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Side-by-side financial comparison of BADGER METER INC (BMI) and Service Properties Trust (SVC). Click either name above to swap in a different company.
Service Properties Trust is the larger business by last-quarter revenue ($296.5M vs $234.1M, roughly 1.3× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs -0.3%, a 14.6% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs -17.0%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $-95.2M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs -6.1%).
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.
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
BMI vs SVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $296.5M |
| Net Profit | $33.6M | $-782.0K |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | -3.9% |
| Net Margin | 14.3% | -0.3% |
| Revenue YoY | 14.1% | -17.0% |
| Net Profit YoY | 9.3% | 99.0% |
| EPS (diluted) | $1.13 | $-0.01 |
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 | $296.5M | ||
| Q3 25 | $222.2M | $377.6M | ||
| Q2 25 | $238.1M | $404.4M | ||
| Q1 25 | $222.2M | $335.0M | ||
| Q4 24 | $205.2M | $357.0M | ||
| Q3 24 | $208.4M | $390.9M | ||
| Q2 24 | $216.7M | $412.5M | ||
| Q1 24 | $196.3M | $336.2M |
| Q4 25 | $33.6M | $-782.0K | ||
| Q3 25 | $35.1M | $-46.9M | ||
| Q2 25 | $34.6M | $-38.2M | ||
| Q1 25 | $38.4M | $-116.4M | ||
| Q4 24 | $30.7M | $-76.4M | ||
| Q3 24 | $32.0M | $-46.9M | ||
| Q2 24 | $33.1M | $-73.8M | ||
| Q1 24 | $29.1M | $-78.4M |
| 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% | -3.9% | ||
| Q3 25 | 20.7% | -12.8% | ||
| Q2 25 | 18.8% | -9.2% | ||
| Q1 25 | 22.2% | -33.3% | ||
| Q4 24 | 19.1% | -19.4% | ||
| Q3 24 | 19.5% | -12.8% | ||
| Q2 24 | 19.2% | -17.1% | ||
| Q1 24 | 18.6% | -21.4% |
| Q4 25 | 14.3% | -0.3% | ||
| Q3 25 | 15.8% | -12.4% | ||
| Q2 25 | 14.5% | -9.4% | ||
| Q1 25 | 17.3% | -34.8% | ||
| Q4 24 | 15.0% | -21.4% | ||
| Q3 24 | 15.4% | -12.0% | ||
| Q2 24 | 15.3% | -17.9% | ||
| Q1 24 | 14.8% | -23.3% |
| Q4 25 | $1.13 | $-0.01 | ||
| Q3 25 | $1.19 | $-0.28 | ||
| Q2 25 | $1.17 | $-0.23 | ||
| Q1 25 | $1.30 | $-0.70 | ||
| Q4 24 | $1.04 | $-0.46 | ||
| Q3 24 | $1.08 | $-0.28 | ||
| Q2 24 | $1.12 | $-0.45 | ||
| Q1 24 | $0.99 | $-0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $346.8M |
| Total DebtLower is stronger | — | $5.5B |
| Stockholders' EquityBook value | $713.3M | $646.1M |
| Total Assets | $973.6M | $6.5B |
| Debt / EquityLower = less leverage | — | 8.52× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $346.8M | ||
| Q3 25 | — | $417.4M | ||
| Q2 25 | — | $63.2M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | — | $48.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $71.3M |
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $713.3M | $646.1M | ||
| Q3 25 | $702.5M | $647.9M | ||
| Q2 25 | $677.6M | $695.9M | ||
| Q1 25 | $641.7M | $734.6M | ||
| Q4 24 | $606.2M | $851.9M | ||
| Q3 24 | $591.2M | $929.0M | ||
| Q2 24 | $563.1M | $1.0B | ||
| Q1 24 | $535.6M | $1.1B |
| Q4 25 | $973.6M | $6.5B | ||
| Q3 25 | $978.3M | $7.0B | ||
| Q2 25 | $936.4M | $6.9B | ||
| Q1 25 | $899.6M | $7.0B | ||
| Q4 24 | $816.4M | $7.1B | ||
| Q3 24 | $802.9M | $7.1B | ||
| Q2 24 | $781.3M | $7.1B | ||
| Q1 24 | $743.5M | $7.2B |
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| 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 | $-18.5M |
| Free Cash FlowOCF − Capex | $50.8M | $-95.2M |
| FCF MarginFCF / Revenue | 21.7% | -32.1% |
| Capex IntensityCapex / Revenue | 1.7% | 25.9% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $-107.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $-18.5M | ||
| Q3 25 | $51.3M | $98.1M | ||
| Q2 25 | $44.6M | $-7.0K | ||
| Q1 25 | $33.0M | $38.2M | ||
| Q4 24 | $52.1M | $-9.7M | ||
| Q3 24 | $45.1M | $106.2M | ||
| Q2 24 | $36.4M | $43.8M | ||
| Q1 24 | $21.5M | $-926.0K |
| Q4 25 | $50.8M | $-95.2M | ||
| Q3 25 | $48.2M | $57.9M | ||
| Q2 25 | $40.6M | $-46.6M | ||
| Q1 25 | $30.1M | $-23.2M | ||
| Q4 24 | $47.4M | $-88.9M | ||
| Q3 24 | $42.0M | $24.1M | ||
| Q2 24 | $34.1M | $-22.3M | ||
| Q1 24 | $18.8M | $-77.2M |
| Q4 25 | 21.7% | -32.1% | ||
| Q3 25 | 21.7% | 15.3% | ||
| Q2 25 | 17.1% | -11.5% | ||
| Q1 25 | 13.5% | -6.9% | ||
| Q4 24 | 23.1% | -24.9% | ||
| Q3 24 | 20.1% | 6.2% | ||
| Q2 24 | 15.7% | -5.4% | ||
| Q1 24 | 9.6% | -23.0% |
| Q4 25 | 1.7% | 25.9% | ||
| Q3 25 | 1.4% | 10.6% | ||
| Q2 25 | 1.7% | 11.5% | ||
| Q1 25 | 1.3% | 18.3% | ||
| Q4 24 | 2.3% | 22.2% | ||
| Q3 24 | 1.5% | 21.0% | ||
| Q2 24 | 1.1% | 16.0% | ||
| Q1 24 | 1.4% | 22.7% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | — | ||
| 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% |
SVC
Segment breakdown not available.
