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Side-by-side financial comparison of BADGER METER INC (BMI) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $234.1M, roughly 1.3× BADGER METER INC). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 14.3%, a 13.8% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 5.9%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
BMI vs LOPE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $308.1M |
| Net Profit | $33.6M | $86.7M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 35.1% |
| Net Margin | 14.3% | 28.1% |
| Revenue YoY | 14.1% | 5.3% |
| Net Profit YoY | 9.3% | 5.9% |
| EPS (diluted) | $1.13 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $222.2M | $261.1M | ||
| Q2 25 | $238.1M | $247.5M | ||
| Q1 25 | $222.2M | $289.3M | ||
| Q4 24 | $205.2M | $292.6M | ||
| Q3 24 | $208.4M | $238.3M | ||
| Q2 24 | $216.7M | $227.5M | ||
| Q1 24 | $196.3M | $274.7M |
| Q4 25 | $33.6M | $86.7M | ||
| Q3 25 | $35.1M | $16.3M | ||
| Q2 25 | $34.6M | $41.5M | ||
| Q1 25 | $38.4M | $71.6M | ||
| Q4 24 | $30.7M | $81.9M | ||
| Q3 24 | $32.0M | $41.5M | ||
| Q2 24 | $33.1M | $34.9M | ||
| Q1 24 | $29.1M | $68.0M |
| 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% | 35.1% | ||
| Q3 25 | 20.7% | 6.9% | ||
| Q2 25 | 18.8% | 20.9% | ||
| Q1 25 | 22.2% | 30.4% | ||
| Q4 24 | 19.1% | 34.2% | ||
| Q3 24 | 19.5% | 20.2% | ||
| Q2 24 | 19.2% | 18.8% | ||
| Q1 24 | 18.6% | 30.8% |
| Q4 25 | 14.3% | 28.1% | ||
| Q3 25 | 15.8% | 6.2% | ||
| Q2 25 | 14.5% | 16.8% | ||
| Q1 25 | 17.3% | 24.8% | ||
| Q4 24 | 15.0% | 28.0% | ||
| Q3 24 | 15.4% | 17.4% | ||
| Q2 24 | 15.3% | 15.3% | ||
| Q1 24 | 14.8% | 24.8% |
| Q4 25 | $1.13 | $3.13 | ||
| Q3 25 | $1.19 | $0.58 | ||
| Q2 25 | $1.17 | $1.48 | ||
| Q1 25 | $1.30 | $2.52 | ||
| Q4 24 | $1.04 | $2.83 | ||
| Q3 24 | $1.08 | $1.42 | ||
| Q2 24 | $1.12 | $1.19 | ||
| Q1 24 | $0.99 | $2.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $746.9M |
| Total Assets | $973.6M | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $111.8M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $192.3M | ||
| Q1 25 | — | $144.5M | ||
| Q4 24 | — | $324.6M | ||
| Q3 24 | — | $263.6M | ||
| Q2 24 | — | $241.3M | ||
| Q1 24 | — | $196.2M |
| Q4 25 | $713.3M | $746.9M | ||
| Q3 25 | $702.5M | $758.0M | ||
| Q2 25 | $677.6M | $778.0M | ||
| Q1 25 | $641.7M | $780.7M | ||
| Q4 24 | $606.2M | $783.9M | ||
| Q3 24 | $591.2M | $764.1M | ||
| Q2 24 | $563.1M | $759.2M | ||
| Q1 24 | $535.6M | $759.4M |
| Q4 25 | $973.6M | $992.3M | ||
| Q3 25 | $978.3M | $1.0B | ||
| Q2 25 | $936.4M | $1.0B | ||
| Q1 25 | $899.6M | $1.0B | ||
| Q4 24 | $816.4M | $1.0B | ||
| Q3 24 | $802.9M | $992.9M | ||
| Q2 24 | $781.3M | $992.7M | ||
| Q1 24 | $743.5M | $1.0B |
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 | $130.5M |
| Free Cash FlowOCF − Capex | $50.8M | $122.9M |
| FCF MarginFCF / Revenue | 21.7% | 39.9% |
| Capex IntensityCapex / Revenue | 1.7% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.63× | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $130.5M | ||
| Q3 25 | $51.3M | $-48.6M | ||
| Q2 25 | $44.6M | $124.0M | ||
| Q1 25 | $33.0M | $67.6M | ||
| Q4 24 | $52.1M | $135.8M | ||
| Q3 24 | $45.1M | $-29.4M | ||
| Q2 24 | $36.4M | $98.6M | ||
| Q1 24 | $21.5M | $85.0M |
| Q4 25 | $50.8M | $122.9M | ||
| Q3 25 | $48.2M | $-58.3M | ||
| Q2 25 | $40.6M | $115.4M | ||
| Q1 25 | $30.1M | $58.7M | ||
| Q4 24 | $47.4M | $126.1M | ||
| Q3 24 | $42.0M | $-39.0M | ||
| Q2 24 | $34.1M | $89.6M | ||
| Q1 24 | $18.8M | $76.0M |
| Q4 25 | 21.7% | 39.9% | ||
| Q3 25 | 21.7% | -22.3% | ||
| Q2 25 | 17.1% | 46.6% | ||
| Q1 25 | 13.5% | 20.3% | ||
| Q4 24 | 23.1% | 43.1% | ||
| Q3 24 | 20.1% | -16.3% | ||
| Q2 24 | 15.7% | 39.4% | ||
| Q1 24 | 9.6% | 27.7% |
| Q4 25 | 1.7% | 2.5% | ||
| Q3 25 | 1.4% | 3.7% | ||
| Q2 25 | 1.7% | 3.5% | ||
| Q1 25 | 1.3% | 3.1% | ||
| Q4 24 | 2.3% | 3.3% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 1.1% | 3.9% | ||
| Q1 24 | 1.4% | 3.3% |
| Q4 25 | 1.63× | 1.50× | ||
| Q3 25 | 1.46× | -2.99× | ||
| Q2 25 | 1.29× | 2.98× | ||
| Q1 25 | 0.86× | 0.94× | ||
| Q4 24 | 1.70× | 1.66× | ||
| Q3 24 | 1.41× | -0.71× | ||
| Q2 24 | 1.10× | 2.83× | ||
| Q1 24 | 0.74× | 1.25× |
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% |
LOPE
Segment breakdown not available.
