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Side-by-side financial comparison of BADGER METER INC (BMI) and TOOTSIE ROLL INDUSTRIES INC (TR). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $196.3M, roughly 1.2× TOOTSIE ROLL INDUSTRIES INC). TOOTSIE ROLL INDUSTRIES INC runs the higher net margin — 14.7% vs 14.3%, a 0.3% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 1.5%). TOOTSIE ROLL INDUSTRIES INC produced more free cash flow last quarter ($61.0M vs $50.8M). Over the past eight quarters, TOOTSIE ROLL INDUSTRIES INC's revenue compounded faster (13.2% 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.
Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.
BMI vs TR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $196.3M |
| Net Profit | $33.6M | $28.8M |
| Gross Margin | 39.7% | 35.7% |
| Operating Margin | 18.4% | 17.0% |
| Net Margin | 14.3% | 14.7% |
| Revenue YoY | 14.1% | 1.5% |
| Net Profit YoY | 9.3% | 27.9% |
| EPS (diluted) | $1.13 | — |
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 | $196.3M | ||
| Q3 25 | $222.2M | $232.7M | ||
| Q2 25 | $238.1M | $155.1M | ||
| Q1 25 | $222.2M | $148.5M | ||
| Q4 24 | $205.2M | $193.4M | ||
| Q3 24 | $208.4M | $225.9M | ||
| Q2 24 | $216.7M | $150.7M | ||
| Q1 24 | $196.3M | $153.2M |
| Q4 25 | $33.6M | $28.8M | ||
| Q3 25 | $35.1M | $35.7M | ||
| Q2 25 | $34.6M | $17.5M | ||
| Q1 25 | $38.4M | $18.1M | ||
| Q4 24 | $30.7M | $22.5M | ||
| Q3 24 | $32.0M | $32.8M | ||
| Q2 24 | $33.1M | $15.6M | ||
| Q1 24 | $29.1M | $15.8M |
| Q4 25 | 39.7% | 35.7% | ||
| Q3 25 | 43.1% | 34.1% | ||
| Q2 25 | 41.1% | 36.4% | ||
| Q1 25 | 42.9% | 35.3% | ||
| Q4 24 | 40.3% | 39.1% | ||
| Q3 24 | 40.2% | 34.1% | ||
| Q2 24 | 39.4% | 33.5% | ||
| Q1 24 | 39.3% | 32.7% |
| Q4 25 | 18.4% | 17.0% | ||
| Q3 25 | 20.7% | 13.9% | ||
| Q2 25 | 18.8% | 7.8% | ||
| Q1 25 | 22.2% | 15.5% | ||
| Q4 24 | 19.1% | 20.0% | ||
| Q3 24 | 19.5% | 15.6% | ||
| Q2 24 | 19.2% | 10.2% | ||
| Q1 24 | 18.6% | 7.3% |
| Q4 25 | 14.3% | 14.7% | ||
| Q3 25 | 15.8% | 15.3% | ||
| Q2 25 | 14.5% | 11.3% | ||
| Q1 25 | 17.3% | 12.2% | ||
| Q4 24 | 15.0% | 11.6% | ||
| Q3 24 | 15.4% | 14.5% | ||
| Q2 24 | 15.3% | 10.4% | ||
| Q1 24 | 14.8% | 10.3% |
| Q4 25 | $1.13 | — | ||
| Q3 25 | $1.19 | — | ||
| Q2 25 | $1.17 | — | ||
| Q1 25 | $1.30 | — | ||
| Q4 24 | $1.04 | — | ||
| Q3 24 | $1.08 | — | ||
| Q2 24 | $1.12 | — | ||
| Q1 24 | $0.99 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $176.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $713.3M | $941.0M |
| Total Assets | $973.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $176.6M | ||
| Q3 25 | — | $119.8M | ||
| Q2 25 | — | $170.5M | ||
| Q1 25 | — | $176.6M | ||
| Q4 24 | — | $194.6M | ||
| Q3 24 | — | $163.2M | ||
| Q2 24 | — | $131.2M | ||
| Q1 24 | — | $159.4M |
| Q4 25 | $713.3M | $941.0M | ||
| Q3 25 | $702.5M | $918.9M | ||
| Q2 25 | $677.6M | $893.1M | ||
| Q1 25 | $641.7M | $879.4M | ||
| Q4 24 | $606.2M | $870.7M | ||
| Q3 24 | $591.2M | $870.2M | ||
| Q2 24 | $563.1M | $841.4M | ||
| Q1 24 | $535.6M | $834.4M |
| Q4 25 | $973.6M | $1.3B | ||
| Q3 25 | $978.3M | $1.2B | ||
| Q2 25 | $936.4M | $1.2B | ||
| Q1 25 | $899.6M | $1.1B | ||
| Q4 24 | $816.4M | $1.1B | ||
| Q3 24 | $802.9M | $1.1B | ||
| Q2 24 | $781.3M | $1.1B | ||
| Q1 24 | $743.5M | $1.1B |
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 | $73.3M |
| Free Cash FlowOCF − Capex | $50.8M | $61.0M |
| FCF MarginFCF / Revenue | 21.7% | 31.1% |
| Capex IntensityCapex / Revenue | 1.7% | 6.3% |
| Cash ConversionOCF / Net Profit | 1.63× | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $96.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $73.3M | ||
| Q3 25 | $51.3M | $62.2M | ||
| Q2 25 | $44.6M | $-8.5M | ||
| Q1 25 | $33.0M | $3.6M | ||
| Q4 24 | $52.1M | $68.8M | ||
| Q3 24 | $45.1M | $61.3M | ||
| Q2 24 | $36.4M | $-12.6M | ||
| Q1 24 | $21.5M | $21.4M |
| Q4 25 | $50.8M | $61.0M | ||
| Q3 25 | $48.2M | $50.7M | ||
| Q2 25 | $40.6M | $-16.0M | ||
| Q1 25 | $30.1M | $750.0K | ||
| Q4 24 | $47.4M | $64.7M | ||
| Q3 24 | $42.0M | $55.8M | ||
| Q2 24 | $34.1M | $-16.6M | ||
| Q1 24 | $18.8M | $16.9M |
| Q4 25 | 21.7% | 31.1% | ||
| Q3 25 | 21.7% | 21.8% | ||
| Q2 25 | 17.1% | -10.3% | ||
| Q1 25 | 13.5% | 0.5% | ||
| Q4 24 | 23.1% | 33.5% | ||
| Q3 24 | 20.1% | 24.7% | ||
| Q2 24 | 15.7% | -11.0% | ||
| Q1 24 | 9.6% | 11.0% |
| Q4 25 | 1.7% | 6.3% | ||
| Q3 25 | 1.4% | 5.0% | ||
| Q2 25 | 1.7% | 4.8% | ||
| Q1 25 | 1.3% | 1.9% | ||
| Q4 24 | 2.3% | 2.1% | ||
| Q3 24 | 1.5% | 2.4% | ||
| Q2 24 | 1.1% | 2.6% | ||
| Q1 24 | 1.4% | 2.9% |
| Q4 25 | 1.63× | 2.55× | ||
| Q3 25 | 1.46× | 1.74× | ||
| Q2 25 | 1.29× | -0.49× | ||
| Q1 25 | 0.86× | 0.20× | ||
| Q4 24 | 1.70× | 3.06× | ||
| Q3 24 | 1.41× | 1.87× | ||
| Q2 24 | 1.10× | -0.81× | ||
| Q1 24 | 0.74× | 1.35× |
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% |
TR
| Products | $194.3M | 99% |
| Rental And Royalty | $1.9M | 1% |
