Badger Meter Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	873.93	826.56	703.59	565.57	505.2	425.54	Upgrade
Revenue Growth (YoY)	11.82%	17.48%	24.40%	11.95%	18.72%	0.22%	Upgrade
Cost of Revenue	514.04	497.37	427.15	345.6	299.71	257.3	Upgrade
Gross Profit	359.89	329.18	276.44	219.97	205.48	168.25	Upgrade
Selling, General & Admin	185.72	171.3	158.52	132.81	126.88	103.24	Upgrade
Operating Expenses	185.72	171.3	158.52	132.81	126.88	103.24	Upgrade
Operating Income	174.17	157.89	117.92	87.17	78.6	65.01	Upgrade
Interest Expense	-	-	-	-	-	-0.03	Upgrade
Interest & Investment Income	7.45	8.61	4.05	0.55	0.02	-	Upgrade
EBT Excluding Unusual Items	181.62	166.5	121.97	87.72	78.62	64.98	Upgrade
Pretax Income	181.62	166.5	121.97	87.72	78.62	64.98	Upgrade
Income Tax Expense	45.88	41.56	29.37	21.22	17.74	15.64	Upgrade
Net Income	135.74	124.94	92.6	66.5	60.88	49.34	Upgrade
Net Income to Common	135.74	124.94	92.6	66.5	60.88	49.34	Upgrade
Net Income Growth	20.25%	34.93%	39.25%	9.22%	23.39%	4.59%	Upgrade
Shares Outstanding (Basic)	29	29	29	29	29	29	Upgrade
Shares Outstanding (Diluted)	30	30	29	29	29	29	Upgrade
Shares Change (YoY)	0.24%	0.27%	0.27%	0.13%	0.37%	0.03%	Upgrade
EPS (Basic)	4.62	4.26	3.16	2.28	2.09	1.70	Upgrade
EPS (Diluted)	4.59	4.23	3.14	2.26	2.08	1.69	Upgrade
EPS Growth	19.85%	34.71%	38.94%	8.65%	23.08%	4.97%	Upgrade
Free Cash Flow	160.06	142.22	98.11	76.56	80.76	80.52	Upgrade
Free Cash Flow Per Share	5.41	4.82	3.33	2.61	2.75	2.75	Upgrade
Dividend Per Share	1.360	1.220	0.990	0.850	0.760	0.700	Upgrade
Dividend Growth	25.93%	23.23%	16.47%	11.84%	8.57%	9.38%	Upgrade
Gross Margin	41.18%	39.83%	39.29%	38.89%	40.67%	39.54%	Upgrade
Operating Margin	19.93%	19.10%	16.76%	15.41%	15.56%	15.28%	Upgrade
Profit Margin	15.53%	15.12%	13.16%	11.76%	12.05%	11.59%	Upgrade
Free Cash Flow Margin	18.32%	17.21%	13.94%	13.54%	15.99%	18.92%	Upgrade
EBITDA	207.33	190.07	146.03	113.41	106.47	90.23	Upgrade
EBITDA Margin	23.72%	23.00%	20.76%	20.05%	21.07%	21.20%	Upgrade
D&A For EBITDA	33.16	32.19	28.11	26.24	27.86	25.22	Upgrade
EBIT	174.17	157.89	117.92	87.17	78.6	65.01	Upgrade
EBIT Margin	19.93%	19.10%	16.76%	15.41%	15.56%	15.28%	Upgrade
Effective Tax Rate	25.26%	24.96%	24.08%	24.19%	22.56%	24.07%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.