See more : Zenergy International, Inc. (ZENG) Income Statement Analysis – Financial Results
Complete financial analysis of Badger Meter, Inc. (BMI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Badger Meter, Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Badger Meter, Inc. (BMI)
About Badger Meter, Inc.
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 703.59M | 565.57M | 505.20M | 425.54M | 424.63M | 433.73M | 402.44M | 393.76M | 377.70M | 364.77M | 334.12M | 319.66M | 262.92M | 276.63M | 250.34M | 279.55M | 234.82M | 229.75M | 216.65M | 205.01M | 183.99M | 167.32M | 138.54M | 146.39M | 150.90M | 143.80M | 130.80M | 116.00M | 108.60M | 99.20M | 84.50M | 82.10M | 78.40M | 77.10M | 72.30M | 71.10M | 66.70M | 60.90M | 55.90M |
| Cost of Revenue | 427.15M | 345.60M | 299.71M | 257.30M | 261.10M | 271.38M | 246.69M | 243.19M | 241.92M | 233.63M | 217.13M | 197.41M | 173.10M | 173.81M | 153.32M | 181.09M | 153.42M | 153.13M | 142.79M | 137.53M | 123.47M | 111.32M | 94.04M | 87.30M | 86.00M | 81.80M | 78.00M | 69.40M | 65.10M | 58.40M | 47.80M | 48.20M | 45.20M | 42.90M | 41.30M | 41.10M | 38.60M | 35.10M | 36.30M |
| Gross Profit | 276.44M | 219.97M | 205.48M | 168.25M | 163.53M | 162.35M | 155.75M | 150.58M | 135.78M | 131.14M | 116.99M | 122.25M | 89.82M | 102.82M | 97.01M | 98.46M | 81.40M | 76.63M | 73.86M | 67.48M | 60.52M | 56.00M | 44.50M | 59.09M | 64.90M | 62.00M | 52.80M | 46.60M | 43.50M | 40.80M | 36.70M | 33.90M | 33.20M | 34.20M | 31.00M | 30.00M | 28.10M | 25.80M | 19.60M |
| Gross Profit Ratio | 39.29% | 38.89% | 40.67% | 39.54% | 38.51% | 37.43% | 38.70% | 38.24% | 35.95% | 35.95% | 35.01% | 38.24% | 34.16% | 37.17% | 38.75% | 35.22% | 34.66% | 33.35% | 34.09% | 32.91% | 32.89% | 33.47% | 32.12% | 40.36% | 43.01% | 43.12% | 40.37% | 40.17% | 40.06% | 41.13% | 43.43% | 41.29% | 42.35% | 44.36% | 42.88% | 42.19% | 42.13% | 42.36% | 35.06% |
| Research & Development | 19.00M | 15.80M | 14.70M | 11.60M | 11.90M | 11.10M | 10.60M | 10.60M | 10.65M | 9.50M | 10.50M | 9.57M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.50M | 6.40M | 6.50M | 5.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 158.52M | 132.81M | 126.88M | 103.24M | 101.67M | 125.34M | 100.12M | 99.81M | 93.41M | 85.10M | 77.88M | 77.78M | 62.29M | 58.00M | 54.77M | 57.56M | 50.78M | 47.84M | 49.92M | 47.28M | 46.42M | 42.81M | 38.43M | 42.00M | 42.50M | 43.30M | 30.30M | 27.30M | 25.60M | 24.50M | 28.40M | 27.70M | 25.90M | 25.50M | 22.80M | 22.30M | 21.00M | 20.50M | 14.80M |
| Selling & Marketing | -19.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 139.39M | 132.81M | 126.88M | 103.24M | 101.67M | 125.34M | 100.12M | 99.81M | 93.41M | 85.10M | 77.88M | 77.78M | 62.29M | 58.00M | 54.77M | 57.56M | 50.78M | 47.84M | 49.92M | 47.28M | 46.42M | 42.81M | 38.43M | 42.00M | 42.50M | 43.30M | 30.30M | 27.30M | 25.60M | 24.50M | 28.40M | 27.70M | 25.90M | 25.50M | 22.80M | 22.30M | 21.00M | 20.50M | 14.80M |
