BMINYSETotalizing Fluid Meters & Counting DevicesFiscal year ends December 31

BADGER METER INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026

$126.26−0.22 (-0.17%)

Close on Oct 19, 2026

Market cap: $3.68B
P/E (TTM): 26.4
Dividend yield: 1.17%

BADGER METER INC income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	917	827	704	566	505	426	425	434	402	394	378	365	334	320	263	277	250
Cost of Revenue	535	497	427	346	300	257	261	271	247	243	242	234	217	197	173	174	153
Gross Profit	382	329	276	220	205	168	164	162	156	151	136	131	117	122	90	103	97
Research & Development	22	19	19	16	15	12	12	11	11	11	11	9.50	11	9.60	8.10	7.20	–
Selling, General & Admin	199	171	158	133	127	103	101	105	99	98	93	85	78	78	62	58	55
Operating Income	183	158	118	87	79	65	62	57	57	53	42	46	39	44	28	45	42
Asset Impairment Charges	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–	–
Legal Settlements	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0.74	–
Pretax Income	189	167	122	88	79	65	62	36	55	50	41	45	38	43	27	44	42
Income Tax Expense	47	42	29	21	18	16	14	8.06	20	18	15	15	13	15	8.19	16	16
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19	29	27
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.39
Net Income	142	125	93	66	61	49	47	28	35	32	26	30	25	28	19	29	34
EPS (Basic)(per share)	4.82	4.26	3.16	2.28	2.09	1.70	1.63	0.96	1.20	1.12	–	–	–	–	0.64	0.96	1.16
EPS (Diluted)(per share)	4.79	4.23	3.14	2.26	2.08	1.69	1.61	0.95	1.19	1.11	–	–	–	–	0.64	0.96	1.14
Shares Outstanding (Basic, Weighted)(shares)	29	29	29	0.03	0.03	0.03	0.03	0.03	0.03	0.03	29	29	29	29	30	30	30
Shares Outstanding (Diluted, Weighted)(shares)	30	30	29	0.03	0.03	0.03	0.03	0.03	0.03	0.03	29	29	29	29	30	30	30
Dividend per Share(per share)	1.48	1.22	0.99	0.85	0.76	0.70	0.64	0.56	0.49	0.43	0.39	0.37	–	–	0.30	0.26	0.23
Net Interest Income	5.12	8.61	4.05	0.55	0.02	-0.03	-0.25	-1.16	-0.79	-0.92	-1.22	-1.14	-1.10	-1.00	-0.19	-0.39	0.09

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: 41.7%
Operating margin: 20.0%
Net margin: 15.5%
Return on equity, FY2025: 21.5%

Financial strength

Current ratio: 2.42
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 55.7%

Valuation

P/E ratio: 26.4
Price to sales: 4.01
Price to book: 5.39
Dividend yield: 1.17%