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Side-by-side financial comparison of BADGER METER INC (BMI) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $234.1M, roughly 1.7× BADGER METER INC). BADGER METER INC runs the higher net margin — 14.3% vs 1.7%, a 12.7% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 14.1%). Zeta Global Holdings Corp. produced more free cash flow last quarter ($60.9M vs $50.8M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
BMI vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $234.1M | $394.6M |
| Net Profit | $33.6M | $6.5M |
| Gross Margin | 39.7% | 59.5% |
| Operating Margin | 18.4% | 4.5% |
| Net Margin | 14.3% | 1.7% |
| Revenue YoY | 14.1% | 25.4% |
| Net Profit YoY | 9.3% | -57.1% |
| EPS (diluted) | $1.13 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $222.2M | $337.2M | ||
| Q2 25 | $238.1M | $308.4M | ||
| Q1 25 | $222.2M | $264.4M | ||
| Q4 24 | $205.2M | $314.7M | ||
| Q3 24 | $208.4M | $268.3M | ||
| Q2 24 | $216.7M | $227.8M | ||
| Q1 24 | $196.3M | $194.9M |
| Q4 25 | $33.6M | $6.5M | ||
| Q3 25 | $35.1M | $-3.6M | ||
| Q2 25 | $34.6M | $-12.8M | ||
| Q1 25 | $38.4M | $-21.6M | ||
| Q4 24 | $30.7M | $15.2M | ||
| Q3 24 | $32.0M | $-17.4M | ||
| Q2 24 | $33.1M | $-28.1M | ||
| Q1 24 | $29.1M | $-39.6M |
| Q4 25 | 39.7% | 59.5% | ||
| Q3 25 | 43.1% | 60.5% | ||
| Q2 25 | 41.1% | 62.1% | ||
| Q1 25 | 42.9% | 60.9% | ||
| Q4 24 | 40.3% | 60.0% | ||
| Q3 24 | 40.2% | 60.6% | ||
| Q2 24 | 39.4% | 60.0% | ||
| Q1 24 | 39.3% | 60.6% |
| Q4 25 | 18.4% | 4.5% | ||
| Q3 25 | 20.7% | 2.6% | ||
| Q2 25 | 18.8% | -1.7% | ||
| Q1 25 | 22.2% | -6.1% | ||
| Q4 24 | 19.1% | 2.2% | ||
| Q3 24 | 19.5% | -4.6% | ||
| Q2 24 | 19.2% | -11.7% | ||
| Q1 24 | 18.6% | -18.4% |
| Q4 25 | 14.3% | 1.7% | ||
| Q3 25 | 15.8% | -1.1% | ||
| Q2 25 | 14.5% | -4.2% | ||
| Q1 25 | 17.3% | -8.2% | ||
| Q4 24 | 15.0% | 4.8% | ||
| Q3 24 | 15.4% | -6.5% | ||
| Q2 24 | 15.3% | -12.3% | ||
| Q1 24 | 14.8% | -20.3% |
| Q4 25 | $1.13 | $0.04 | ||
| Q3 25 | $1.19 | $-0.02 | ||
| Q2 25 | $1.17 | $-0.06 | ||
| Q1 25 | $1.30 | $-0.10 | ||
| Q4 24 | $1.04 | $0.10 | ||
| Q3 24 | $1.08 | $-0.09 | ||
| Q2 24 | $1.12 | $-0.16 | ||
| 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 | — | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $713.3M | $804.6M |
| Total Assets | $973.6M | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $319.8M | ||
| Q3 25 | — | $385.2M | ||
| Q2 25 | — | $365.3M | ||
| Q1 25 | — | $364.4M | ||
| Q4 24 | — | $366.2M | ||
| Q3 24 | — | $418.5M | ||
| Q2 24 | — | $154.7M | ||
| Q1 24 | — | $141.6M |
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $713.3M | $804.6M | ||
| Q3 25 | $702.5M | $689.2M | ||
| Q2 25 | $677.6M | $673.3M | ||
| Q1 25 | $641.7M | $676.6M | ||
| Q4 24 | $606.2M | $676.8M | ||
| Q3 24 | $591.2M | $474.9M | ||
| Q2 24 | $563.1M | $217.0M | ||
| Q1 24 | $535.6M | $191.6M |
| Q4 25 | $973.6M | $1.5B | ||
| Q3 25 | $978.3M | $1.2B | ||
| Q2 25 | $936.4M | $1.1B | ||
| Q1 25 | $899.6M | $1.1B | ||
| Q4 24 | $816.4M | $1.1B | ||
| Q3 24 | $802.9M | $869.1M | ||
| Q2 24 | $781.3M | $583.9M | ||
| Q1 24 | $743.5M | $550.3M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $50.8M | $60.9M |
| FCF MarginFCF / Revenue | 21.7% | 15.4% |
| Capex IntensityCapex / Revenue | 1.7% | 0.8% |
| Cash ConversionOCF / Net Profit | 1.63× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $169.7M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $64.1M | ||
| Q3 25 | $51.3M | $57.9M | ||
| Q2 25 | $44.6M | $42.0M | ||
| Q1 25 | $33.0M | $34.8M | ||
| Q4 24 | $52.1M | $43.7M | ||
| Q3 24 | $45.1M | $34.4M | ||
| Q2 24 | $36.4M | $31.1M | ||
| Q1 24 | $21.5M | $24.7M |
| Q4 25 | $50.8M | $60.9M | ||
| Q3 25 | $48.2M | $52.4M | ||
| Q2 25 | $40.6M | $39.7M | ||
| Q1 25 | $30.1M | $32.1M | ||
| Q4 24 | $47.4M | $35.4M | ||
| Q3 24 | $42.0M | $29.5M | ||
| Q2 24 | $34.1M | $24.4M | ||
| Q1 24 | $18.8M | $18.9M |
| Q4 25 | 21.7% | 15.4% | ||
| Q3 25 | 21.7% | 15.6% | ||
| Q2 25 | 17.1% | 12.9% | ||
| Q1 25 | 13.5% | 12.1% | ||
| Q4 24 | 23.1% | 11.3% | ||
| Q3 24 | 20.1% | 11.0% | ||
| Q2 24 | 15.7% | 10.7% | ||
| Q1 24 | 9.6% | 9.7% |
| Q4 25 | 1.7% | 0.8% | ||
| Q3 25 | 1.4% | 1.6% | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 1.5% | 1.8% | ||
| Q2 24 | 1.1% | 3.0% | ||
| Q1 24 | 1.4% | 3.0% |
| Q4 25 | 1.63× | 9.81× | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.70× | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
