Badger Meter, Inc. (BMI)

Badger Meter Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	740.77	703.59	565.57	505.2	425.54	424.63
Revenue Growth (YoY)	25.07%	24.40%	11.95%	18.72%	0.22%	-2.10%
Cost of Revenue	449.97	427.15	345.6	299.71	257.3	261.1
Gross Profit	290.8	276.44	219.97	205.48	168.25	163.53
Selling, General & Admin	161.22	158.39	132.68	126.76	103.09	101.38
Operating Expenses	161.22	158.39	132.68	126.76	103.09	101.38
Operating Income	129.58	118.05	87.3	78.72	65.16	62.15
Interest Expense / Income	-0.83	0	0	0	0.03	0.25
Other Expense / Income	-4.01	-3.92	-0.42	0.1	0.15	0.29
Pretax Income	134.42	121.97	87.72	78.62	64.98	61.61
Income Tax	32.11	29.37	21.22	17.74	15.64	14.43
Net Income	102.31	92.6	66.5	60.88	49.34	47.18
Net Income Growth	42.99%	39.25%	9.22%	23.39%	4.59%	69.76%
Shares Outstanding (Basic)	29	29	29	29	29	29
Shares Outstanding (Diluted)	29	29	29	29	29	29
Shares Change	0.25%	0.27%	0.13%	0.37%	0.03%	0.11%
EPS (Basic)	3.49	3.16	2.28	2.09	1.70	1.63
EPS (Diluted)	3.47	3.14	2.26	2.08	1.69	1.61
EPS Growth	42.80%	38.94%	8.65%	23.08%	4.97%	69.47%
Free Cash Flow	103.2	98.11	76.56	80.76	80.52	73.22
Free Cash Flow Per Share	3.52	3.35	2.62	2.77	2.77	2.52
Dividend Per Share	1.035	0.990	0.850	0.760	0.700	0.640
Dividend Growth	18.29%	16.47%	11.84%	8.57%	9.38%	14.29%
Gross Margin	39.26%	39.29%	38.89%	40.67%	39.54%	38.51%
Operating Margin	17.49%	16.78%	15.43%	15.58%	15.31%	14.64%
Profit Margin	13.81%	13.16%	11.76%	12.05%	11.60%	11.11%
Free Cash Flow Margin	13.93%	13.94%	13.54%	15.99%	18.92%	17.24%
Effective Tax Rate	23.89%	24.08%	24.19%	22.56%	24.07%	23.42%
EBITDA	162.77	150.08	113.96	106.49	90.23	86.01
EBITDA Margin	21.97%	21.33%	20.15%	21.08%	21.20%	20.25%
Depreciation & Amortization	29.17	28.11	26.24	27.86	25.22	24.15
EBIT	133.6	121.97	87.72	78.62	65.01	61.86
EBIT Margin	18.03%	17.33%	15.51%	15.56%	15.28%	14.57%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).