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BADGER METER INC

EDGAR

BMI Quarterly report (10-Q) · filed 2026-10-23

Annual consolidated revenue for 2025: about USD 916.7M, using the latest reported figures. The previous period, 2024, was about USD 826.6M.

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Watchlist

Latest quarter

Revenue

236 million USD

2026 Q3 · USD

Exact inputs and evidence

Revenue: 235938000 USD Source

Operating margin

20.23%

2026 Q3 · %

Exact inputs and evidence

Operating Income: 47742000 USD Source
Revenue: 235938000 USD Source

Operating cash flow

43.3 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 103878000 USD Source
Operating Cash Flow: 60604000 USD Source

Free cash flow

40.3 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 103878000 USD Source
Operating Cash Flow: 60604000 USD Source
Capital Expenditure: 12258000 USD Source
Capital Expenditure: 9266000 USD Source

Cash and cash equivalents: 89.2 million USD 2022-03-31 Source
Exact value

89219000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 37.2 million shares 2025-12-31 Source
Exact value

37221098 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

37221098 shares · 2024-12-31· Source
37221098 shares · 2025-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

881 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Revenue: 220706000 USD · 2025-10-01 – 2025-12-31 Source
Revenue: 202277000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 222321000 USD · 2026-04-01 – 2026-06-30 Source
Revenue: 235938000 USD · 2026-07-01 – 2026-09-30 Source

Net income

127 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Net income: 33575000 USD · 2025-10-01 – 2025-12-31 Source
Net income: 27335000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 29720000 USD · 2026-04-01 – 2026-06-30 Source
Net income: 35903000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

159 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Operating cash flow: 183698000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 128897000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 33893000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 60604000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 33893000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 103878000 USD · 2026-01-01 – 2026-09-30 Source
Operating cash flow: 60604000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

16.3 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Capital expenditure: 14026000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 9993000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 4427000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 9266000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 4427000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 12258000 USD · 2026-01-01 – 2026-09-30 Source
Capital expenditure: 9266000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

142 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Operating cash flow: 183698000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 128897000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 33893000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 60604000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 33893000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 103878000 USD · 2026-01-01 – 2026-09-30 Source
Operating cash flow: 60604000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 14026000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 9993000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 4427000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 9266000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 4427000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 12258000 USD · 2026-01-01 – 2026-09-30 Source
Capital expenditure: 9266000 USD · 2026-01-01 – 2026-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-23.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 5 of 11 periods available· newest 2021-12-31
long term debt: No compatible figures in this window
Shares outstanding: 8 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+10.9%

Prior period

USD 826.56 million

2024-01-01 – 2024-12-31
Current period

USD 916.66 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

916663000 − 826558000 = 90105000 USD

826558000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
916663000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Year-over-year change in Revenue: 90105000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 916663000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#2754390 Filing: 000119312526054739 Input fundies:Revenue: 826558000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#2756956 Filing: 000119312526054739
The citation records this snapshot. The page link may show a newer release later.
Net income
+13.4%

Prior period

USD 124.94 million

2024-01-01 – 2024-12-31
Current period

USD 141.63 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

141634000 − 124942000 = 16692000 USD

124942000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
141634000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Year-over-year change in Net income: 16692000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 141634000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1336383 Filing: 000119312526054739 Input fundies:NetIncome: 124942000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1256800 Filing: 000119312526054739
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+18.5%

Prior period

USD 155.03 million

2024-01-01 – 2024-12-31
Current period

USD 183.7 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

183698000 − 155034000 = 28664000 USD

155034000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
183698000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Year-over-year change in Operating cash flow: 28664000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 183698000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1039017 Filing: 000119312526054739 Input fundies:OperatingCashFlow: 155034000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1040757 Filing: 000119312526054739
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+9.4%

