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Side-by-side financial comparison of BADGER METER INC (BMI) and ZIFF DAVIS, INC. (ZD). Click either name above to swap in a different company.
ZIFF DAVIS, INC. is the larger business by last-quarter revenue ($406.7M vs $234.1M, roughly 1.7× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs 0.1%, a 14.2% gap on every dollar of revenue. On growth, BADGER METER INC posted the faster year-over-year revenue change (14.1% vs -1.5%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $50.8M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% 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.
Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.
BMI vs ZD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $406.7M |
| Net Profit | $33.6M | $370.0K |
| Gross Margin | 39.7% | 85.9% |
| Operating Margin | 18.4% | 21.2% |
| Net Margin | 14.3% | 0.1% |
| Revenue YoY | 14.1% | -1.5% |
| Net Profit YoY | 9.3% | -99.4% |
| EPS (diluted) | $1.13 | $0.06 |
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 | $406.7M | ||
| Q3 25 | $222.2M | $363.7M | ||
| Q2 25 | $238.1M | $352.2M | ||
| Q1 25 | $222.2M | $328.6M | ||
| Q4 24 | $205.2M | $412.8M | ||
| Q3 24 | $208.4M | $353.6M | ||
| Q2 24 | $216.7M | $320.8M | ||
| Q1 24 | $196.3M | $314.5M |
| Q4 25 | $33.6M | $370.0K | ||
| Q3 25 | $35.1M | $-3.6M | ||
| Q2 25 | $34.6M | $26.3M | ||
| Q1 25 | $38.4M | $24.2M | ||
| Q4 24 | $30.7M | $64.1M | ||
| Q3 24 | $32.0M | $-48.6M | ||
| Q2 24 | $33.1M | $36.9M | ||
| Q1 24 | $29.1M | $10.6M |
| Q4 25 | 39.7% | 85.9% | ||
| Q3 25 | 43.1% | 85.4% | ||
| Q2 25 | 41.1% | 86.1% | ||
| Q1 25 | 42.9% | 85.6% | ||
| Q4 24 | 40.3% | 87.1% | ||
| Q3 24 | 40.2% | 85.5% | ||
| Q2 24 | 39.4% | 84.4% | ||
| Q1 24 | 39.3% | 85.4% |
| Q4 25 | 18.4% | 21.2% | ||
| Q3 25 | 20.7% | 7.8% | ||
| Q2 25 | 18.8% | 9.5% | ||
| Q1 25 | 22.2% | 10.7% | ||
| Q4 24 | 19.1% | 19.0% | ||
| Q3 24 | 19.5% | -8.3% | ||
| Q2 24 | 19.2% | 8.9% | ||
| Q1 24 | 18.6% | 11.4% |
| Q4 25 | 14.3% | 0.1% | ||
| Q3 25 | 15.8% | -1.0% | ||
| Q2 25 | 14.5% | 7.5% | ||
| Q1 25 | 17.3% | 7.4% | ||
| Q4 24 | 15.0% | 15.5% | ||
| Q3 24 | 15.4% | -13.7% | ||
| Q2 24 | 15.3% | 11.5% | ||
| Q1 24 | 14.8% | 3.4% |
| Q4 25 | $1.13 | $0.06 | ||
| Q3 25 | $1.19 | $-0.09 | ||
| Q2 25 | $1.17 | $0.62 | ||
| Q1 25 | $1.30 | $0.56 | ||
| Q4 24 | $1.04 | $1.53 | ||
| Q3 24 | $1.08 | $-1.11 | ||
| Q2 24 | $1.12 | $0.77 | ||
| Q1 24 | $0.99 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $607.0M |
| Total DebtLower is stronger | — | $866.5M |
| Stockholders' EquityBook value | $713.3M | $1.8B |
| Total Assets | $973.6M | $3.7B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $503.4M | ||
| Q2 25 | — | $457.3M | ||
| Q1 25 | — | $431.0M | ||
| Q4 24 | — | $505.9M | ||
| Q3 24 | — | $386.1M | ||
| Q2 24 | — | $687.2M | ||
| Q1 24 | — | $751.2M |
| Q4 25 | — | $866.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $864.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $713.3M | $1.8B | ||
| Q3 25 | $702.5M | $1.8B | ||
| Q2 25 | $677.6M | $1.8B | ||
| Q1 25 | $641.7M | $1.8B | ||
| Q4 24 | $606.2M | $1.8B | ||
| Q3 24 | $591.2M | $1.8B | ||
| Q2 24 | $563.1M | $1.9B | ||
| Q1 24 | $535.6M | $1.9B |
| Q4 25 | $973.6M | $3.7B | ||
| Q3 25 | $978.3M | $3.5B | ||
| Q2 25 | $936.4M | $3.5B | ||
| Q1 25 | $899.6M | $3.5B | ||
| Q4 24 | $816.4M | $3.7B | ||
| Q3 24 | $802.9M | $3.4B | ||
| Q2 24 | $781.3M | $3.7B | ||
| Q1 24 | $743.5M | $3.7B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| 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 | $191.1M |
| Free Cash FlowOCF − Capex | $50.8M | $157.8M |
| FCF MarginFCF / Revenue | 21.7% | 38.8% |
| Capex IntensityCapex / Revenue | 1.7% | 8.2% |
| Cash ConversionOCF / Net Profit | 1.63× | 516.44× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $287.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $191.1M | ||
| Q3 25 | $51.3M | $138.3M | ||
| Q2 25 | $44.6M | $57.1M | ||
| Q1 25 | $33.0M | $20.6M | ||
| Q4 24 | $52.1M | $158.2M | ||
| Q3 24 | $45.1M | $106.0M | ||
| Q2 24 | $36.4M | $50.6M | ||
| Q1 24 | $21.5M | $75.6M |
| Q4 25 | $50.8M | $157.8M | ||
| Q3 25 | $48.2M | $108.2M | ||
| Q2 25 | $40.6M | $26.9M | ||
| Q1 25 | $30.1M | $-5.0M | ||
| Q4 24 | $47.4M | $131.1M | ||
| Q3 24 | $42.0M | $80.1M | ||
| Q2 24 | $34.1M | $25.1M | ||
| Q1 24 | $18.8M | $47.4M |
| Q4 25 | 21.7% | 38.8% | ||
| Q3 25 | 21.7% | 29.7% | ||
| Q2 25 | 17.1% | 7.6% | ||
| Q1 25 | 13.5% | -1.5% | ||
| Q4 24 | 23.1% | 31.8% | ||
| Q3 24 | 20.1% | 22.7% | ||
| Q2 24 | 15.7% | 7.8% | ||
| Q1 24 | 9.6% | 15.1% |
| Q4 25 | 1.7% | 8.2% | ||
| Q3 25 | 1.4% | 8.3% | ||
| Q2 25 | 1.7% | 8.6% | ||
| Q1 25 | 1.3% | 7.8% | ||
| Q4 24 | 2.3% | 6.6% | ||
| Q3 24 | 1.5% | 7.3% | ||
| Q2 24 | 1.1% | 8.0% | ||
| Q1 24 | 1.4% | 8.9% |
| Q4 25 | 1.63× | 516.44× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | 2.17× | ||
| Q1 25 | 0.86× | 0.85× | ||
| Q4 24 | 1.70× | 2.47× | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.10× | 1.37× | ||
| Q1 24 | 0.74× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
