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Side-by-side financial comparison of BADGER METER INC (BMI) and POTLATCHDELTIC CORP (PCH). Click either name above to swap in a different company.
POTLATCHDELTIC CORP is the larger business by last-quarter revenue ($314.2M vs $234.1M, roughly 1.3× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs 8.2%, a 6.1% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 14.1%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $50.1M). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% 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.
POTLATCHDELTIC CORPPCHEarnings & Financial Report
PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.
BMI vs PCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $314.2M |
| Net Profit | $33.6M | $25.9M |
| Gross Margin | 39.7% | 18.2% |
| Operating Margin | 18.4% | 11.2% |
| Net Margin | 14.3% | 8.2% |
| Revenue YoY | 14.1% | 23.1% |
| Net Profit YoY | 9.3% | 682.5% |
| EPS (diluted) | $1.13 | $0.33 |
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 | — | ||
| Q3 25 | $222.2M | $314.2M | ||
| Q2 25 | $238.1M | $275.0M | ||
| Q1 25 | $222.2M | $268.3M | ||
| Q4 24 | $205.2M | $258.1M | ||
| Q3 24 | $208.4M | $255.1M | ||
| Q2 24 | $216.7M | $320.7M | ||
| Q1 24 | $196.3M | $228.1M |
| Q4 25 | $33.6M | — | ||
| Q3 25 | $35.1M | $25.9M | ||
| Q2 25 | $34.6M | $7.4M | ||
| Q1 25 | $38.4M | $25.8M | ||
| Q4 24 | $30.7M | $5.2M | ||
| Q3 24 | $32.0M | $3.3M | ||
| Q2 24 | $33.1M | $13.7M | ||
| Q1 24 | $29.1M | $-305.0K |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.1% | 18.2% | ||
| Q2 25 | 41.1% | 13.0% | ||
| Q1 25 | 42.9% | 17.8% | ||
| Q4 24 | 40.3% | 13.4% | ||
| Q3 24 | 40.2% | 10.8% | ||
| Q2 24 | 39.4% | 11.9% | ||
| Q1 24 | 39.3% | 7.0% |
| Q4 25 | 18.4% | — | ||
| Q3 25 | 20.7% | 11.2% | ||
| Q2 25 | 18.8% | 5.0% | ||
| Q1 25 | 22.2% | 10.3% | ||
| Q4 24 | 19.1% | 5.2% | ||
| Q3 24 | 19.5% | 2.8% | ||
| Q2 24 | 19.2% | 5.4% | ||
| Q1 24 | 18.6% | -2.1% |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 15.8% | 8.2% | ||
| Q2 25 | 14.5% | 2.7% | ||
| Q1 25 | 17.3% | 9.6% | ||
| Q4 24 | 15.0% | 2.0% | ||
| Q3 24 | 15.4% | 1.3% | ||
| Q2 24 | 15.3% | 4.3% | ||
| Q1 24 | 14.8% | -0.1% |
| Q4 25 | $1.13 | — | ||
| Q3 25 | $1.19 | $0.33 | ||
| Q2 25 | $1.17 | $0.09 | ||
| Q1 25 | $1.30 | $0.33 | ||
| Q4 24 | $1.04 | $0.07 | ||
| Q3 24 | $1.08 | $0.04 | ||
| Q2 24 | $1.12 | $0.17 | ||
| Q1 24 | $0.99 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $88.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $1.9B |
| Total Assets | $973.6M | $3.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $88.8M | ||
| Q2 25 | — | $95.3M | ||
| Q1 25 | — | $147.5M | ||
| Q4 24 | — | $151.6M | ||
| Q3 24 | — | $161.1M | ||
| Q2 24 | — | $199.7M | ||
| Q1 24 | — | $180.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $713.3M | — | ||
| Q3 25 | $702.5M | $1.9B | ||
| Q2 25 | $677.6M | $1.9B | ||
| Q1 25 | $641.7M | $2.0B | ||
| Q4 24 | $606.2M | $2.0B | ||
| Q3 24 | $591.2M | $2.1B | ||
| Q2 24 | $563.1M | $2.1B | ||
| Q1 24 | $535.6M | $2.2B |
| Q4 25 | $973.6M | — | ||
| Q3 25 | $978.3M | $3.2B | ||
| Q2 25 | $936.4M | $3.2B | ||
| Q1 25 | $899.6M | $3.3B | ||
| Q4 24 | $816.4M | $3.3B | ||
| Q3 24 | $802.9M | $3.3B | ||
| Q2 24 | $781.3M | $3.4B | ||
| Q1 24 | $743.5M | $3.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $65.7M |
| Free Cash FlowOCF − Capex | $50.8M | $50.1M |
| FCF MarginFCF / Revenue | 21.7% | 15.9% |
| Capex IntensityCapex / Revenue | 1.7% | 4.9% |
| Cash ConversionOCF / Net Profit | 1.63× | 2.54× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $132.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | — | ||
| Q3 25 | $51.3M | $65.7M | ||
| Q2 25 | $44.6M | $41.0M | ||
| Q1 25 | $33.0M | $49.1M | ||
| Q4 24 | $52.1M | $45.4M | ||
| Q3 24 | $45.1M | $26.5M | ||
| Q2 24 | $36.4M | $100.6M | ||
| Q1 24 | $21.5M | $16.0M |
| Q4 25 | $50.8M | — | ||
| Q3 25 | $48.2M | $50.1M | ||
| Q2 25 | $40.6M | $30.6M | ||
| Q1 25 | $30.1M | $26.3M | ||
| Q4 24 | $47.4M | $25.4M | ||
| Q3 24 | $42.0M | $-8.2M | ||
| Q2 24 | $34.1M | $72.4M | ||
| Q1 24 | $18.8M | $2.0M |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 21.7% | 15.9% | ||
| Q2 25 | 17.1% | 11.1% | ||
| Q1 25 | 13.5% | 9.8% | ||
| Q4 24 | 23.1% | 9.9% | ||
| Q3 24 | 20.1% | -3.2% | ||
| Q2 24 | 15.7% | 22.6% | ||
| Q1 24 | 9.6% | 0.9% |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.4% | 4.9% | ||
| Q2 25 | 1.7% | 3.8% | ||
| Q1 25 | 1.3% | 8.5% | ||
| Q4 24 | 2.3% | 7.7% | ||
| Q3 24 | 1.5% | 13.6% | ||
| Q2 24 | 1.1% | 8.8% | ||
| Q1 24 | 1.4% | 6.1% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | 2.54× | ||
| Q2 25 | 1.29× | 5.58× | ||
| Q1 25 | 0.86× | 1.90× | ||
| Q4 24 | 1.70× | 8.74× | ||
| Q3 24 | 1.41× | 7.99× | ||
| Q2 24 | 1.10× | 7.35× | ||
| Q1 24 | 0.74× | — |
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% |
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
