Badger Meter, Inc. (BMI)
NYSE: BMI · Real-Time Price · USD
134.99
-1.45 (-1.06%)
Aug 11, 2026, 9:50 AM EDT - Market open

Badger Meter Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
880.96916.66826.56703.59565.57505.2
Revenue Growth
0.80%10.90%17.48%24.40%11.95%18.72%
Gross Profit
363.92382.07329.18276.44219.97205.48
Operating Income
163.68183.42157.94118.0587.378.72
Net Income
125.71141.63124.9492.666.560.88
Earnings Per Share
4.284.794.233.142.262.08
EPS Growth
-6.75%13.24%34.71%38.94%8.65%23.08%

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
788.66825.94745.19621.17491.68432.19
Asia
14.7814.2811.2413.551516.74
Canada
13.7815.2310.4512.9612.7711.87
Europe
47.6543.9237.2939.1128.7230.36
Mexico
3.242.693.624.263.935.11
Middle East
9.8810.9916.7810.389.297.18
Other Geographic
2.963.621.992.184.191.76
Revenue (Total)
880.96916.66826.56703.59565.57505.2

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
95.73226.02295.31191.78138.0587.17
Total Debt
000000
Net Cash (Debt)
95.73226.02295.31191.78138.0587.17
Net Cash Growth
-42.05%-23.46%53.98%38.92%58.36%20.62%
Net Cash Per Share
3.267.6410.006.514.702.97

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
166.69183.7155.03110.1282.4587.51
Capital Expenditures
-16.39-14.03-12.82-12-5.89-6.75
Free Cash Flow
150.3169.67142.2298.1176.5680.76
Free Cash Flow Growth
-6.10%19.31%44.95%28.15%-5.21%0.30%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
41.31%41.68%39.83%39.29%38.89%40.67%
Operating Margin
18.58%20.01%19.11%16.78%15.43%15.58%
Pretax Margin
19.09%20.58%20.14%17.33%15.51%15.56%
Profit Margin
14.27%15.45%15.12%13.16%11.76%12.05%
FCF Margin
17.06%18.51%17.21%13.94%13.54%15.99%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.6001.4801.2200.9900.8500.760
Dividend Per Share Growth
17.65%21.31%23.23%16.47%11.84%8.57%
Dividend Yield
1.17%0.85%0.58%0.64%0.78%0.71%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
31.9436.4150.1549.1648.2451.23
Forward PE
28.6833.1244.3744.5243.7753.35
P/FCF Ratio
26.3130.2143.8746.1741.7238.59
PS Ratio
4.495.597.556.445.656.17