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	2015 - 2019
Period Ending	Mar '25 Mar 31, 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	2015 - 2019
Revenue	852.49	826.56	703.59	565.57	505.2	425.54	Upgrade
Revenue Growth (YoY)	15.08%	17.48%	24.40%	11.95%	18.72%	0.22%	Upgrade
Cost of Revenue	505.05	497.37	427.15	345.6	299.71	257.3	Upgrade
Gross Profit	347.44	329.18	276.44	219.97	205.48	168.25	Upgrade
Selling, General & Admin	176.67	171.3	158.52	132.81	126.88	103.24	Upgrade
Operating Expenses	176.67	171.3	158.52	132.81	126.88	103.24	Upgrade
Operating Income	170.77	157.89	117.92	87.17	78.6	65.01	Upgrade
Interest Expense	-	-	-	-	-	-0.03	Upgrade
Interest & Investment Income	8.42	8.61	4.05	0.55	0.02	-	Upgrade
EBT Excluding Unusual Items	179.2	166.5	121.97	87.72	78.62	64.98	Upgrade
Pretax Income	179.2	166.5	121.97	87.72	78.62	64.98	Upgrade
Income Tax Expense	44.99	41.56	29.37	21.22	17.74	15.64	Upgrade
Net Income	134.21	124.94	92.6	66.5	60.88	49.34	Upgrade
Net Income to Common	134.21	124.94	92.6	66.5	60.88	49.34	Upgrade
Net Income Growth	31.17%	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)	0.26%	0.27%	0.27%	0.13%	0.37%	0.03%	Upgrade
EPS (Basic)	4.57	4.26	3.16	2.28	2.09	1.70	Upgrade
EPS (Diluted)	4.54	4.23	3.14	2.26	2.08	1.69	Upgrade
EPS Growth	30.84%	34.71%	38.94%	8.65%	23.08%	4.97%	Upgrade
Free Cash Flow	153.49	142.22	98.11	76.56	80.76	80.52	Upgrade
Free Cash Flow Per Share	5.19	4.82	3.33	2.61	2.75	2.75	Upgrade
Dividend Per Share	1.290	1.220	0.990	0.850	0.760	0.700	Upgrade
Dividend Growth	25.24%	23.23%	16.47%	11.84%	8.57%	9.38%	Upgrade
Gross Margin	40.76%	39.83%	39.29%	38.89%	40.67%	39.54%	Upgrade
Operating Margin	20.03%	19.10%	16.76%	15.41%	15.56%	15.28%	Upgrade
Profit Margin	15.74%	15.12%	13.16%	11.76%	12.05%	11.59%	Upgrade
Free Cash Flow Margin	18.00%	17.21%	13.94%	13.54%	15.99%	18.92%	Upgrade
EBITDA	203.23	190.07	146.03	113.41	106.47	90.23	Upgrade
EBITDA Margin	23.84%	23.00%	20.76%	20.05%	21.07%	21.20%	Upgrade
D&A For EBITDA	32.46	32.19	28.11	26.24	27.86	25.22	Upgrade
EBIT	170.77	157.89	117.92	87.17	78.6	65.01	Upgrade
EBIT Margin	20.03%	19.10%	16.76%	15.41%	15.56%	15.28%	Upgrade
Effective Tax Rate	25.10%	24.96%	24.08%	24.19%	22.56%	24.07%	Upgrade

Updated Apr 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q