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Side-by-side financial comparison of BADGER METER INC (BMI) and PROSPERITY BANCSHARES INC (PB). Click either name above to swap in a different company.
PROSPERITY BANCSHARES INC is the larger business by last-quarter revenue ($367.6M vs $234.1M, roughly 1.6× BADGER METER INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs 14.3%, a 17.3% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% CAGR vs 9.2%).
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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
BMI vs PB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $367.6M |
| Net Profit | $33.6M | $116.3M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | — |
| Net Margin | 14.3% | 31.6% |
| Revenue YoY | 14.1% | — |
| Net Profit YoY | 9.3% | -10.7% |
| EPS (diluted) | $1.13 | $1.16 |
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.
| Q1 26 | — | $367.6M | ||
| Q4 25 | $234.1M | $275.0M | ||
| Q3 25 | $222.2M | $273.4M | ||
| Q2 25 | $238.1M | $267.7M | ||
| Q1 25 | $222.2M | $265.4M | ||
| Q4 24 | $205.2M | $267.8M | ||
| Q3 24 | $208.4M | $261.7M | ||
| Q2 24 | $216.7M | $258.8M |
| Q1 26 | — | $116.3M | ||
| Q4 25 | $33.6M | $139.9M | ||
| Q3 25 | $35.1M | $137.6M | ||
| Q2 25 | $34.6M | $135.2M | ||
| Q1 25 | $38.4M | $130.2M | ||
| Q4 24 | $30.7M | $130.1M | ||
| Q3 24 | $32.0M | $127.3M | ||
| Q2 24 | $33.1M | $111.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 18.4% | 65.1% | ||
| Q3 25 | 20.7% | 64.4% | ||
| Q2 25 | 18.8% | 64.3% | ||
| Q1 25 | 22.2% | 62.7% | ||
| Q4 24 | 19.1% | 62.0% | ||
| Q3 24 | 19.5% | 62.1% | ||
| Q2 24 | 19.2% | 55.2% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 14.3% | 50.9% | ||
| Q3 25 | 15.8% | 50.3% | ||
| Q2 25 | 14.5% | 50.5% | ||
| Q1 25 | 17.3% | 49.1% | ||
| Q4 24 | 15.0% | 48.6% | ||
| Q3 24 | 15.4% | 48.6% | ||
| Q2 24 | 15.3% | 43.1% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $1.13 | $1.48 | ||
| Q3 25 | $1.19 | $1.45 | ||
| Q2 25 | $1.17 | $1.42 | ||
| Q1 25 | $1.30 | $1.37 | ||
| Q4 24 | $1.04 | $1.36 | ||
| Q3 24 | $1.08 | $1.34 | ||
| Q2 24 | $1.12 | $1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $8.2B |
| Total Assets | $973.6M | $43.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.2B | ||
| Q4 25 | $713.3M | $7.6B | ||
| Q3 25 | $702.5M | $7.7B | ||
| Q2 25 | $677.6M | $7.6B | ||
| Q1 25 | $641.7M | $7.5B | ||
| Q4 24 | $606.2M | $7.4B | ||
| Q3 24 | $591.2M | $7.4B | ||
| Q2 24 | $563.1M | $7.3B |
| Q1 26 | — | $43.6B | ||
| Q4 25 | $973.6M | $38.5B | ||
| Q3 25 | $978.3M | $38.3B | ||
| Q2 25 | $936.4M | $38.4B | ||
| Q1 25 | $899.6M | $38.8B | ||
| Q4 24 | $816.4M | $39.6B | ||
| Q3 24 | $802.9M | $40.1B | ||
| Q2 24 | $781.3M | $39.8B |
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% | — |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $54.8M | $78.3M | ||
| Q3 25 | $51.3M | $194.8M | ||
| Q2 25 | $44.6M | $98.2M | ||
| Q1 25 | $33.0M | $178.2M | ||
| Q4 24 | $52.1M | $-205.8M | ||
| Q3 24 | $45.1M | $274.6M | ||
| Q2 24 | $36.4M | $216.5M |
| Q1 26 | — | — | ||
| Q4 25 | $50.8M | $68.5M | ||
| Q3 25 | $48.2M | $185.7M | ||
| Q2 25 | $40.6M | $91.8M | ||
| Q1 25 | $30.1M | $171.1M | ||
| Q4 24 | $47.4M | $-210.7M | ||
| Q3 24 | $42.0M | $270.2M | ||
| Q2 24 | $34.1M | $211.8M |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 24.9% | ||
| Q3 25 | 21.7% | 67.9% | ||
| Q2 25 | 17.1% | 34.3% | ||
| Q1 25 | 13.5% | 64.5% | ||
| Q4 24 | 23.1% | -78.7% | ||
| Q3 24 | 20.1% | 103.3% | ||
| Q2 24 | 15.7% | 81.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 3.6% | ||
| Q3 25 | 1.4% | 3.3% | ||
| Q2 25 | 1.7% | 2.4% | ||
| Q1 25 | 1.3% | 2.7% | ||
| Q4 24 | 2.3% | 1.8% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 1.1% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 0.56× | ||
| Q3 25 | 1.46× | 1.42× | ||
| Q2 25 | 1.29× | 0.73× | ||
| Q1 25 | 0.86× | 1.37× | ||
| Q4 24 | 1.70× | -1.58× | ||
| Q3 24 | 1.41× | 2.16× | ||
| Q2 24 | 1.10× | 1.94× |
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% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
