Badger Meter BMI

$ 157.49 -1.01%

Quarterly report 2026-Q3
added 10-23-2026

Badger Meter Income Statement 2025-2008 | BMI

Brief overview of income trends at Badger Meter

The conclusions below are based on five years of reported results. The revenue attributed to Badger Meter moved from $426 million to $221 million between the two endpoints. Overall revenue changed by −48.1%, equal to an annualized rate of about −12.3%. The business finished the period with a smaller revenue base.

Gross profit changed from $168 million to $93 million (−44.7%). The cost base moved against the top-line trend and weighed on the gross result. The gross margin was 39.5% at the start and 42.1% at the end. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA changed from $77.4 million to $195 million (+151.3%). EBITDA expanded faster than the top line. Comparing the endpoints gives EBITDA margins of 18.2% and 88.1%. The business generated more EBITDA from each unit of revenue.

Over the period, net income shifted from 49.3 million dollars to 33.6 million dollars (−32%). Net income grew faster than revenue, indicating improved overall efficiency.

Market capitalization changed from 2.6 million dollars to 4.7 billion dollars (+179186.2%). The share-price trend moved ahead of the financial performance.

What the figures show

Positive developments coexist with areas of weakness. The constructive conclusion rests on positive operating leverage and improving gross profitability. The weaker side of the profile includes limited revenue growth and a weaker final result. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Badger Meter

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Market Cap	4.72 B	6.36 B	4.63 B	3.44 B	2.94 B	2.63 B	1.75 B	1.52 B	1.4 B	1.12 B	803 M	856 M	735 M	715 M	480 M	287 M	310 M	-
Shares	29.4 M	29.4 M	29.3 M	29.2 M	29.1 M	29.1 M	29 M	29 M	28.9 M	28.9 M	28.8 M	28.6 M	28.7 M	28.7 M	29.9 M	14.9 M	14.8 M	-
Historical Prices	161	217	158	118	101	90.7	57.8	51	46.1	36.4	26	27.6	23.1	22.1	14.1	19.3	21	24.7
Net Income	33.6 M	30.7 M	92.6 M	66.5 M	60.9 M	49.3 M	47.2 M	27.8 M	34.6 M	32.3 M	25.9 M	29.7 M	24.6 M	28 M	19.2 M	28.7 M	34.2 M	-
Revenue	221 M	205 M	704 M	566 M	505 M	426 M	425 M	434 M	402 M	394 M	378 M	365 M	334 M	320 M	263 M	-	-	-
Cost of Revenue	535 M	497 M	427 M	346 M	300 M	257 M	261 M	271 M	247 M	243 M	242 M	234 M	217 M	197 M	173 M	174 M	153 M	-
Gross Profit	93 M	82.8 M	276 M	220 M	205 M	168 M	164 M	162 M	156 M	151 M	136 M	131 M	117 M	122 M	89.8 M	103 M	97 M	-
Operating Income	183 M	158 M	118 M	87.3 M	78.7 M	65.2 M	62.1 M	56.9 M	56.6 M	52.7 M	42.4 M	46 M	39.1 M	44.5 M	27.5 M	44.8 M	42.2 M	-
Interest Expense	5.12 M	8.61 M	4.05 M	552 K	20 K	-30 K	-253 K	-1.16 M	-789 K	-921 K	-1.22 M	-1.14 M	-1.1 M	-998 K	-185 K	-385 K	90 K	-
EBITDA	195 M	169 M	129 M	98.4 M	90 M	77.4 M	86.3 M	81.2 M	80 M	73.2 M	63 M	61.7 M	52.6 M	56.5 M	37 M	51.5 M	49 M	-
Operating Expenses	-90.4 M	-75.2 M	158 M	133 M	127 M	103 M	101 M	105 M	100 M	99.8 M	93.4 M	85.1 M	77.9 M	77.8 M	62.3 M	58 M	54.8 M	-
General and Administrative Expenses	199 M	171 M	158 M	133 M	127 M	103 M	101 M	105 M	100 M	99.8 M	93.4 M	85.1 M	77.9 M	77.8 M	62.3 M	58 M	54.8 M	-

