Badger Meter, Inc. (BMI)

Badger Meter Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	95.73	226.02	295.31	191.78	138.05	87.17
Cash & Short-Term Investments	95.73	226.02	295.31	191.78	138.05	87.17
Cash Growth	-42.05%	-23.46%	53.98%	38.92%	58.36%	20.62%
Receivables	121.23	112.36	84.33	83.51	76.65	65.87
Inventory	178.09	151.94	143.41	153.67	119.86	99.61
Prepaid Expenses	21.15	16.77	17.08	13.21	13.27	8.71
Total Current Assets	416.21	507.08	540.12	442.18	347.83	261.36
Property, Plant & Equipment	83.44	92.17	80.12	79.4	80.08	83.93
Goodwill	302.61	235.58	111.77	113.16	101.26	104.31
Other Intangible Assets	162.54	122.2	48.87	57.44	58.41	69.78
Long-Term Deferred Tax Assets	14.11	14.14	32.53	22.72	12.76	7.53
Other Long-Term Assets	19.27	2.42	3.02	2.03	2.72	3.91
Total Assets	998.17	973.58	816.41	716.92	603.05	530.82

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	18.73	37.62	34.91	29.87	20.51	20.64
Current Portion of Leases	-	3.52	1.21	1	1.22	-
Current Unearned Revenue	-	24.28	14.12	10.21	-	-
Other Current Liabilities	153.14	85.3	67.96	90.87	88.58	61.5
Total Current Liabilities	171.87	150.72	118.21	131.95	110.31	82.15
Long-Term Leases	23.48	9.17	4.8	4.76	5.57	6.18
Long-Term Unearned Revenue	78.78	72.77	64.15	49.76	32.24	-
Pension & Post-Retirement Benefits	9.73	9.16	9.96	8.91	7.86	10.41
Long-Term Deferred Tax Liabilities	16.69	3.48	3.65	5.06	4.65	5.39
Other Long-Term Liabilities	14.74	14.99	9.41	-	-	23.63
Total Liabilities	315.29	260.28	210.18	200.44	160.63	127.75

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	37.22	37.22	37.22	37.22	37.22	37.22
Additional Paid-In Capital	80.12	75.29	65.82	59.19	53.28	49.22
Retained Earnings	679.65	645.88	547.8	458.72	395.16	353.54
Treasury Stock	-114.38	-51.57	-36.7	-37	-37.25	-37.05
Comprehensive Income & Other	0.27	6.47	-7.91	-1.65	-5.98	0.14
Shareholders' Equity	682.88	713.29	606.23	516.48	442.42	403.07
Total Liabilities & Equity	998.17	973.58	816.41	716.92	603.05	530.82

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	23.48	12.69	6.01	5.76	6.79	6.18
Net Cash (Debt)	72.26	213.33	289.29	186.02	131.26	81
Net Cash Growth	-56.26%	-26.26%	55.51%	41.72%	62.06%	24.50%
Net Cash Per Share	2.46	7.21	9.80	6.32	4.47	2.76
Filing Date Shares Outstanding	28.99	29.18	29.41	29.35	29.29	29.25
Total Common Shares Outstanding	28.99	29.39	29.41	29.35	29.29	29.25
Working Capital	244.33	356.36	421.91	310.23	237.52	179.21
Book Value Per Share	23.56	24.27	20.61	17.60	15.10	13.78
Tangible Book Value	217.73	355.52	445.6	345.88	282.75	228.98
Tangible Book Value Per Share	7.51	12.10	15.15	11.79	9.65	7.83
Land	-	9.54	9.24	9.26	8.95	9.18
Buildings	-	74.96	71.53	72.15	70.85	71.1
Machinery	-	163.95	152.44	144.58	141.15	136.51

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error