15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $917M | $142M | 41.7% | 20.0% | 19.9% | 14.5% | $170M | — | — |
| 2024 | $827M | $125M | 39.8% | 19.1% | 20.6% | 15.3% | $142M | — | — |
| 2023 | $704M | $93M | 39.3% | 16.8% | 17.9% | 12.9% | $98M | — | — |
| 2022 | $566M | $66M | 38.9% | 15.4% | 15.0% | 11.0% | $77M | — | — |
| 2021 | $505M | $61M | 40.7% | 15.6% | 15.1% | 11.5% | $81M | — | $87M |
| 2020 | $426M | $49M | 39.5% | 15.3% | 13.7% | 10.5% | $81M | — | $72M |
| 2019 | $425M | $47M | 38.5% | 14.6% | 14.2% | 11.2% | $73M | — | $49M |
| 2018 | $434M | $28M | 37.4% | 13.1% | 9.2% | 7.1% | $52M | — | $13M |
| 2017 | $402M | $35M | 38.7% | 14.1% | 12.5% | 8.8% | $35M | — | $11M |
| 2016 | $394M | $32M | 38.2% | 13.4% | 12.6% | 9.2% | $46M | — | — |
| 2015 | — | $26M | — | — | 11.2% | 7.3% | $16M | — | — |
| 2014 | — | $30M | — | — | 13.8% | 8.7% | $23M | — | — |
| 2013 | — | $25M | — | — | 12.5% | 7.8% | $21M | — | — |
| 2012 | — | $28M | — | — | 16.4% | 9.7% | $27M | — | — |
| 2011 | — | $19M | — | — | 10.7% | 8.8% | $26M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $222M | $30M | 40.8% | 17.7% | 4.4% | 3.0% | $22M | — | — |
| Mar '26 | $202M | $27M | 41.7% | 17.4% | 4.0% | 2.8% | $29M | — | — |
| Dec '25 | $221M | $34M | 42.1% | 19.5% | 4.7% | 3.4% | $51M | — | — |
| Sep '25 | $236M | $35M | 40.7% | 19.6% | 5.0% | 3.6% | $48M | — | — |
| Jun '25 | $238M | $35M | 41.1% | 18.8% | 5.1% | 3.7% | $41M | — | — |
| Mar '25 | $222M | $38M | 42.9% | 22.2% | 6.0% | 4.3% | $30M | — | — |
| Dec '24 | $205M | $31M | 40.3% | 19.1% | 5.1% | 3.8% | $47M | — | — |
| Sep '24 | $208M | $32M | 40.2% | 19.5% | 5.4% | 4.0% | $42M | — | — |
| Jun '24 | $217M | $33M | 39.4% | 19.2% | 5.9% | 4.2% | $34M | — | — |
| Mar '24 | $196M | $29M | 39.3% | 18.6% | 5.4% | 3.9% | $19M | — | — |
| Dec '23 | $182M | $25M | 39.2% | 17.6% | 4.8% | 3.4% | $36M | — | — |
| Sep '23 | $186M | $26M | 39.1% | 16.9% | 5.3% | 3.8% | $28M | — | — |
| Jun '23 | $176M | $22M | 39.5% | 16.8% | 4.7% | 3.4% | $20M | — | — |
| Mar '23 | $159M | $19M | 39.5% | 15.7% | 4.2% | 3.1% | $14M | — | — |
| Dec '22 | $147M | $18M | 38.7% | 15.3% | 4.0% | 2.9% | $29M | — | — |
| Sep '22 | $148M | $18M | 38.9% | 16.1% | 4.2% | 3.1% | $22M | — | — |
| Jun '22 | $138M | $17M | 39.7% | 16.0% | 4.0% | 3.0% | $18M | — | — |
| Mar '22 | $132M | $14M | 38.3% | 14.2% | 3.5% | 2.6% | $8M | — | $89M |
| Dec '21 | $136M | $17M | 40.4% | 16.8% | 4.3% | 3.3% | $26M | — | $87M |
| Sep '21 | $129M | $16M | 39.8% | 15.1% | 4.0% | 3.1% | $14M | — | $67M |
How the market has priced BMI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Badger Meter Inc's revenue has grown 16.6% per year, and net income grown 23.5% per year. These are computed facts, not advice.
As of FY2025, Badger Meter Inc reported — of total debt against — of cash.
In FY2025, gross margin was 41.7%, operating margin 20.0%, and net margin 15.5%.
As of Sep '26, Badger Meter Inc traded at a price-to-earnings ratio of about 27.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.