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BADGER METER INC

BMI

$138.81 ▲ +1.78 (+1.30%) at close

18 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

BADGER METER INC shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $4.1B

Dividend Yield 1.07%

Revenue Growth 10.9% ↘

Op. Margin 20.0% ↗

ROIC 19.3% →

FCF / Share $5.77 ↗

Trailing P/E 28.8x

Price / Book 7.2x

FCF Yield 4.2%

Debt / Equity 0.00

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$916.66M

↑ +10.9% —

Net Income Profit after all expenses

$141.63M

↑ +13.4% —

Operating Margin Operating profit as % of sales

20.0%

↑ +4.7% 75th

FCF / Share Free cash flow per share

$5.77

↑ +19.1% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Financial Health

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.48 Latest / share

+21.3% YoY

+14.3% 11-yr CAGR

FY 2014

$0.39

FY 2015

$0.43

FY 2016

$0.49

FY 2017

$0.56

FY 2018

$0.64

FY 2019

$0.70

FY 2020

$0.76

FY 2021

$0.85

FY 2022

$0.99

FY 2023

$1.22

FY 2024

$1.48

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	10.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+118%)	17.5% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+250%)	24.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+388%)	11.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+139%)	18.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+274%)	0.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-96%)	-2.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-142%)	7.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+56%)	2.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-56%)	4.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	3.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-29%)	9.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+83%)	4.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	21.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+332%)	-5.0% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-199%)	10.5% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+110%)	—	—
EPS Growth YoY (%)	13.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	34.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	38.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	9.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	22.9% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	4.3% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	69.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-20.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	-33.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-16.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	13.4% Fair ↓ Fair Declining Year-over-year change in net income	34.9% Excellent ↑ Excellent Improving Year-over-year change in net income	39.3% Excellent ↑ Excellent Improving Year-over-year change in net income	9.2% Fair ↓ Fair Declining Year-over-year change in net income	23.4% Good ↑ Good Improving Year-over-year change in net income	4.6% Caution ↓ Caution Declining Year-over-year change in net income	69.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-19.6% Weak ↓ Weak Declining Year-over-year change in net income	7.0% Fair ↓ Fair Declining Year-over-year change in net income	24.5% Good ↑ Good Improving Year-over-year change in net income	-12.6% Weak ↓ Weak Declining Year-over-year change in net income	20.6% Good ↑ Good Improving Year-over-year change in net income	-12.2% Weak ↓ Weak Declining Year-over-year change in net income	46.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-33.1% Weak Weak Year-over-year change in net income	-16.1% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	19.1% Good Good Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	182.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-31.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	14.6% Fair ↓ Fair Declining Year-over-year change in free cash flow	-23.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	6.9% Fair ↓ Fair Declining Year-over-year change in free cash flow	182.5% Excellent Excellent Year-over-year change in free cash flow	-68.5% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	17.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	18.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	10.0% Good ↑ Good Improving Compound annual revenue growth over 3 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	1.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.7% Caution → Caution Stable Compound annual revenue growth over 3 years	3.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	5.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.5% Good ↑ Good Improving Compound annual revenue growth over 3 years	6.5% Fair Fair Compound annual revenue growth over 3 years	8.5% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	16.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	10.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	2.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	3.1% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	4.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	8.4% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.4% Fair Fair Compound annual revenue growth over 5 years	7.8% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	28.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	26.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	23.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	11.8% Good ↓ Good Declining Compound annual EPS growth over 3 years	29.6% Excellent Excellent Compound annual EPS growth over 3 years	12.3% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	20.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	19.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	16.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	15.4% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	15.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	15.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	14.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	13.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	14.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	12.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	11.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	12.6% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	11.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	13.9% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	10.5% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	16.2% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	16.9% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	—
Effective Tax Rate (%) (%)	24.9% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.0% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.1% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.1% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	15.5% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+93%)	15.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+89%)	13.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+65%)	11.8% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	12.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+51%)	11.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+45%)	11.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	6.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	8.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	8.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	8.1% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	7.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	8.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	7.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	10.4% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	13.6% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+71%)	—
