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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	67.93	226.02	295.31	191.78	138.05	87.17
Cash & Short-Term Investments	67.93	226.02	295.31	191.78	138.05	87.17
Cash Growth	-66.32%	-23.46%	53.98%	38.92%	58.36%	20.62%
Receivables	111.83	112.36	84.33	83.51	76.65	65.87
Inventory	166.43	151.94	143.41	153.67	119.86	99.61
Prepaid Expenses	21.72	16.77	17.08	13.21	13.27	8.71
Total Current Assets	367.9	507.08	540.12	442.18	347.83	261.36
Property, Plant & Equipment	83.47	92.17	80.12	79.4	80.08	83.93
Goodwill	302.81	235.58	111.77	113.16	101.26	104.31
Other Intangible Assets	157.51	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	17.85	2.42	3.02	2.03	2.72	3.91
Total Assets	943.65	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	21.9	37.62	34.91	29.87	20.51	20.64
Current Portion of Leases	-	3.52	1.21	1	1.22	-
Current Unearned Revenue	24.04	24.28	14.12	10.21	-	-
Other Current Liabilities	102.35	85.3	67.96	90.87	88.58	61.5
Total Current Liabilities	148.3	150.72	118.21	131.95	110.31	82.15
Long-Term Leases	22.82	9.17	4.8	4.76	5.57	6.18
Long-Term Unearned Revenue	79.71	72.77	64.15	49.76	32.24	-
Pension & Post-Retirement Benefits	9.34	9.16	9.96	8.91	7.86	10.41
Long-Term Deferred Tax Liabilities	16.62	3.48	3.65	5.06	4.65	5.39
Other Long-Term Liabilities	15.73	14.99	9.41	-	-	23.63
Total Liabilities	292.52	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	Sep 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	82.6	75.29	65.82	59.19	53.28	49.22
Retained Earnings	702.9	645.88	547.8	458.72	395.16	353.54
Treasury Stock	-169.93	-51.57	-36.7	-37	-37.25	-37.05
Comprehensive Income & Other	-1.66	6.47	-7.91	-1.65	-5.98	0.14
Shareholders' Equity	651.13	713.29	606.23	516.48	442.42	403.07
Total Liabilities & Equity	943.65	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	22.82	12.69	6.01	5.76	6.79	6.18
Net Cash (Debt)	45.11	213.33	289.29	186.02	131.26	81
Net Cash Growth	-77.64%	-26.26%	55.51%	41.72%	62.06%	24.50%
Net Cash Per Share	1.54	7.21	9.80	6.32	4.47	2.76
Filing Date Shares Outstanding	28.56	29.18	29.41	29.35	29.29	29.25
Total Common Shares Outstanding	28.56	29.39	29.41	29.35	29.29	29.25
Working Capital	219.6	356.36	421.91	310.23	237.52	179.21
Book Value Per Share	22.80	24.27	20.61	17.60	15.10	13.78
Tangible Book Value	190.81	355.52	445.6	345.88	282.75	228.98
Tangible Book Value Per Share	6.68	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: Oct 23, 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:

Oct 28, 2026

Data Sources Report a data error