| Other Expenses | 0.00 | 0.00 | -120.00K | -145.00K | -288.00K | -19.86M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.07M | 5.70M | 4.70M | 4.00M | 4.10M | 4.40M | 4.40M | 4.30M | 4.10M | 4.00M | 3.80M | 3.20M | 3.10M | 3.00M | 2.80M | 2.20M |
| Operating Expenses | 158.39M | 132.81M | 126.88M | 103.24M | 101.67M | 125.34M | 100.12M | 99.81M | 93.41M | 85.10M | 77.88M | 77.78M | 62.29M | 58.00M | 54.77M | 57.56M | 50.78M | 47.84M | 49.92M | 47.28M | 46.42M | 42.81M | 38.43M | 48.07M | 48.20M | 48.00M | 41.80M | 37.80M | 36.50M | 34.80M | 32.70M | 31.80M | 29.90M | 29.30M | 26.00M | 25.40M | 24.00M | 23.30M | 17.00M |
| Cost & Expenses | 585.54M | 478.40M | 426.60M | 360.53M | 362.77M | 396.72M | 346.82M | 343.00M | 335.33M | 318.72M | 295.02M | 275.19M | 235.38M | 231.81M | 208.09M | 238.65M | 204.20M | 200.97M | 192.71M | 184.81M | 169.89M | 154.12M | 132.47M | 135.37M | 134.20M | 129.80M | 119.80M | 107.20M | 101.60M | 93.20M | 80.50M | 80.00M | 75.10M | 72.20M | 67.30M | 66.50M | 62.60M | 58.40M | 53.30M |
| Interest Income | 4.05M | 552.00K | 20.00K | 30.00K | 253.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 770.00K | 0.00 | 2.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 552.00K | 0.00 | 30.00K | 253.00K | 1.16M | 789.00K | 921.00K | 1.22M | 1.14M | 1.10M | 998.00K | 185.00K | 385.00K | 90.00K | 1.35M | 1.29M | 1.30M | 1.61M | 1.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 28.11M | 26.24M | 27.86M | 25.22M | 24.15M | 24.32M | 24.40M | 22.44M | 20.60M | 15.66M | 13.49M | 12.05M | 9.49M | 8.46M | 8.16M | 7.05M | 6.47M | 7.01M | 6.36M | 7.25M | 7.83M | 7.98M | 6.80M | 6.07M | 5.70M | 4.70M | 4.00M | 4.10M | 4.40M | 4.40M | 4.30M | 4.10M | 4.00M | 3.80M | 3.20M | 3.10M | 3.00M | 2.80M | 2.20M |
| EBITDA | 146.03M | 113.41M | 106.47M | 90.23M | 86.01M | 61.32M | 80.02M | 73.21M | 62.97M | 61.71M | 52.60M | 56.52M | 37.03M | 53.28M | 42.24M | 47.95M | 37.08M | 35.80M | 33.52M | 28.05M | 21.86M | 21.18M | 12.87M | 17.09M | 22.40M | 18.70M | 14.70M | 12.60M | 11.40M | 10.40M | 8.30M | 6.20M | 7.30M | 8.70M | 8.20M | 7.70M | 7.10M | 5.30M | 4.80M |
| EBITDA Ratio | 20.75% | 20.05% | 21.07% | 21.20% | 20.25% | 8.53% | 13.82% | 12.89% | 11.22% | 12.62% | 11.70% | 13.91% | 10.47% | 16.20% | 16.95% | 17.15% | 15.79% | 15.58% | 13.78% | 13.68% | 11.38% | 12.60% | 9.05% | 10.37% | 14.65% | 13.00% | 11.70% | 11.29% | 10.87% | 10.58% | 9.82% | 7.67% | 9.31% | 11.67% | 11.48% | 11.25% | 10.64% | 9.20% | 8.94% |
| Operating Income | 118.05M | 87.30M | 78.72M | 65.16M | 62.15M | 56.87M | 55.62M | 50.77M | 42.37M | 46.05M | 39.11M | 44.47M | 27.53M | 44.82M | 42.24M | 40.90M | 30.62M | 28.79M | 23.95M | 20.20M | 14.10M | 13.20M | 6.07M | 11.02M | 16.70M | 14.00M | 11.00M | 8.80M | 7.00M | 6.00M | 4.00M | 2.10M | 3.30M | 4.90M | 5.00M | 4.60M | 4.10M | 2.50M | 2.60M |
| Operating Income Ratio | 16.78% | 15.43% | 15.58% | 15.31% | 14.64% | 13.11% | 13.82% | 12.89% | 11.22% | 12.62% | 11.70% | 13.91% | 10.47% | 16.20% | 16.87% | 14.63% | 13.04% | 12.53% | 11.05% | 9.85% | 7.66% | 7.89% | 4.38% | 7.53% | 11.07% | 9.74% | 8.41% | 7.59% | 6.45% | 6.05% | 4.73% | 2.56% | 4.21% | 6.36% | 6.92% | 6.47% | 6.15% | 4.11% | 4.65% |
