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BADGER METER INC（BMI）与Broadridge Financial Solutions（BR）财务数据对比。点击上方公司名可切换其他公司
Broadridge Financial Solutions的季度营收约是BADGER METER INC的7.3倍（$1.7B vs $234.1M）。Broadridge Financial Solutions净利率更高（16.6% vs 14.3%，领先2.3%）。BADGER METER INC同比增速更快（14.1% vs -5.4%）。过去两年Broadridge Financial Solutions的营收复合增速更高（10.4% vs 9.2%）
Badger Meter Inc是全球领先的流量测量与控制解决方案供应商，主要服务水务企业、工业、商业及住宅客户群体，核心产品包括智能水表、物联网使用监测系统及配套软件，可帮助客户追踪资源消耗、减少浪费、提升运营效率，核心市场覆盖北美、欧洲及亚太地区。
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
BMI vs BR — 直观对比
营收规模更大
BR
是对方的7.3倍
$234.1M
营收增速更快
BMI
高出19.5%
-5.4%
净利率更高
BR
高出2.3%
14.3%
两年增速更快
BR
近两年复合增速
9.2%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $234.1M | $1.7B |
| 净利润 | $33.6M | $284.6M |
| 毛利率 | 39.7% | 27.6% |
| 营业利润率 | 18.4% | 12.0% |
| 净利率 | 14.3% | 16.6% |
| 营收同比 | 14.1% | -5.4% |
| 净利润同比 | 9.3% | 17.1% |
| 每股收益（稀释后） | $1.13 | $2.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BMIBR
| Q4 25 | $234.1M | $1.7B | ||
| Q3 25 | $222.2M | — | ||
| Q2 25 | $238.1M | $2.1B | ||
| Q1 25 | $222.2M | $1.8B | ||
| Q4 24 | $205.2M | $1.6B | ||
| Q3 24 | $208.4M | $1.4B | ||
| Q2 24 | $216.7M | $1.9B | ||
| Q1 24 | $196.3M | $1.7B |
净利润BMIBR
| Q4 25 | $33.6M | $284.6M | ||
| Q3 25 | $35.1M | — | ||
| Q2 25 | $34.6M | $374.2M | ||
| Q1 25 | $38.4M | $243.1M | ||
| Q4 24 | $30.7M | $142.4M | ||
| Q3 24 | $32.0M | $79.8M | ||
| Q2 24 | $33.1M | $323.2M | ||
| Q1 24 | $29.1M | $213.7M |
毛利率BMIBR
| Q4 25 | 39.7% | 27.6% | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 41.1% | 37.3% | ||
| Q1 25 | 42.9% | 31.8% | ||
| Q4 24 | 40.3% | 27.9% | ||
| Q3 24 | 40.2% | 24.5% | ||
| Q2 24 | 39.4% | 35.5% | ||
| Q1 24 | 39.3% | 31.2% |
营业利润率BMIBR
| Q4 25 | 18.4% | 12.0% | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 18.8% | 24.1% | ||
| Q1 25 | 22.2% | 19.0% | ||
| Q4 24 | 19.1% | 13.3% | ||
| Q3 24 | 19.5% | 9.4% | ||
| Q2 24 | 19.2% | 22.7% | ||
| Q1 24 | 18.6% | 17.5% |
净利率BMIBR
| Q4 25 | 14.3% | 16.6% | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 14.5% | 18.1% | ||
| Q1 25 | 17.3% | 13.4% | ||
| Q4 24 | 15.0% | 9.0% | ||
| Q3 24 | 15.4% | 5.6% | ||
| Q2 24 | 15.3% | 16.6% | ||
| Q1 24 | 14.8% | 12.4% |
每股收益（稀释后）BMIBR
| Q4 25 | $1.13 | $2.42 | ||
| Q3 25 | $1.19 | — | ||
| Q2 25 | $1.17 | $3.17 | ||
| Q1 25 | $1.30 | $2.05 | ||
| Q4 24 | $1.04 | $1.20 | ||
| Q3 24 | $1.08 | $0.68 | ||
| Q2 24 | $1.12 | $2.72 | ||
| Q1 24 | $0.99 | $1.79 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $371.5M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $713.3M | $2.9B |
| 总资产 | $973.6M | $8.6B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资BMIBR
| Q4 25 | — | $371.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $562.2M | ||
| Q1 25 | — | $317.9M | ||
| Q4 24 | — | $290.6M | ||
| Q3 24 | — | $293.5M | ||
| Q2 24 | — | $305.2M | ||
| Q1 24 | — | $236.4M |
总债务BMIBR
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.5B |
股东权益BMIBR
| Q4 25 | $713.3M | $2.9B | ||
| Q3 25 | $702.5M | — | ||
| Q2 25 | $677.6M | $2.7B | ||
| Q1 25 | $641.7M | $2.4B | ||
| Q4 24 | $606.2M | $2.2B | ||
| Q3 24 | $591.2M | $2.2B | ||
| Q2 24 | $563.1M | $2.2B | ||
| Q1 24 | $535.6M | $2.3B |
总资产BMIBR
| Q4 25 | $973.6M | $8.6B | ||
| Q3 25 | $978.3M | — | ||
| Q2 25 | $936.4M | $8.5B | ||
| Q1 25 | $899.6M | $8.3B | ||
| Q4 24 | $816.4M | $8.2B | ||
| Q3 24 | $802.9M | $8.0B | ||
| Q2 24 | $781.3M | $8.2B | ||
| Q1 24 | $743.5M | $8.2B |
负债/权益比BMIBR
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 1.55× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $54.8M | — |
| 自由现金流经营现金流 - 资本支出 | $50.8M | — |
| 自由现金流率自由现金流/营收 | 21.7% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $169.7M | — |
8季度趋势，按日历期对齐
经营现金流BMIBR
| Q4 25 | $54.8M | — | ||
| Q3 25 | $51.3M | — | ||
| Q2 25 | $44.6M | $699.7M | ||
| Q1 25 | $33.0M | $360.4M | ||
| Q4 24 | $52.1M | $236.7M | ||
| Q3 24 | $45.1M | $-125.5M | ||
| Q2 24 | $36.4M | $721.0M | ||
| Q1 24 | $21.5M | $207.4M |
自由现金流BMIBR
| Q4 25 | $50.8M | — | ||
| Q3 25 | $48.2M | — | ||
| Q2 25 | $40.6M | $684.1M | ||
| Q1 25 | $30.1M | $348.9M | ||
| Q4 24 | $47.4M | $227.9M | ||
| Q3 24 | $42.0M | $-133.4M | ||
| Q2 24 | $34.1M | $703.2M | ||
| Q1 24 | $18.8M | $184.6M |
自由现金流率BMIBR
| Q4 25 | 21.7% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 17.1% | 33.1% | ||
| Q1 25 | 13.5% | 19.3% | ||
| Q4 24 | 23.1% | 14.3% | ||
| Q3 24 | 20.1% | -9.4% | ||
| Q2 24 | 15.7% | 36.2% | ||
| Q1 24 | 9.6% | 10.7% |
资本支出强度BMIBR
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 2.3% | 0.6% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.1% | 0.9% | ||
| Q1 24 | 1.4% | 1.3% |
现金转化率BMIBR
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | 1.87× | ||
| Q1 25 | 0.86× | 1.48× | ||
| Q4 24 | 1.70× | 1.66× | ||
| Q3 24 | 1.41× | -1.57× | ||
| Q2 24 | 1.10× | 2.23× | ||
| Q1 24 | 0.74× | 0.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
