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Side-by-side financial comparison of BADGER METER INC (BMI) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $120.4M, roughly 1.9× Hippo Holdings Inc.). BADGER METER INC runs the higher net margin — 14.3% vs 5.0%, a 9.4% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 14.1%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% 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.
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
BMI vs HIPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $120.4M |
| Net Profit | $33.6M | $6.0M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 5.6% |
| Net Margin | 14.3% | 5.0% |
| Revenue YoY | 14.1% | 18.2% |
| Net Profit YoY | 9.3% | -86.4% |
| EPS (diluted) | $1.13 | $0.31 |
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 | $120.4M | ||
| Q3 25 | $222.2M | $120.6M | ||
| Q2 25 | $238.1M | $117.3M | ||
| Q1 25 | $222.2M | $110.3M | ||
| Q4 24 | $205.2M | $101.9M | ||
| Q3 24 | $208.4M | $95.5M | ||
| Q2 24 | $216.7M | $89.6M | ||
| Q1 24 | $196.3M | $85.1M |
| Q4 25 | $33.6M | $6.0M | ||
| Q3 25 | $35.1M | $98.1M | ||
| Q2 25 | $34.6M | $1.3M | ||
| Q1 25 | $38.4M | $-47.7M | ||
| Q4 24 | $30.7M | $44.2M | ||
| Q3 24 | $32.0M | $-8.5M | ||
| Q2 24 | $33.1M | $-40.5M | ||
| Q1 24 | $29.1M | $-35.7M |
| 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% | 5.6% | ||
| Q3 25 | 20.7% | 81.3% | ||
| Q2 25 | 18.8% | 3.4% | ||
| Q1 25 | 22.2% | -41.3% | ||
| Q4 24 | 19.1% | 46.3% | ||
| Q3 24 | 19.5% | -5.4% | ||
| Q2 24 | 19.2% | -40.7% | ||
| Q1 24 | 18.6% | -38.7% |
| Q4 25 | 14.3% | 5.0% | ||
| Q3 25 | 15.8% | 81.3% | ||
| Q2 25 | 14.5% | 1.1% | ||
| Q1 25 | 17.3% | -43.2% | ||
| Q4 24 | 15.0% | 43.4% | ||
| Q3 24 | 15.4% | -8.9% | ||
| Q2 24 | 15.3% | -45.2% | ||
| Q1 24 | 14.8% | -42.0% |
| Q4 25 | $1.13 | $0.31 | ||
| Q3 25 | $1.19 | $3.77 | ||
| Q2 25 | $1.17 | $0.05 | ||
| Q1 25 | $1.30 | $-1.91 | ||
| Q4 24 | $1.04 | $1.81 | ||
| Q3 24 | $1.08 | $-0.34 | ||
| Q2 24 | $1.12 | $-1.64 | ||
| Q1 24 | $0.99 | $-1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $218.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $436.1M |
| Total Assets | $973.6M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $218.3M | ||
| Q3 25 | — | $247.7M | ||
| Q2 25 | — | $198.9M | ||
| Q1 25 | — | $140.9M | ||
| Q4 24 | — | $197.6M | ||
| Q3 24 | — | $191.2M | ||
| Q2 24 | — | $175.9M | ||
| Q1 24 | — | $223.4M |
| Q4 25 | $713.3M | $436.1M | ||
| Q3 25 | $702.5M | $421.5M | ||
| Q2 25 | $677.6M | $332.5M | ||
| Q1 25 | $641.7M | $322.8M | ||
| Q4 24 | $606.2M | $362.1M | ||
| Q3 24 | $591.2M | $326.4M | ||
| Q2 24 | $563.1M | $322.6M | ||
| Q1 24 | $535.6M | $351.2M |
| Q4 25 | $973.6M | $1.9B | ||
| Q3 25 | $978.3M | $1.9B | ||
| Q2 25 | $936.4M | $1.7B | ||
| Q1 25 | $899.6M | $1.5B | ||
| Q4 24 | $816.4M | $1.5B | ||
| Q3 24 | $802.9M | $1.5B | ||
| Q2 24 | $781.3M | $1.5B | ||
| Q1 24 | $743.5M | $1.5B |
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 | $9.2M |
| Free Cash FlowOCF − Capex | $50.8M | $9.1M |
| FCF MarginFCF / Revenue | 21.7% | 7.6% |
| Capex IntensityCapex / Revenue | 1.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.63× | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $14.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $9.2M | ||
| Q3 25 | $51.3M | $16.9M | ||
| Q2 25 | $44.6M | $24.7M | ||
| Q1 25 | $33.0M | $-35.6M | ||
| Q4 24 | $52.1M | $47.5M | ||
| Q3 24 | $45.1M | $46.8M | ||
| Q2 24 | $36.4M | $-10.6M | ||
| Q1 24 | $21.5M | $17.7M |
| Q4 25 | $50.8M | $9.1M | ||
| Q3 25 | $48.2M | $16.8M | ||
| Q2 25 | $40.6M | $24.6M | ||
| Q1 25 | $30.1M | $-35.7M | ||
| Q4 24 | $47.4M | $47.2M | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $34.1M | $-10.7M | ||
| Q1 24 | $18.8M | $17.6M |
| Q4 25 | 21.7% | 7.6% | ||
| Q3 25 | 21.7% | 13.9% | ||
| Q2 25 | 17.1% | 21.0% | ||
| Q1 25 | 13.5% | -32.4% | ||
| Q4 24 | 23.1% | 46.3% | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 15.7% | -11.9% | ||
| Q1 24 | 9.6% | 20.7% |
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 2.3% | 0.3% | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 1.4% | 0.1% |
| Q4 25 | 1.63× | 1.53× | ||
| Q3 25 | 1.46× | 0.17× | ||
| Q2 25 | 1.29× | 19.00× | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | 1.07× | ||
| 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% |
HIPO
Segment breakdown not available.
