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Side-by-side financial comparison of Ametek (AME) and BADGER METER INC (BMI). Click either name above to swap in a different company.
Ametek is the larger business by last-quarter revenue ($2.0B vs $234.1M, roughly 8.5× BADGER METER INC). Ametek runs the higher net margin — 19.9% vs 14.3%, a 5.6% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 13.4%). Ametek produced more free cash flow last quarter ($527.3M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 7.3%).
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.
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.
AME vs BMI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $234.1M |
| Net Profit | $398.6M | $33.6M |
| Gross Margin | 36.0% | 39.7% |
| Operating Margin | 25.3% | 18.4% |
| Net Margin | 19.9% | 14.3% |
| Revenue YoY | 13.4% | 14.1% |
| Net Profit YoY | 2.9% | 9.3% |
| EPS (diluted) | $1.73 | $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 | $2.0B | $234.1M | ||
| Q3 25 | $1.9B | $222.2M | ||
| Q2 25 | $1.8B | $238.1M | ||
| Q1 25 | $1.7B | $222.2M | ||
| Q4 24 | $1.8B | $205.2M | ||
| Q3 24 | $1.7B | $208.4M | ||
| Q2 24 | $1.7B | $216.7M | ||
| Q1 24 | $1.7B | $196.3M |
| Q4 25 | $398.6M | $33.6M | ||
| Q3 25 | $371.4M | $35.1M | ||
| Q2 25 | $358.4M | $34.6M | ||
| Q1 25 | $351.8M | $38.4M | ||
| Q4 24 | $387.3M | $30.7M | ||
| Q3 24 | $340.2M | $32.0M | ||
| Q2 24 | $337.7M | $33.1M | ||
| Q1 24 | $310.9M | $29.1M |
| Q4 25 | 36.0% | 39.7% | ||
| Q3 25 | 36.3% | 43.1% | ||
| Q2 25 | 35.8% | 41.1% | ||
| Q1 25 | 36.1% | 42.9% | ||
| Q4 24 | 36.6% | 40.3% | ||
| Q3 24 | 36.0% | 40.2% | ||
| Q2 24 | 36.0% | 39.4% | ||
| Q1 24 | 34.1% | 39.3% |
| Q4 25 | 25.3% | 18.4% | ||
| Q3 25 | 25.8% | 20.7% | ||
| Q2 25 | 26.0% | 18.8% | ||
| Q1 25 | 26.3% | 22.2% | ||
| Q4 24 | 26.6% | 19.1% | ||
| Q3 24 | 26.1% | 19.5% | ||
| Q2 24 | 25.8% | 19.2% | ||
| Q1 24 | 24.0% | 18.6% |
| Q4 25 | 19.9% | 14.3% | ||
| Q3 25 | 19.6% | 15.8% | ||
| Q2 25 | 20.2% | 14.5% | ||
| Q1 25 | 20.3% | 17.3% | ||
| Q4 24 | 22.0% | 15.0% | ||
| Q3 24 | 19.9% | 15.4% | ||
| Q2 24 | 19.5% | 15.3% | ||
| Q1 24 | 17.9% | 14.8% |
| Q4 25 | $1.73 | $1.13 | ||
| Q3 25 | $1.60 | $1.19 | ||
| Q2 25 | $1.55 | $1.17 | ||
| Q1 25 | $1.52 | $1.30 | ||
| Q4 24 | $1.67 | $1.04 | ||
| Q3 24 | $1.47 | $1.08 | ||
| Q2 24 | $1.45 | $1.12 | ||
| Q1 24 | $1.34 | $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 | $458.0M | — |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $10.6B | $713.3M |
| Total Assets | $16.1B | $973.6M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.0M | — | ||
| Q3 25 | $439.2M | — | ||
| Q2 25 | $619.7M | — | ||
| Q1 25 | $399.0M | — | ||
| Q4 24 | $374.0M | — | ||
| Q3 24 | $396.3M | — | ||
| Q2 24 | $396.6M | — | ||
| Q1 24 | $373.8M | — |
| Q4 25 | $2.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.6B | $713.3M | ||
| Q3 25 | $10.5B | $702.5M | ||
| Q2 25 | $10.4B | $677.6M | ||
| Q1 25 | $10.0B | $641.7M | ||
| Q4 24 | $9.7B | $606.2M | ||
| Q3 24 | $9.6B | $591.2M | ||
| Q2 24 | $9.3B | $563.1M | ||
| Q1 24 | $9.0B | $535.6M |
| Q4 25 | $16.1B | $973.6M | ||
| Q3 25 | $16.2B | $978.3M | ||
| Q2 25 | $15.3B | $936.4M | ||
| Q1 25 | $14.9B | $899.6M | ||
| Q4 24 | $14.6B | $816.4M | ||
| Q3 24 | $14.8B | $802.9M | ||
| Q2 24 | $14.8B | $781.3M | ||
| Q1 24 | $14.9B | $743.5M |
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $584.3M | $54.8M |
| Free Cash FlowOCF − Capex | $527.3M | $50.8M |
| FCF MarginFCF / Revenue | 26.4% | 21.7% |
| Capex IntensityCapex / Revenue | 2.9% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.47× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $169.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $584.3M | $54.8M | ||
| Q3 25 | $440.9M | $51.3M | ||
| Q2 25 | $359.1M | $44.6M | ||
| Q1 25 | $417.5M | $33.0M | ||
| Q4 24 | $550.0M | $52.1M | ||
| Q3 24 | $487.2M | $45.1M | ||
| Q2 24 | $381.4M | $36.4M | ||
| Q1 24 | $410.2M | $21.5M |
| Q4 25 | $527.3M | $50.8M | ||
| Q3 25 | $420.0M | $48.2M | ||
| Q2 25 | $329.8M | $40.6M | ||
| Q1 25 | $394.5M | $30.1M | ||
| Q4 24 | $498.3M | $47.4M | ||
| Q3 24 | $460.9M | $42.0M | ||
| Q2 24 | $360.0M | $34.1M | ||
| Q1 24 | $382.6M | $18.8M |
| Q4 25 | 26.4% | 21.7% | ||
| Q3 25 | 22.2% | 21.7% | ||
| Q2 25 | 18.5% | 17.1% | ||
| Q1 25 | 22.8% | 13.5% | ||
| Q4 24 | 28.3% | 23.1% | ||
| Q3 24 | 27.0% | 20.1% | ||
| Q2 24 | 20.8% | 15.7% | ||
| Q1 24 | 22.0% | 9.6% |
| Q4 25 | 2.9% | 1.7% | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 1.6% | 1.7% | ||
| Q1 25 | 1.3% | 1.3% | ||
| Q4 24 | 2.9% | 2.3% | ||
| Q3 24 | 1.5% | 1.5% | ||
| Q2 24 | 1.2% | 1.1% | ||
| Q1 24 | 1.6% | 1.4% |
| Q4 25 | 1.47× | 1.63× | ||
| Q3 25 | 1.19× | 1.46× | ||
| Q2 25 | 1.00× | 1.29× | ||
| Q1 25 | 1.19× | 0.86× | ||
| Q4 24 | 1.42× | 1.70× | ||
| Q3 24 | 1.43× | 1.41× | ||
| Q2 24 | 1.13× | 1.10× | ||
| Q1 24 | 1.32× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