All numbers in USD currency

Quarterly Income Statement Badger Meter

	2026-Q3	2026-Q2	2026-Q1	2025-Q4	2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	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
Shares	28.8 M	29 M	29.2 M	-7.43 K	29.4 M	29.4 M	29.4 M	4.31 K	29.4 M	29.4 M	29.3 M	8.56 M	29.3 M	29.3 M	29.3 M	-29.2 M	29.2 M	29.2 M	29.2 M	-29.1 M	29.2 M	29.1 M	29.1 M	-29 M	29 M	29 M	29 M	-29 M	29 M	29 M	29 M	-29 M	29 M	29 M	28.9 M	-28.9 M	28.9 M	28.9 M	28.9 M	-28.9 M	28.9 M	28.9 M	28.8 M	12.1 M	28.8 M	14.4 M	14.3 M	14.4 M	14.3 M	14.3 M	14.2 M	8.3 M	14.4 M	14.4 M	14.1 M	-61.6 K	14.1 M	14.2 M	14.8 M	11.8 M	15 M	15 M	14.9 M
Net Income	35.9 M	29.7 M	27.3 M	33.6 M	35.1 M	34.6 M	38.4 M	30.7 M	32 M	33.1 M	29.1 M	24.7 M	26 M	22.5 M	19.4 M	17.5 M	17.9 M	16.7 M	14.4 M	17.3 M	15.9 M	14 M	13.8 M	13.1 M	14.9 M	9.53 M	11.9 M	12.3 M	12.7 M	11.4 M	10.8 M	11.2 M	2.85 M	6.15 M	7.55 M	7.23 M	7.98 M	10.6 M	8.75 M	6.11 M	8.79 M	9.4 M	7.99 M	5.48 M	8.33 M	7.9 M	4.23 M	6 M	10.2 M	8.81 M	4.63 M	6.38 M	9.05 M	6.28 M	2.91 M	5.48 M	8.86 M	7.44 M	6.25 M	1.19 M	6.88 M	7.83 M	3.26 M
Revenue	236 M	222 M	202 M	221 M	236 M	238 M	222 M	205 M	208 M	217 M	196 M	182 M	186 M	176 M	159 M	147 M	148 M	138 M	132 M	136 M	129 M	123 M	118 M	112 M	114 M	91.1 M	109 M	108 M	109 M	104 M	105 M	104 M	111 M	114 M	105 M	96.6 M	100 M	104 M	102 M	93.1 M	96.3 M	104 M	101 M	95.8 M	99.4 M	98.9 M	83.6 M	89.3 M	96.3 M	95.7 M	83.5 M	81 M	93 M	88.3 M	71.8 M	74.3 M	87.1 M	82 M	76.2 M	60.7 M	69.7 M	75.1 M	57.4 M
Cost of Revenue	137 M	132 M	118 M	128 M	140 M	140 M	127 M	122 M	125 M	131 M	119 M	111 M	113 M	106 M	96.3 M	90.4 M	90.5 M	83.1 M	81.7 M	80.9 M	77.6 M	72.8 M	68.5 M	68.3 M	68.6 M	55.3 M	65.2 M	66.4 M	67 M	63.3 M	64.4 M	64.3 M	66.7 M	72.1 M	68.3 M	57.6 M	63 M	63.1 M	63 M	59.6 M	57.6 M	64.4 M	61.6 M	61.3 M	63.3 M	63.8 M	53.6 M	58.4 M	59.8 M	60.8 M	54.5 M	52 M	59.9 M	58.5 M	46.8 M	45.5 M	52.8 M	51.8 M	47.4 M	41.3 M	46.9 M	47.9 M	36.9 M
Gross Profit	98.8 M	90.8 M	84.3 M	93 M	95.8 M	97.8 M	95.4 M	82.8 M	83.9 M	85.4 M	77.2 M	71.5 M	72.7 M	69.4 M	62.8 M	57 M	57.5 M	54.8 M	50.7 M	54.8 M	51.2 M	50.1 M	49.4 M	44.1 M	45 M	35.8 M	43.3 M	41.1 M	41.7 M	40.3 M	40.5 M	40.2 M	43.9 M	41.5 M	36.7 M	39 M	37 M	41.1 M	38.6 M	33.5 M	38.6 M	39.4 M	39 M	34.5 M	36.1 M	35.1 M	30.1 M	30.9 M	36.5 M	34.8 M	29 M	29 M	33.1 M	29.8 M	25 M	28.9 M	34.3 M	30.2 M	28.9 M	19.4 M	22.8 M	27.2 M	20.4 M
