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) Operating margin
Badger Meter, Inc.'s operating margin over the twelve months to 30 September 2026 was 18.8%, down 1.2 percentage points from fiscal 2025 (20.0%). Over the past ten years it has ranged from 11.2% (fiscal 2015) to 20.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Scientific & Technical Instruments industry median of 8.96% and above the Technology sector median of 0.31%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 20.0% | 0.90 |
| FY2024 | 19.1% | 2.33 |
| FY2023 | 16.8% | 1.35 |
| FY2022 | 15.4% | (0.15) |
| FY2021 | 15.6% | 0.27 |
| FY2020 | 15.3% | 0.67 |
| FY2019 | 14.6% | 1.53 |
| FY2018 | 13.1% | (0.95) |
| FY2017 | 14.1% | 0.68 |
| FY2016 | 13.4% | 2.16 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 20.2% | 2.52 |
| Jun 2026 | 17.7% | 0.32 |
| Mar 2026 | 17.4% | (2.12) |
| Dec 2025 | 19.5% | (0.05) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CGNX Cognex Corporation compare | 21.9% |
| VNT Vontier Corporation compare | 18.8% |
| BMI Badger Meter, Inc. | 18.8% |
| TRMB Trimble Inc. compare | 17.0% |
| MKSI MKS Inc. compare | 15.7% |
| ESE ESCO Technologies Inc. compare | 15.7% |
| ST Sensata Technologies Holding N.V. compare | 15.1% |
| ITRI Itron, Inc. compare | 13.7% |
| NOVT Novanta Inc. compare | 8.96% |
| Scientific & Technical Instruments industry median | 8.96% |
| Technology sector median | 0.31% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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