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Side-by-side financial comparison of BADGER METER INC (BMI) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
BADGER METER INC is the larger business by last-quarter revenue ($234.1M vs $220.8M, roughly 1.1× UNIVERSAL TECHNICAL INSTITUTE INC). BADGER METER INC runs the higher net margin — 14.3% vs 5.8%, a 8.5% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs 9.6%). BADGER METER INC produced more free cash flow last quarter ($50.8M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
BMI vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $220.8M |
| Net Profit | $33.6M | $12.8M |
| Gross Margin | 39.7% | — |
| Operating Margin | 18.4% | 7.1% |
| Net Margin | 14.3% | 5.8% |
| Revenue YoY | 14.1% | 9.6% |
| Net Profit YoY | 9.3% | -42.1% |
| EPS (diluted) | $1.13 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $222.2M | $222.4M | ||
| Q2 25 | $238.1M | $204.3M | ||
| Q1 25 | $222.2M | $207.4M | ||
| Q4 24 | $205.2M | $201.4M | ||
| Q3 24 | $208.4M | $196.4M | ||
| Q2 24 | $216.7M | $177.5M | ||
| Q1 24 | $196.3M | $184.2M |
| Q4 25 | $33.6M | $12.8M | ||
| Q3 25 | $35.1M | $18.8M | ||
| Q2 25 | $34.6M | $10.7M | ||
| Q1 25 | $38.4M | $11.4M | ||
| Q4 24 | $30.7M | $22.2M | ||
| Q3 24 | $32.0M | $18.8M | ||
| Q2 24 | $33.1M | $5.0M | ||
| Q1 24 | $29.1M | $7.8M |
| 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% | 7.1% | ||
| Q3 25 | 20.7% | 11.2% | ||
| Q2 25 | 18.8% | 6.9% | ||
| Q1 25 | 22.2% | 8.1% | ||
| Q4 24 | 19.1% | 13.6% | ||
| Q3 24 | 19.5% | 13.3% | ||
| Q2 24 | 19.2% | 4.2% | ||
| Q1 24 | 18.6% | 6.1% |
| Q4 25 | 14.3% | 5.8% | ||
| Q3 25 | 15.8% | 8.4% | ||
| Q2 25 | 14.5% | 5.2% | ||
| Q1 25 | 17.3% | 5.5% | ||
| Q4 24 | 15.0% | 11.0% | ||
| Q3 24 | 15.4% | 9.6% | ||
| Q2 24 | 15.3% | 2.8% | ||
| Q1 24 | 14.8% | 4.2% |
| Q4 25 | $1.13 | $0.23 | ||
| Q3 25 | $1.19 | $0.33 | ||
| Q2 25 | $1.17 | $0.19 | ||
| Q1 25 | $1.30 | $0.21 | ||
| Q4 24 | $1.04 | $0.40 | ||
| Q3 24 | $1.08 | $0.35 | ||
| Q2 24 | $1.12 | $0.09 | ||
| Q1 24 | $0.99 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $162.8M |
| Total DebtLower is stronger | — | $101.4M |
| Stockholders' EquityBook value | $713.3M | $335.9M |
| Total Assets | $973.6M | $834.0M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $162.8M | ||
| Q3 25 | — | $169.1M | ||
| Q2 25 | — | $70.7M | ||
| Q1 25 | — | $96.0M | ||
| Q4 24 | — | $172.0M | ||
| Q3 24 | — | $161.9M | ||
| Q2 24 | — | $115.5M | ||
| Q1 24 | — | $116.1M |
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $713.3M | $335.9M | ||
| Q3 25 | $702.5M | $328.1M | ||
| Q2 25 | $677.6M | $306.8M | ||
| Q1 25 | $641.7M | $293.9M | ||
| Q4 24 | $606.2M | $280.0M | ||
| Q3 24 | $591.2M | $260.2M | ||
| Q2 24 | $563.1M | $239.4M | ||
| Q1 24 | $535.6M | $232.6M |
| Q4 25 | $973.6M | $834.0M | ||
| Q3 25 | $978.3M | $826.1M | ||
| Q2 25 | $936.4M | $740.8M | ||
| Q1 25 | $899.6M | $720.4M | ||
| Q4 24 | $816.4M | $753.8M | ||
| Q3 24 | $802.9M | $744.6M | ||
| Q2 24 | $781.3M | $706.0M | ||
| Q1 24 | $743.5M | $702.1M |
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| Free Cash FlowOCF − Capex | $50.8M | $-19.2M |
| FCF MarginFCF / Revenue | 21.7% | -8.7% |
| Capex IntensityCapex / Revenue | 1.7% | 10.1% |
| Cash ConversionOCF / Net Profit | 1.63× | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $3.1M | ||
| Q3 25 | $51.3M | $57.1M | ||
| Q2 25 | $44.6M | $18.1M | ||
| Q1 25 | $33.0M | $-789.0K | ||
| Q4 24 | $52.1M | $23.0M | ||
| Q3 24 | $45.1M | $67.5M | ||
| Q2 24 | $36.4M | $10.0M | ||
| Q1 24 | $21.5M | $-2.5M |
| Q4 25 | $50.8M | $-19.2M | ||
| Q3 25 | $48.2M | $40.6M | ||
| Q2 25 | $40.6M | $6.8M | ||
| Q1 25 | $30.1M | $-11.7M | ||
| Q4 24 | $47.4M | $19.6M | ||
| Q3 24 | $42.0M | $60.0M | ||
| Q2 24 | $34.1M | $3.0M | ||
| Q1 24 | $18.8M | $-8.4M |
| Q4 25 | 21.7% | -8.7% | ||
| Q3 25 | 21.7% | 18.3% | ||
| Q2 25 | 17.1% | 3.4% | ||
| Q1 25 | 13.5% | -5.7% | ||
| Q4 24 | 23.1% | 9.7% | ||
| Q3 24 | 20.1% | 30.6% | ||
| Q2 24 | 15.7% | 1.7% | ||
| Q1 24 | 9.6% | -4.6% |
| Q4 25 | 1.7% | 10.1% | ||
| Q3 25 | 1.4% | 7.4% | ||
| Q2 25 | 1.7% | 5.5% | ||
| Q1 25 | 1.3% | 5.3% | ||
| Q4 24 | 2.3% | 1.7% | ||
| Q3 24 | 1.5% | 3.8% | ||
| Q2 24 | 1.1% | 4.0% | ||
| Q1 24 | 1.4% | 3.2% |
| Q4 25 | 1.63× | 0.24× | ||
| Q3 25 | 1.46× | 3.04× | ||
| Q2 25 | 1.29× | 1.69× | ||
| Q1 25 | 0.86× | -0.07× | ||
| Q4 24 | 1.70× | 1.04× | ||
| Q3 24 | 1.41× | 3.58× | ||
| Q2 24 | 1.10× | 2.01× | ||
| Q1 24 | 0.74× | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
