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BADGER METER INC（BMI）与Vontier Corp（VNT）财务数据对比。点击上方公司名可切换其他公司
Vontier Corp的季度营收约是BADGER METER INC的3.5倍（$808.5M vs $234.1M）。Vontier Corp净利率更高（15.3% vs 14.3%，领先0.9%）。BADGER METER INC同比增速更快（14.1% vs 4.1%）。Vontier Corp自由现金流更多（$174.8M vs $50.8M）。过去两年BADGER METER INC的营收复合增速更高（9.2% vs 3.4%）
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。
Vontier Corp是一家总部位于美国北卡罗来纳州罗利市的工业制造企业，旗下拥有Gilbarco Veeder-Root、Matco Tools、Teletrac Navman等核心品牌，还控股Hennessy Industries、Gasboy、全球交通技术（GTT）等多家子公司，业务覆盖多个工业制造细分领域。
BMI vs VNT — 直观对比
营收规模更大
VNT
是对方的3.5倍
$234.1M
营收增速更快
BMI
高出10.0%
4.1%
净利率更高
VNT
高出0.9%
14.3%
自由现金流更多
VNT
多$124.0M
$50.8M
两年增速更快
BMI
近两年复合增速
3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $234.1M | $808.5M |
| 净利润 | $33.6M | $123.5M |
| 毛利率 | 39.7% | — |
| 营业利润率 | 18.4% | 18.9% |
| 净利率 | 14.3% | 15.3% |
| 营收同比 | 14.1% | 4.1% |
| 净利润同比 | 9.3% | 0.0% |
| 每股收益（稀释后） | $1.13 | $0.85 |
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BMIVNT
| Q4 25 | $234.1M | $808.5M | ||
| Q3 25 | $222.2M | $752.5M | ||
| Q2 25 | $238.1M | $773.5M | ||
| Q1 25 | $222.2M | $741.1M | ||
| Q4 24 | $205.2M | $776.8M | ||
| Q3 24 | $208.4M | $750.0M | ||
| Q2 24 | $216.7M | $696.4M | ||
| Q1 24 | $196.3M | $755.8M |
净利润BMIVNT
| Q4 25 | $33.6M | $123.5M | ||
| Q3 25 | $35.1M | $102.8M | ||
| Q2 25 | $34.6M | $91.9M | ||
| Q1 25 | $38.4M | $87.9M | ||
| Q4 24 | $30.7M | $123.5M | ||
| Q3 24 | $32.0M | $91.8M | ||
| Q2 24 | $33.1M | $70.1M | ||
| Q1 24 | $29.1M | $136.8M |
毛利率BMIVNT
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.1% | 47.3% | ||
| Q2 25 | 41.1% | 47.9% | ||
| Q1 25 | 42.9% | 47.3% | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 40.2% | 47.2% | ||
| Q2 24 | 39.4% | 48.2% | ||
| Q1 24 | 39.3% | 49.2% |
营业利润率BMIVNT
| Q4 25 | 18.4% | 18.9% | ||
| Q3 25 | 20.7% | 18.9% | ||
| Q2 25 | 18.8% | 17.6% | ||
| Q1 25 | 22.2% | 17.6% | ||
| Q4 24 | 19.1% | 19.2% | ||
| Q3 24 | 19.5% | 17.5% | ||
| Q2 24 | 19.2% | 16.4% | ||
| Q1 24 | 18.6% | 18.8% |
净利率BMIVNT
| Q4 25 | 14.3% | 15.3% | ||
| Q3 25 | 15.8% | 13.7% | ||
| Q2 25 | 14.5% | 11.9% | ||
| Q1 25 | 17.3% | 11.9% | ||
| Q4 24 | 15.0% | 15.9% | ||
| Q3 24 | 15.4% | 12.2% | ||
| Q2 24 | 15.3% | 10.1% | ||
| Q1 24 | 14.8% | 18.1% |
每股收益（稀释后）BMIVNT
| Q4 25 | $1.13 | $0.85 | ||
| Q3 25 | $1.19 | $0.70 | ||
| Q2 25 | $1.17 | $0.62 | ||
| Q1 25 | $1.30 | $0.59 | ||
| Q4 24 | $1.04 | $0.82 | ||
| Q3 24 | $1.08 | $0.60 | ||
| Q2 24 | $1.12 | $0.45 | ||
| Q1 24 | $0.99 | $0.88 |
