BMI
Badger Meter, Inc.
NYSE · USTechnologyHardware, Equipment & Parts
$148.30-0.79%
Price as of Jul 20, 2026
BMI financials
Badger Meter, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $916.7M | $826.6M | $703.6M | $565.6M |
| Cost of revenue | $534.6M | $497.4M | $427.2M | $345.6M |
| Gross profit | $382.1M | $329.2M | $276.4M | $220.0M |
| Operating expenses | $198.6M | $171.2M | $158.4M | $132.8M |
| Operating income | $183.4M | $157.9M | $118.0M | $87.3M |
| Net income | $141.6M | $124.9M | $92.6M | $66.5M |
| EBITDA | $223.2M | $190.1M | $146.0M | $113.4M |
| Basic EPS | $4.82 | $4.26 | $3.16 | $2.28 |
| Diluted EPS | $4.79 | $4.23 | $3.14 | $2.26 |
| Balance sheet | ||||
| Cash & equivalents | $226.0M | $295.3M | $191.8M | $138.1M |
| Total assets | $973.6M | $816.4M | $716.9M | $603.0M |
| Total liabilities | $260.3M | $210.2M | $200.4M | $160.6M |
| Stockholders’ equity | $713.3M | $606.2M | $516.5M | $442.4M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 |
| Net debt | -$226.0M | -$295.3M | -$191.8M | -$138.1M |
| Cash flow | ||||
| Operating cash flow | $183.7M | $155.0M | $110.1M | $82.5M |
| Capital expenditure | -$14.0M | -$12.8M | -$12.0M | -$5.9M |
| Free cash flow | $169.7M | $142.2M | $98.1M | $76.6M |
| Dividends paid | -$43.5M | -$35.8M | -$29.1M | -$24.9M |
| Share repurchases | -$15.0M | $0.00 | $0.00 | -$427.0K |