vs
Side-by-side financial comparison of BADGER METER INC (BMI) and Enpro Inc. (NPO). Click either name above to swap in a different company.
Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $234.1M, roughly 1.3× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs -10.8%, a 25.2% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 14.1%). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 7.1%).
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.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
BMI vs NPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $295.4M |
| Net Profit | $33.6M | $-32.0M |
| Gross Margin | 39.7% | 42.1% |
| Operating Margin | 18.4% | 11.2% |
| Net Margin | 14.3% | -10.8% |
| Revenue YoY | 14.1% | 14.3% |
| Net Profit YoY | 9.3% | -330.2% |
| EPS (diluted) | $1.13 | $-1.50 |
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 | $295.4M | ||
| Q3 25 | $222.2M | $286.6M | ||
| Q2 25 | $238.1M | $288.1M | ||
| Q1 25 | $222.2M | $273.2M | ||
| Q4 24 | $205.2M | $258.4M | ||
| Q3 24 | $208.4M | $260.9M | ||
| Q2 24 | $216.7M | $271.9M | ||
| Q1 24 | $196.3M | $257.5M |
| Q4 25 | $33.6M | $-32.0M | ||
| Q3 25 | $35.1M | $21.6M | ||
| Q2 25 | $34.6M | $26.4M | ||
| Q1 25 | $38.4M | $24.5M | ||
| Q4 24 | $30.7M | $13.9M | ||
| Q3 24 | $32.0M | $19.8M | ||
| Q2 24 | $33.1M | $26.7M | ||
| Q1 24 | $29.1M | $12.5M |
| Q4 25 | 39.7% | 42.1% | ||
| Q3 25 | 43.1% | 41.9% | ||
| Q2 25 | 41.1% | 43.3% | ||
| Q1 25 | 42.9% | 43.3% | ||
| Q4 24 | 40.3% | 42.3% | ||
| Q3 24 | 40.2% | 42.3% | ||
| Q2 24 | 39.4% | 43.8% | ||
| Q1 24 | 39.3% | 41.2% |
| Q4 25 | 18.4% | 11.2% | ||
| Q3 25 | 20.7% | 14.3% | ||
| Q2 25 | 18.8% | 15.9% | ||
| Q1 25 | 22.2% | 15.3% | ||
| Q4 24 | 19.1% | 12.5% | ||
| Q3 24 | 19.5% | 13.1% | ||
| Q2 24 | 19.2% | 17.7% | ||
| Q1 24 | 18.6% | 10.9% |
| Q4 25 | 14.3% | -10.8% | ||
| Q3 25 | 15.8% | 7.5% | ||
| Q2 25 | 14.5% | 9.2% | ||
| Q1 25 | 17.3% | 9.0% | ||
| Q4 24 | 15.0% | 5.4% | ||
| Q3 24 | 15.4% | 7.6% | ||
| Q2 24 | 15.3% | 9.8% | ||
| Q1 24 | 14.8% | 4.9% |
| Q4 25 | $1.13 | $-1.50 | ||
| Q3 25 | $1.19 | $1.01 | ||
| Q2 25 | $1.17 | $1.25 | ||
| Q1 25 | $1.30 | $1.15 | ||
| Q4 24 | $1.04 | $0.65 | ||
| Q3 24 | $1.08 | $0.94 | ||
| Q2 24 | $1.12 | $1.27 | ||
| Q1 24 | $0.99 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $114.7M |
| Total DebtLower is stronger | — | $655.3M |
| Stockholders' EquityBook value | $713.3M | $1.5B |
| Total Assets | $973.6M | $2.7B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $114.7M | ||
| Q3 25 | — | $132.9M | ||
| Q2 25 | — | $107.1M | ||
| Q1 25 | — | $240.3M | ||
| Q4 24 | — | $236.3M | ||
| Q3 24 | — | $206.9M | ||
| Q2 24 | — | $175.9M | ||
| Q1 24 | — | $163.9M |
| Q4 25 | — | $655.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $640.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $644.9M |
| Q4 25 | $713.3M | $1.5B | ||
| Q3 25 | $702.5M | $1.5B | ||
| Q2 25 | $677.6M | $1.5B | ||
| Q1 25 | $641.7M | $1.5B | ||
| Q4 24 | $606.2M | $1.4B | ||
| Q3 24 | $591.2M | $1.5B | ||
| Q2 24 | $563.1M | $1.4B | ||
| Q1 24 | $535.6M | $1.4B |
| Q4 25 | $973.6M | $2.7B | ||
| Q3 25 | $978.3M | $2.4B | ||
| Q2 25 | $936.4M | $2.4B | ||
| Q1 25 | $899.6M | $2.5B | ||
| Q4 24 | $816.4M | $2.5B | ||
| Q3 24 | $802.9M | $2.5B | ||
| Q2 24 | $781.3M | $2.5B | ||
| Q1 24 | $743.5M | $2.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.46× |
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 | — |
| Free Cash FlowOCF − Capex | $50.8M | — |
| FCF MarginFCF / Revenue | 21.7% | — |
| Capex IntensityCapex / Revenue | 1.7% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | — | ||
| Q3 25 | $51.3M | $65.3M | ||
| Q2 25 | $44.6M | $52.2M | ||
| Q1 25 | $33.0M | $21.0M | ||
| Q4 24 | $52.1M | $59.4M | ||
| Q3 24 | $45.1M | $54.0M | ||
| Q2 24 | $36.4M | $43.2M | ||
| Q1 24 | $21.5M | $6.3M |
| Q4 25 | $50.8M | — | ||
| Q3 25 | $48.2M | $53.4M | ||
| Q2 25 | $40.6M | $42.3M | ||
| Q1 25 | $30.1M | $13.0M | ||
| Q4 24 | $47.4M | $49.1M | ||
| Q3 24 | $42.0M | $48.3M | ||
| Q2 24 | $34.1M | $38.3M | ||
| Q1 24 | $18.8M | $-1.9M |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 21.7% | 18.6% | ||
| Q2 25 | 17.1% | 14.7% | ||
| Q1 25 | 13.5% | 4.8% | ||
| Q4 24 | 23.1% | 19.0% | ||
| Q3 24 | 20.1% | 18.5% | ||
| Q2 24 | 15.7% | 14.1% | ||
| Q1 24 | 9.6% | -0.7% |
| Q4 25 | 1.7% | 4.1% | ||
| Q3 25 | 1.4% | 4.2% | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 1.3% | 2.9% | ||
| Q4 24 | 2.3% | 4.0% | ||
| Q3 24 | 1.5% | 2.2% | ||
| Q2 24 | 1.1% | 1.8% | ||
| Q1 24 | 1.4% | 3.2% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | 3.02× | ||
| Q2 25 | 1.29× | 1.98× | ||
| Q1 25 | 0.86× | 0.86× | ||
| Q4 24 | 1.70× | 4.27× | ||
| Q3 24 | 1.41× | 2.73× | ||
| Q2 24 | 1.10× | 1.62× | ||
| Q1 24 | 0.74× | 0.50× |
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% |
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
