vs
Side-by-side financial comparison of Allegion (ALLE) and BADGER METER INC (BMI). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $234.1M, roughly 4.4× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs 14.3%, a 0.1% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 9.3%). Allegion produced more free cash flow last quarter ($200.5M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 7.5%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
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.
ALLE vs BMI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $234.1M |
| Net Profit | $147.5M | $33.6M |
| Gross Margin | 44.5% | 39.7% |
| Operating Margin | 20.3% | 18.4% |
| Net Margin | 14.3% | 14.3% |
| Revenue YoY | 9.3% | 14.1% |
| Net Profit YoY | 2.4% | 9.3% |
| EPS (diluted) | $1.70 | $1.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.0B | $234.1M | ||
| Q3 25 | $1.1B | $222.2M | ||
| Q2 25 | $1.0B | $238.1M | ||
| Q1 25 | $941.9M | $222.2M | ||
| Q4 24 | $945.6M | $205.2M | ||
| Q3 24 | $967.1M | $208.4M | ||
| Q2 24 | $965.6M | $216.7M | ||
| Q1 24 | $893.9M | $196.3M |
| Q4 25 | $147.5M | $33.6M | ||
| Q3 25 | $188.4M | $35.1M | ||
| Q2 25 | $159.7M | $34.6M | ||
| Q1 25 | $148.2M | $38.4M | ||
| Q4 24 | $144.1M | $30.7M | ||
| Q3 24 | $174.2M | $32.0M | ||
| Q2 24 | $155.4M | $33.1M | ||
| Q1 24 | $123.8M | $29.1M |
| Q4 25 | 44.5% | 39.7% | ||
| Q3 25 | 45.8% | 43.1% | ||
| Q2 25 | 45.6% | 41.1% | ||
| Q1 25 | 44.9% | 42.9% | ||
| Q4 24 | 44.1% | 40.3% | ||
| Q3 24 | 44.7% | 40.2% | ||
| Q2 24 | 44.4% | 39.4% | ||
| Q1 24 | 43.8% | 39.3% |
| Q4 25 | 20.3% | 18.4% | ||
| Q3 25 | 21.8% | 20.7% | ||
| Q2 25 | 21.5% | 18.8% | ||
| Q1 25 | 20.9% | 22.2% | ||
| Q4 24 | 19.5% | 19.1% | ||
| Q3 24 | 22.2% | 19.5% | ||
| Q2 24 | 21.6% | 19.2% | ||
| Q1 24 | 19.3% | 18.6% |
| Q4 25 | 14.3% | 14.3% | ||
| Q3 25 | 17.6% | 15.8% | ||
| Q2 25 | 15.6% | 14.5% | ||
| Q1 25 | 15.7% | 17.3% | ||
| Q4 24 | 15.2% | 15.0% | ||
| Q3 24 | 18.0% | 15.4% | ||
| Q2 24 | 16.1% | 15.3% | ||
| Q1 24 | 13.8% | 14.8% |
| Q4 25 | $1.70 | $1.13 | ||
| Q3 25 | $2.18 | $1.19 | ||
| Q2 25 | $1.85 | $1.17 | ||
| Q1 25 | $1.71 | $1.30 | ||
| Q4 24 | $1.65 | $1.04 | ||
| Q3 24 | $1.99 | $1.08 | ||
| Q2 24 | $1.77 | $1.12 | ||
| Q1 24 | $1.41 | $0.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.2M | — |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $713.3M |
| Total Assets | $5.2B | $973.6M |
| Debt / EquityLower = less leverage | 0.96× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $356.2M | — | ||
| Q3 25 | $302.7M | — | ||
| Q2 25 | $656.8M | — | ||
| Q1 25 | $494.5M | — | ||
| Q4 24 | $503.8M | — | ||
| Q3 24 | $878.9M | — | ||
| Q2 24 | $747.5M | — | ||
| Q1 24 | $391.8M | — |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $2.1B | $713.3M | ||
| Q3 25 | $1.9B | $702.5M | ||
| Q2 25 | $1.8B | $677.6M | ||
| Q1 25 | $1.6B | $641.7M | ||
| Q4 24 | $1.5B | $606.2M | ||
| Q3 24 | $1.6B | $591.2M | ||
| Q2 24 | $1.4B | $563.1M | ||
| Q1 24 | $1.4B | $535.6M |
| Q4 25 | $5.2B | $973.6M | ||
| Q3 25 | $5.2B | $978.3M | ||
| Q2 25 | $4.9B | $936.4M | ||
| Q1 25 | $4.6B | $899.6M | ||
| Q4 24 | $4.5B | $816.4M | ||
| Q3 24 | $5.0B | $802.9M | ||
| Q2 24 | $4.8B | $781.3M | ||
| Q1 24 | $4.3B | $743.5M |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $240.1M | $54.8M |
| Free Cash FlowOCF − Capex | $200.5M | $50.8M |
| FCF MarginFCF / Revenue | 19.4% | 21.7% |
| Capex IntensityCapex / Revenue | 3.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.63× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $685.7M | $169.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.1M | $54.8M | ||
| Q3 25 | $229.5M | $51.3M | ||
| Q2 25 | $209.7M | $44.6M | ||
| Q1 25 | $104.5M | $33.0M | ||
| Q4 24 | $219.0M | $52.1M | ||
| Q3 24 | $231.9M | $45.1M | ||
| Q2 24 | $173.0M | $36.4M | ||
| Q1 24 | $51.1M | $21.5M |
| Q4 25 | $200.5M | $50.8M | ||
| Q3 25 | $209.8M | $48.2M | ||
| Q2 25 | $192.0M | $40.6M | ||
| Q1 25 | $83.4M | $30.1M | ||
| Q4 24 | $194.9M | $47.4M | ||
| Q3 24 | $212.0M | $42.0M | ||
| Q2 24 | $152.1M | $34.1M | ||
| Q1 24 | $23.9M | $18.8M |
| Q4 25 | 19.4% | 21.7% | ||
| Q3 25 | 19.6% | 21.7% | ||
| Q2 25 | 18.8% | 17.1% | ||
| Q1 25 | 8.9% | 13.5% | ||
| Q4 24 | 20.6% | 23.1% | ||
| Q3 24 | 21.9% | 20.1% | ||
| Q2 24 | 15.8% | 15.7% | ||
| Q1 24 | 2.7% | 9.6% |
| Q4 25 | 3.8% | 1.7% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 2.2% | 1.3% | ||
| Q4 24 | 2.5% | 2.3% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 2.2% | 1.1% | ||
| Q1 24 | 3.0% | 1.4% |
| Q4 25 | 1.63× | 1.63× | ||
| Q3 25 | 1.22× | 1.46× | ||
| Q2 25 | 1.31× | 1.29× | ||
| Q1 25 | 0.71× | 0.86× | ||
| Q4 24 | 1.52× | 1.70× | ||
| Q3 24 | 1.33× | 1.41× | ||
| Q2 24 | 1.11× | 1.10× | ||
| Q1 24 | 0.41× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
