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Side-by-side financial comparison of BADGER METER INC (BMI) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $234.1M, roughly 1.4× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs -18.0%, a 32.3% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $50.8M). Over the past eight quarters, BADGER METER INC's revenue compounded faster (9.2% CAGR vs -4.6%).

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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

BMI vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.4× larger
WH
$334.0M
$234.1M
BMI
Growing faster (revenue YoY)
BMI
BMI
+90.4% gap
BMI
14.1%
-76.3%
WH
Higher net margin
BMI
BMI
32.3% more per $
BMI
14.3%
-18.0%
WH
More free cash flow
WH
WH
$117.2M more FCF
WH
$168.0M
$50.8M
BMI
Faster 2-yr revenue CAGR
BMI
BMI
Annualised
BMI
9.2%
-4.6%
WH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BMI
BMI
WH
WH
Revenue
$234.1M
$334.0M
Net Profit
$33.6M
$-60.0M
Gross Margin
39.7%
Operating Margin
18.4%
Net Margin
14.3%
-18.0%
Revenue YoY
14.1%
-76.3%
Net Profit YoY
9.3%
-170.6%
EPS (diluted)
$1.13
$-0.80

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.

Revenue
BMI
BMI
WH
WH
Q1 26
$334.0M
Q4 25
$234.1M
$334.0M
Q3 25
$222.2M
$382.0M
Q2 25
$238.1M
$397.0M
Q1 25
$222.2M
$316.0M
Q4 24
$205.2M
$336.0M
Q3 24
$208.4M
$396.0M
Q2 24
$216.7M
$367.0M
Net Profit
BMI
BMI
WH
WH
Q1 26
$-60.0M
Q4 25
$33.6M
$-60.0M
Q3 25
$35.1M
$105.0M
Q2 25
$34.6M
$87.0M
Q1 25
$38.4M
$61.0M
Q4 24
$30.7M
$85.0M
Q3 24
$32.0M
$102.0M
Q2 24
$33.1M
$86.0M
Gross Margin
BMI
BMI
WH
WH
Q1 26
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%
Operating Margin
BMI
BMI
WH
WH
Q1 26
Q4 25
18.4%
-11.4%
Q3 25
20.7%
46.6%
Q2 25
18.8%
37.8%
Q1 25
22.2%
35.4%
Q4 24
19.1%
38.4%
Q3 24
19.5%
43.2%
Q2 24
19.2%
39.5%
Net Margin
BMI
BMI
WH
WH
Q1 26
-18.0%
Q4 25
14.3%
-18.0%
Q3 25
15.8%
27.5%
Q2 25
14.5%
21.9%
Q1 25
17.3%
19.3%
Q4 24
15.0%
25.3%
Q3 24
15.4%
25.8%
Q2 24
15.3%
23.4%
EPS (diluted)
BMI
BMI
WH
WH
Q1 26
$-0.80
Q4 25
$1.13
$-0.77
Q3 25
$1.19
$1.36
Q2 25
$1.17
$1.13
Q1 25
$1.30
$0.78
Q4 24
$1.04
$1.06
Q3 24
$1.08
$1.29
Q2 24
$1.12
$1.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BMI
BMI
WH
WH
Cash + ST InvestmentsLiquidity on hand
$64.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$713.3M
$468.0M
Total Assets
$973.6M
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BMI
BMI
WH
WH
Q1 26
$64.0M
Q4 25
$64.0M
Q3 25
$70.0M
Q2 25
$50.0M
Q1 25
$48.0M
Q4 24
$103.0M
Q3 24
$72.0M
Q2 24
$70.0M
Total Debt
BMI
BMI
WH
WH
Q1 26
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
BMI
BMI
WH
WH
Q1 26
$468.0M
Q4 25
$713.3M
$468.0M
Q3 25
$702.5M
$583.0M
Q2 25
$677.6M
$570.0M
Q1 25
$641.7M
$579.0M
Q4 24
$606.2M
$650.0M
Q3 24
$591.2M
$583.0M
Q2 24
$563.1M
$623.0M
Total Assets
BMI
BMI
WH
WH
Q1 26
$4.2B
Q4 25
$973.6M
$4.2B
Q3 25
$978.3M
$4.3B
Q2 25
$936.4M
$4.3B
Q1 25
$899.6M
$4.2B
Q4 24
$816.4M
$4.2B
Q3 24
$802.9M
$4.2B
Q2 24
$781.3M
$4.2B
Debt / Equity
BMI
BMI
WH
WH
Q1 26
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BMI
BMI
WH
WH
Operating Cash FlowLast quarter
$54.8M
$367.0M
Free Cash FlowOCF − Capex
$50.8M
$168.0M
FCF MarginFCF / Revenue
21.7%
50.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters
$169.7M
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BMI
BMI
WH
WH
Q1 26
$367.0M
Q4 25
$54.8M
$152.0M
Q3 25
$51.3M
$86.0M
Q2 25
$44.6M
$70.0M
Q1 25
$33.0M
$59.0M
Q4 24
$52.1M
$134.0M
Q3 24
$45.1M
$79.0M
Q2 24
$36.4M
$1.0M
Free Cash Flow
BMI
BMI
WH
WH
Q1 26
$168.0M
Q4 25
$50.8M
$136.0M
Q3 25
$48.2M
$75.0M
Q2 25
$40.6M
$58.0M
Q1 25
$30.1M
$52.0M
Q4 24
$47.4M
$109.0M
Q3 24
$42.0M
$71.0M
Q2 24
$34.1M
$-6.0M
FCF Margin
BMI
BMI
WH
WH
Q1 26
50.3%
Q4 25
21.7%
40.7%
Q3 25
21.7%
19.6%
Q2 25
17.1%
14.6%
Q1 25
13.5%
16.5%
Q4 24
23.1%
32.4%
Q3 24
20.1%
17.9%
Q2 24
15.7%
-1.6%
Capex Intensity
BMI
BMI
WH
WH
Q1 26
Q4 25
1.7%
4.8%
Q3 25
1.4%
2.9%
Q2 25
1.7%
3.0%
Q1 25
1.3%
2.2%
Q4 24
2.3%
7.4%
Q3 24
1.5%
2.0%
Q2 24
1.1%
1.9%
Cash Conversion
BMI
BMI
WH
WH
Q1 26
Q4 25
1.63×
Q3 25
1.46×
0.82×
Q2 25
1.29×
0.80×
Q1 25
0.86×
0.97×
Q4 24
1.70×
1.58×
Q3 24
1.41×
0.77×
Q2 24
1.10×
0.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BMI
BMI

Transferred At Point In Time$198.6M85%
Transferred Over Time$22.1M9%
Other$13.4M6%

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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