BADGER METER INCBMIEarnings & Financial Report
Badger Meter Inc. is a leading global provider of flow measurement and control solutions, serving water utilities, industrial, commercial, and residential customer segments. Its core offerings include smart water meters, IoT-enabled usage monitoring systems, and supporting software that help clients track resource consumption, cut waste, and boost operational efficiency, with key markets spanning North America, Europe, and the Asia-Pacific region.
BMI Q4 FY2025 Key Financial Metrics
Revenue
$234.1M
Gross Profit
$93.0M
Operating Profit
$43.0M
Net Profit
$33.6M
Gross Margin
39.7%
Operating Margin
18.4%
Net Margin
14.3%
YoY Growth
14.1%
EPS
$1.13
BADGER METER INC Q4 FY2025 Financial Summary
BADGER METER INC reported revenue of $234.1M (up 14.1% YoY) for Q4 FY2025, with a net profit of $33.6M (up 9.3% YoY) (14.3% margin). Cost of goods sold was $141.2M, operating expenses totaled $49.9M.
Key Financial Metrics
| Total Revenue | $234.1M |
|---|---|
| Net Profit | $33.6M |
| Gross Margin | 39.7% |
| Operating Margin | 18.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
BADGER METER INC Q4 FY2025 revenue of $234.1M breaks down across 3 segments, led by Transferred At Point In Time at $198.6M (84.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred At Point In Time | $198.6M | 84.8% |
| Transferred Over Time | $22.1M | 9.4% |
| Other | $13.4M | 5.7% |
BADGER METER INC Revenue by Segment — Quarterly Trend
BADGER METER INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred At Point In Time and Transferred Over Time) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transferred At Point In Time | $198.6M | $211.5M | $215.0M | $201.9M |
| Transferred Over Time | $22.1M | — | $23.1M | $20.3M |
| Other | $13.4M | $10.7M | — | — |
BADGER METER INC Annual Revenue by Year
BADGER METER INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $916.7M).
BADGER METER INC Quarterly Revenue & Net Profit History
BADGER METER INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $234.1M | +14.1% | $33.6M | 14.3% |
| Q3 FY2025 | $222.2M | +6.6% | $35.1M | 15.8% |
| Q2 FY2025 | $238.1M | +9.9% | $34.6M | 14.5% |
| Q1 FY2025 | $222.2M | +13.2% | $38.4M | 17.3% |
| Q4 FY2024 | $205.2M | +12.5% | $30.7M | 15.0% |
| Q3 FY2024 | $208.4M | +11.9% | $32.0M | 15.4% |
| Q2 FY2024 | $216.7M | +23.2% | $33.1M | 15.3% |
| Q1 FY2024 | $196.3M | +23.4% | $29.1M | 14.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $196.3M | $216.7M | $208.4M | $205.2M | $222.2M | $238.1M | $222.2M | $234.1M |
| YoY Growth | 23.4% | 23.2% | 11.9% | 12.5% | 13.2% | 9.9% | 6.6% | 14.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $743.5M | $781.3M | $802.9M | $816.4M | $899.6M | $936.4M | $978.3M | $973.6M |
| Liabilities | $207.9M | $218.1M | $211.7M | $210.2M | $257.9M | $258.8M | $275.8M | $260.3M |
| Equity | $535.6M | $563.1M | $591.2M | $606.2M | $641.7M | $677.6M | $702.5M | $713.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $21.5M | $36.4M | $45.1M | $52.1M | $33.0M | $44.6M | $51.3M | $54.8M |