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Side-by-side financial comparison of BADGER METER INC (BMI) and OFG BANCORP (OFG). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $184.3M, roughly 1.3× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs 14.3%, a 16.0% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs 2.8%).
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.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
BMI vs OFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $184.3M |
| Net Profit | $33.6M | $55.9M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 25.7% |
| Net Margin | 14.3% | 30.3% |
| Revenue YoY | 14.1% | 0.9% |
| Net Profit YoY | 9.3% | 11.0% |
| EPS (diluted) | $1.13 | $1.27 |
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 | $184.3M | ||
| Q3 25 | $222.2M | $186.2M | ||
| Q2 25 | $238.1M | $182.4M | ||
| Q1 25 | $222.2M | $178.6M | ||
| Q4 24 | $205.2M | $182.7M | ||
| Q3 24 | $208.4M | $174.7M | ||
| Q2 24 | $216.7M | $179.8M | ||
| Q1 24 | $196.3M | $174.4M |
| Q4 25 | $33.6M | $55.9M | ||
| Q3 25 | $35.1M | $51.8M | ||
| Q2 25 | $34.6M | $51.8M | ||
| Q1 25 | $38.4M | $45.6M | ||
| Q4 24 | $30.7M | $50.3M | ||
| Q3 24 | $32.0M | $47.0M | ||
| Q2 24 | $33.1M | $51.1M | ||
| Q1 24 | $29.1M | $49.7M |
| 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% | 25.7% | ||
| Q3 25 | 20.7% | 33.0% | ||
| Q2 25 | 18.8% | 36.1% | ||
| Q1 25 | 22.2% | 33.3% | ||
| Q4 24 | 19.1% | 28.9% | ||
| Q3 24 | 19.5% | 35.4% | ||
| Q2 24 | 19.2% | 39.6% | ||
| Q1 24 | 18.6% | 38.9% |
| Q4 25 | 14.3% | 30.3% | ||
| Q3 25 | 15.8% | 27.8% | ||
| Q2 25 | 14.5% | 28.4% | ||
| Q1 25 | 17.3% | 25.5% | ||
| Q4 24 | 15.0% | 27.6% | ||
| Q3 24 | 15.4% | 26.9% | ||
| Q2 24 | 15.3% | 28.4% | ||
| Q1 24 | 14.8% | 28.5% |
| Q4 25 | $1.13 | $1.27 | ||
| Q3 25 | $1.19 | $1.16 | ||
| Q2 25 | $1.17 | $1.15 | ||
| Q1 25 | $1.30 | $1.00 | ||
| Q4 24 | $1.04 | $1.10 | ||
| Q3 24 | $1.08 | $1.00 | ||
| Q2 24 | $1.12 | $1.08 | ||
| Q1 24 | $0.99 | $1.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $1.4B |
| Total Assets | $973.6M | $12.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $740.3M | ||
| Q2 25 | — | $851.8M | ||
| Q1 25 | — | $710.6M | ||
| Q4 24 | — | $591.1M | ||
| Q3 24 | — | $680.6M | ||
| Q2 24 | — | $740.4M | ||
| Q1 24 | — | $754.4M |
| Q4 25 | $713.3M | $1.4B | ||
| Q3 25 | $702.5M | $1.4B | ||
| Q2 25 | $677.6M | $1.3B | ||
| Q1 25 | $641.7M | $1.3B | ||
| Q4 24 | $606.2M | $1.3B | ||
| Q3 24 | $591.2M | $1.3B | ||
| Q2 24 | $563.1M | $1.2B | ||
| Q1 24 | $535.6M | $1.2B |
| Q4 25 | $973.6M | $12.5B | ||
| Q3 25 | $978.3M | $12.2B | ||
| Q2 25 | $936.4M | $12.2B | ||
| Q1 25 | $899.6M | $11.7B | ||
| Q4 24 | $816.4M | $11.5B | ||
| Q3 24 | $802.9M | $11.5B | ||
| Q2 24 | $781.3M | $11.3B | ||
| Q1 24 | $743.5M | $11.2B |
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 | $217.7M |
| Free Cash FlowOCF − Capex | $50.8M | $199.3M |
| FCF MarginFCF / Revenue | 21.7% | 108.1% |
| Capex IntensityCapex / Revenue | 1.7% | 10.0% |
| Cash ConversionOCF / Net Profit | 1.63× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $217.7M | ||
| Q3 25 | $51.3M | $39.5M | ||
| Q2 25 | $44.6M | $35.9M | ||
| Q1 25 | $33.0M | $83.1M | ||
| Q4 24 | $52.1M | $252.5M | ||
| Q3 24 | $45.1M | $58.1M | ||
| Q2 24 | $36.4M | $95.1M | ||
| Q1 24 | $21.5M | $61.0M |
| Q4 25 | $50.8M | $199.3M | ||
| Q3 25 | $48.2M | $35.5M | ||
| Q2 25 | $40.6M | $31.8M | ||
| Q1 25 | $30.1M | $78.7M | ||
| Q4 24 | $47.4M | $231.2M | ||
| Q3 24 | $42.0M | $51.8M | ||
| Q2 24 | $34.1M | $90.4M | ||
| Q1 24 | $18.8M | $54.8M |
| Q4 25 | 21.7% | 108.1% | ||
| Q3 25 | 21.7% | 19.1% | ||
| Q2 25 | 17.1% | 17.4% | ||
| Q1 25 | 13.5% | 44.1% | ||
| Q4 24 | 23.1% | 126.5% | ||
| Q3 24 | 20.1% | 29.6% | ||
| Q2 24 | 15.7% | 50.3% | ||
| Q1 24 | 9.6% | 31.4% |
| Q4 25 | 1.7% | 10.0% | ||
| Q3 25 | 1.4% | 2.1% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | 1.3% | 2.4% | ||
| Q4 24 | 2.3% | 11.7% | ||
| Q3 24 | 1.5% | 3.6% | ||
| Q2 24 | 1.1% | 2.6% | ||
| Q1 24 | 1.4% | 3.5% |
| Q4 25 | 1.63× | 3.90× | ||
| Q3 25 | 1.46× | 0.76× | ||
| Q2 25 | 1.29× | 0.69× | ||
| Q1 25 | 0.86× | 1.82× | ||
| Q4 24 | 1.70× | 5.02× | ||
| Q3 24 | 1.41× | 1.24× | ||
| Q2 24 | 1.10× | 1.86× | ||
| Q1 24 | 0.74× | 1.23× |
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% |
OFG
Segment breakdown not available.
