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Side-by-side financial comparison of BADGER METER INC (BMI) and DIVERSIFIED HEALTHCARE TRUST (DHC). Click either name above to swap in a different company.
DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $234.1M, roughly 1.6× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs -5.6%, a 19.9% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs -0.0%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $-166.4M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 1.2%).
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.
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
BMI vs DHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $379.6M |
| Net Profit | $33.6M | $-21.2M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | -12.6% |
| Net Margin | 14.3% | -5.6% |
| Revenue YoY | 14.1% | -0.0% |
| Net Profit YoY | 9.3% | 75.7% |
| EPS (diluted) | $1.13 | $-0.09 |
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 | $379.6M | ||
| Q3 25 | $222.2M | $388.7M | ||
| Q2 25 | $238.1M | $382.7M | ||
| Q1 25 | $222.2M | $386.9M | ||
| Q4 24 | $205.2M | $379.6M | ||
| Q3 24 | $208.4M | $373.6M | ||
| Q2 24 | $216.7M | $371.4M | ||
| Q1 24 | $196.3M | $370.8M |
| Q4 25 | $33.6M | $-21.2M | ||
| Q3 25 | $35.1M | $-164.0M | ||
| Q2 25 | $34.6M | $-91.6M | ||
| Q1 25 | $38.4M | $-9.0M | ||
| Q4 24 | $30.7M | $-87.4M | ||
| Q3 24 | $32.0M | $-98.7M | ||
| Q2 24 | $33.1M | $-97.9M | ||
| Q1 24 | $29.1M | $-86.3M |
| 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% | -12.6% | ||
| Q3 25 | 20.7% | -43.4% | ||
| Q2 25 | 18.8% | -24.5% | ||
| Q1 25 | 22.2% | -2.7% | ||
| Q4 24 | 19.1% | -26.1% | ||
| Q3 24 | 19.5% | -26.5% | ||
| Q2 24 | 19.2% | -23.0% | ||
| Q1 24 | 18.6% | -23.7% |
| Q4 25 | 14.3% | -5.6% | ||
| Q3 25 | 15.8% | -42.2% | ||
| Q2 25 | 14.5% | -23.9% | ||
| Q1 25 | 17.3% | -2.3% | ||
| Q4 24 | 15.0% | -23.0% | ||
| Q3 24 | 15.4% | -26.4% | ||
| Q2 24 | 15.3% | -26.3% | ||
| Q1 24 | 14.8% | -23.3% |
| Q4 25 | $1.13 | $-0.09 | ||
| Q3 25 | $1.19 | $-0.68 | ||
| Q2 25 | $1.17 | $-0.38 | ||
| Q1 25 | $1.30 | $-0.04 | ||
| Q4 24 | $1.04 | $-0.37 | ||
| Q3 24 | $1.08 | $-0.41 | ||
| Q2 24 | $1.12 | $-0.41 | ||
| Q1 24 | $0.99 | $-0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $105.4M |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $713.3M | $1.7B |
| Total Assets | $973.6M | $4.4B |
| Debt / EquityLower = less leverage | — | 1.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $105.4M | ||
| Q3 25 | — | $201.4M | ||
| Q2 25 | — | $141.8M | ||
| Q1 25 | — | $302.6M | ||
| Q4 24 | — | $144.6M | ||
| Q3 24 | — | $256.5M | ||
| Q2 24 | — | $265.6M | ||
| Q1 24 | — | $207.1M |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $713.3M | $1.7B | ||
| Q3 25 | $702.5M | $1.7B | ||
| Q2 25 | $677.6M | $1.9B | ||
| Q1 25 | $641.7M | $1.9B | ||
| Q4 24 | $606.2M | $2.0B | ||
| Q3 24 | $591.2M | $2.0B | ||
| Q2 24 | $563.1M | $2.1B | ||
| Q1 24 | $535.6M | $2.2B |
| Q4 25 | $973.6M | $4.4B | ||
| Q3 25 | $978.3M | $4.7B | ||
| Q2 25 | $936.4M | $4.8B | ||
| Q1 25 | $899.6M | $5.0B | ||
| Q4 24 | $816.4M | $5.1B | ||
| Q3 24 | $802.9M | $5.3B | ||
| Q2 24 | $781.3M | $5.3B | ||
| Q1 24 | $743.5M | $5.3B |
| Q4 25 | — | 1.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.56× | ||
| 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 | $54.8M | $-19.6M |
| Free Cash FlowOCF − Capex | $50.8M | $-166.4M |
| FCF MarginFCF / Revenue | 21.7% | -43.8% |
| Capex IntensityCapex / Revenue | 1.7% | 38.7% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $-280.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $-19.6M | ||
| Q3 25 | $51.3M | $-49.3M | ||
| Q2 25 | $44.6M | $53.0M | ||
| Q1 25 | $33.0M | $-3.2M | ||
| Q4 24 | $52.1M | $112.2M | ||
| Q3 24 | $45.1M | $21.1M | ||
| Q2 24 | $36.4M | $44.3M | ||
| Q1 24 | $21.5M | $28.6M |
| Q4 25 | $50.8M | $-166.4M | ||
| Q3 25 | $48.2M | $-89.8M | ||
| Q2 25 | $40.6M | $18.8M | ||
| Q1 25 | $30.1M | $-42.9M | ||
| Q4 24 | $47.4M | $-89.5M | ||
| Q3 24 | $42.0M | $-26.1M | ||
| Q2 24 | $34.1M | $3.3M | ||
| Q1 24 | $18.8M | $-18.1M |
| Q4 25 | 21.7% | -43.8% | ||
| Q3 25 | 21.7% | -23.1% | ||
| Q2 25 | 17.1% | 4.9% | ||
| Q1 25 | 13.5% | -11.1% | ||
| Q4 24 | 23.1% | -23.6% | ||
| Q3 24 | 20.1% | -7.0% | ||
| Q2 24 | 15.7% | 0.9% | ||
| Q1 24 | 9.6% | -4.9% |
| Q4 25 | 1.7% | 38.7% | ||
| Q3 25 | 1.4% | 10.4% | ||
| Q2 25 | 1.7% | 8.9% | ||
| Q1 25 | 1.3% | 10.2% | ||
| Q4 24 | 2.3% | 53.1% | ||
| Q3 24 | 1.5% | 12.6% | ||
| Q2 24 | 1.1% | 11.0% | ||
| Q1 24 | 1.4% | 12.6% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 0.74× | — |
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% |
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