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 | — | $492.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $713.3M | $1.2B |
| 总资产 | $973.6M | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BMIVNT
| Q4 25 | — | $492.2M | ||
| Q3 25 | — | $433.8M | ||
| Q2 25 | — | $364.2M | ||
| Q1 25 | — | $333.6M | ||
| Q4 24 | — | $356.4M | ||
| Q3 24 | — | $330.9M | ||
| Q2 24 | — | $331.3M | ||
| Q1 24 | — | $406.0M |
股东权益BMIVNT
| Q4 25 | $713.3M | $1.2B | ||
| Q3 25 | $702.5M | $1.2B | ||
| Q2 25 | $677.6M | $1.2B | ||
| Q1 25 | $641.7M | $1.1B | ||
| Q4 24 | $606.2M | $1.1B | ||
| Q3 24 | $591.2M | $1.0B | ||
| Q2 24 | $563.1M | $1.0B | ||
| Q1 24 | $535.6M | $984.9M |
总资产BMIVNT
| Q4 25 | $973.6M | $4.4B | ||
| Q3 25 | $978.3M | $4.4B | ||
| Q2 25 | $936.4M | $4.4B | ||
| Q1 25 | $899.6M | $4.3B | ||
| Q4 24 | $816.4M | $4.3B | ||
| Q3 24 | $802.9M | $4.3B | ||
| Q2 24 | $781.3M | $4.2B | ||
| Q1 24 | $743.5M | $4.3B |
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 | $190.1M |
| 自由现金流经营现金流 - 资本支出 | $50.8M | $174.8M |
| 自由现金流率自由现金流/营收 | 21.7% | 21.6% |
| 资本支出强度资本支出/营收 | 1.7% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.63× | 1.54× |
| 过去12个月自由现金流最近4个季度 | $169.7M | $441.1M |
8季度趋势，按日历期对齐
经营现金流BMIVNT
| Q4 25 | $54.8M | $190.1M | ||
| Q3 25 | $51.3M | $110.5M | ||
| Q2 25 | $44.6M | $100.0M | ||
| Q1 25 | $33.0M | $110.4M | ||
| Q4 24 | $52.1M | $168.1M | ||
| Q3 24 | $45.1M | $121.8M | ||
| Q2 24 | $36.4M | $46.1M | ||
| Q1 24 | $21.5M | $91.5M |
自由现金流BMIVNT
| Q4 25 | $50.8M | $174.8M | ||
| Q3 25 | $48.2M | $90.3M | ||
| Q2 25 | $40.6M | $83.3M | ||
| Q1 25 | $30.1M | $92.7M | ||
| Q4 24 | $47.4M | $148.0M | ||
| Q3 24 | $42.0M | $103.2M | ||
| Q2 24 | $34.1M | $22.3M | ||
| Q1 24 | $18.8M | $71.3M |
自由现金流率BMIVNT
| Q4 25 | 21.7% | 21.6% | ||
| Q3 25 | 21.7% | 12.0% | ||
| Q2 25 | 17.1% | 10.8% | ||
| Q1 25 | 13.5% | 12.5% | ||
| Q4 24 | 23.1% | 19.1% | ||
| Q3 24 | 20.1% | 13.8% | ||
| Q2 24 | 15.7% | 3.2% | ||
| Q1 24 | 9.6% | 9.4% |
资本支出强度BMIVNT
| Q4 25 | 1.7% | 1.9% | ||
| Q3 25 | 1.4% | 2.7% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 1.3% | 2.4% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 1.5% | 2.5% | ||
| Q2 24 | 1.1% | 3.4% | ||
| Q1 24 | 1.4% | 2.7% |
现金转化率BMIVNT
| Q4 25 | 1.63× | 1.54× | ||
| Q3 25 | 1.46× | 1.07× | ||
| Q2 25 | 1.29× | 1.09× | ||
| Q1 25 | 0.86× | 1.26× | ||
| Q4 24 | 1.70× | 1.36× | ||
| Q3 24 | 1.41× | 1.33× | ||
| Q2 24 | 1.10× | 0.66× | ||
| Q1 24 | 0.74× | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
