vs
Side-by-side financial comparison of BADGER METER INC (BMI) and Root, Inc. (ROOT). Click either name above to swap in a different company.
Root, Inc. is the larger business by last-quarter revenue ($397.0M vs $234.1M, roughly 1.7× BADGER METER INC). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs 14.1%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% 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.
Root Insurance Company is an online car insurance company operating in the United States.
BMI vs ROOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $397.0M |
| Net Profit | $33.6M | — |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 2.6% |
| Net Margin | 14.3% | — |
| Revenue YoY | 14.1% | 21.5% |
| Net Profit YoY | 9.3% | — |
| EPS (diluted) | $1.13 | $0.35 |
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 | $397.0M | ||
| Q3 25 | $222.2M | $387.8M | ||
| Q2 25 | $238.1M | $382.9M | ||
| Q1 25 | $222.2M | $349.4M | ||
| Q4 24 | $205.2M | $326.7M | ||
| Q3 24 | $208.4M | $305.7M | ||
| Q2 24 | $216.7M | $289.2M | ||
| Q1 24 | $196.3M | $254.9M |
| Q4 25 | $33.6M | — | ||
| Q3 25 | $35.1M | $-5.4M | ||
| Q2 25 | $34.6M | $22.0M | ||
| Q1 25 | $38.4M | $18.4M | ||
| Q4 24 | $30.7M | — | ||
| Q3 24 | $32.0M | $22.8M | ||
| Q2 24 | $33.1M | $-7.8M | ||
| Q1 24 | $29.1M | $-6.2M |
| 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% | 2.6% | ||
| Q3 25 | 20.7% | 0.1% | ||
| Q2 25 | 18.8% | 7.1% | ||
| Q1 25 | 22.2% | 6.8% | ||
| Q4 24 | 19.1% | 10.7% | ||
| Q3 24 | 19.5% | 11.3% | ||
| Q2 24 | 19.2% | 1.3% | ||
| Q1 24 | 18.6% | 2.1% |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 15.8% | -1.4% | ||
| Q2 25 | 14.5% | 5.7% | ||
| Q1 25 | 17.3% | 5.3% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 15.4% | 7.5% | ||
| Q2 24 | 15.3% | -2.7% | ||
| Q1 24 | 14.8% | -2.4% |
| Q4 25 | $1.13 | $0.35 | ||
| Q3 25 | $1.19 | $-0.35 | ||
| Q2 25 | $1.17 | $1.29 | ||
| Q1 25 | $1.30 | $1.07 | ||
| Q4 24 | $1.04 | $1.42 | ||
| Q3 24 | $1.08 | $1.35 | ||
| Q2 24 | $1.12 | $-0.52 | ||
| Q1 24 | $0.99 | $-0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $669.3M |
| Total DebtLower is stronger | — | $200.3M |
| Stockholders' EquityBook value | $713.3M | $284.3M |
| Total Assets | $973.6M | $1.7B |
| Debt / EquityLower = less leverage | — | 0.70× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $669.3M | ||
| Q3 25 | — | $653.3M | ||
| Q2 25 | — | $641.4M | ||
| Q1 25 | — | $609.4M | ||
| Q4 24 | — | $599.3M | ||
| Q3 24 | — | $674.8M | ||
| Q2 24 | — | $667.2M | ||
| Q1 24 | — | $640.5M |
| Q4 25 | — | $200.3M | ||
| Q3 25 | — | $200.4M | ||
| Q2 25 | — | $200.1M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | — | $200.1M | ||
| Q3 24 | — | $300.9M | ||
| Q2 24 | — | $300.1M | ||
| Q1 24 | — | $299.3M |
| Q4 25 | $713.3M | $284.3M | ||
| Q3 25 | $702.5M | $265.0M | ||
| Q2 25 | $677.6M | $244.5M | ||
| Q1 25 | $641.7M | $228.7M | ||
| Q4 24 | $606.2M | $203.7M | ||
| Q3 24 | $591.2M | $181.9M | ||
| Q2 24 | $563.1M | $151.3M | ||
| Q1 24 | $535.6M | $165.7M |
| Q4 25 | $973.6M | $1.7B | ||
| Q3 25 | $978.3M | $1.6B | ||
| Q2 25 | $936.4M | $1.6B | ||
| Q1 25 | $899.6M | $1.6B | ||
| Q4 24 | $816.4M | $1.5B | ||
| Q3 24 | $802.9M | $1.6B | ||
| Q2 24 | $781.3M | $1.5B | ||
| Q1 24 | $743.5M | $1.4B |
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 1.81× |
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 | $206.5M |
| Free Cash FlowOCF − Capex | $50.8M | — |
| FCF MarginFCF / Revenue | 21.7% | — |
| Capex IntensityCapex / Revenue | 1.7% | 0.0% |
| 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 | $206.5M | ||
| Q3 25 | $51.3M | $57.6M | ||
| Q2 25 | $44.6M | $52.0M | ||
| Q1 25 | $33.0M | $26.8M | ||
| Q4 24 | $52.1M | $195.7M | ||
| Q3 24 | $45.1M | $49.4M | ||
| Q2 24 | $36.4M | $62.6M | ||
| Q1 24 | $21.5M | $14.5M |
| Q4 25 | $50.8M | — | ||
| Q3 25 | $48.2M | — | ||
| Q2 25 | $40.6M | — | ||
| Q1 25 | $30.1M | — | ||
| Q4 24 | $47.4M | $195.3M | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $34.1M | $62.4M | ||
| Q1 24 | $18.8M | $14.3M |
| Q4 25 | 21.7% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 13.5% | — | ||
| Q4 24 | 23.1% | 59.8% | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 15.7% | 21.6% | ||
| Q1 24 | 9.6% | 5.6% |
| Q4 25 | 1.7% | 0.0% | ||
| Q3 25 | 1.4% | 0.0% | ||
| Q2 25 | 1.7% | 0.0% | ||
| Q1 25 | 1.3% | 0.0% | ||
| Q4 24 | 2.3% | 0.1% | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 1.4% | 0.1% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | 2.36× | ||
| Q1 25 | 0.86× | 1.46× | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | 2.17× | ||
| 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% |
ROOT
Segment breakdown not available.
