Badger Meter, Inc. (BMI)

Badger Meter Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	826.56	703.59	565.57	505.2	425.54
Revenue Growth (YoY)	17.48%	24.40%	11.95%	18.72%	0.22%
Cost of Revenue	497.37	427.15	345.6	299.71	257.3
Gross Profit	329.18	276.44	219.97	205.48	168.25
Selling, General & Admin	171.3	158.52	132.81	126.88	103.24
Operating Expenses	171.3	158.52	132.81	126.88	103.24
Operating Income	157.89	117.92	87.17	78.6	65.01
Interest Expense	-	-	-	-	-0.03
Interest & Investment Income	8.61	4.05	0.55	0.02	-
EBT Excluding Unusual Items	166.5	121.97	87.72	78.62	64.98
Pretax Income	166.5	121.97	87.72	78.62	64.98
Income Tax Expense	41.56	29.37	21.22	17.74	15.64
Net Income	124.94	92.6	66.5	60.88	49.34
Net Income to Common	124.94	92.6	66.5	60.88	49.34
Net Income Growth	34.93%	39.25%	9.22%	23.39%	4.59%
Shares Outstanding (Basic)	29	29	29	29	29
Shares Outstanding (Diluted)	30	29	29	29	29
Shares Change (YoY)	0.26%	0.27%	0.13%	0.37%	0.03%
EPS (Basic)	4.26	3.16	2.28	2.09	1.70
EPS (Diluted)	4.23	3.14	2.26	2.08	1.69
EPS Growth	34.71%	38.94%	8.65%	23.08%	4.97%
Free Cash Flow	142.22	98.11	76.56	80.76	80.52
Free Cash Flow Per Share	4.82	3.33	2.61	2.75	2.75
Dividend Per Share	1.220	0.990	0.850	0.760	0.700
Dividend Growth	23.23%	16.47%	11.84%	8.57%	9.38%
Gross Margin	39.83%	39.29%	38.89%	40.67%	39.54%
Operating Margin	19.10%	16.76%	15.41%	15.56%	15.28%
Profit Margin	15.12%	13.16%	11.76%	12.05%	11.60%
Free Cash Flow Margin	17.21%	13.94%	13.54%	15.99%	18.92%
EBITDA	190.07	146.03	113.41	106.47	90.23
EBITDA Margin	23.00%	20.75%	20.05%	21.07%	21.20%
D&A For EBITDA	32.19	28.11	26.24	27.86	25.22
EBIT	157.89	117.92	87.17	78.6	65.01
EBIT Margin	19.10%	16.76%	15.41%	15.56%	15.28%
Effective Tax Rate	24.96%	24.08%	24.19%	22.56%	24.07%

Source: S&P Capital IQ. Standard template. Financial Sources.