Badger Meter Inc

Technology · Scientific & Technical Instruments

132.80$ +4.0% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

Badger Meter Inc (BMI) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 917 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement BMI
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	116	131	144	151	146	139	167	184	205	217	230	235	280	250	277	263	320	334	365	378	394	402	434	425	426	505	566	704	827	917
Cost of Revenue	69	78	82	86	87	94	111	123	138	143	153	153	181	153	174	173	197	217	234	242	243	247	271	261	257	300	346	427	497	535
Gross Profit	47	53	62	65	59	44	56	61	67	74	77	81	98	97	103	90	122	117	131	136	151	156	162	164	168	205	220	276	329	382
Research & Development	6.4	7.5	–	–	6.6	5.4	5.7	6.1	4.6	5.3	5.5	5.7	7.1	6.9	7.2	8.1	9.9	11	9.5	11	11	11	11	12	12	15	16	19	19	–
Selling, General & Administrative	27	30	43	43	42	38	43	46	47	50	48	51	58	55	58	62	78	78	85	93	100	100	125	102	103	127	133	159	171	199
Total Operating Expenses	38	42	48	48	48	38	43	46	47	50	48	51	58	55	58	62	78	78	85	93	100	100	125	102	103	127	133	158	171	199
Operating Income	8.8	11	14	17	11	6.1	13	14	20	24	29	31	41	42	45	28	44	39	46	42	51	56	57	62	65	79	87	118	158	183
Interest Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.6	1.6	1.3	1.3	1.3	0.1	0.4	0.2	1.0	1.1	1.1	1.2	0.9	0.8	1.2	0.3	0.0	0.0	0.6	–	–	–
Pre-Tax Income	8.1	10	13	16	11	5.0	11	13	18	23	27	29	40	42	44	27	43	38	45	41	50	55	36	62	65	79	88	122	167	189
Income Tax Expense	3.0	3.7	5.1	6.0	3.8	1.6	4.2	5.8	8.3	9.5	11	11	14	16	16	8.2	15	13	15	15	18	20	8.1	14	16	18	21	29	42	47
Net Income	5.1	6.5	8.2	9.7	6.9	3.4	7.3	7.6	9.6	13	7.5	16	25	34	29	19	28	25	30	26	32	35	28	47	49	61	66	93	125	142
EBITDA	13	15	19	22	17	13	21	22	28	34	36	37	48	42	53	37	57	53	62	63	73	80	61	86	90	106	113	146	190	223

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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