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Side-by-side financial comparison of BADGER METER INC (BMI) and COASTAL FINANCIAL CORP (CCB). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $138.0M, roughly 1.7× COASTAL FINANCIAL CORP). On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs -5.8%). COASTAL FINANCIAL CORP produced more free cash flow last quarter ($246.1M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs -3.6%).
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.
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
BMI vs CCB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $138.0M |
| Net Profit | $33.6M | — |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 12.4% |
| Net Margin | 14.3% | — |
| Revenue YoY | 14.1% | -5.8% |
| Net Profit YoY | 9.3% | — |
| EPS (diluted) | $1.13 | $0.84 |
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 | $234.1M | $138.0M | ||
| Q3 25 | $222.2M | $144.7M | ||
| Q2 25 | $238.1M | $119.4M | ||
| Q1 25 | $222.2M | $139.5M | ||
| Q4 24 | $205.2M | $146.5M | ||
| Q3 24 | $208.4M | $151.1M | ||
| Q2 24 | $216.7M | $135.3M | ||
| Q1 24 | $196.3M | $148.4M |
| Q4 25 | $33.6M | — | ||
| Q3 25 | $35.1M | $13.6M | ||
| Q2 25 | $34.6M | $11.0M | ||
| Q1 25 | $38.4M | $9.7M | ||
| Q4 24 | $30.7M | — | ||
| Q3 24 | $32.0M | $13.5M | ||
| Q2 24 | $33.1M | $11.6M | ||
| Q1 24 | $29.1M | $6.8M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 41.1% | — | ||
| Q1 25 | 42.9% | — | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 40.2% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 39.3% | — |
| Q4 25 | 18.4% | 12.4% | ||
| Q3 25 | 20.7% | 12.4% | ||
| Q2 25 | 18.8% | 12.0% | ||
| Q1 25 | 22.2% | 8.4% | ||
| Q4 24 | 19.1% | 11.7% | ||
| Q3 24 | 19.5% | 10.8% | ||
| Q2 24 | 19.2% | 11.1% | ||
| Q1 24 | 18.6% | 5.9% |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 15.8% | 9.4% | ||
| Q2 25 | 14.5% | 9.2% | ||
| Q1 25 | 17.3% | 7.0% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 15.4% | 8.9% | ||
| Q2 24 | 15.3% | 8.6% | ||
| Q1 24 | 14.8% | 4.6% |
| Q4 25 | $1.13 | $0.84 | ||
| Q3 25 | $1.19 | $0.88 | ||
| Q2 25 | $1.17 | $0.71 | ||
| Q1 25 | $1.30 | $0.63 | ||
| Q4 24 | $1.04 | $0.95 | ||
| Q3 24 | $1.08 | $0.97 | ||
| Q2 24 | $1.12 | $0.84 | ||
| Q1 24 | $0.99 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $491.0M |
| Total Assets | $973.6M | $4.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $713.3M | $491.0M | ||
| Q3 25 | $702.5M | $475.3M | ||
| Q2 25 | $677.6M | $461.7M | ||
| Q1 25 | $641.7M | $449.9M | ||
| Q4 24 | $606.2M | $438.7M | ||
| Q3 24 | $591.2M | $331.9M | ||
| Q2 24 | $563.1M | $316.7M | ||
| Q1 24 | $535.6M | $303.7M |
| Q4 25 | $973.6M | $4.7B | ||
| Q3 25 | $978.3M | $4.6B | ||
| Q2 25 | $936.4M | $4.5B | ||
| Q1 25 | $899.6M | $4.3B | ||
| Q4 24 | $816.4M | $4.1B | ||
| Q3 24 | $802.9M | $4.1B | ||
| Q2 24 | $781.3M | $4.0B | ||
| Q1 24 | $743.5M | $3.9B |
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 | $54.8M | $254.6M |
| Free Cash FlowOCF − Capex | $50.8M | $246.1M |
| FCF MarginFCF / Revenue | 21.7% | 178.3% |
| Capex IntensityCapex / Revenue | 1.7% | 6.1% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $436.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $254.6M | ||
| Q3 25 | $51.3M | $59.0M | ||
| Q2 25 | $44.6M | $66.0M | ||
| Q1 25 | $33.0M | $71.7M | ||
| Q4 24 | $52.1M | $259.8M | ||
| Q3 24 | $45.1M | $62.6M | ||
| Q2 24 | $36.4M | $72.1M | ||
| Q1 24 | $21.5M | $56.8M |
| Q4 25 | $50.8M | $246.1M | ||
| Q3 25 | $48.2M | $57.4M | ||
| Q2 25 | $40.6M | $64.0M | ||
| Q1 25 | $30.1M | $68.9M | ||
| Q4 24 | $47.4M | $249.9M | ||
| Q3 24 | $42.0M | $60.2M | ||
| Q2 24 | $34.1M | $69.5M | ||
| Q1 24 | $18.8M | $55.0M |
| Q4 25 | 21.7% | 178.3% | ||
| Q3 25 | 21.7% | 39.7% | ||
| Q2 25 | 17.1% | 53.6% | ||
| Q1 25 | 13.5% | 49.4% | ||
| Q4 24 | 23.1% | 170.6% | ||
| Q3 24 | 20.1% | 39.8% | ||
| Q2 24 | 15.7% | 51.3% | ||
| Q1 24 | 9.6% | 37.1% |
| Q4 25 | 1.7% | 6.1% | ||
| Q3 25 | 1.4% | 1.2% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 2.3% | 6.8% | ||
| Q3 24 | 1.5% | 1.6% | ||
| Q2 24 | 1.1% | 1.9% | ||
| Q1 24 | 1.4% | 1.2% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | 4.34× | ||
| Q2 25 | 1.29× | 5.99× | ||
| Q1 25 | 0.86× | 7.37× | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | 4.65× | ||
| Q2 24 | 1.10× | 6.22× | ||
| Q1 24 | 0.74× | 8.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
CCB
| Other | $74.7M | 54% |
| Baa S Credit Enhancements | $47.3M | 34% |
| Baa S Program Income | $8.4M | 6% |
| Transaction Fees | $4.9M | 4% |
| Servicing And Other Baa S Fees | $1.6M | 1% |
| Baa S Fraud Enhancements | $1.1M | 1% |
