Stocktoria
BADGER METER INC BMI
BADGER METER INC financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $916.7M | $826.6M | $703.6M | $565.6M | $505.2M | $425.5M | $424.6M | $433.7M | $402.4M | $393.8M |
| Gross profit | $382.1M | $329.2M | $276.4M | $220.0M | $205.5M | $168.2M | $163.5M | $162.3M | $155.7M | $150.6M |
| R&D expense | $21.6M | $19.2M | $19.0M | $15.8M | $14.7M | $11.6M | $11.9M | $11.1M | $10.6M | $10.6M |
| SG&A expense | $198.6M | $171.2M | $158.4M | $132.7M | $126.8M | $103.1M | $101.4M | $105.5M | $99.2M | $97.9M |
| Operating income | $183.4M | $157.9M | $118.0M | $87.3M | $78.7M | $65.2M | $62.1M | $56.9M | $56.6M | $52.7M |
| Income tax | $47.0M | $41.6M | $29.4M | $21.2M | $17.7M | $15.6M | $14.4M | $8.1M | $20.3M | $17.5M |
| Net income | $141.6M | $124.9M | $92.6M | $66.5M | $60.9M | $49.3M | $47.2M | $27.8M | $34.6M | $32.3M |
| EPS (diluted) | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 | $1.69 | $1.61 | $0.95 | $1.19 | $1.11 |
| Operating cash flow | $183.7M | $155.0M | $110.1M | $82.5M | $87.5M | $89.6M | $80.7M | $60.4M | $49.8M | $56.2M |
| Free cash flow | $169.7M | $142.2M | $98.1M | $76.6M | $80.8M | $80.5M | $73.2M | $51.7M | $34.7M | $45.6M |
| Cash & equivalents | — | — | — | — | $87.2M | $72.3M | $48.9M | $13.1M | $11.2M | — |
| Inventory | $151.9M | $143.4M | $153.7M | $119.9M | $99.6M | $81.6M | $81.9M | $80.8M | $85.2M | $77.7M |
| Total assets | $973.6M | $816.4M | $716.9M | $603.0M | $530.8M | $471.2M | $421.9M | $392.7M | $391.7M | $349.7M |
| Shareholders' equity | $713.3M | $606.2M | $516.5M | $442.4M | $403.1M | $361.3M | $331.1M | $303.5M | $277.5M | $256.2M |
Growth · year-over-year · Revenue CAGR 9.8%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +10.9% | +17.5% | +24.4% | +11.9% | +18.7% | +0.2% | -2.1% | +7.8% | +2.2% | +4.3% |
| Net income growth | +13.4% | +34.9% | +39.3% | +9.2% | +23.4% | +4.6% | +69.8% | -19.6% | +7.0% | +24.5% |
| EPS growth | +13.2% | +34.7% | +38.9% | +8.7% | +23.1% | +5.0% | +69.5% | -20.2% | +7.2% | — |
| Free cash flow growth | +19.3% | +44.9% | +28.2% | -5.2% | +0.3% | +10.0% | +41.6% | +49.1% | -23.9% | +183.8% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.