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Side-by-side financial comparison of Alarm.com Holdings, Inc. (ALRM) and BADGER METER INC (BMI). Click either name above to swap in a different company.
Alarm.com Holdings, Inc. is the larger business by last-quarter revenue ($261.7M vs $234.1M, roughly 1.1× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs 13.2%, a 1.1% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 8.0%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $35.1M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 8.3%).
Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services. The company was founded in 2000 as a spinoff from MicroStrategy. The company is based in Tysons, Virginia.
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.
ALRM vs BMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $261.7M | $234.1M |
| Net Profit | $34.6M | $33.6M |
| Gross Margin | 66.0% | 39.7% |
| Operating Margin | 13.4% | 18.4% |
| Net Margin | 13.2% | 14.3% |
| Revenue YoY | 8.0% | 14.1% |
| Net Profit YoY | 14.8% | 9.3% |
| EPS (diluted) | $0.66 | $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 | $261.7M | $234.1M | ||
| Q3 25 | $256.4M | $222.2M | ||
| Q2 25 | $254.3M | $238.1M | ||
| Q1 25 | $238.8M | $222.2M | ||
| Q4 24 | $242.2M | $205.2M | ||
| Q3 24 | $240.5M | $208.4M | ||
| Q2 24 | $233.8M | $216.7M | ||
| Q1 24 | $223.3M | $196.3M |
| Q4 25 | $34.6M | $33.6M | ||
| Q3 25 | $35.1M | $35.1M | ||
| Q2 25 | $34.2M | $34.6M | ||
| Q1 25 | $27.7M | $38.4M | ||
| Q4 24 | $30.1M | $30.7M | ||
| Q3 24 | $36.7M | $32.0M | ||
| Q2 24 | $33.5M | $33.1M | ||
| Q1 24 | $23.6M | $29.1M |
| Q4 25 | 66.0% | 39.7% | ||
| Q3 25 | 65.8% | 43.1% | ||
| Q2 25 | 65.6% | 41.1% | ||
| Q1 25 | 67.2% | 42.9% | ||
| Q4 24 | 65.5% | 40.3% | ||
| Q3 24 | 64.8% | 40.2% | ||
| Q2 24 | 65.2% | 39.4% | ||
| Q1 24 | 65.7% | 39.3% |
| Q4 25 | 13.4% | 18.4% | ||
| Q3 25 | 14.4% | 20.7% | ||
| Q2 25 | 12.6% | 18.8% | ||
| Q1 25 | 12.4% | 22.2% | ||
| Q4 24 | 12.7% | 19.1% | ||
| Q3 24 | 13.8% | 19.5% | ||
| Q2 24 | 11.0% | 19.2% | ||
| Q1 24 | 8.4% | 18.6% |
| Q4 25 | 13.2% | 14.3% | ||
| Q3 25 | 13.7% | 15.8% | ||
| Q2 25 | 13.5% | 14.5% | ||
| Q1 25 | 11.6% | 17.3% | ||
| Q4 24 | 12.4% | 15.0% | ||
| Q3 24 | 15.3% | 15.4% | ||
| Q2 24 | 14.3% | 15.3% | ||
| Q1 24 | 10.6% | 14.8% |
| Q4 25 | $0.66 | $1.13 | ||
| Q3 25 | $0.65 | $1.19 | ||
| Q2 25 | $0.63 | $1.17 | ||
| Q1 25 | $0.52 | $1.30 | ||
| Q4 24 | $0.56 | $1.04 | ||
| Q3 24 | $0.67 | $1.08 | ||
| Q2 24 | $0.62 | $1.12 | ||
| Q1 24 | $0.44 | $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 | $960.6M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $848.2M | $713.3M |
| Total Assets | $2.1B | $973.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.6M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $747.9M | — |
| Q4 25 | $848.2M | $713.3M | ||
| Q3 25 | $827.2M | $702.5M | ||
| Q2 25 | $797.3M | $677.6M | ||
| Q1 25 | $759.6M | $641.7M | ||
| Q4 24 | $726.5M | $606.2M | ||
| Q3 24 | $690.3M | $591.2M | ||
| Q2 24 | $645.5M | $563.1M | ||
| Q1 24 | $728.1M | $535.6M |
| Q4 25 | $2.1B | $973.6M | ||
| Q3 25 | $2.1B | $978.3M | ||
| Q2 25 | $2.1B | $936.4M | ||
| Q1 25 | $2.1B | $899.6M | ||
| Q4 24 | $2.0B | $816.4M | ||
| Q3 24 | $2.0B | $802.9M | ||
| Q2 24 | $1.9B | $781.3M | ||
| Q1 24 | $1.5B | $743.5M |
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 | $35.9M | $54.8M |
| Free Cash FlowOCF − Capex | $35.1M | $50.8M |
| FCF MarginFCF / Revenue | 13.4% | 21.7% |
| Capex IntensityCapex / Revenue | 0.3% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.04× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $137.0M | $169.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.9M | $54.8M | ||
| Q3 25 | $70.6M | $51.3M | ||
| Q2 25 | $22.7M | $44.6M | ||
| Q1 25 | $24.1M | $33.0M | ||
| Q4 24 | $56.3M | $52.1M | ||
| Q3 24 | $77.3M | $45.1M | ||
| Q2 24 | $23.0M | $36.4M | ||
| Q1 24 | $49.9M | $21.5M |
| Q4 25 | $35.1M | $50.8M | ||
| Q3 25 | $65.9M | $48.2M | ||
| Q2 25 | $18.2M | $40.6M | ||
| Q1 25 | $17.9M | $30.1M | ||
| Q4 24 | $54.0M | $47.4M | ||
| Q3 24 | $74.5M | $42.0M | ||
| Q2 24 | $21.0M | $34.1M | ||
| Q1 24 | $46.8M | $18.8M |
| Q4 25 | 13.4% | 21.7% | ||
| Q3 25 | 25.7% | 21.7% | ||
| Q2 25 | 7.1% | 17.1% | ||
| Q1 25 | 7.5% | 13.5% | ||
| Q4 24 | 22.3% | 23.1% | ||
| Q3 24 | 31.0% | 20.1% | ||
| Q2 24 | 9.0% | 15.7% | ||
| Q1 24 | 21.0% | 9.6% |
| Q4 25 | 0.3% | 1.7% | ||
| Q3 25 | 1.9% | 1.4% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 2.6% | 1.3% | ||
| Q4 24 | 0.9% | 2.3% | ||
| Q3 24 | 1.2% | 1.5% | ||
| Q2 24 | 0.9% | 1.1% | ||
| Q1 24 | 1.4% | 1.4% |
| Q4 25 | 1.04× | 1.63× | ||
| Q3 25 | 2.01× | 1.46× | ||
| Q2 25 | 0.66× | 1.29× | ||
| Q1 25 | 0.87× | 0.86× | ||
| Q4 24 | 1.87× | 1.70× | ||
| Q3 24 | 2.11× | 1.41× | ||
| Q2 24 | 0.69× | 1.10× | ||
| Q1 24 | 2.11× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