Prior period

USD 12.82 million

2024-01-01 – 2024-12-31
Current period

USD 14.03 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

14026000 − 12818000 = 1208000 USD

12818000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
14026000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Year-over-year change in Capital expenditure: 1208000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 14026000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1048139 Filing: 000119312526054739 Input fundies:CapitalExpenditure: 12818000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1049881 Filing: 000119312526054739
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 916.66 million 100% of revenue
Operating costs Derived USD 733.24 million 80% of revenue
Operating income USD 183.42 million 20% of revenue
Tax, interest and other Derived USD 41.79 million 4.6% of revenue
Net income USD 141.63 million 15% of revenue

Cash

Operating cash flow USD 183.7 million 20% of revenue
Capital expenditure USD 14.03 million 1.5% of revenue
Free cash flow Derived USD 169.67 million 19% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 87%
2017 86%
2018 87%
2019 11%85%
2020 12%85%
2021 12%84%
2022 12%85%
2023 13%83%
2024 15%81%
2025 15%80%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	393761000	341089000 Derived	52672000	20377000 Derived	32295000	45589000 Derived	Source 2016-01-01 – 2016-12-31: 393761000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 52672000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 32295000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 56185000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 10596000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	402440000	345845000 Derived	56595000	22024000 Derived	34571000	34682000 Derived	Source 2017-01-01 – 2017-12-31: 402440000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 56595000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 34571000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 49751000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 15069000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	433732000	376863000 Derived	56869000	29079000 Derived	27790000	51707000 Derived	Source 2018-01-01 – 2018-12-31: 433732000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 56869000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 27790000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 60350000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 8643000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	424625000	362477000 Derived	62148000	14971000 Derived	47177000	73218000 Derived	Source 2019-01-01 – 2019-12-31: 424625000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 62148000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 47177000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 80714000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 7496000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	425544000	360388000 Derived	65156000	15813000 Derived	49343000	80519000 Derived	Source 2020-01-01 – 2020-12-31: 425544000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 65156000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 49343000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 89578000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 9059000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	505198000	426475000 Derived	78723000	17839000 Derived	60884000	80764000 Derived	Source 2021-01-01 – 2021-12-31: 505198000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 78723000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 60884000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 87510000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 6746000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	565568000	478273000 Derived	87295000	20799000 Derived	66496000	76560000 Derived	Source 2022-01-01 – 2022-12-31: 565568000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 87295000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 66496000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 82451000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 5891000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	703592000	585543000 Derived	118049000	25451000 Derived	92598000	98114000 Derived	Source 2023-01-01 – 2023-12-31: 703592000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 118049000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 92598000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 110117000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 12003000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	826558000	668622000 Derived	157936000	32994000 Derived	124942000	142216000 Derived	Source 2024-01-01 – 2024-12-31: 826558000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 157936000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 124942000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 155034000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 12818000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	916663000	733242000 Derived	183421000	41787000 Derived	141634000	169672000 Derived	Source 2025-01-01 – 2025-12-31: 916663000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 183421000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 141634000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 183698000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 14026000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 916.7M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	393761000	Revenue: 393761000 Open source
20172017-12-31	Revenue	402440000	Revenue: 402440000 Open source
20182018-12-31	Revenue	433732000	Revenue: 433732000 Open source
20192019-12-31	Revenue	424625000	Revenue: 424625000 Open source
20202020-12-31	Revenue	425544000	Revenue: 425544000 Open source
20212021-12-31	Revenue	505198000	Revenue: 505198000 Open source
20222022-12-31	Revenue	565568000	Revenue: 565568000 Open source
20232023-12-31	Revenue	703592000	Revenue: 703592000 Open source
20242024-12-31	Revenue	826558000	Revenue: 826558000 Open source
20252025-12-31	Revenue	916663000	Revenue: 916663000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

