Badger Meter Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	205.45	226.02	295.31	191.78	138.05	87.17
Cash & Short-Term Investments	205.45	226.02	295.31	191.78	138.05	87.17
Cash Growth	56.41%	-23.46%	53.98%	38.92%	58.36%	20.62%
Accounts Receivable	110.29	112.36	84.33	83.51	76.65	65.87
Inventory	175.19	151.94	143.41	153.67	119.86	99.61
Other Current Assets	17.37	16.77	17.08	13.21	13.27	8.71
Total Current Assets	508.3	507.08	540.12	442.18	347.83	261.36
Net Property, Plant & Equipment	80.83	79.64	74.26	73.88	73.54	78.05
Other Intangible Assets	114.4	118.5	45.07	53.74	53.61	64.18
Goodwill	234.65	235.58	111.77	113.16	101.26	104.31
Other Long-Term Assets	32.63	32.79	45.2	33.96	26.81	22.92
Total Assets	970.81	973.58	816.41	716.92	603.05	530.82
Accounts Payable	106.49	72.3	55.66	81.81	71.44	41.86
Accrued Expenses	15.66	37.62	34.91	29.87	20.51	20.64
Other Current Liabilities	47.27	40.8	27.63	20.27	18.36	19.64
Total Current Liabilities	169.42	150.72	118.21	131.95	110.31	82.15
Other Long-Term Liabilities	110.96	109.57	91.98	68.49	50.31	45.6
Total Long-Term Liabilities	110.96	109.57	91.98	68.49	50.31	45.6
Total Liabilities	280.38	260.28	210.18	200.44	160.63	127.75
Common Stock	37.22	37.22	37.22	37.22	37.22	37.22
Treasury Stock	-89.18	-51.57	-36.7	-37	-37.25	-37.05
Additional Paid-in Capital	77	75.29	65.82	59.19	53.28	49.22
Accumulated Other Comprehensive Income	3.85	6.47	-7.91	-1.65	-5.98	0.14
Retained Earnings	661.54	645.88	547.8	458.72	395.16	353.54
Shareholders' Equity	690.43	713.29	606.23	516.48	442.42	403.07
Total Liabilities & Equity	970.81	973.58	816.41	716.92	603.05	530.82
Net Cash (Debt)	205.45	226.02	295.31	191.78	138.05	87.17
Net Cash Growth	-9.10%	-23.46%	53.98%	38.92%	58.36%	20.62%
Net Cash Per Share	6.96	7.64	10.00	6.51	4.70	2.97
Book Value	690.43	713.29	606.23	516.48	442.42	403.07
Book Value Per Share	23.39	24.12	20.53	17.53	15.06	13.74
Tangible Book Value	341.38	359.22	449.4	349.58	287.55	234.58
Tangible Book Value Per Share	11.56	12.15	15.22	11.87	9.79	8.00

Updated Apr 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q