Badger Meter Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 11, 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
Market Cap	4,263	5,125	6,239	4,530	3,194	3,117
Market Cap Growth	-29.71%	-17.84%	37.71%	41.85%	2.47%	13.69%
Enterprise Value	4,025	4,899	5,943	4,339	3,056	3,030
Last Close Price	146.08	174.41	212.12	154.37	109.03	106.56
PE Ratio	30.58	36.41	50.15	49.16	48.24	51.23
Forward PE	28.63	33.12	44.37	44.52	43.77	53.35
PEG Ratio	-	2.21	2.21	2.21	2.21	2.21
PS Ratio	4.62	5.59	7.55	6.44	5.65	6.17
PB Ratio	6.06	7.19	10.29	8.77	7.22	7.73
P/TBV Ratio	6.06	7.23	10.33	8.80	7.24	7.76
P/FCF Ratio	24.98	30.21	43.87	46.17	41.72	38.59
P/OCF Ratio	23.07	27.90	40.24	41.14	38.74	35.62
EV/Sales Ratio	4.39	5.34	7.19	6.17	5.40	6.00
EV/EBITDA Ratio	18.75	22.47	31.26	29.68	26.91	28.42
EV/EBIT Ratio	21.93	26.71	37.63	36.75	35.01	38.49
EV/FCF Ratio	23.72	28.88	41.79	44.22	39.91	37.51
Net Debt / Equity Ratio	-0.32	-0.32	-0.49	-0.37	-0.31	-0.22
Net Debt / EBITDA Ratio	-1.04	-1.04	-1.55	-1.31	-1.22	-0.82
Net Debt / FCF Ratio	-1.33	-1.33	-2.08	-1.95	-1.80	-1.08
Asset Turnover	1.02	1.02	1.08	1.07	1.00	1.01
Inventory Turnover	3.62	3.62	3.35	3.12	3.15	3.31
Quick Ratio	2.25	2.25	3.21	2.09	1.95	1.86
Current Ratio	3.36	3.36	4.57	3.35	3.15	3.18
Return on Equity (ROE)	21.47%	21.47%	22.26%	19.31%	15.73%	15.93%
Return on Assets (ROA)	15.39%	15.39%	15.46%	13.58%	11.67%	12.17%
Return on Invested Capital (ROIC)	25.78%	25.78%	28.08%	22.79%	17.55%	16.69%
Return on Capital Employed (ROCE)	24.12%	24.12%	24.62%	21.91%	18.55%	18.48%
Earnings Yield	3.34%	2.75%	1.99%	2.03%	2.07%	1.95%
FCF Yield	4.00%	3.31%	2.28%	2.17%	2.40%	2.59%
Dividend Yield	1.09%	0.85%	0.58%	0.64%	0.78%	0.71%
Payout Ratio	32.15%	30.73%	28.69%	31.37%	37.42%	36.39%
Buyback Yield / Dilution	0.28%	0.28%	-0.01%	-0.02%	-0.01%	-0.05%
Total Shareholder Return	1.37%	1.13%	0.56%	0.62%	0.77%	0.66%

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

SEC Filings: 10-K · 10-Q