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Side-by-side financial comparison of BADGER METER INC (BMI) and GoPro, Inc. (GPRO). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $201.7M, roughly 1.2× GoPro, Inc.). On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 0.4%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $15.0M). Over the past eight quarters, GoPro, Inc.'s revenue compounded faster (13.9% CAGR vs 9.2%).
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.
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
BMI vs GPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $201.7M |
| Net Profit | $33.6M | — |
| Gross Margin | 39.7% | 31.8% |
| Operating Margin | 18.4% | -4.1% |
| Net Margin | 14.3% | — |
| Revenue YoY | 14.1% | 0.4% |
| Net Profit YoY | 9.3% | — |
| EPS (diluted) | $1.13 | $-0.06 |
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 | $201.7M | ||
| Q3 25 | $222.2M | $162.9M | ||
| Q2 25 | $238.1M | $152.6M | ||
| Q1 25 | $222.2M | $134.3M | ||
| Q4 24 | $205.2M | $200.9M | ||
| Q3 24 | $208.4M | $258.9M | ||
| Q2 24 | $216.7M | $186.2M | ||
| Q1 24 | $196.3M | $155.5M |
| Q4 25 | $33.6M | — | ||
| Q3 25 | $35.1M | $-21.3M | ||
| Q2 25 | $34.6M | $-16.4M | ||
| Q1 25 | $38.4M | $-46.7M | ||
| Q4 24 | $30.7M | — | ||
| Q3 24 | $32.0M | $-8.2M | ||
| Q2 24 | $33.1M | $-47.8M | ||
| Q1 24 | $29.1M | $-339.1M |
| Q4 25 | 39.7% | 31.8% | ||
| Q3 25 | 43.1% | 35.1% | ||
| Q2 25 | 41.1% | 35.8% | ||
| Q1 25 | 42.9% | 32.1% | ||
| Q4 24 | 40.3% | 34.7% | ||
| Q3 24 | 40.2% | 35.5% | ||
| Q2 24 | 39.4% | 30.5% | ||
| Q1 24 | 39.3% | 34.1% |
| Q4 25 | 18.4% | -4.1% | ||
| Q3 25 | 20.7% | -9.8% | ||
| Q2 25 | 18.8% | -9.2% | ||
| Q1 25 | 22.2% | -33.7% | ||
| Q4 24 | 19.1% | -19.5% | ||
| Q3 24 | 19.5% | -3.1% | ||
| Q2 24 | 19.2% | -25.0% | ||
| Q1 24 | 18.6% | -26.6% |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 15.8% | -13.0% | ||
| Q2 25 | 14.5% | -10.8% | ||
| Q1 25 | 17.3% | -34.8% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 15.4% | -3.2% | ||
| Q2 24 | 15.3% | -25.7% | ||
| Q1 24 | 14.8% | -218.1% |
| Q4 25 | $1.13 | $-0.06 | ||
| Q3 25 | $1.19 | $-0.13 | ||
| Q2 25 | $1.17 | $-0.10 | ||
| Q1 25 | $1.30 | $-0.30 | ||
| Q4 24 | $1.04 | $-0.22 | ||
| Q3 24 | $1.08 | $-0.05 | ||
| Q2 24 | $1.12 | $-0.31 | ||
| Q1 24 | $0.99 | $-2.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $49.7M |
| Total DebtLower is stronger | — | $44.3M |
| Stockholders' EquityBook value | $713.3M | $76.5M |
| Total Assets | $973.6M | $428.0M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $49.7M | ||
| Q3 25 | — | $152.8M | ||
| Q2 25 | — | $58.6M | ||
| Q1 25 | — | $69.6M | ||
| Q4 24 | — | $102.8M | ||
| Q3 24 | — | $130.2M | ||
| Q2 24 | — | $133.0M | ||
| Q1 24 | — | $133.7M |
| Q4 25 | — | $44.3M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $93.1M | ||
| Q2 24 | — | $92.9M | ||
| Q1 24 | — | $92.7M |
| Q4 25 | $713.3M | $76.5M | ||
| Q3 25 | $702.5M | $80.5M | ||
| Q2 25 | $677.6M | $97.9M | ||
| Q1 25 | $641.7M | $110.0M | ||
| Q4 24 | $606.2M | $151.7M | ||
| Q3 24 | $591.2M | $183.9M | ||
| Q2 24 | $563.1M | $184.7M | ||
| Q1 24 | $535.6M | $224.9M |
| Q4 25 | $973.6M | $428.0M | ||
| Q3 25 | $978.3M | $538.6M | ||
| Q2 25 | $936.4M | $439.0M | ||
| Q1 25 | $899.6M | $462.5M | ||
| Q4 24 | $816.4M | $543.7M | ||
| Q3 24 | $802.9M | $661.6M | ||
| Q2 24 | $781.3M | $556.8M | ||
| Q1 24 | $743.5M | $575.8M |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.41× |
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 | $15.6M |
| Free Cash FlowOCF − Capex | $50.8M | $15.0M |
| FCF MarginFCF / Revenue | 21.7% | 7.4% |
| Capex IntensityCapex / Revenue | 1.7% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $-24.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $15.6M | ||
| Q3 25 | $51.3M | $12.2M | ||
| Q2 25 | $44.6M | $8.8M | ||
| Q1 25 | $33.0M | $-57.2M | ||
| Q4 24 | $52.1M | $-25.1M | ||
| Q3 24 | $45.1M | $-2.2M | ||
| Q2 24 | $36.4M | $605.0K | ||
| Q1 24 | $21.5M | $-98.4M |
| Q4 25 | $50.8M | $15.0M | ||
| Q3 25 | $48.2M | $11.2M | ||
| Q2 25 | $40.6M | $8.3M | ||
| Q1 25 | $30.1M | $-58.5M | ||
| Q4 24 | $47.4M | $-25.5M | ||
| Q3 24 | $42.0M | $-4.2M | ||
| Q2 24 | $34.1M | $-111.0K | ||
| Q1 24 | $18.8M | $-99.4M |
| Q4 25 | 21.7% | 7.4% | ||
| Q3 25 | 21.7% | 6.9% | ||
| Q2 25 | 17.1% | 5.4% | ||
| Q1 25 | 13.5% | -43.5% | ||
| Q4 24 | 23.1% | -12.7% | ||
| Q3 24 | 20.1% | -1.6% | ||
| Q2 24 | 15.7% | -0.1% | ||
| Q1 24 | 9.6% | -63.9% |
| Q4 25 | 1.7% | 0.3% | ||
| Q3 25 | 1.4% | 0.6% | ||
| Q2 25 | 1.7% | 0.3% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 1.5% | 0.8% | ||
| Q2 24 | 1.1% | 0.4% | ||
| Q1 24 | 1.4% | 0.6% |
| 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% |
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
