Badger Meter, Inc. (BMI)
NYSE: BMI · Real-Time Price · USD
152.43
-3.34 (-2.14%)
Feb 27, 2026, 4:00 PM EST - Market closed

Badger Meter Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Revenue
916.66826.56703.59565.57505.2
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Revenue Growth (YoY)
10.90%17.48%24.40%11.95%18.72%
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Cost of Revenue
534.59497.37427.15345.6299.71
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Gross Profit
382.07329.18276.44219.97205.48
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Selling, General & Admin
198.54171.3158.52132.81126.88
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Operating Expenses
198.54171.3158.52132.81126.88
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Operating Income
183.53157.89117.9287.1778.6
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Interest & Investment Income
5.128.614.050.550.02
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EBT Excluding Unusual Items
188.66166.5121.9787.7278.62
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Pretax Income
188.66166.5121.9787.7278.62
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Income Tax Expense
47.0241.5629.3721.2217.74
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Net Income
141.63124.9492.666.560.88
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Net Income to Common
141.63124.9492.666.560.88
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Net Income Growth
13.36%34.93%39.25%9.22%23.39%
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Shares Outstanding (Basic)
2929292929
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Shares Outstanding (Diluted)
3030292929
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Shares Change (YoY)
0.12%0.27%0.27%0.13%0.37%
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EPS (Basic)
4.824.263.162.282.09
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EPS (Diluted)
4.794.233.142.262.08
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EPS Growth
13.24%34.71%38.94%8.65%23.08%
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Free Cash Flow
169.67142.2298.1176.5680.76
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Free Cash Flow Per Share
5.744.823.332.612.75
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Dividend Per Share
1.4801.2200.9900.8500.760
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Dividend Growth
21.31%23.23%16.47%11.84%8.57%
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Gross Margin
41.68%39.83%39.29%38.89%40.67%
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Operating Margin
20.02%19.10%16.76%15.41%15.56%
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Profit Margin
15.45%15.12%13.16%11.76%12.05%
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Free Cash Flow Margin
18.51%17.21%13.94%13.54%15.99%
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EBITDA
214.62186.67142.73109.61101.97
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EBITDA Margin
23.41%22.58%20.29%19.38%20.18%
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D&A For EBITDA
31.0828.7924.8122.4423.36
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EBIT
183.53157.89117.9287.1778.6
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EBIT Margin
20.02%19.10%16.76%15.41%15.56%
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Effective Tax Rate
24.93%24.96%24.08%24.19%22.56%
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Source: S&P Capital IQ. Standard template. Financial Sources.