FCF Margin (%) (%)	18.5% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.9% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.5% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	18.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.4% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.1% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.3% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	9.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	11.5% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.20x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.33x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.63x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.55x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.86x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.00x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.41x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	19.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	17.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.0% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	15.1% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	13.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	14.8% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	14.8% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	16.1% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	15.7% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	14.4% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	17.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	20.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	12.1% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	21.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	23.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	18.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	19.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.5% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.5% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	14.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	13.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	14.7% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	14.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	13.5% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	12.4% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	15.3% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	12.6% Good Good Operating profit relative to total assets Optimal: > 10%	20.8% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	19.9% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+32%)	20.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+37%)	17.9% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	15.0% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	15.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	14.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	9.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	12.5% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	12.6% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	11.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	13.8% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	12.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	16.4% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+9%)	10.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	17.0% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+13%)	23.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+58%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.00x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.01x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	0.06x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-91%)	0.16x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-77%)	0.15x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-79%)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.35x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.36x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.39x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.08x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-89%)	—	—
Interest Coverage (x)	—	—	—	—	667.14x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	716.00x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	231.90x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	48.40x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	65.28x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	55.12x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	34.81x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	40.57x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	35.62x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	44.56x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	148.83x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	116.42x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$0.00	$0.00	$0.00	$0.00	$-87.17M	$-72.27M	$-44.39M	$18.06M	$44.55M	$37.95M	$71.36M	$75.93M	$70.05M	$66.73M	$1.79M	$12.88M	—	—
Debt / EBITDA (x)	0.00x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.06x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.26x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.65x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.62x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.36x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.38x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.47x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.28x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.05x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.25x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$31.18	$28.16	—	—	—	—	—	—	—	$13.63	$13.13	$12.75	$11.63	$11.15	$8.78	$9.28	$8.46	—
Basic EPS, GAAP (USD)	$4.82	$4.26	$3.16	$2.28	$2.09	$1.70	$1.63	$0.96	$1.20	—	—	—	—	—	$0.64	$0.96	$1.16	—
Free Cash Flow per Share (USD)	$5.77	$4.84	—	—	—	—	—	—	—	$1.58	$0.56	$0.82	$0.71	$0.93	$0.87	$0.31	$0.97	—
Dividend per Share (USD)	$1.48	$1.22	$0.99	$0.85	$0.76	$0.70	$0.64	$0.56	$0.49	$0.43	$0.39	—	—	—	$0.30	$0.26	$0.23	—
Book Value per Share (USD)	$19.16	$16.29	$13.88	$11.89	$10.83	$9.71	$8.90	$8.16	—	$8.87	$8.08	$7.49	$6.84	$5.97	$5.99	$5.65	$4.88	—
Tangible Book Value per Share (USD)	$12.83	$13.28	$10.84	$9.17	$8.03	$7.32	$6.98	$6.24	—	$7.16	$6.41	$5.82	$5.29	$4.72	$5.67	$5.34	$4.88	—
Basic Weighted Avg Shares (shares)	29.40M	29.36M	29,284	29,218	29,144	29,052	29,028	28,993	28,927	28.89M	28.76M	28.61M	28.72M	28.66M	29.94M	29.81M	29.60M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$356.36M	$421.91M	$310.23M	$237.52M	$179.21M	$155.65M	$142.85M	$104.64M	$65.51M	$75.17M	$44.78M	$34.03M	$29.12M	$27.29M	$78.78M	$64.66M	—	—
Total Equity (USD)	$713.29M	$606.23M	$516.48M	$442.42M	$403.07M	$361.26M	$331.07M	$303.50M	$277.45M	$256.21M	$232.28M	$214.33M	$196.56M	$171.25M	$179.28M	$168.38M	$144.46M	$111.02M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$916.66M	$826.56M	$703.59M	$565.57M	$505.20M	$425.54M	$424.62M	$433.73M	$402.44M	$393.76M	$377.70M	$364.77M	$334.12M	$319.66M	$262.92M	$276.63M	$250.34M	—
Depreciation Expense (USD)	$11.10M	$11.10M	$10.94M	$11.09M	$11.29M	$12.25M	$11.57M	$11.35M	$12.06M	$10.71M	$9.99M	$8.89M	$8.51M	$7.59M	$7.14M	$6.70M	$6.73M	—
Net Income, GAAP (USD)	$141.63M	$124.94M	$92.60M	$66.50M	$60.88M	$49.34M	$47.18M	$27.79M	$34.57M	$32.30M	$25.94M	$29.68M	$24.62M	$28.03M	$19.16M	$28.66M	$34.17M	—
Operating Cash Flow (USD)	$183.70M	$155.03M	$110.12M	$82.45M	$87.51M	$89.58M	$80.71M	$60.35M	$49.75M	$56.19M	$35.83M	$35.73M	$34.82M	$34.80M	$31.32M	$18.40M	$36.59M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 67 quarters

BADGER METER INC

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