Badger Meter, Inc.
BMI · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 565.57M | 219.97M | 87.30M | 66.50M | 2.28 |
| 2023 FY | 703.59M | 276.44M | 118.05M | 92.60M | 3.16 |
| 2024 FY | 826.56M | 329.18M | 157.94M | 124.94M | 4.26 |
| 2025 FY | 916.66M | 382.07M | 183.42M | 141.63M | 4.82 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 603.05M | 160.63M | 138.05M | — | 442.42M |
| 2023 FY | 716.92M | 200.44M | 191.78M | — | 516.48M |
| 2024 FY | 816.41M | 210.18M | 295.31M | — | 606.23M |
| 2025 FY | 973.58M | 260.28M | 226.02M | — | 713.29M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 82.45M | -5.89M | 76.56M | -24.88M | 50.88M |
| 2023 FY | 110.12M | -12.00M | 98.11M | -29.05M | 53.73M |
| 2024 FY | 155.03M | -12.82M | 142.22M | -35.85M | 103.52M |
| 2025 FY | 183.70M | -14.03M | 169.67M | -43.53M | -69.29M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 3.19B | 3.05B | — | — | — |
| 2023 FY | 4.52B | 4.33B | — | — | — |
| 2024 FY | 6.23B | 5.93B | — | — | — |
| 2025 FY | 5.13B | 4.90B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 238.10M | 97.81M | 44.86M | 34.58M | 1.18 |
| 2025 Q3 | 235.65M | 95.84M | 46.08M | 35.08M | 1.19 |
| 2025 Q4 | 220.71M | 92.99M | 43.05M | 33.58M | 1.14 |
| 2026 Q1 | 202.28M | 84.33M | 35.17M | 27.34M | 0.94 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 936.42M | 258.83M | 165.21M | — | 677.59M |
| 2025 Q3 | 978.27M | 275.76M | 201.69M | — | 702.51M |
| 2025 Q4 | 973.58M | 260.28M | 226.02M | — | 713.29M |
| 2026 Q1 | 970.81M | 280.38M | 205.45M | — | 690.43M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 44.59M | -3.94M | 40.65M | -10.00M | 33.85M |
| 2025 Q3 | 51.28M | -3.09M | 48.20M | -11.77M | 36.49M |
| 2025 Q4 | 54.80M | -4.03M | 50.77M | -11.74M | 24.32M |
| 2026 Q1 | 33.89M | -4.43M | 29.47M | -11.71M | -20.56M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 7.20B | 7.04B | — | — | — |
| 2025 Q3 | 5.25B | 5.05B | — | — | — |
| 2025 Q4 | 5.12B | 4.90B | — | — | — |
| 2026 Q1 | 4.45B | 4.25B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |