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Badger Meter logo
Badger Meter BMI
$ 126.48 1.17%
report update icon

Quarterly report 2026-Q2
added 07-23-2026

Badger Meter Balance Sheet 2025-2008 | BMI

Brief balance sheet overview of Badger Meter

This overview follows the five latest available annual observations between 2015 and 2019.

Assets increased from $355.5 million to $421.9 million, or +18.7%; CAGR of about 4.4% indicates steady balance sheet expansion.

Liabilities increased less than assets, posting -26.3% versus +18.7%. That relationship usually strengthens the balance sheet.

The equity-to-assets ratio is 78.5%, compared with 65.3% five periods ago. The balance sheet has a substantial internal cushion.

Cash exceeds interest-bearing debt, producing net debt of -$44.4 million. The balance sheet therefore carries a net cash position.

The cash share moved from 2.3% to 11.6%. A higher figure generally provides more room in an adverse scenario.

Accumulated earnings ended at $285.9 million, a change of +40.1%. They remain an important part of the capital base.

Balance sheet takeaway

Badger Meter shows a high-quality balance sheet profile, with adequate internal capital and room for maneuver.

Annual Balance Sheet Badger Meter

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

- - - - - - -44.4 M 4.97 M 33.4 M 30.6 M 63.2 M 69.3 M 62.8 M 60.2 M -3.18 M - - -

Total Non Current Liabilities

110 M 92 M 68.5 M - - - 33.6 M 29.2 M 21.2 M 17.7 M 18.7 M 19.8 M 21.5 M 25.1 M 17.2 M - - -

Total Current Liabilities

151 M 118 M 132 M 110 M 82.1 M 65.2 M 57.2 M 60 M 93.1 M 75.8 M 105 M 107 M 98 M 94.1 M 22.4 M 32.7 M - -

Total Liabilities

- - - - - - 90.8 M 89.2 M 114 M 93.5 M 123 M 127 M 119 M 119 M 39.6 M - - -

Retained Earnings

646 M 548 M 459 M 395 M 354 M 315 M 286 M 257 M 244 M 224 M 204 M 189 M 170 M 156 M 166 M 156 M - -

Total Assets

974 M 816 M 717 M 603 M 531 M 468 M 422 M 393 M 392 M 350 M 355 M 341 M 316 M 290 M 219 M 216 M - -

Cash and Cash Equivalents

226 M 295 M 192 M 138 M 87.2 M 72.3 M 48.9 M 13.1 M 11.2 M 7.34 M 8.16 M 6.66 M 7.26 M 6.55 M 4.98 M 3.09 M 13.3 M 6.22 M

Book Value

974 M 816 M 717 M 603 M 531 M 468 M 331 M 304 M 277 M 256 M 232 M 214 M 197 M 171 M 179 M 216 M - -

Total Shareholders Equity

713 M 606 M 516 M 442 M 403 M 361 M 331 M 304 M 277 M 256 M 232 M 214 M 197 M 171 M 179 M 168 M 144 M 111 M

All numbers in USD currency

Quarterly Balance Sheet Badger Meter

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Total Non Current Liabilities

143 M 111 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 16.8 M - - - - - - -

Retained Earnings

680 M 662 M 624 M 601 M 576 M 527 M 505 M 480 M 442 M 424 M 408 M - 384 M - 362 M 354 M 342 M 332 M 323 M 315 M 315 M 315 M 315 M 286 M 286 M 286 M 286 M 257 M 257 M 257 M 257 M 244 M 244 M 244 M 244 M 224 M 224 M 224 M 224 M 204 M 204 M 204 M 204 M 189 M 189 M 189 M 189 M 170 M 170 M 170 M 170 M 156 M 156 M 156 M 156 M 166 M 166 M 166 M 166 M

Total Assets

998 M 971 M 978 M 936 M 900 M 803 M 781 M 743 M 690 M 659 M 633 M - 574 M - 546 M 531 M 519 M 499 M 486 M 471 M 468 M 468 M 468 M 422 M 422 M 422 M 422 M 393 M 393 M 393 M 393 M 392 M 392 M 392 M 392 M 350 M 350 M 350 M 350 M 355 M 355 M 355 M 355 M 341 M 341 M 341 M 341 M 316 M 316 M 316 M 316 M 290 M 290 M 290 M 290 M 219 M 219 M 219 M 219 M

Cash and Cash Equivalents

95.7 M 205 M 202 M 165 M 131 M 259 M 226 M 199 M 163 M 142 M 128 M - 115 M - 89.2 M 87.2 M 67 M 57.4 M 51.4 M 72.3 M 72.3 M 72.3 M 72.3 M 48.9 M 48.9 M 48.9 M 48.9 M 13.1 M 13.1 M 13.1 M 13.1 M 11.2 M 11.2 M 11.2 M 11.2 M 7.34 M 7.34 M 7.34 M 7.34 M 8.16 M 8.16 M 8.16 M 8.16 M 6.66 M 6.66 M 6.66 M 6.66 M 7.26 M 7.26 M 7.26 M 7.26 M 6.55 M 6.55 M 6.55 M 6.55 M 4.98 M 4.98 M 4.98 M 4.98 M

