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	Feb '26 Feb 18, 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 Capitalization	4,617	5,140	6,239	4,530	3,191	3,117
Market Cap Growth	-27.23%	-17.61%	37.71%	41.96%	2.38%	13.81%
Enterprise Value	4,403	4,938	5,986	4,374	3,084	3,057
Last Close Price	158.20	174.41	210.51	152.24	106.77	103.43
PE Ratio	33.03	36.29	49.93	48.92	47.99	51.19
Forward PE	30.92	33.12	44.37	44.52	43.77	53.35
PS Ratio	5.04	5.61	7.55	6.44	5.64	6.17
PB Ratio	6.52	7.21	10.29	8.77	7.21	7.73
P/TBV Ratio	12.99	14.46	14.00	13.10	11.29	13.61
P/FCF Ratio	27.21	30.29	43.87	46.17	41.68	38.59
P/OCF Ratio	25.13	27.98	40.24	41.14	38.70	35.62
PEG Ratio	2.50	2.54	2.54	2.54	2.54	2.54
EV/Sales Ratio	4.80	5.39	7.24	6.22	5.45	6.05
EV/EBITDA Ratio	20.52	22.64	31.49	29.95	27.19	28.71
EV/EBIT Ratio	23.99	26.91	37.91	37.09	35.38	38.89
EV/FCF Ratio	25.95	29.10	42.09	44.58	40.28	37.85
Debt / Equity Ratio	0.02	0.02	0.01	0.01	0.02	0.02
Debt / EBITDA Ratio	0.06	0.06	0.03	0.04	0.06	0.06
Debt / FCF Ratio	0.08	0.08	0.04	0.06	0.09	0.08
Net Debt / Equity Ratio	-0.30	-0.30	-0.48	-0.36	-0.30	-0.20
Net Debt / EBITDA Ratio	-0.98	-0.98	-1.52	-1.27	-1.16	-0.76
Net Debt / FCF Ratio	-1.26	-1.26	-2.03	-1.90	-1.71	-1.00
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)	12.82%	12.82%	12.87%	11.17%	9.61%	9.80%
Return on Invested Capital (ROIC)	27.19%	33.73%	36.60%	27.91%	20.87%	19.69%
Return on Capital Employed (ROCE)	22.30%	22.30%	22.60%	20.20%	17.70%	17.50%
Earnings Yield	3.07%	2.76%	2.00%	2.04%	2.08%	1.95%
FCF Yield	3.68%	3.30%	2.28%	2.17%	2.40%	2.59%
Dividend Yield	1.01%	0.85%	0.58%	0.65%	0.80%	0.73%
Payout Ratio	30.90%	30.73%	28.69%	31.37%	37.42%	36.39%
Buyback Yield / Dilution	-0.12%	-0.12%	-0.27%	-0.27%	-0.13%	-0.37%
Total Shareholder Return	0.89%	0.73%	0.32%	0.38%	0.67%	0.37%

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q