Badger Meter, Inc. (BMI) — Financial statements
Income statement, balance sheet, and cash flow for Badger Meter, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 917↑10.9% | 827↑17.5% | 704↑24.4% | 566↑11.9% | 505 | |
| Cost of Revenue | 535↑7.5% | 497↑16.4% | 427↑23.6% | 346↑15.3% | 300 | |
| Gross Profit | 382↑16.1% | 329↑19.1% | 276↑25.7% | 220↑7.0% | 205 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 19↑1.1% | 19↑20.3% | 16↑7.5% | 15 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 159↑19.4% | 133↑4.7% | 127 | |
| Selling & Marketing Expenses | 0.00 | 0.00↑100.0% | -19 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 171↑22.9% | 139↑5.0% | 133↑4.7% | 127 | |
| Other Expenses | 199↑1134.6% | -19 | 0.00↑100.0% | -16↓7.5% | -15 | |
| Operating Expenses | 199↑16.0% | 171↑8.1% | 158↑19.3% | 133↑4.7% | 127 | |
| Total Costs & Expenses | 733↑9.7% | 669↑14.2% | 586↑22.4% | 478↑12.1% | 427 | |
| Operating Results | ||||||
| Operating Income | 183↑16.1% | 158↑33.8% | 118↑35.2% | 87↑10.9% | 79 | |
| Depreciation & Amortization | 35↑7.5% | 32↑14.5% | 28↑7.1% | 26↓5.8% | 28 | |
| EBITDA | 223↑17.4% | 190↑30.2% | 146↑28.8% | 113↑6.5% | 106 | |
| EBIT | 189↑19.5% | 158↑33.9% | 118↑34.4% | 88↑11.6% | 79 | |
| Interest & Other Income | ||||||
| Net Interest Income | 5↓40.5% | 9↑112.8% | 4↑633.2% | 0.55↑2660.0% | 0.02 | |
| Interest Income | 5↓40.5% | 9↑112.8% | 4↑633.2% | 0.55↑2660.0% | 0.02 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -5↓10785.7% | 0.05↓62.3% | 0.13↑130.8% | -0.42↓522.0% | 0.10 | |
| Other Income / Expenses | 5↓38.9% | 9↑118.6% | 4↑828.2% | 0.42↑522.0% | -0.10 | |
| Income Before Tax | 189↑13.3% | 167↑36.5% | 122↑39.0% | 88↑11.6% | 79 | |
| Income Tax Expense | 47↑13.2% | 42↑41.5% | 29↑38.4% | 21↑19.6% | 18 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 142↑13.4% | 125↑34.9% | 93↑39.3% | 66↑9.2% | 61 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 142↑13.4% | 125↑34.9% | 93↑39.3% | 66↑9.2% | 61 | |
| Bottom-Line Net Income | 142↑13.4% | 125↑34.9% | 93↑39.3% | 66↑9.2% | 61 | |
| EPS (Basic) | 4.82↑13.1% | 4.26↑34.8% | 3.16↑38.6% | 2.28↑9.1% | 2.09 | |
| EPS (Diluted) | 4.79↑13.2% | 4.23↑34.7% | 3.14↑38.9% | 2.26↑8.7% | 2.08 | |
| Weighted Average Shares | 29↑0.1% | 29↑0.2% | 29↑0.2% | 29↑0.3% | 29 | |
| Weighted Average Diluted Shares | 30↑0.1% | 30↑0.3% | 29↑0.3% | 29↑0.1% | 29 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.