10.9% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	4.3%	Revenue: 393761000 Open source Revenue: 377698000 Open source
20172017-12-31	Year over year	2.2%	Revenue: 402440000 Open source Revenue: 393761000 Open source
20182018-12-31	Year over year	7.8%	Revenue: 433732000 Open source Revenue: 402440000 Open source
20192019-12-31	Year over year	-2.1%	Revenue: 424625000 Open source Revenue: 433732000 Open source
20202020-12-31	Year over year	0.2%	Revenue: 425544000 Open source Revenue: 424625000 Open source
20212021-12-31	Year over year	18.7%	Revenue: 505198000 Open source Revenue: 425544000 Open source
20222022-12-31	Year over year	11.9%	Revenue: 565568000 Open source Revenue: 505198000 Open source
20232023-12-31	Year over year	24.4%	Revenue: 703592000 Open source Revenue: 565568000 Open source
20242024-12-31	Year over year	17.5%	Revenue: 826558000 Open source Revenue: 703592000 Open source
20252025-12-31	Year over year	10.9%	Revenue: 916663000 Open source Revenue: 826558000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 20% 2025

Net margin 15.5% 2025

Free cash flow margin 18.5% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	13.4%	Operating Income: 52672000 Open source Revenue: 393761000 Open source
20172017-12-31	Operating margin	14.1%	Operating Income: 56595000 Open source Revenue: 402440000 Open source
20182018-12-31	Operating margin	13.1%	Operating Income: 56869000 Open source Revenue: 433732000 Open source
20192019-12-31	Operating margin	14.6%	Operating Income: 62148000 Open source Revenue: 424625000 Open source
20202020-12-31	Operating margin	15.3%	Operating Income: 65156000 Open source Revenue: 425544000 Open source
20212021-12-31	Operating margin	15.6%	Operating Income: 78723000 Open source Revenue: 505198000 Open source
20222022-12-31	Operating margin	15.4%	Operating Income: 87295000 Open source Revenue: 565568000 Open source
20232023-12-31	Operating margin	16.8%	Operating Income: 118049000 Open source Revenue: 703592000 Open source
20242024-12-31	Operating margin	19.1%	Operating Income: 157936000 Open source Revenue: 826558000 Open source
20252025-12-31	Operating margin	20%	Operating Income: 183421000 Open source Revenue: 916663000 Open source
20162016-12-31	Net margin	8.2%	Net Income: 32295000 Open source Revenue: 393761000 Open source
20172017-12-31	Net margin	8.6%	Net Income: 34571000 Open source Revenue: 402440000 Open source
20182018-12-31	Net margin	6.4%	Net Income: 27790000 Open source Revenue: 433732000 Open source
20192019-12-31	Net margin	11.1%	Net Income: 47177000 Open source Revenue: 424625000 Open source
20202020-12-31	Net margin	11.6%	Net Income: 49343000 Open source Revenue: 425544000 Open source
20212021-12-31	Net margin	12.1%	Net Income: 60884000 Open source Revenue: 505198000 Open source
20222022-12-31	Net margin	11.8%	Net Income: 66496000 Open source Revenue: 565568000 Open source
20232023-12-31	Net margin	13.2%	Net Income: 92598000 Open source Revenue: 703592000 Open source
20242024-12-31	Net margin	15.1%	Net Income: 124942000 Open source Revenue: 826558000 Open source
20252025-12-31	Net margin	15.5%	Net Income: 141634000 Open source Revenue: 916663000 Open source
20162016-12-31	Free cash flow margin	11.6%	Revenue: 393761000 Open source Operating Cash Flow: 56185000 Open source Capital Expenditure: 10596000 Open source
20172017-12-31	Free cash flow margin	8.6%	Revenue: 402440000 Open source Operating Cash Flow: 49751000 Open source Capital Expenditure: 15069000 Open source
20182018-12-31	Free cash flow margin	11.9%	Revenue: 433732000 Open source Operating Cash Flow: 60350000 Open source Capital Expenditure: 8643000 Open source
20192019-12-31	Free cash flow margin	17.2%	Revenue: 424625000 Open source Operating Cash Flow: 80714000 Open source Capital Expenditure: 7496000 Open source
