Badger Meter Inc.

BMI NYSE SEC CIK 9092
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Financials

Reported figures only · latest: Q2 2026 USD · US GAAP
Revenue, last quarter $222.3M −6.6% vs same quarter last year
Net income $29.7M −14.1% vs same quarter last year
EPS, diluted $1.02 −12.8% vs same quarter last year
Operating cash flow $26.7M −40.1% vs same quarter last year
Revenue by quarter
$208.4M
$205.2M
$222.2M
$238.1M
$235.7M
$220.7M
$202.3M
$222.3M
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income5 fiscal years
  • Revenue
  • Net income
$0$250M$500M$750M$1BFY21FY22FY23FY24FY25
Show the numbers
YearRevenueNet income
FY25$916.7M$141.6M
FY24$826.6M$124.9M
FY23$703.6M$92.6M
FY22$565.6M$66.5M
FY21$505.2M$60.9M
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
0%20%40%60%FY21FY22FY23FY24FY25
Show the numbers
YearGross marginOperating marginNet margin
FY2541.7%20%15.5%
FY2439.8%19.1%15.1%
FY2339.3%16.8%13.2%
FY2238.9%15.4%11.8%
FY2140.7%15.6%12.1%
Free cash flowOperating cash flow minus capital expenditure
$0$50M$100M$150M$200MFY21FY22FY23FY24FY25
Show the numbers
YearFree cash flow
FY25$169.7M
FY24$142.2M
FY23$98.1M
FY22$76.6M
FY21$80.8M
Net margin vs the sectorMedian of Technology companies filing with the SEC
  • Badger Meter
  • Technology median
0%5%10%15%20%FY21FY22FY23FY24FY25
Show the numbers
YearBadger MeterTechnology median
FY2515.5%8.4%
FY2415.1%8.9%
FY2313.2%7.7%
FY2211.8%5.9%
FY2112.1%9.8%

News

7 stories filed under Badger Meter