Badger Meter Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	226.02	295.31	191.78	138.05	87.17
Cash & Short-Term Investments	226.02	295.31	191.78	138.05	87.17
Cash Growth	-23.46%	53.98%	38.92%	58.36%	20.62%
Accounts Receivable	112.36	84.33	83.51	76.65	65.87
Inventory	151.94	143.41	153.67	119.86	99.61
Other Current Assets	16.77	17.08	13.21	13.27	8.71
Total Current Assets	507.08	540.12	442.18	347.83	261.36
Net Property, Plant & Equipment	79.64	74.26	73.88	73.54	78.05
Other Intangible Assets	118.5	45.07	53.74	53.61	64.18
Goodwill	235.58	111.77	113.16	101.26	104.31
Other Long-Term Assets	32.79	45.2	33.96	26.81	22.92
Total Assets	973.58	816.41	716.92	603.05	530.82
Accounts Payable	72.3	55.66	81.81	71.44	41.86
Accrued Expenses	37.62	34.91	29.87	20.51	20.64
Other Current Liabilities	40.8	27.63	20.27	18.36	19.64
Total Current Liabilities	150.72	118.21	131.95	110.31	82.15
Other Long-Term Liabilities	109.57	91.98	68.49	50.31	45.6
Total Long-Term Liabilities	109.57	91.98	68.49	50.31	45.6
Total Liabilities	260.28	210.18	200.44	160.63	127.75
Common Stock	37.22	37.22	37.22	37.22	37.22
Treasury Stock	-51.57	-36.7	-37	-37.25	-37.05
Additional Paid-in Capital	75.29	65.82	59.19	53.28	49.22
Accumulated Other Comprehensive Income	6.47	-7.91	-1.65	-5.98	0.14
Retained Earnings	645.88	547.8	458.72	395.16	353.54
Shareholders' Equity	713.29	606.23	516.48	442.42	403.07
Total Liabilities & Equity	973.58	816.41	716.92	603.05	530.82
Net Cash (Debt)	226.02	295.31	191.78	138.05	87.17
Net Cash Growth	-23.46%	53.98%	38.92%	58.36%	20.62%
Net Cash Per Share	7.64	10.00	6.51	4.70	2.97
Book Value	713.29	606.23	516.48	442.42	403.07
Book Value Per Share	24.12	20.53	17.53	15.06	13.74
Tangible Book Value	359.22	449.4	349.58	287.55	234.58
Tangible Book Value Per Share	12.15	15.22	11.87	9.79	8.00

Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q