20202020-12-31	Free cash flow margin	18.9%	Revenue: 425544000 Open source Operating Cash Flow: 89578000 Open source Capital Expenditure: 9059000 Open source
20212021-12-31	Free cash flow margin	16%	Revenue: 505198000 Open source Operating Cash Flow: 87510000 Open source Capital Expenditure: 6746000 Open source
20222022-12-31	Free cash flow margin	13.5%	Revenue: 565568000 Open source Operating Cash Flow: 82451000 Open source Capital Expenditure: 5891000 Open source
20232023-12-31	Free cash flow margin	13.9%	Revenue: 703592000 Open source Operating Cash Flow: 110117000 Open source Capital Expenditure: 12003000 Open source
20242024-12-31	Free cash flow margin	17.2%	Revenue: 826558000 Open source Operating Cash Flow: 155034000 Open source Capital Expenditure: 12818000 Open source
20252025-12-31	Free cash flow margin	18.5%	Revenue: 916663000 Open source Operating Cash Flow: 183698000 Open source Capital Expenditure: 14026000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 183.7M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	56185000	Operating Cash Flow: 56185000 Open source
20172017-12-31	Operating cash flow	49751000	Operating Cash Flow: 49751000 Open source
20182018-12-31	Operating cash flow	60350000	Operating Cash Flow: 60350000 Open source
20192019-12-31	Operating cash flow	80714000	Operating Cash Flow: 80714000 Open source
20202020-12-31	Operating cash flow	89578000	Operating Cash Flow: 89578000 Open source
20212021-12-31	Operating cash flow	87510000	Operating Cash Flow: 87510000 Open source
20222022-12-31	Operating cash flow	82451000	Operating Cash Flow: 82451000 Open source
20232023-12-31	Operating cash flow	110117000	Operating Cash Flow: 110117000 Open source
20242024-12-31	Operating cash flow	155034000	Operating Cash Flow: 155034000 Open source
20252025-12-31	Operating cash flow	183698000	Operating Cash Flow: 183698000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 169.7M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	45589000	Operating Cash Flow: 56185000 Open source Capital Expenditure: 10596000 Open source
20172017-12-31	Free cash flow	34682000	Operating Cash Flow: 49751000 Open source Capital Expenditure: 15069000 Open source
20182018-12-31	Free cash flow	51707000	Operating Cash Flow: 60350000 Open source Capital Expenditure: 8643000 Open source
20192019-12-31	Free cash flow	73218000	Operating Cash Flow: 80714000 Open source Capital Expenditure: 7496000 Open source
20202020-12-31	Free cash flow	80519000	Operating Cash Flow: 89578000 Open source Capital Expenditure: 9059000 Open source
20212021-12-31	Free cash flow	80764000	Operating Cash Flow: 87510000 Open source Capital Expenditure: 6746000 Open source
20222022-12-31	Free cash flow	76560000	Operating Cash Flow: 82451000 Open source Capital Expenditure: 5891000 Open source
20232023-12-31	Free cash flow	98114000	Operating Cash Flow: 110117000 Open source Capital Expenditure: 12003000 Open source
20242024-12-31	Free cash flow	142216000	Operating Cash Flow: 155034000 Open source Capital Expenditure: 12818000 Open source
20252025-12-31	Free cash flow	169672000	Operating Cash Flow: 183698000 Open source Capital Expenditure: 14026000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	Total Assets: 349699000 Open source
2017-12-31	Liabilities / assets	Not reported	Total Assets: 391727000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 392691000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 421893000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 471217000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 530818000 Open source
2022-12-31	Liabilities / assets	Not reported	Total Assets: 603047000 Open source
2023-12-31	Liabilities / assets	Not reported	Total Assets: 716919000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 816413000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 973577000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

