Badger Meter (BMI) Financials

$136.02

$3.42 (2.58%)

As on 03-Sep-2026 16:00EDT

Market cap

$3,714 Mln

Revenue (TTM)

$881 Mln

P/E Ratio

30.7

P/B Ratio

5.6

Div. Yield

1.2 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	880.96	916.66	826.56	703.59	565.57	505.20
Cost of Revenue	517.03	534.59	497.37	427.15	345.60	299.71
Gross Profit	363.92	382.07	329.18	276.44	219.97	205.48
Operating Expenses	200.24	198.65	171.25	158.39	132.81	126.88
Operating Profit (EBIT)	163.68	183.42	157.94	118.05	87.30	78.72
Other Income	--	--	--	--	--	--
Profit before Tax	168.15	188.66	166.50	121.97	87.72	78.62
Provision for Tax	42.44	47.02	41.56	29.37	21.22	17.74
Profit after Tax (Net Income)	125.71	141.63	124.94	92.60	66.50	60.88
Minority Interest	--	--	--	--	--	--
Consolidated Profit	68.65	141.63	124.94	92.60	66.50	60.88

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	683.15	713.29	606.23	516.48	442.42	403.07
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	143.42	109.57	91.98	68.49	50.31	45.60
Current Liabilities	171.87	150.72	118.21	131.95	110.31	82.15
Total Liabilities	1,170.04	973.58	816.41	716.92	603.05	530.82

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	581.96	466.50	276.30	274.74	255.22	269.46
Current Assets	416.21	507.08	540.12	442.18	347.83	261.36
Total Assets	1,170.04	973.58	816.41	716.92	603.05	530.82
Total Debt*	--	--	6.01	5.76	6.79	6.18
Net Current Assets	244.33	356.36	421.91	310.23	237.52	179.21

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	183.70	155.03	110.12	82.45	87.51
Cash Flow from Investing Activities	--	-198.05	-15.82	-29.13	-5.89	-51.42
Cash from Financing Activities	--	-57.98	-35.10	-28.09	-24.61	-20.51
Net Cash Inflow / Outflow	--	--	--	--	51.96	14.90

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	4.27	4.79	4.25	3.14	2.26	2.07
Cash EPS ($)	--	5.96	5.35	4.10	3.15	3.02
Adjusted Book Value ($)	--	24.14	20.64	17.52	15.05	13.72
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	6.22	5.28	3.74	2.80	2.98
Free Cash Flow per Share ($)	--	5.74	4.84	3.33	2.60	2.75

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	21.37	22.03	19.06	15.49	15.66
ROE (%)	18.00	21.47	22.26	19.31	15.73	15.93
ROA (%)	11.20	15.83	16.30	14.03	11.73	12.15
EBIT Margin (%)	19.05	20.58	19.11	16.76	15.41	15.56
Net Margin (%)	14.27	15.45	15.12	13.16	11.76	12.05
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	0.80	0.11	0.17	0.24	0.12	0.19
EBIT Growth (%)	-4.86	19.45	33.94	35.28	10.89	20.91
Net Profit Growth (%)	-7.39	13.36	34.93	39.25	9.22	23.39
EPS Growth (%)	-7.08	0.13	0.35	0.39	0.09	0.23
Book Value Growth (%)	2.32	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	30.65	36.38	49.86	49.13	48.22	51.40
Price / Book Value	5.56	7.22	10.28	8.81	7.25	7.76
Dividend Yield (%)	1.22	--	--	--	--	--
EV/EBITDA	18.49	22.07	31.25	29.88	27.11	28.63
Close Price ($)	148.38	174.41	212.12	154.37	109.03	106.56
High Price ($)	249.56	256.08	239.11	170.86	120.54	112.36
Low Price ($)	112.11	162.17	139.50	103.93	73.20	88.98
Market Cap ($ Cr)	3,714.08	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	--	--	0.01	0.01	0.02	0.02
Short term debt to equity ratio	--	--	0.01	0.00	0.01	0.00
Current Ratio	2.42	3.36	4.57	3.35	3.15	3.18
Quick Ratio	1.39	2.36	3.36	2.19	2.07	1.97
Interest Coverage	--	--	--	--	157.91	3,930.15

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	13.76	12.26	10.20	11.87	13.55	13.04
Asset Turnover	0.78	1.02	1.08	1.07	1.00	1.01
Receivable days	--	39.18	37.08	41.57	46.02	46.11
Inventory Days	--	100.89	109.08	116.94	115.97	110.41
Payable days	--	43.71	50.47	65.52	59.87	46.79
Cash Conversion Cycle	--	96.37	95.69	93.00	102.12	109.73

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.