Operating Income	47.7 M	39.4 M	35.2 M	43 M	46.1 M	44.9 M	49.4 M	39.2 M	40.6 M	41.5 M	36.6 M	32.1 M	31.4 M	29.5 M	25 M	22.5 M	23.9 M	22.1 M	18.9 M	22.9 M	19.4 M	18.7 M	17.7 M	17 M	19.5 M	12.7 M	16 M	16.3 M	16.4 M	15 M	14.3 M	14.8 M	15.7 M	16.4 M	9.97 M	13.9 M	12.3 M	16.8 M	13.6 M	11 M	13.9 M	14.9 M	12.8 M	9.51 M	13.6 M	12.2 M	7.05 M	8.15 M	16 M	14.2 M	7.69 M	10.3 M	13.9 M	10.2 M	4.72 M	8.82 M	14.1 M	11.4 M	10.2 M	2.03 M	7.99 M	12.3 M	5.24 M
Interest Expense	188 K	319 K	1.14 M	1.56 M	1.33 M	895 K	1.33 M	2.92 M	2.3 M	1.86 M	1.53 M	1.4 M	1.2 M	827 K	622 K	466 K	108 K	-9 K	-13 K	48 K	-14 K	-7 K	-7 K	-12 K	46 K	-32 K	-31 K	27 K	-66 K	-85 K	-129 K	-163 K	-295 K	-409 K	-290 K	-222 K	-242 K	-147 K	-178 K	-210 K	-213 K	-228 K	-270 K	-276 K	-305 K	-319 K	-317 K	-260 K	-273 K	-311 K	-291 K	-254 K	-264 K	-332 K	-248 K	-269 K	-286 K	-238 K	-205 K	-64 K	87 K	-96 K	-112 K
EBITDA	47.7 M	42.2 M	38 M	49.4 M	48.7 M	47.8 M	52.2 M	40 M	43.2 M	44.4 M	39.5 M	32.6 M	34.1 M	32.3 M	27.7 M	22.7 M	26.7 M	25 M	21.6 M	24.2 M	22.2 M	21.7 M	20.6 M	15 M	22.7 M	15.7 M	19 M	14.9 M	19.1 M	18.1 M	17.3 M	13.5 M	18.6 M	19.1 M	13.1 M	11.6 M	15.4 M	19.9 M	16.5 M	8.62 M	16.8 M	17.7 M	15.6 M	7.84 M	16.2 M	15.2 M	9.26 M	6.71 M	18.1 M	16.6 M	10.2 M	8.89 M	16 M	12.3 M	6.92 M	7.54 M	16 M	13.1 M	12.3 M	2.03 M	9.65 M	16.1 M	7.17 M
Operating Expenses	51.1 M	51.4 M	49.2 M	49.9 M	49.8 M	52.9 M	46 M	43.5 M	43.3 M	43.9 M	40.6 M	39.4 M	41.3 M	39.9 M	37.8 M	34.5 M	33.7 M	32.7 M	31.9 M	32 M	31.7 M	31.4 M	31.6 M	27.1 M	25.5 M	23.2 M	27.3 M	24.8 M	25.2 M	25.2 M	26.1 M	25.3 M	28.2 M	25.2 M	26.8 M	25.1 M	24.7 M	24.2 M	25.1 M	22.5 M	24.7 M	24.5 M	26.2 M	24.9 M	22.5 M	23 M	23 M	22.7 M	20.5 M	20.6 M	21.3 M	18.7 M	19.2 M	19.7 M	20.3 M	20 M	20.2 M	18.8 M	18.7 M	17.4 M	14.8 M	14.9 M	-
General and Administrative Expenses	51.1 M	51.4 M	49.2 M	49.9 M	49.8 M	52.9 M	46 M	43.5 M	43.3 M	43.9 M	40.6 M	39.4 M	41.3 M	39.9 M	37.8 M	34.5 M	33.7 M	32.7 M	31.9 M	32 M	31.7 M	31.4 M	31.6 M	27.1 M	25.5 M	23.2 M	27.3 M	24.8 M	25.2 M	25.2 M	26.1 M	25.3 M	28.2 M	25.2 M	26.8 M	25.1 M	24.7 M	24.2 M	25.1 M	22.5 M	24.7 M	24.5 M	26.2 M	24.9 M	22.5 M	23 M	23 M	22.7 M	20.5 M	20.6 M	21.3 M	18.7 M	19.2 M	19.7 M	20.3 M	20 M	20.2 M	18.8 M	18.7 M	17.4 M	14.8 M	14.9 M	15.2 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Badger Meter (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

