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) Net margin
Badger Meter, Inc.'s net margin over the twelve months to 30 September 2026 was 14.4%, down 1.1 percentage points from fiscal 2025 (15.5%). Over the past ten years it has ranged from 6.41% (fiscal 2018) to 15.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Scientific & Technical Instruments industry median of 1.92% and above the Technology sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 15.5% | 0.33 |
| FY2024 | 15.1% | 1.96 |
| FY2023 | 13.2% | 1.40 |
| FY2022 | 11.8% | (0.29) |
| FY2021 | 12.1% | 0.45 |
| FY2020 | 11.6% | 0.49 |
| FY2019 | 11.1% | 4.70 |
| FY2018 | 6.41% | (2.18) |
| FY2017 | 8.59% | 0.39 |
| FY2016 | 8.20% | 1.33 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 15.2% | 1.85 |
| Jun 2026 | 13.4% | (0.14) |
| Mar 2026 | 13.5% | (1.70) |
| Dec 2025 | 15.2% | 0.32 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| ESE ESCO Technologies Inc. compare | 24.4% |
| CGNX Cognex Corporation compare | 16.1% |
| BMI Badger Meter, Inc. | 14.4% |
| ITRI Itron, Inc. compare | 12.1% |
| VNT Vontier Corporation compare | 11.3% |
| MKSI MKS Inc. compare | 10.1% |
| ST Sensata Technologies Holding N.V. compare | 9.53% |
| NOVT Novanta Inc. compare | 6.00% |
| TRMB Trimble Inc. compare | −2.77% |
| Scientific & Technical Instruments industry median | 1.92% |
| Technology sector median | 0.00% |
| Market median | 1.22% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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