BMI
BADGER METER INC
NYSE · Technology · Hardware, Equipment & Parts · US
$151.24
+1.07%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 881.2M | 916.7M | 826.6M | 703.6M | 565.6M |
| Cost of Revenue | 514.3M | 534.6M | 497.4M | 427.2M | 345.6M |
| Gross Profit | 366.9M | 382.1M | 329.2M | 276.4M | 220.0M |
| Operating Expenses | |||||
| R&D Expense | — | — | 19.2M | 19.0M | 15.8M |
| SG&A Expense | 51.1M | — | 171.2M | 139.4M | 132.8M |
| General & Admin Expense | 51.1M | — | — | 158.5M | 132.8M |
| Selling & Marketing Expense | — | — | — | (19.1M) | — |
| Other Expenses | 150.5M | 198.6M | (19.2M) | — | (15.8M) |
| Total Operating Expenses | 201.6M | 198.6M | 171.2M | 158.4M | 132.8M |
| Cost and Expenses | 715.9M | 733.2M | 668.6M | 585.5M | 478.4M |
| Operating Income (EBIT) | 165.3M | 183.4M | 157.9M | 118.0M | 87.3M |
| Non-Operating | |||||
| Interest Income | 3.2M | 5.1M | 8.6M | 4.0M | 552.0K |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 3.2M | 5.1M | 8.6M | 4.0M | 552.0K |
| Other Non-Op Income/Expense | 3.3M | 5.2M | 8.6M | 3.9M | 422.0K |
| Non-Operating Income (excl Interest) | (3.0M) | (5.2M) | 49.0K | 130.0K | (422.0K) |
| EBT (Pre-Tax Income) | 168.7M | 188.7M | 166.5M | 122.0M | 87.7M |
| Income Tax Expense | 42.1M | 47.0M | 41.6M | 29.4M | 21.2M |
| Bottom Line | |||||
| Net Income | 126.5M | 141.6M | 124.9M | 92.6M | 66.5M |
| Earnings from Cont. Ops | 126.5M | 141.6M | 124.9M | 92.6M | 66.5M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 126.5M | 141.6M | 124.9M | 92.6M | 66.5M |
| Per Share | |||||
| Basic EPS | $4.35 | $4.82 | $4.26 | $3.16 | $2.28 |
| Diluted EPS | $4.33 | $4.79 | $4.23 | $3.14 | $2.26 |
| Revenue Per Share | $30.65 | $31.18 | $28.16 | $24.03 | $19.36 |
| Shares | |||||
| Basic Shares Outstanding | 28.8M | 29.4M | 29.4M | 29.3M | 29.2M |
| Diluted Shares Outstanding | 28.9M | 29.6M | 29.5M | 29.5M | 29.4M |
| Profitability Metrics | |||||
| EBITDA | 200.0M | 223.2M | 190.1M | 146.0M | 113.4M |
| D&A | 31.7M | 34.6M | 32.2M | 28.1M | 26.2M |
| EBIT | 168.3M | 188.7M | 157.9M | 117.9M | 87.7M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026