How much revenue the company earned
How much it spent on production, personnel, marketing, taxes, etc.
What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features

The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

Reports on the profits and losses of other stocks in the Electrical equipment industry

Issuer	Price	% 24h	Market Cap	Country
Espey Mfg. & Electronics Corp. ESP	$ 47.22	-2.42 %	$ 122 M	USA
Ocean Power Technologies OPTT	$ 0.44	5.09 %	$ 85.5 M	USA
Европейская Электротехника EELT	-	-	-	Russia
Flux Power Holdings FLUX	$ 0.34	-5.68 %	$ 6.74 M	USA
ТАНТАЛ TANL	-	-	-	Russia
Группа Элемент ELMT	-	-	-	Russia
Vertiv Holdings Co. VRT	$ 194.22	-3.21 %	$ 74.1 B	USA
Hubbell Incorporated HUBB	$ 437.74	-0.87 %	$ 23.3 B	USA
Polar Power POLA	$ 0.31	-14.04 %	$ 788 K	USA
Encore Wire Corporation WIRE	-	-	$ 4.89 B	USA
Servotronics SVT	-	-0.32 %	$ 116 M	USA
Hollysys Automation Technologies Ltd. HOLI	-	0.04 %	$ 1.61 B	China
Bloom Energy Corporation BE	$ 185.39	-4.38 %	$ 44.6 B	USA
CBAK Energy Technology CBAT	$ 0.96	-9.65 %	$ 85.7 M	China
FuelCell Energy FCEL	$ 10.3	-4.85 %	$ 265 M	USA
AZZ AZZ	$ 130.89	-1.45 %	$ 3.92 B	USA
Belden BDC	$ 105.12	-1.67 %	$ 4.16 B	USA
Eos Energy Enterprises EOSE	$ 1.75	-6.91 %	$ 456 M	USA
nVent Electric plc NVT	$ 112.2	-1.96 %	$ 18.2 B	Britain
EnerSys ENS	$ 151.35	-0.18 %	$ 5.67 B	USA
Advanced Energy Industries AEIS	$ 221.86	1.17 %	$ 8.34 B	USA
Asia Pacific Wire & Cable Corporation Limited APWC	$ 1.14	2.7 %	$ 23.5 M	Taiwan
Energizer Holdings ENR	$ 24.86	-0.8 %	$ 1.76 B	USA
Ault Global Holdings, Inc. DPW	-	-7.98 %	$ 123 M	USA
Acuity Brands AYI	$ 331.95	-0.76 %	$ 10.1 B	USA
Ideal Power IPWR	$ 2.27	-2.99 %	$ 20.7 M	USA
Lightbridge Corporation LTBR	$ 4.54	-6.3 %	$ 152 M	USA
Preformed Line Products Company PLPC	$ 285.39	0.34 %	$ 1.4 B	USA
Kimball Electronics KE	$ 19.43	-2.02 %	$ 476 M	USA
Orion Energy Systems OESX	$ 12.06	-8.91 %	$ 42.9 M	USA
Plug Power PLUG	$ 1.37	-9.0 %	$ 1.57 B	USA
Powell Industries POWL	$ 138.35	-2.33 %	$ 1.67 B	USA
Pioneer Power Solutions PPSI	$ 2.23	-1.33 %	$ 24.8 M	USA
RF Industries, Ltd. RFIL	$ 7.26	0.14 %	$ 77.3 M	USA
GrafTech International Ltd. EAF	$ 10.29	-3.11 %	$ 268 M	USA

Badger Meter Income Statement 2025-2008 | BMI

Brief overview of income trends at Badger Meter

What the figures show

Annual Income Statement Badger Meter

Market Cap

Shares

Historical Prices

Net Income

Revenue

Cost of Revenue

Gross Profit

Operating Income

Interest Expense

EBITDA

Operating Expenses

General and Administrative Expenses

Annual performance