic EPS and Net Income
4.82
+13.15%
4.26
+34.81%
3.16
+38.60%
2.28
+9.09%
Diluted EPS and Net Income
4.79
+13.24%
4.23
+34.71%
3.14
+38.94%
2.26
+8.65%
Basic Weighted Average Shares
29.4M
+100,043.07%
29,356
+0.25%
29,284
+0.23%
29,218
+0.25%
Diluted Weighted Average Shares
29.6M
+100,018.51%
29,534
+0.26%
29,456
+0.27%
29,376
+0.13%
Balance Sheet
Cash and Cash Equivalents
226.0M
-23.46%
295.3M
+53.98%
191.8M
+38.92%
138.1M
+58.36%
Short-Term Investments
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash and Cash Equivalents and Short-Term Investments
226.0M
-23.46%
295.3M
+53.98%
191.8M
+38.92%
138.1M
+58.36%
Total Current Assets
507.1M
-6.12%
540.1M
+22.15%
442.2M
+27.12%
347.8M
+33.09%
Accumulated Depreciation
168.8M
+6.21%
158.9M
+4.49%
152.1M
+3.19%
147.4M
+6.24%
Property and Plant and Equipment and Net
79.6M
+7.24%
74.3M
+0.52%
73.9M
+0.46%
73.5M
-5.78%
Total Long-Term Assets
18.7M
+47.15%
12.7M
+12.69%
11.2M
-19.92%
14.0M
-8.72%
Total Assets
973.6M
+19.25%
816.4M
+13.88%
716.9M
+18.88%
603.0M
+13.61%
Income Taxes Payable
3.5M
-4.79%
3.7M
-27.84%
5.1M
+8.89%
4.6M
-13.69%
Total Short-Term Debt
0
N/A
0
N/A
0
N/A
0
N/A
Total Current Liabilities
150.7M
+27.50%
118.2M
-10.42%
131.9M
+19.61%
110.3M
+34.29%
Total Long-Term Debt
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Long-Term Liabilities
109.6M
+19.13%
92.0M
+1,833.08%
4.8M
-87.42%
37.8M
+26.86%
Total Liabilities
150.7M
+27.50%
118.2M
-10.42%
131.9M
+19.61%
110.3M
+34.29%
Retained Earnings
645.9M
+17.90%
547.8M
+19.42%
458.7M
+16.09%
395.2M
+11.77%
Total Stockholders Equity
713.3M
+17.66%
606.2M
+17.38%
516.5M
+16.74%
442.4M
+9.76%
Total Shares Outstanding
37.2M
0.00%
37.2M
0.00%
37.2M
0.00%
37.2M
0.00%
Cash Flow
Cash from Operating Activities
183.7M
+18.49%
155.0M
+40.79%
110.1M
+33.55%
82.5M
-5.78%
Capital Expenditures
14.0M
+9.42%
12.8M
+6.79%
12.0M
+103.75%
5.9M
-12.67%
Cash from Investing Activities
-198.1M
+1,152.05%
-15.8M
-45.70%
-29.1M
+394.48%
-5.9M
-88.54%
Dividends Paid
43.5M
+21.43%
35.8M
+23.39%
29.1M
+16.76%
24.9M
+12.30%
Cash from Financing Activities
-58.0M
+65.20%
-35.1M
+24.96%
-28.1M
+14.14%
-24.6M
+19.98%
Financials Ratio
Gross Margin
41.68%
+4.66%
39.83%
+1.37%
39.29%
+1.02%
38.89%
-4.38%
Operating Margin
20.01%
+4.72%
19.11%
+13.89%
16.78%
+8.70%
15.43%
-0.95%
Return on Assets
15.83%
-2.89%
16.30%
+16.15%
14.03%
+19.62%
11.73%
-3.75%
Return on Equity
21.47%
-3.55%
22.26%
+15.24%
19.31%
+22.78%
15.73%
-1.27%
Revenue Growth
10.90%
-37.63%
17.48%
-28.39%
24.40%
+104.23%
11.95%
-36.16%
Current Ratio
3.36
-26.37%
4.57
+36.35%
3.35
+6.28%
3.15
-0.90%
Cash Ratio
1.50
-39.97%
2.50
+71.87%
1.45
+16.14%
1.25
+17.93%
Debt-to-Equity Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Debt-to-Assets Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Earnings & Revenue History

Debt-to-Assets

Cash Flow