| Total Other Income/Expenses | 3.92M | 422.00K | -100.00K | -175.00K | -541.00K | -21.02M | -789.00K | -921.00K | -1.22M | -1.14M | -1.10M | -998.00K | -185.00K | -385.00K | 90.00K | -1.35M | -1.29M | -1.30M | -1.49M | -2.22M | -749.00K | -1.76M | -1.06M | -292.00K | -1.00M | -700.00K | -500.00K | -400.00K | -1.10M | -1.00M | -700.00K | -900.00K | -900.00K | -1.40M | -1.20M | -1.20M | -1.00M | -1.20M | -900.00K |
| Income Before Tax | 121.97M | 87.72M | 78.62M | 64.98M | 61.61M | 35.85M | 54.83M | 49.84M | 41.15M | 44.91M | 38.01M | 43.47M | 27.35M | 44.44M | 42.33M | 39.56M | 29.33M | 27.49M | 22.80M | 17.98M | 13.35M | 11.44M | 5.01M | 10.73M | 15.70M | 13.30M | 10.20M | 8.10M | 5.90M | 5.00M | 3.30M | 1.20M | 2.40M | 3.50M | 3.80M | 3.40M | 3.10M | 1.30M | 1.70M |
| Income Before Tax Ratio | 17.33% | 15.51% | 15.56% | 15.27% | 14.51% | 8.27% | 13.63% | 12.66% | 10.90% | 12.31% | 11.38% | 13.60% | 10.40% | 16.06% | 16.91% | 14.15% | 12.49% | 11.96% | 10.52% | 8.77% | 7.26% | 6.84% | 3.62% | 7.33% | 10.40% | 9.25% | 7.80% | 6.98% | 5.43% | 5.04% | 3.91% | 1.46% | 3.06% | 4.54% | 5.26% | 4.78% | 4.65% | 2.13% | 3.04% |
| Income Tax Expense | 29.37M | 21.22M | 17.74M | 15.64M | 14.43M | 8.06M | 20.26M | 17.55M | 15.21M | 15.23M | 13.39M | 15.44M | 8.19M | 15.78M | 15.55M | 14.47M | 10.94M | 10.92M | 9.55M | 8.35M | 5.77M | 4.17M | 1.65M | 3.79M | 6.00M | 5.10M | 3.70M | 3.00M | 2.20M | 1.80M | 1.10M | 400.00K | 800.00K | 1.20M | 1.40M | 1.30M | 1.30M | 100.00K | 400.00K |
| Net Income | 92.60M | 66.50M | 60.88M | 49.34M | 47.18M | 27.79M | 34.57M | 32.30M | 25.94M | 29.68M | 24.62M | 28.03M | 19.16M | 28.66M | 34.17M | 25.08M | 16.46M | 7.55M | 13.25M | 9.63M | 7.58M | 7.27M | 3.36M | 6.94M | 9.70M | 8.20M | 6.50M | 5.10M | 3.70M | 3.20M | 2.20M | -3.90M | 1.60M | 2.30M | 2.40M | 2.10M | 1.80M | 1.20M | 1.30M |
| Net Income Ratio | 13.16% | 11.76% | 12.05% | 11.60% | 11.11% | 6.41% | 8.59% | 8.20% | 6.87% | 8.14% | 7.37% | 8.77% | 7.29% | 10.36% | 13.65% | 8.97% | 7.01% | 3.29% | 6.12% | 4.70% | 4.12% | 4.35% | 2.43% | 4.74% | 6.43% | 5.70% | 4.97% | 4.40% | 3.41% | 3.23% | 2.60% | -4.75% | 2.04% | 2.98% | 3.32% | 2.95% | 2.70% | 1.97% | 2.33% |
| EPS | 3.16 | 2.28 | 2.09 | 1.70 | 1.63 | 0.96 | 1.20 | 1.12 | 0.90 | 1.03 | 0.86 | 0.98 | 0.64 | 0.96 | 1.16 | 0.86 | 0.58 | 0.27 | 0.49 | 0.37 | 0.30 | 0.29 | 0.13 | 0.26 | 0.35 | 0.28 | 0.23 | 0.18 | 0.13 | 0.12 | 0.08 | -0.14 | 0.06 | 0.09 | 0.10 | 0.09 | 0.08 | 0.05 | 0.06 |
| EPS Diluted | 3.14 | 2.26 | 2.08 | 1.69 | 1.61 | 0.95 | 1.19 | 1.11 | 0.90 | 1.03 | 0.85 | 0.98 | 0.64 | 0.96 | 1.14 | 0.85 | 0.56 | 0.26 | 0.48 | 0.36 | 0.29 | 0.28 | 0.13 | 0.25 | 0.33 | 0.27 | 0.21 | 0.17 | 0.13 | 0.12 | 0.08 | -0.14 | 0.06 | 0.09 | 0.10 | 0.09 | 0.08 | 0.05 | 0.06 |
| Weighted Avg Shares Out | 29.28M | 29.22M | 29.14M | 29.05M | 29.03M | 28.99M | 28.93M | 28.89M | 28.76M | 28.61M | 28.72M | 28.66M | 29.94M | 29.81M | 29.61M | 29.11M | 28.42M | 27.74M | 26.98M | 26.39M | 25.68M | 25.32M | 25.30M | 26.46M | 27.91M | 28.77M | 28.42M | 27.95M | 27.92M | 27.53M | 27.50M | 27.37M | 26.12M | 25.21M | 24.94M | 24.35M | 23.61M | 24.00M | 22.61M |
