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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and BADGER METER INC (BMI). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $234.1M, roughly 1.6× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs 4.1%, a 10.2% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 5.1%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 9.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs BMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $234.1M |
| Net Profit | $15.1M | $33.6M |
| Gross Margin | 38.1% | 39.7% |
| Operating Margin | 5.6% | 18.4% |
| Net Margin | 4.1% | 14.3% |
| Revenue YoY | 5.1% | 14.1% |
| Net Profit YoY | -29.1% | 9.3% |
| EPS (diluted) | $0.11 | $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 | $364.8M | $234.1M | ||
| Q3 25 | $344.6M | $222.2M | ||
| Q2 25 | $358.4M | $238.1M | ||
| Q1 25 | $311.4M | $222.2M | ||
| Q4 24 | $347.0M | $205.2M | ||
| Q3 24 | $319.1M | $208.4M | ||
| Q2 24 | $309.8M | $216.7M | ||
| Q1 24 | $295.2M | $196.3M |
| Q4 25 | $15.1M | $33.6M | ||
| Q3 25 | $12.2M | $35.1M | ||
| Q2 25 | $35.1M | $34.6M | ||
| Q1 25 | $4.9M | $38.4M | ||
| Q4 24 | $21.3M | $30.7M | ||
| Q3 24 | $9.9M | $32.0M | ||
| Q2 24 | $22.2M | $33.1M | ||
| Q1 24 | $15.1M | $29.1M |
| Q4 25 | 38.1% | 39.7% | ||
| Q3 25 | 38.7% | 43.1% | ||
| Q2 25 | 41.4% | 41.1% | ||
| Q1 25 | 37.1% | 42.9% | ||
| Q4 24 | 40.0% | 40.3% | ||
| Q3 24 | 38.6% | 40.2% | ||
| Q2 24 | 40.1% | 39.4% | ||
| Q1 24 | 39.0% | 39.3% |
| Q4 25 | 5.6% | 18.4% | ||
| Q3 25 | 4.8% | 20.7% | ||
| Q2 25 | 13.0% | 18.8% | ||
| Q1 25 | 1.7% | 22.2% | ||
| Q4 24 | 8.2% | 19.1% | ||
| Q3 24 | 3.3% | 19.5% | ||
| Q2 24 | 9.5% | 19.2% | ||
| Q1 24 | 6.2% | 18.6% |
| Q4 25 | 4.1% | 14.3% | ||
| Q3 25 | 3.5% | 15.8% | ||
| Q2 25 | 9.8% | 14.5% | ||
| Q1 25 | 1.6% | 17.3% | ||
| Q4 24 | 6.1% | 15.0% | ||
| Q3 24 | 3.1% | 15.4% | ||
| Q2 24 | 7.2% | 15.3% | ||
| Q1 24 | 5.1% | 14.8% |
| Q4 25 | $0.11 | $1.13 | ||
| Q3 25 | $0.09 | $1.19 | ||
| Q2 25 | $0.25 | $1.17 | ||
| Q1 25 | $0.03 | $1.30 | ||
| Q4 24 | $0.15 | $1.04 | ||
| Q3 24 | $0.07 | $1.08 | ||
| Q2 24 | $0.16 | $1.12 | ||
| Q1 24 | $0.11 | $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 | $253.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $713.3M |
| Total Assets | $1.4B | $973.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | — | ||
| Q3 25 | $262.2M | — | ||
| Q2 25 | $234.8M | — | ||
| Q1 25 | $214.4M | — | ||
| Q4 24 | $197.5M | — | ||
| Q3 24 | $177.7M | — | ||
| Q2 24 | $174.2M | — | ||
| Q1 24 | $233.2M | — |
| Q4 25 | $418.2M | $713.3M | ||
| Q3 25 | $400.4M | $702.5M | ||
| Q2 25 | $385.6M | $677.6M | ||
| Q1 25 | $348.8M | $641.7M | ||
| Q4 24 | $343.7M | $606.2M | ||
| Q3 24 | $320.6M | $591.2M | ||
| Q2 24 | $309.3M | $563.1M | ||
| Q1 24 | $285.6M | $535.6M |
| Q4 25 | $1.4B | $973.6M | ||
| Q3 25 | $1.4B | $978.3M | ||
| Q2 25 | $1.3B | $936.4M | ||
| Q1 25 | $1.3B | $899.6M | ||
| Q4 24 | $1.2B | $816.4M | ||
| Q3 24 | $1.2B | $802.9M | ||
| Q2 24 | $1.2B | $781.3M | ||
| Q1 24 | $1.2B | $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 | $9.3M | $54.8M |
| Free Cash FlowOCF − Capex | $-8.8M | $50.8M |
| FCF MarginFCF / Revenue | -2.4% | 21.7% |
| Capex IntensityCapex / Revenue | 5.0% | 1.7% |
| Cash ConversionOCF / Net Profit | 0.62× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $169.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $54.8M | ||
| Q3 25 | $46.1M | $51.3M | ||
| Q2 25 | $34.9M | $44.6M | ||
| Q1 25 | $46.5M | $33.0M | ||
| Q4 24 | $31.7M | $52.1M | ||
| Q3 24 | $31.1M | $45.1M | ||
| Q2 24 | $47.5M | $36.4M | ||
| Q1 24 | $36.8M | $21.5M |
| Q4 25 | $-8.8M | $50.8M | ||
| Q3 25 | $28.0M | $48.2M | ||
| Q2 25 | $20.9M | $40.6M | ||
| Q1 25 | $18.9M | $30.1M | ||
| Q4 24 | $13.0M | $47.4M | ||
| Q3 24 | $4.6M | $42.0M | ||
| Q2 24 | $11.3M | $34.1M | ||
| Q1 24 | $10.9M | $18.8M |
| Q4 25 | -2.4% | 21.7% | ||
| Q3 25 | 8.1% | 21.7% | ||
| Q2 25 | 5.8% | 17.1% | ||
| Q1 25 | 6.1% | 13.5% | ||
| Q4 24 | 3.7% | 23.1% | ||
| Q3 24 | 1.4% | 20.1% | ||
| Q2 24 | 3.6% | 15.7% | ||
| Q1 24 | 3.7% | 9.6% |
| Q4 25 | 5.0% | 1.7% | ||
| Q3 25 | 5.3% | 1.4% | ||
| Q2 25 | 3.9% | 1.7% | ||
| Q1 25 | 8.9% | 1.3% | ||
| Q4 24 | 5.4% | 2.3% | ||
| Q3 24 | 8.3% | 1.5% | ||
| Q2 24 | 11.7% | 1.1% | ||
| Q1 24 | 8.8% | 1.4% |
| Q4 25 | 0.62× | 1.63× | ||
| Q3 25 | 3.77× | 1.46× | ||
| Q2 25 | 1.00× | 1.29× | ||
| Q1 25 | 9.53× | 0.86× | ||
| Q4 24 | 1.49× | 1.70× | ||
| Q3 24 | 3.14× | 1.41× | ||
| Q2 24 | 2.14× | 1.10× | ||
| Q1 24 | 2.44× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