Book Value

998 M - - - - - - - - - - - 574 M - 546 M 531 M 519 M 499 M 486 M 471 M 468 M 468 M 468 M 422 M 422 M 422 M 422 M 393 M 393 M 393 M 393 M 392 M 392 M 392 M 392 M 350 M 350 M 350 M 350 M 355 M 355 M 355 M 355 M 341 M 341 M 341 M 341 M 316 M 316 M 316 M 316 M 274 M 290 M 290 M 290 M 219 M 219 M 219 M 219 M

Total Shareholders Equity

683 M 690 M 703 M 678 M 642 M 591 M 563 M 536 M 493 M 476 M 458 M - 423 M 416 M 410 M 403 M 392 M 382 M 370 M 361 M 361 M 361 M 361 M 331 M 331 M 331 M 331 M 304 M 304 M 304 M 304 M 277 M 277 M 277 M 277 M 256 M 256 M 256 M 256 M 232 M 232 M 232 M 232 M 214 M 214 M 214 M 214 M 197 M 197 M 197 M 197 M 171 M 171 M 171 M 171 M 179 M 179 M 179 M 179 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Badger Meter, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Electrical equipment

Issuer Price % 24h Market Cap Country
FuelCell Energy FuelCell Energy
FCEL
$ 13.0 4.55 % $ 335 M usaUSA
AZZ AZZ
AZZ
$ 129.56 0.32 % $ 3.88 B usaUSA
Bloom Energy Corporation Bloom Energy Corporation
BE
$ 221.31 0.45 % $ 53.2 B usaUSA
Encore Wire Corporation Encore Wire Corporation
WIRE
- - $ 4.89 B usaUSA
CBAK Energy Technology CBAK Energy Technology
CBAT
$ 1.03 1.64 % $ 91.9 M chinaChina
Energizer Holdings Energizer Holdings
ENR
$ 21.7 0.95 % $ 1.54 B usaUSA
EnerSys EnerSys
ENS
$ 168.72 0.02 % $ 6.32 B usaUSA
Eos Energy Enterprises Eos Energy Enterprises
EOSE
$ 1.82 10.77 % $ 475 M usaUSA
Servotronics Servotronics
SVT
- -0.32 % $ 116 M usaUSA
Hollysys Automation Technologies Ltd. Hollysys Automation Technologies Ltd.
HOLI
- 0.04 % $ 1.61 B chinaChina
Lightbridge Corporation Lightbridge Corporation
LTBR
$ 5.21 0.93 % $ 174 M usaUSA
Orion Energy Systems Orion Energy Systems
OESX
$ 22.52 0.24 % $ 80.2 M usaUSA
GrafTech International Ltd. GrafTech International Ltd.
EAF
$ 7.1 0.34 % $ 185 M usaUSA
Acuity Brands Acuity Brands
AYI
$ 303.25 0.52 % $ 9.36 B usaUSA
Plug Power Plug Power
PLUG
$ 1.38 2.41 % $ 1.58 B usaUSA
Polar Power Polar Power
POLA
$ 0.84 0.73 % $ 2.13 M usaUSA
Pioneer Power Solutions Pioneer Power Solutions
PPSI
$ 2.71 0.23 % $ 30.1 M usaUSA
RF Industries, Ltd. RF Industries, Ltd.
RFIL
$ 7.03 0.36 % $ 74.9 M usaUSA
Ideal Power Ideal Power
IPWR
$ 2.98 1.84 % $ 27.2 M usaUSA
Vertiv Holdings Co. Vertiv Holdings Co.
VRT
$ 206.42 0.18 % $ 78.8 B usaUSA
Advanced Energy Industries Advanced Energy Industries
AEIS
$ 238.05 1.56 % $ 8.95 B usaUSA
Belden Belden
BDC
$ 102.83 0.23 % $ 4.07 B usaUSA
Hubbell Incorporated Hubbell Incorporated
HUBB
$ 461.1 0.07 % $ 24.5 B usaUSA
Espey Mfg. & Electronics Corp. Espey Mfg. & Electronics Corp.
ESP
$ 55.58 0.07 % $ 144 M usaUSA
nVent Electric plc nVent Electric plc
NVT
$ 142.03 0.27 % $ 23.1 B britainBritain
Preformed Line Products Company Preformed Line Products Company
PLPC
$ 352.91 1.58 % $ 1.74 B usaUSA
Powell Industries Powell Industries
POWL
$ 165.14 0.76 % $ 1.99 B usaUSA
Ocean Power Technologies Ocean Power Technologies
OPTT
$ 0.61 4.7 % $ 119 M usaUSA
Asia Pacific Wire & Cable Corporation Limited Asia Pacific Wire & Cable Corporation Limited
APWC
$ 1.27 0.78 % $ 26.2 M taiwanTaiwan
Ault Global Holdings, Inc. Ault Global Holdings, Inc.
DPW
- -7.98 % $ 123 M usaUSA
Flux Power Holdings Flux Power Holdings
FLUX
$ 0.42 0.38 % $ 8.33 M usaUSA
Kimball Electronics Kimball Electronics
KE
$ 25.86 1.14 % $ 634 M usaUSA
Европейская Электротехника Европейская Электротехника
EELT
- - - russiaRussia
ТАНТАЛ ТАНТАЛ
TANL
- - - russiaRussia
Группа Элемент Группа Элемент
ELMT
- - - russiaRussia