Financials in USD. Standardized financial statements.
A compact view of how Badger Meter, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $916.66M | $826.56M | $703.59M | $565.57M | $505.20M | $425.54M | $424.63M | $433.73M | $402.44M | $393.76M |
| Revenue Growth? | +10.9% | +17.5% | +24.4% | +11.9% | +18.7% | +0.2% | -2.1% | +7.8% | +2.2% | 0.0% |
| Cost of Revenue? | $534.59M | $497.37M | $427.15M | $345.60M | $299.71M | $257.30M | $261.10M | $271.38M | $246.69M | $243.19M |
| Gross Profit? | $382.07M | $329.18M | $276.44M | $219.97M | $205.48M | $168.25M | $163.53M | $162.35M | $155.75M | $150.58M |
| Gross Margin? | +41.7% | +39.8% | +39.3% | +38.9% | +40.7% | +39.5% | +38.5% | +37.4% | +38.7% | +38.2% |
| Operating Expenses? | $198.65M | $171.25M | $158.39M | $132.81M | $126.88M | $103.24M | $101.67M | $125.34M | $100.12M | $99.81M |
| Operating Income? | $183.42M | $157.94M | $118.05M | $87.30M | $78.72M | $65.16M | $62.15M | $56.87M | $55.62M | $50.77M |
| EBITDA? | $223.24M | $190.12M | $146.03M | $113.41M | $106.47M | $90.23M | $86.01M | $61.32M | $80.02M | $73.21M |
| Income Before Tax | $188.66M | $166.50M | $121.97M | $87.72M | $78.62M | $64.98M | $61.61M | $35.85M | $54.83M | $49.84M |
| Income Tax Expense | $47.02M | $41.56M | $29.37M | $21.22M | $17.74M | $15.64M | $14.43M | $8.06M | $20.26M | $17.55M |
| Net Income? | $141.63M | $124.94M | $92.60M | $66.50M | $60.88M | $49.34M | $47.18M | $27.79M | $34.57M | $32.30M |
| EPS? | $4.82 | $4.26 | $3.16 | $2.28 | $2.09 | $1.70 | $1.63 | $0.96 | $1.20 | $1.12 |
| Diluted EPS? | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 | $1.69 | $1.61 | $0.95 | $1.19 | $1.11 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality