stockrowBadger Meter, Inc.
BMI Technology Scientific & Technical Instruments
Badger Meter, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $916.7 million, up 10.9% from fiscal 2024.
- Revenue
- +0.12%
- EPS
- +5.04%
- Free cash flow
- −16.4%
Quarter to September 2026, against a year earlier
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Badger Meter, Inc. (BMI) Gross margin
Badger Meter, Inc.'s gross margin over the twelve months to 30 September 2026 was 41.6%, down 0.0 percentage points from fiscal 2025 (41.7%). Over the past ten years it has ranged from 36.0% (fiscal 2015) to 41.7% (fiscal 2025) — the current reading is the highest in ten years. That is below the Scientific & Technical Instruments industry median of 47.0% and below the Technology sector median of 47.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 41.7% | 1.85 |
| FY2024 | 39.8% | 0.54 |
| FY2023 | 39.3% | 0.40 |
| FY2022 | 38.9% | (1.78) |
| FY2021 | 40.7% | 1.13 |
| FY2020 | 39.5% | 1.03 |
| FY2019 | 38.5% | 1.08 |
| FY2018 | 37.4% | (1.27) |
| FY2017 | 38.7% | 0.46 |
| FY2016 | 38.2% | 2.29 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 41.9% | 1.07 |
| Jun 2026 | 40.8% | (0.86) |
| Mar 2026 | 41.7% | (0.44) |
| Dec 2025 | 42.1% | 1.46 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TRMB Trimble Inc. compare | 69.8% |
| CGNX Cognex Corporation compare | 68.9% |
| VNT Vontier Corporation compare | 47.2% |
| MKSI MKS Inc. compare | 47.0% |
| NOVT Novanta Inc. compare | 44.5% |
| ESE ESCO Technologies Inc. compare | 42.0% |
| BMI Badger Meter, Inc. | 41.6% |
| ITRI Itron, Inc. compare | 40.7% |
| ST Sensata Technologies Holding N.V. compare | 30.8% |
| Scientific & Technical Instruments industry median | 47.0% |
| Technology sector median | 47.1% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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