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Side-by-side financial comparison of BADGER METER INC (BMI) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $186.1M, roughly 1.3× MOVADO GROUP INC). BADGER METER INC runs the higher net margin — 14.3% vs 5.1%, a 9.2% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 1.9%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $11.6M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 2.9%).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
BMI vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $186.1M |
| Net Profit | $33.6M | $9.6M |
| Gross Margin | 39.7% | 54.3% |
| Operating Margin | 18.4% | 6.3% |
| Net Margin | 14.3% | 5.1% |
| Revenue YoY | 14.1% | 1.9% |
| Net Profit YoY | 9.3% | 89.8% |
| EPS (diluted) | $1.13 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $222.2M | $161.8M | ||
| Q2 25 | $238.1M | $131.8M | ||
| Q1 25 | $222.2M | $181.5M | ||
| Q4 24 | $205.2M | $180.5M | ||
| Q3 24 | $208.4M | $157.0M | ||
| Q2 24 | $216.7M | $134.4M | ||
| Q1 24 | $196.3M | $175.8M |
| Q4 25 | $33.6M | $9.6M | ||
| Q3 25 | $35.1M | $3.0M | ||
| Q2 25 | $34.6M | $1.4M | ||
| Q1 25 | $38.4M | $8.1M | ||
| Q4 24 | $30.7M | $4.8M | ||
| Q3 24 | $32.0M | $3.5M | ||
| Q2 24 | $33.1M | $2.0M | ||
| Q1 24 | $29.1M | $9.8M |
| Q4 25 | 39.7% | 54.3% | ||
| Q3 25 | 43.1% | 54.1% | ||
| Q2 25 | 41.1% | 54.1% | ||
| Q1 25 | 42.9% | 54.2% | ||
| Q4 24 | 40.3% | 53.5% | ||
| Q3 24 | 40.2% | 54.3% | ||
| Q2 24 | 39.4% | 54.3% | ||
| Q1 24 | 39.3% | 53.5% |
| Q4 25 | 18.4% | 6.3% | ||
| Q3 25 | 20.7% | 2.5% | ||
| Q2 25 | 18.8% | 0.2% | ||
| Q1 25 | 22.2% | 5.1% | ||
| Q4 24 | 19.1% | 3.3% | ||
| Q3 24 | 19.5% | 1.7% | ||
| Q2 24 | 19.2% | 1.6% | ||
| Q1 24 | 18.6% | 6.1% |
| Q4 25 | 14.3% | 5.1% | ||
| Q3 25 | 15.8% | 1.8% | ||
| Q2 25 | 14.5% | 1.1% | ||
| Q1 25 | 17.3% | 4.4% | ||
| Q4 24 | 15.0% | 2.7% | ||
| Q3 24 | 15.4% | 2.2% | ||
| Q2 24 | 15.3% | 1.5% | ||
| Q1 24 | 14.8% | 5.6% |
| Q4 25 | $1.13 | $0.42 | ||
| Q3 25 | $1.19 | $0.13 | ||
| Q2 25 | $1.17 | $0.06 | ||
| Q1 25 | $1.30 | $0.36 | ||
| Q4 24 | $1.04 | $0.21 | ||
| Q3 24 | $1.08 | $0.15 | ||
| Q2 24 | $1.12 | $0.09 | ||
| Q1 24 | $0.99 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $497.5M |
| Total Assets | $973.6M | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $183.9M | ||
| Q3 25 | — | $180.5M | ||
| Q2 25 | — | $203.1M | ||
| Q1 25 | — | $208.5M | ||
| Q4 24 | — | $181.5M | ||
| Q3 24 | — | $198.3M | ||
| Q2 24 | — | $225.4M | ||
| Q1 24 | — | $262.1M |
| Q4 25 | $713.3M | $497.5M | ||
| Q3 25 | $702.5M | $489.9M | ||
| Q2 25 | $677.6M | $493.2M | ||
| Q1 25 | $641.7M | $481.3M | ||
| Q4 24 | $606.2M | $491.3M | ||
| Q3 24 | $591.2M | $492.0M | ||
| Q2 24 | $563.1M | $489.6M | ||
| Q1 24 | $535.6M | $505.9M |
| Q4 25 | $973.6M | $751.9M | ||
| Q3 25 | $978.3M | $748.7M | ||
| Q2 25 | $936.4M | $747.2M | ||
| Q1 25 | $899.6M | $729.2M | ||
| Q4 24 | $816.4M | $747.2M | ||
| Q3 24 | $802.9M | $742.5M | ||
| Q2 24 | $781.3M | $736.0M | ||
| Q1 24 | $743.5M | $756.5M |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $50.8M | $11.6M |
| FCF MarginFCF / Revenue | 21.7% | 6.2% |
| Capex IntensityCapex / Revenue | 1.7% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.63× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $12.3M | ||
| Q3 25 | $51.3M | $-3.8M | ||
| Q2 25 | $44.6M | $-7.2M | ||
| Q1 25 | $33.0M | $39.1M | ||
| Q4 24 | $52.1M | $-4.7M | ||
| Q3 24 | $45.1M | $-17.8M | ||
| Q2 24 | $36.4M | $-18.1M | ||
| Q1 24 | $21.5M | $69.4M |
| Q4 25 | $50.8M | $11.6M | ||
| Q3 25 | $48.2M | $-5.1M | ||
| Q2 25 | $40.6M | $-8.7M | ||
| Q1 25 | $30.1M | $37.5M | ||
| Q4 24 | $47.4M | $-7.2M | ||
| Q3 24 | $42.0M | $-20.1M | ||
| Q2 24 | $34.1M | $-19.7M | ||
| Q1 24 | $18.8M | $67.8M |
| Q4 25 | 21.7% | 6.2% | ||
| Q3 25 | 21.7% | -3.1% | ||
| Q2 25 | 17.1% | -6.6% | ||
| Q1 25 | 13.5% | 20.7% | ||
| Q4 24 | 23.1% | -4.0% | ||
| Q3 24 | 20.1% | -12.8% | ||
| Q2 24 | 15.7% | -14.7% | ||
| Q1 24 | 9.6% | 38.6% |
| Q4 25 | 1.7% | 0.4% | ||
| Q3 25 | 1.4% | 0.8% | ||
| Q2 25 | 1.7% | 1.2% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 1.5% | 1.5% | ||
| Q2 24 | 1.1% | 1.2% | ||
| Q1 24 | 1.4% | 0.9% |
| Q4 25 | 1.63× | 1.28× | ||
| Q3 25 | 1.46× | -1.27× | ||
| Q2 25 | 1.29× | -5.08× | ||
| Q1 25 | 0.86× | 4.86× | ||
| Q4 24 | 1.70× | -0.98× | ||
| Q3 24 | 1.41× | -5.14× | ||
| Q2 24 | 1.10× | -8.97× | ||
| Q1 24 | 0.74× | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
