SequelSEC

BADGER METER INC BMI

Totalizing Fluid Meters & Counting Devices · CIK 0000009092 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$222.32M
Fiscal year ended 2026-06-30
Operating income
$39.38M
Fiscal year ended 2026-06-30
Free cash flow
$21.87M
Fiscal year ended 2026-06-30

BADGER METER INC (BMI) reported revenue of $222.32M and net income of $29.72M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from BADGER METER INC’s SEC filings, each linked to the filing it came from.

Income

BADGER METER INC income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Revenue$222.32M$202.28M$220.71MUnavailable$238.10M$222.21M$205.18M$208.44M$216.66M$196.28M
Cost of revenue$131.55M$117.95M$127.72MUnavailable$140.28M$126.77M$122.42M$124.56M$131.29M$119.10M
Gross profit$90.77M$84.33M$92.99MUnavailable$97.81M$95.44M$82.76M$83.88M$85.37M$77.18M
Operating income$39.38M$35.17M$43.05MUnavailable$44.86M$49.42M$39.22M$40.62M$41.51M$36.58M
Net income$29.72M$27.34M$33.58MUnavailable$34.58M$38.40M$30.72M$32.04M$33.06M$29.13M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 29.14Mshares 29.37MUnavailableUnavailableshares 29.59Mshares 29.56MUnavailableshares 29.55Mshares 29.53Mshares 29.49M
Pretax income$39.72M$36.34M$44.64MUnavailable$45.79M$50.79M$42.14M$42.91M$43.36M$38.09M
Income tax expense$10.00M$9.00M$11.07MUnavailable$11.20M$12.39M$11.42M$10.87M$10.31M$8.96M
Diluted EPS$1.02$0.93$1.14Unavailable$1.17$1.30$1.04$1.08$1.12$0.99
Selling, general & administrative$51.40M$49.16M$49.94MUnavailable$52.95M$46.01M$43.54M$43.26M$43.86M$40.60M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

BADGER METER INC balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Cash & equivalentsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total assets$998.17M$970.81M$973.58MUnavailable$936.42M$899.60M$816.41M$802.86M$781.26M$743.47M
Current assets$416.20M$508.30M$507.08MUnavailable$448.28M$411.58M$540.12M$529.30M$509.22M$470.60M
Total liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current liabilities$171.87M$169.42M$150.72MUnavailable$138.71M$141.02M$118.20M$129.16M$138.12M$135.09M
Total equity incl. NCI$682.88M$690.43M$713.29MUnavailable$677.59M$641.69M$606.23M$591.18M$563.14M$535.57M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$178.09M$175.19M$151.94MUnavailable$147.26M$149.40M$143.41M$158.52M$161.27M$160.44M
Accounts receivable$121.23M$110.29M$112.36MUnavailable$117.67M$112.36M$84.32M$93.43M$106.23M$92.29M
Goodwill$302.61M$234.65M$235.58MUnavailable$235.70M$231.54M$111.77M$115.00M$113.36M$113.47M
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$97.83M$106.49M$72.30MUnavailable$74.12M$73.79M$55.66M$77.38M$96.01M$90.62M

Cash flow

BADGER METER INC cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Operating cash flow$26.71M$33.89M$54.80MUnavailable$44.59M$33.03M$52.07M$45.09M$36.42M$21.46M
Capital expenditures$4.84M$4.43M$4.03MUnavailable$3.94M$2.97M$4.67M$3.13M$2.34M$2.68M
Investing cash flow-$99.21M-$4.43M-$4.03MUnavailable-$3.02M-$187.90M-$4.67M-$3.13M-$2.34M-$5.68M
Financing cash flow-$36.85M-$49.78M-$26.74MUnavailable-$9.52M-$9.95M-$9.98M-$9.99M-$7.41M-$7.71M
Net change in cash-$109.72M-$20.56M$24.32MUnavailable$33.85M-$163.95M$36.35M$32.74M$26.90M$7.53M
Stock-based compensation$3.18M$2.17M$2.74MUnavailable$2.58M$1.83M$1.59M$1.31M$2.01M$1.27M
Common dividends paid$11.59M$11.71M$11.74MUnavailable$10.00M$10.02M$9.98M$9.99M$7.93M$7.94M
Common share repurchases$25.25M$38.21MUnavailableUnavailable$0$0UnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

BADGER METER INC derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Free cash flow$21.87M$29.47M$50.77MUnavailable$40.65M$30.06M$47.40M$41.96M$34.08M$18.78M
Gross margin40.8%41.7%42.1%Unavailable41.1%42.9%40.3%40.2%39.4%39.3%
Operating margin17.7%17.4%19.5%Unavailable18.8%22.2%19.1%UnavailableUnavailableUnavailable
FCF margin9.8%14.6%23.0%Unavailable17.1%13.5%23.1%20.1%15.7%9.6%
SBC / revenue1.4%1.1%1.2%Unavailable1.1%0.8%0.8%UnavailableUnavailableUnavailable
Current ratio2.42x3.00x3.36xUnavailable3.23x2.92x4.57x4.10x3.69x3.48x
Revenue YoY growth-6.6%-9.0%7.6%Unavailable9.9%13.2%12.5%11.9%23.2%23.4%
Net margin13.4%13.5%15.2%Unavailable14.5%17.3%15.0%15.4%15.3%14.8%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue2.2%2.2%1.8%Unavailable1.7%1.3%2.3%UnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate25.2%24.8%24.8%Unavailable24.5%24.4%27.1%25.3%23.8%23.5%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BMI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-23View SEC filing
10-Q · Filed 2026-04-20View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-10-22View SEC filing
10-Q · Filed 2025-07-23View SEC filing
10-Q · Filed 2025-04-18View SEC filing

Companies in the same industry

VNT

Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2025-09-30

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2025-09-30

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.