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Side-by-side financial comparison of BADGER METER INC (BMI) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $212.2M, roughly 1.1× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 14.3%, a 4.5% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 8.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
BMI vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $212.2M |
| Net Profit | $33.6M | $39.9M |
| Gross Margin | 39.7% | 71.9% |
| Operating Margin | 18.4% | 18.6% |
| Net Margin | 14.3% | 18.8% |
| Revenue YoY | 14.1% | 8.6% |
| Net Profit YoY | 9.3% | 255.7% |
| EPS (diluted) | $1.13 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $222.2M | $199.8M | ||
| Q2 25 | $238.1M | $194.8M | ||
| Q1 25 | $222.2M | $188.7M | ||
| Q4 24 | $205.2M | $195.4M | ||
| Q3 24 | $208.4M | $185.5M | ||
| Q2 24 | $216.7M | $176.0M | ||
| Q1 24 | $196.3M | $171.9M |
| Q4 25 | $33.6M | $39.9M | ||
| Q3 25 | $35.1M | $27.4M | ||
| Q2 25 | $34.6M | $7.7M | ||
| Q1 25 | $38.4M | $-6.3M | ||
| Q4 24 | $30.7M | $11.2M | ||
| Q3 24 | $32.0M | $1.7M | ||
| Q2 24 | $33.1M | $-7.5M | ||
| Q1 24 | $29.1M | $-5.4M |
| Q4 25 | 39.7% | 71.9% | ||
| Q3 25 | 43.1% | 70.2% | ||
| Q2 25 | 41.1% | 70.1% | ||
| Q1 25 | 42.9% | 69.3% | ||
| Q4 24 | 40.3% | 71.9% | ||
| Q3 24 | 40.2% | 72.4% | ||
| Q2 24 | 39.4% | 70.6% | ||
| Q1 24 | 39.3% | 72.2% |
| Q4 25 | 18.4% | 18.6% | ||
| Q3 25 | 20.7% | 10.7% | ||
| Q2 25 | 18.8% | 3.7% | ||
| Q1 25 | 22.2% | -6.1% | ||
| Q4 24 | 19.1% | 7.5% | ||
| Q3 24 | 19.5% | 4.0% | ||
| Q2 24 | 19.2% | -3.0% | ||
| Q1 24 | 18.6% | -8.3% |
| Q4 25 | 14.3% | 18.8% | ||
| Q3 25 | 15.8% | 13.7% | ||
| Q2 25 | 14.5% | 4.0% | ||
| Q1 25 | 17.3% | -3.3% | ||
| Q4 24 | 15.0% | 5.7% | ||
| Q3 24 | 15.4% | 0.9% | ||
| Q2 24 | 15.3% | -4.3% | ||
| Q1 24 | 14.8% | -3.1% |
| Q4 25 | $1.13 | $0.62 | ||
| Q3 25 | $1.19 | $0.42 | ||
| Q2 25 | $1.17 | $0.12 | ||
| Q1 25 | $1.30 | $-0.10 | ||
| Q4 24 | $1.04 | $0.17 | ||
| Q3 24 | $1.08 | $0.03 | ||
| Q2 24 | $1.12 | $-0.11 | ||
| Q1 24 | $0.99 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $962.3M |
| Total Assets | $973.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $403.4M | ||
| Q3 25 | — | $376.9M | ||
| Q2 25 | — | $371.1M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | — | $384.3M | ||
| Q3 24 | — | $348.4M | ||
| Q2 24 | — | $342.7M | ||
| Q1 24 | — | $368.9M |
| Q4 25 | $713.3M | $962.3M | ||
| Q3 25 | $702.5M | $943.8M | ||
| Q2 25 | $677.6M | $947.8M | ||
| Q1 25 | $641.7M | $948.9M | ||
| Q4 24 | $606.2M | $957.7M | ||
| Q3 24 | $591.2M | $932.1M | ||
| Q2 24 | $563.1M | $951.9M | ||
| Q1 24 | $535.6M | $949.1M |
| Q4 25 | $973.6M | $1.3B | ||
| Q3 25 | $978.3M | $1.2B | ||
| Q2 25 | $936.4M | $1.2B | ||
| Q1 25 | $899.6M | $1.3B | ||
| Q4 24 | $816.4M | $1.3B | ||
| Q3 24 | $802.9M | $1.2B | ||
| Q2 24 | $781.3M | $1.2B | ||
| Q1 24 | $743.5M | $1.2B |
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 | — |
| Free Cash FlowOCF − Capex | $50.8M | — |
| FCF MarginFCF / Revenue | 21.7% | — |
| Capex IntensityCapex / Revenue | 1.7% | 0.1% |
| 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 | $57.4M | ||
| Q2 25 | $44.6M | $-15.8M | ||
| Q1 25 | $33.0M | — | ||
| Q4 24 | $52.1M | $45.1M | ||
| Q3 24 | $45.1M | $55.6M | ||
| Q2 24 | $36.4M | $-9.3M | ||
| Q1 24 | $21.5M | — |
| Q4 25 | $50.8M | — | ||
| Q3 25 | $48.2M | $56.8M | ||
| Q2 25 | $40.6M | $-16.2M | ||
| Q1 25 | $30.1M | — | ||
| Q4 24 | $47.4M | $44.8M | ||
| Q3 24 | $42.0M | $55.4M | ||
| Q2 24 | $34.1M | $-9.6M | ||
| Q1 24 | $18.8M | — |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 21.7% | 28.4% | ||
| Q2 25 | 17.1% | -8.3% | ||
| Q1 25 | 13.5% | — | ||
| Q4 24 | 23.1% | 22.9% | ||
| Q3 24 | 20.1% | 29.8% | ||
| Q2 24 | 15.7% | -5.4% | ||
| Q1 24 | 9.6% | — |
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | 1.4% | 0.3% | ||
| Q2 25 | 1.7% | 0.2% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 2.3% | 0.1% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 1.4% | 1.0% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | 2.09× | ||
| Q2 25 | 1.29× | -2.04× | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | 4.02× | ||
| Q3 24 | 1.41× | 32.10× | ||
| Q2 24 | 1.10× | — | ||
| 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% |
RAMP
Segment breakdown not available.
