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Side-by-side financial comparison of BADGER METER INC (BMI) and GILAT SATELLITE NETWORKS LTD (GILT). Click either name above to swap in a different company.

BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $152.7M, roughly 1.5× GILAT SATELLITE NETWORKS LTD). BADGER METER INC runs the higher net margin — 14.3% vs 4.1%, a 10.2% gap on every dollar of revenue.

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.

Gilat Satellite Networks Ltd. is an Israeli public company. It provides satellite-based broadband communications technology, its main expertise being the development, manufacture, and marketing of ground-based satellite systems for global communication via satellites.

BMI vs GILT — Head-to-Head

Bigger by revenue
BMI
BMI
1.5× larger
BMI
$234.1M
$152.7M
GILT
Higher net margin
BMI
BMI
10.2% more per $
BMI
14.3%
4.1%
GILT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BMI
BMI
GILT
GILT
Revenue
$234.1M
$152.7M
Net Profit
$33.6M
$6.3M
Gross Margin
39.7%
35.8%
Operating Margin
18.4%
5.4%
Net Margin
14.3%
4.1%
Revenue YoY
14.1%
Net Profit YoY
9.3%
EPS (diluted)
$1.13
$57016808.00

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.

Revenue
BMI
BMI
GILT
GILT
Q4 25
$234.1M
Q3 25
$222.2M
Q2 25
$238.1M
$152.7M
Q1 25
$222.2M
Q4 24
$205.2M
Q3 24
$208.4M
Q2 24
$216.7M
$126.6M
Q1 24
$196.3M
Net Profit
BMI
BMI
GILT
GILT
Q4 25
$33.6M
Q3 25
$35.1M
Q2 25
$34.6M
$6.3M
Q1 25
$38.4M
Q4 24
$30.7M
Q3 24
$32.0M
Q2 24
$33.1M
$9.9M
Q1 24
$29.1M
Gross Margin
BMI
BMI
GILT
GILT
Q4 25
39.7%
Q3 25
43.1%
Q2 25
41.1%
35.8%
Q1 25
42.9%
Q4 24
40.3%
Q3 24
40.2%
Q2 24
39.4%
39.7%
Q1 24
39.3%
Operating Margin
BMI
BMI
GILT
GILT
Q4 25
18.4%
Q3 25
20.7%
Q2 25
18.8%
5.4%
Q1 25
22.2%
Q4 24
19.1%
Q3 24
19.5%
Q2 24
19.2%
9.8%
Q1 24
18.6%
Net Margin
BMI
BMI
GILT
GILT
Q4 25
14.3%
Q3 25
15.8%
Q2 25
14.5%
4.1%
Q1 25
17.3%
Q4 24
15.0%
Q3 24
15.4%
Q2 24
15.3%
7.8%
Q1 24
14.8%
EPS (diluted)
BMI
BMI
GILT
GILT
Q4 25
$1.13
Q3 25
$1.19
Q2 25
$1.17
$57016808.00
Q1 25
$1.30
Q4 24
$1.04
Q3 24
$1.08
Q2 24
$1.12
$56622204.00
Q1 24
$0.99

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BMI
BMI
GILT
GILT
Cash + ST InvestmentsLiquidity on hand
$64.9M
Total DebtLower is stronger
$56.5M
Stockholders' EquityBook value
$713.3M
$315.8M
Total Assets
$973.6M
$575.9M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BMI
BMI
GILT
GILT
Q4 25
Q3 25
Q2 25
$64.9M
Q1 25
Q4 24
Q3 24
Q2 24
$93.7M
Q1 24
Total Debt
BMI
BMI
GILT
GILT
Q4 25
Q3 25
Q2 25
$56.5M
Q1 25
Q4 24
Q3 24
Q2 24
$2.0M
Q1 24
Stockholders' Equity
BMI
BMI
GILT
GILT
Q4 25
$713.3M
Q3 25
$702.5M
Q2 25
$677.6M
$315.8M
Q1 25
$641.7M
Q4 24
$606.2M
Q3 24
$591.2M
Q2 24
$563.1M
$282.8M
Q1 24
$535.6M
Total Assets
BMI
BMI
GILT
GILT
Q4 25
$973.6M
Q3 25
$978.3M
Q2 25
$936.4M
$575.9M
Q1 25
$899.6M
Q4 24
$816.4M
Q3 24
$802.9M
Q2 24
$781.3M
$416.9M
Q1 24
$743.5M
Debt / Equity
BMI
BMI
GILT
GILT
Q4 25
Q3 25
Q2 25
0.18×
Q1 25
Q4 24
Q3 24
Q2 24
0.01×
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
BMI
BMI
GILT
GILT
Operating Cash FlowLast quarter
$54.8M
Free Cash FlowOCF − Capex
$50.8M
FCF MarginFCF / Revenue
21.7%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters
$169.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BMI
BMI
GILT
GILT
Q4 25
$54.8M
Q3 25
$51.3M
Q2 25
$44.6M
Q1 25
$33.0M
Q4 24
$52.1M
Q3 24
$45.1M
Q2 24
$36.4M
$8.2M
Q1 24
$21.5M
Free Cash Flow
BMI
BMI
GILT
GILT
Q4 25
$50.8M
Q3 25
$48.2M
Q2 25
$40.6M
Q1 25
$30.1M
Q4 24
$47.4M
Q3 24
$42.0M
Q2 24
$34.1M
$1.7M
Q1 24
$18.8M
FCF Margin
BMI
BMI
GILT
GILT
Q4 25
21.7%
Q3 25
21.7%
Q2 25
17.1%
Q1 25
13.5%
Q4 24
23.1%
Q3 24
20.1%
Q2 24
15.7%
1.3%
Q1 24
9.6%
Capex Intensity
BMI
BMI
GILT
GILT
Q4 25
1.7%
Q3 25
1.4%
Q2 25
1.7%
Q1 25
1.3%
Q4 24
2.3%
Q3 24
1.5%
Q2 24
1.1%
5.2%
Q1 24
1.4%
Cash Conversion
BMI
BMI
GILT
GILT
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×
0.83×
Q1 24
0.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BMI
BMI

Transferred At Point In Time$198.6M85%
Transferred Over Time$22.1M9%
Other$13.4M6%

GILT
GILT

Segment breakdown not available.

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