Company research
BADGER METER INC
CIK 9092Updated Sep 24, 2026
SecurityBMI · NYSE · equity
Name history
BADGER METER INC · through Jul 31, 2026
BMI price & chart
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NYSE:BMI on TradingView ↗In the news
BADGER METER DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Badger Meter, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 3 Deadline in Securities Class Action - BMI ↗
BADGER METER, INC. (NYSE: BMI) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by August 3, 2026 ↗
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Badger Meter, Inc. of Class Action Lawsuit and Upcoming Deadlines - BMI ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
11-K filing
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 1.02, 2.03, 9.01
SD filing
Show 5 more recent filings
Regulation FD Disclosure
Items 7.01, 9.01
SCHEDULE 13G - filed by STATE STREET CORP regarding BADGER METER INC
4 filing
SCHEDULE 13G - filed by VANGUARD CAPITAL MANAGEMENT LLC regarding BADGER METER INC
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders · Other Events
Items 5.03, 5.07, 8.01, 9.01
Financials
FY 2025 · USDSource
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 973,577,000Source | 816,413,000Source | 716,919,000Source | 603,047,000Source |
| Property, Plant and Equipment, NetUSD | 79,636,000Source | 74,260,000Source | 73,878,000Source | 73,542,000Source |
| GoodwillUSD | 235,575,000Source | 111,770,000Source | 113,163,000Source | 101,261,000Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 112,356,000Source | 84,325,000Source | 83,507,000Source | 76,651,000Source |
| Inventory, NetUSD | 151,935,000Source | 143,408,000Source | 153,674,000Source | 119,856,000Source |
| Assets, CurrentUSD | 507,077,000Source | 540,116,000Source | 442,177,000Source | 347,832,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 16,770,000Source | 17,078,000Source | 13,214,000Source | 13,273,000Source |
| Operating Lease, Right-of-Use AssetUSD | 12,538,000Source | 5,858,000Source | 5,522,000Source | 6,533,000Source |
| Other Assets, NoncurrentUSD | 18,653,000Source | 12,676,000Source | 11,249,000Source | 14,048,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source |
| Retained Earnings (Accumulated Deficit)USD | 645,876,000Source | 547,796,000Source | 458,719,000Source | 395,155,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 6,474,000Source | -7,906,000Source | -1,646,000Source | -5,983,000Source |
| Stockholders' Equity Attributable to ParentUSD | 713,294,000Source | 606,232,000Source | 516,482,000Source | 442,422,000Source |
| Additional Paid in Capital, Common StockUSD | 75,290,000Source | 65,819,000Source | 59,185,000Source | 53,282,000Source |
| Liabilities and EquityUSD | 973,577,000Source | 816,413,000Source | 716,919,000Source | 603,047,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 150,716,000Source | 118,205,000Source | 131,948,000Source | 110,312,000Source |
| Accounts Payable, CurrentUSD | 72,299,000Source | 55,659,000Source | 81,807,000Source | 71,440,000Source |
| Deferred Income Tax Liabilities, NetUSD | 3,477,000Source | 3,652,000Source | 5,061,000Source | 4,648,000Source |
| Other Liabilities, NoncurrentUSD | 11,054,000Source | 4,801,000Source | 4,758,000Source | 37,808,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 112,356,000Source | 84,325,000Source | 83,507,000Source | 76,651,000Source |
| Deferred Revenue, NoncurrentUSD | 72,771,000Source | 64,153,000Source | 49,763,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,190,000Source | 6,182,000Source | 5,188,000Source | 3,148,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 20,115,000Source | 1,444,000Source | 6,351,000Source | 11,328,000Source |
| Increase (Decrease) in InventoriesUSD | 987,000Source | -10,320,000Source | 32,467,000Source | 21,021,000Source |
| Increase (Decrease) in Accounts PayableUSD | 14,399,000Source | -12,161,000Source | 8,506,000Source | 28,007,000Source |
| Deferred Income Tax Expense (Benefit)USD | -854,000Source | -11,074,000Source | -9,650,000Source | -5,619,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 183,698,000Source | 155,034,000Source | 110,117,000Source | 82,451,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 184,024,000Source | 3,000,000Source | 17,127,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -198,050,000Source | -15,818,000Source | -29,130,000Source | -5,891,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 14,026,000Source | 12,818,000Source | 12,003,000Source | 5,891,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 15,002,000Source | 0Source | — | 427,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -57,977,000Source | -35,096,000Source | -28,085,000Source | -24,605,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 43,529,000Source | 35,847,000Source | 29,052,000Source | 24,881,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -69,289,000Source | 103,523,000Source | 53,730,000Source | 50,878,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 0Source | — | — |
| Income Taxes Paid, NetUSD | 48,753,000Source | — | — | — |
| Additional Financial Items | ||||
| AmortizationUSD | 23,481,000Source | 21,082,000Source | 17,173,000Source | 15,151,000Source |
| Amortization of Intangible AssetsUSD | 14,700,000Source | 9,100,000Source | 8,600,000Source | 8,600,000Source |
| DepreciationUSD | 11,103,000Source | 11,103,000Source | 10,937,000Source | 11,090,000Source |
| GoodwillUSD | 235,575,000Source | 111,770,000Source | 113,163,000Source | 101,261,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 47,023,000Source | 41,558,000Source | 29,368,000Source | 21,221,000Source |
| Net Income (Loss) Attributable to ParentUSD | 141,634,000Source | 124,942,000Source | 92,598,000Source | 66,496,000Source |
| Operating Lease, ExpenseUSD | 4,513,000Source | 3,626,000Source | 3,406,000Source | 3,447,000Source |
| Proceeds from Stock Options ExercisedUSD | 554,000Source | 751,000Source | 967,000Source | 703,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 916,663,000Source | 826,558,000Source | 703,592,000Source | 565,568,000Source |
| Cost of RevenueUSD | 534,593,000Source | 497,374,000Source | 427,154,000Source | 345,598,000Source |
| Selling, General and Administrative ExpenseUSD | 198,649,000Source | 171,248,000Source | 158,389,000Source | 132,675,000Source |
| Operating Income (Loss)USD | 183,421,000Source | 157,936,000Source | 118,049,000Source | 87,295,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 188,657,000Source | 166,500,000Source | 121,966,000Source | 87,717,000Source |
| Income Tax Expense (Benefit)USD | 47,023,000Source | 41,558,000Source | 29,368,000Source | 21,221,000Source |
| Net Income (Loss) Attributable to ParentUSD | 141,634,000Source | 124,942,000Source | 92,598,000Source | 66,496,000Source |
| Earnings Per Share, BasicUSD per share | 4.82Source | 4.26Source | 3.16Source | 2.28Source |
| Earnings Per Share, DilutedUSD per share | 4.79Source | 4.23Source | 3.14Source | 2.26Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 29,398,000Source | 29,356Source | 29,284Source | 29,218Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 29,569,000Source | 29,534Source | 29,456Source | 29,376Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 14,700,000Source | 9,100,000Source | 8,600,000Source | 8,600,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 382,070,000Source | 329,184,000Source | 276,438,000Source | 219,970,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 186,739,000Source | 169,608,000Source | 120,384,000Source | 83,680,000Source |
| Interest Income (Expense), NetUSD | 5,124,000Source | 8,613,000Source | 4,047,000Source | 552,000Source |
| Operating Lease, ExpenseUSD | 4,513,000Source | 3,626,000Source | 3,406,000Source | 3,447,000Source |
| Research and Development ExpenseUSD | 21,600,000Source | 19,200,000Source | 19,000,000Source | 15,800,000Source |