| Weighted Avg Shares Out (Dil) | 29.46M | 29.38M | 29.34M | 29.23M | 29.22M | 29.19M | 29.11M | 29.05M | 28.89M | 28.76M | 28.88M | 28.80M | 30.10M | 30.01M | 29.91M | 29.67M | 29.23M | 28.78M | 28.04M | 27.14M | 26.13M | 26.43M | 26.20M | 27.76M | 29.85M | 30.94M | 31.52M | 29.35M | 27.92M | 27.53M | 27.50M | 27.37M | 26.12M | 25.21M | 24.94M | 24.35M | 23.61M | 24.00M | 22.61M |
Badger Meter (BMI) Falls More Steeply Than Broader Market: What Investors Need to Know
Badger Meter (BMI) closed at $195.26 in the latest trading session, marking a -1.12% move from the prior day.
Badger Meter Stock Surges 28% YTD: Will the Rally Continue?
BMI's growth trajectory is buoyed by its robust financial performance. Strong opportunity funnel, order rates and increasing SaaS revenues remain tailwinds.
Badger Meter (BMI) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Badger Meter (BMI) closed at $202.94, marking a -0.18% move from the previous day.
Badger Meter: Compounding Intrinsic Worth At Attractive Rates
Badger Meter stock is up 32% following my last buy recommendation, with potential for further multiple expansion. The company is compounding capital at high rates, creating economic value for shareholders, and is worth more than its current market value in...
3 Reasons Why Growth Investors Shouldn't Overlook Badger Meter (BMI)
Badger Meter (BMI) could produce exceptional returns because of its solid growth attributes.
Bank of Japan will take longer to hike rates given the yen's rapid strengthening, BMI says
The Bank of Japan will adopt a more cautious approach to hiking interest rates after the recent global market turmoil and to avoid rapid appreciation in the yen, BMI said in a recent note. "We expect that the BoJ will...
Badger Meter (BMI) Surges 25% in 6 Months: Is it Still a Buy?
Badger Meter's (BMI) performance to gain from a strong opportunity funnel, bid pipeline, order rates and increasing SaaS revenues.
Badger Meter Raises Dividend 26% Representing 32 Years of Consecutive Annual Dividend Growth
MILWAUKEE--(BUSINESS WIRE)--The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today authorized a 26% increase in its quarterly common stock dividend to $0.34 per share from $0.27 per share. The increased dividend is payable September 6, 2024, to shareholders...
Zacks Industry Outlook Watts Water Technologies, Badger Meter and Transcat
Watts Water Technologies, Badger Meter and Transcat have been highlighted in this Industry Outlook article.
3 Instruments Stocks Set to Ride on Digitized Technology Demand
Focus on higher energy efficiency, the rising adoption of industrial automation and optimum resource utilization should drive the Zacks Instruments - Control industry. Watts Water (WTS), Badger Meter (BMI) and Transcat (TRNS) are well-positioned to gain from the evolving market...
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