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Side-by-side financial comparison of BADGER METER INC (BMI) and Lovesac Co (LOVE). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $150.2M, roughly 1.6× Lovesac Co). BADGER METER INC runs the higher net margin — 14.3% vs -7.0%, a 21.4% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 0.2%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $-10.2M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs -22.6%).
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.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
BMI vs LOVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $150.2M |
| Net Profit | $33.6M | $-10.6M |
| Gross Margin | 39.7% | 56.1% |
| Operating Margin | 18.4% | -10.5% |
| Net Margin | 14.3% | -7.0% |
| Revenue YoY | 14.1% | 0.2% |
| Net Profit YoY | 9.3% | -114.0% |
| EPS (diluted) | $1.13 | $-0.72 |
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 | $150.2M | ||
| Q3 25 | $222.2M | $160.5M | ||
| Q2 25 | $238.1M | $138.4M | ||
| Q1 25 | $222.2M | $241.5M | ||
| Q4 24 | $205.2M | $149.9M | ||
| Q3 24 | $208.4M | $156.6M | ||
| Q2 24 | $216.7M | $132.6M | ||
| Q1 24 | $196.3M | $250.5M |
| Q4 25 | $33.6M | $-10.6M | ||
| Q3 25 | $35.1M | $-6.7M | ||
| Q2 25 | $34.6M | $-10.8M | ||
| Q1 25 | $38.4M | $35.3M | ||
| Q4 24 | $30.7M | $-4.9M | ||
| Q3 24 | $32.0M | $-5.9M | ||
| Q2 24 | $33.1M | $-13.0M | ||
| Q1 24 | $29.1M | $31.0M |
| Q4 25 | 39.7% | 56.1% | ||
| Q3 25 | 43.1% | 56.4% | ||
| Q2 25 | 41.1% | 53.7% | ||
| Q1 25 | 42.9% | 60.4% | ||
| Q4 24 | 40.3% | 58.5% | ||
| Q3 24 | 40.2% | 59.0% | ||
| Q2 24 | 39.4% | 54.3% | ||
| Q1 24 | 39.3% | 59.7% |
| Q4 25 | 18.4% | -10.5% | ||
| Q3 25 | 20.7% | -5.5% | ||
| Q2 25 | 18.8% | -10.8% | ||
| Q1 25 | 22.2% | 19.7% | ||
| Q4 24 | 19.1% | -5.2% | ||
| Q3 24 | 19.5% | -5.3% | ||
| Q2 24 | 19.2% | -13.5% | ||
| Q1 24 | 18.6% | 16.1% |
| Q4 25 | 14.3% | -7.0% | ||
| Q3 25 | 15.8% | -4.1% | ||
| Q2 25 | 14.5% | -7.8% | ||
| Q1 25 | 17.3% | 14.6% | ||
| Q4 24 | 15.0% | -3.3% | ||
| Q3 24 | 15.4% | -3.7% | ||
| Q2 24 | 15.3% | -9.8% | ||
| Q1 24 | 14.8% | 12.4% |
| Q4 25 | $1.13 | $-0.72 | ||
| Q3 25 | $1.19 | $-0.45 | ||
| Q2 25 | $1.17 | $-0.73 | ||
| Q1 25 | $1.30 | $2.22 | ||
| Q4 24 | $1.04 | $-0.32 | ||
| Q3 24 | $1.08 | $-0.38 | ||
| Q2 24 | $1.12 | $-0.83 | ||
| Q1 24 | $0.99 | $1.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $23.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $189.3M |
| Total Assets | $973.6M | $495.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.7M | ||
| Q3 25 | — | $34.2M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $61.7M | ||
| Q3 24 | — | $72.1M | ||
| Q2 24 | — | $72.4M | ||
| Q1 24 | — | $87.0M |
| Q4 25 | $713.3M | $189.3M | ||
| Q3 25 | $702.5M | $197.5M | ||
| Q2 25 | $677.6M | $201.2M | ||
| Q1 25 | $641.7M | $216.4M | ||
| Q4 24 | $606.2M | $196.5M | ||
| Q3 24 | $591.2M | $202.1M | ||
| Q2 24 | $563.1M | $205.3M | ||
| Q1 24 | $535.6M | $217.5M |
| Q4 25 | $973.6M | $495.5M | ||
| Q3 25 | $978.3M | $493.7M | ||
| Q2 25 | $936.4M | $483.7M | ||
| Q1 25 | $899.6M | $532.3M | ||
| Q4 24 | $816.4M | $499.7M | ||
| Q3 24 | $802.9M | $481.1M | ||
| Q2 24 | $781.3M | $477.2M | ||
| Q1 24 | $743.5M | $482.2M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | $50.8M | $-10.2M |
| FCF MarginFCF / Revenue | 21.7% | -6.8% |
| Capex IntensityCapex / Revenue | 1.7% | 3.5% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $-4.9M | ||
| Q3 25 | $51.3M | $12.2M | ||
| Q2 25 | $44.6M | $-41.4M | ||
| Q1 25 | $33.0M | $44.0M | ||
| Q4 24 | $52.1M | $-4.2M | ||
| Q3 24 | $45.1M | $6.2M | ||
| Q2 24 | $36.4M | $-7.0M | ||
| Q1 24 | $21.5M | $56.3M |
| Q4 25 | $50.8M | $-10.2M | ||
| Q3 25 | $48.2M | $7.8M | ||
| Q2 25 | $40.6M | $-50.0M | ||
| Q1 25 | $30.1M | $38.7M | ||
| Q4 24 | $47.4M | $-6.6M | ||
| Q3 24 | $42.0M | $119.0K | ||
| Q2 24 | $34.1M | $-14.3M | ||
| Q1 24 | $18.8M | $49.5M |
| Q4 25 | 21.7% | -6.8% | ||
| Q3 25 | 21.7% | 4.9% | ||
| Q2 25 | 17.1% | -36.1% | ||
| Q1 25 | 13.5% | 16.0% | ||
| Q4 24 | 23.1% | -4.4% | ||
| Q3 24 | 20.1% | 0.1% | ||
| Q2 24 | 15.7% | -10.8% | ||
| Q1 24 | 9.6% | 19.8% |
| Q4 25 | 1.7% | 3.5% | ||
| Q3 25 | 1.4% | 2.7% | ||
| Q2 25 | 1.7% | 6.2% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 2.3% | 1.6% | ||
| Q3 24 | 1.5% | 3.9% | ||
| Q2 24 | 1.1% | 5.5% | ||
| Q1 24 | 1.4% | 2.7% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 0.86× | 1.25× | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 0.74× | 1.82× |
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% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
