NYSE:BMI
Badger Meter Inc.
Badger Meter Inc.'s revenue grew 10.9% in fiscal 2025 to $916.7M while operating margin rose to 20.0%, its highest in 10 years. Free cash flow was $169.7M, 18.5% of revenue.Summary generated from Badger Meter Inc.'s SEC filings. Latest annual report filed Feb 17, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$916.7M
Revenue growth+10.9%
Revenue, 5-yr CAGR+16.6%
Gross margin41.7%
Operating margin20.0%
Net margin15.5%
ROIC34.5%
Return on equity21.5%
Debt / equity0.00
Free cash flow$169.7M
FCF margin18.5%
Share count change+0.1%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 505 | 566 | 704 | 827 | 917 |
| Operating income | 79 | 87 | 118 | 158 | 183 |
| Net income | 61 | 66 | 93 | 125 | 142 |
| Free cash flow | 81 | 77 | 98 | 142 | 170 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 23, 2026 - 8-KResults of operations and financial condition
Jul 22, 2026 - 8-KEntry into a material agreement
Jun 11, 2026 - 8-KRegulation FD disclosure
May 21, 2026 - 8-KAmendment to articles or bylaws
Apr 28, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 20, 2026