3.36× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	1.99×	Current Assets: 151012000 Open source Current Liabilities: 75838000 Open source
20172017-12-31	Current assets / current liabilities	1.7×	Current Assets: 158623000 Open source Current Liabilities: 93109000 Open source
20182018-12-31	Current assets / current liabilities	2.74×	Current Assets: 164659000 Open source Current Liabilities: 60015000 Open source
20192019-12-31	Current assets / current liabilities	3.5×	Current Assets: 200094000 Open source Current Liabilities: 57247000 Open source
20202020-12-31	Current assets / current liabilities	3.29×	Current Assets: 223688000 Open source Current Liabilities: 68036000 Open source
20212021-12-31	Current assets / current liabilities	3.18×	Current Assets: 261360000 Open source Current Liabilities: 82146000 Open source
20222022-12-31	Current assets / current liabilities	3.15×	Current Assets: 347832000 Open source Current Liabilities: 110312000 Open source
20232023-12-31	Current assets / current liabilities	3.35×	Current Assets: 442177000 Open source Current Liabilities: 131948000 Open source
20242024-12-31	Current assets / current liabilities	4.57×	Current Assets: 540116000 Open source Current Liabilities: 118205000 Open source
20252025-12-31	Current assets / current liabilities	3.36×	Current Assets: 507077000 Open source Current Liabilities: 150716000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 32.3 million Exact value Exact value: 32295000 USD 2016-01-01 – 2016-12-31: 32295000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2016-12-31 BADGER METER INC (edgar:9092) Net Income: 32295000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 32295000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459019004479/bmi-20181231.xml#160940 Filing: 000156459019004479 The citation records this snapshot. The page link may show a newer release later.	USD 56.19 million Exact value Exact value: 56185000 USD 2016-01-01 – 2016-12-31: 56185000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2016-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 56185000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 56185000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459019004479/bmi-20181231.xml#174008 Filing: 000156459019004479 The citation records this snapshot. The page link may show a newer release later.	USD 10.6 million Exact value Exact value: 10596000 USD 2016-01-01 – 2016-12-31: 10596000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2016-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 10596000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 10596000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459019004479/bmi-20181231.xml#174640 Filing: 000156459019004479 The citation records this snapshot. The page link may show a newer release later.	USD 45.59 million Calculation and evidence 56185000 − 10596000 USD Exact free cash flow: 45589000 USD 2016-01-01 – 2016-12-31: 56185000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 10596000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2016-12-31 BADGER METER INC (edgar:9092) Free cash flow: 45589000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 56185000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459019004479/bmi-20181231.xml#174008 Filing: 000156459019004479 Input fundies:CapitalExpenditure: 10596000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459019004479/bmi-20181231.xml#174640 Filing: 000156459019004479 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 34.57 million Exact value Exact value: 34571000 USD 2017-01-01 – 2017-12-31: 34571000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2017-12-31 BADGER METER INC (edgar:9092) Net Income: 34571000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 34571000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459020005707/bmi-10k_20191231.htm#1764586 Filing: 000156459020005707 The citation records this snapshot. The page link may show a newer release later.	USD 49.75 million Exact value Exact value: 49751000 USD 2017-01-01 – 2017-12-31: 49751000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2017-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 49751000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 49751000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459020005707/bmi-10k_20191231.htm#1589599 Filing: 000156459020005707 The citation records this snapshot. The page link may show a newer release later.	USD 15.07 million Exact value Exact value: 15069000 USD 2017-01-01 – 2017-12-31: 15069000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2017-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 15069000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 15069000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459020005707/bmi-10k_20191231.htm#1600659 Filing: 000156459020005707 The citation records this snapshot. The page link may show a newer release later.	USD 34.68 million Calculation and evidence 49751000 − 15069000 USD Exact free cash flow: 34682000 USD 2017-01-01 – 2017-12-31: 49751000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 15069000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2017-12-31 BADGER METER INC (edgar:9092) Free cash flow: 34682000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 49751000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459020005707/bmi-10k_20191231.htm#1589599 Filing: 000156459020005707 Input fundies:CapitalExpenditure: 15069000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459020005707/bmi-10k_20191231.htm#1600659 Filing: 000156459020005707 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 27.79 million Exact value Exact value: 27790000 USD 2018-01-01 – 2018-12-31: 27790000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2018-12-31 BADGER METER INC (edgar:9092) Net Income: 27790000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 27790000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459021008150/bmi-10k_20201231.htm#1280608 Filing: 000156459021008150 The citation records this snapshot. The page link may show a newer release later.	USD 60.35 million Exact value Exact value: 60350000 USD 2018-01-01 – 2018-12-31: 60350000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2018-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 60350000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 60350000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459021008150/bmi-10k_20201231.htm#1110721 Filing: 000156459021008150 The citation records this snapshot. The page link may show a newer release later.	USD 8.64 million Exact value Exact value: 8643000 USD 2018-01-01 – 2018-12-31: 8643000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2018-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 8643000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 8643000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459021008150/bmi-10k_20201231.htm#1121778 Filing: 000156459021008150 The citation records this snapshot. The page link may show a newer release later.	USD 51.71 million Calculation and evidence 60350000 − 8643000 USD Exact free cash flow: 51707000 USD 2018-01-01 – 2018-12-31: 60350000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 8643000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2018-12-31 BADGER METER INC (edgar:9092) Free cash flow: 51707000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 60350000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459021008150/bmi-10k_20201231.htm#1110721 Filing: 000156459021008150 Input fundies:CapitalExpenditure: 8643000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459021008150/bmi-10k_20201231.htm#1121778 Filing: 000156459021008150 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 47.18 million Exact value Exact value: 47177000 USD 2019-01-01 – 2019-12-31: 47177000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2019-12-31 BADGER METER INC (edgar:9092) Net Income: 47177000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 47177000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459022006284/bmi-10k_20211231.htm#1213742 Filing: 000156459022006284 The citation records this snapshot. The page link may show a newer release later.	USD 80.71 million Exact value Exact value: 80714000 USD 2019-01-01 – 2019-12-31: 80714000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2019-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 80714000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 80714000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459022006284/bmi-10k_20211231.htm#1043056 Filing: 000156459022006284 The citation records this snapshot. The page link may show a newer release later.	USD 7.5 million Exact value Exact value: 7496000 USD 2019-01-01 – 2019-12-31: 7496000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2019-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 7496000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 7496000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459022006284/bmi-10k_20211231.htm#1054260 Filing: 000156459022006284 The citation records this snapshot. The page link may show a newer release later.	USD 73.22 million Calculation and evidence 80714000 − 7496000 USD Exact free cash flow: 73218000 USD 2019-01-01 – 2019-12-31: 80714000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 7496000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2019-12-31 BADGER METER INC (edgar:9092) Free cash flow: 73218000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 80714000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459022006284/bmi-10k_20211231.htm#1043056 Filing: 000156459022006284 Input fundies:CapitalExpenditure: 7496000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000156459022006284/bmi-10k_20211231.htm#1054260 Filing: 000156459022006284 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 49.34 million Exact value Exact value: 49343000 USD 2020-01-01 – 2020-12-31: 49343000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2020-12-31 BADGER METER INC (edgar:9092) Net Income: 49343000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 49343000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017023003676/bmi-20221231.htm#1311259 Filing: 000095017023003676 The citation records this snapshot. The page link may show a newer release later.	USD 89.58 million Exact value Exact value: 89578000 USD 2020-01-01 – 2020-12-31: 89578000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2020-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 89578000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 89578000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017023003676/bmi-20221231.htm#1121994 Filing: 000095017023003676 The citation records this snapshot. The page link may show a newer release later.	USD 9.06 million Exact value Exact value: 9059000 USD 2020-01-01 – 2020-12-31: 9059000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2020-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 9059000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 9059000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017023003676/bmi-20221231.htm#1133209 Filing: 000095017023003676 The citation records this snapshot. The page link may show a newer release later.	USD 80.52 million Calculation and evidence 89578000 − 9059000 USD Exact free cash flow: 80519000 USD 2020-01-01 – 2020-12-31: 89578000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 9059000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2020-12-31 BADGER METER INC (edgar:9092) Free cash flow: 80519000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 89578000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017023003676/bmi-20221231.htm#1121994 Filing: 000095017023003676 Input fundies:CapitalExpenditure: 9059000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017023003676/bmi-20221231.htm#1133209 Filing: 000095017023003676 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 60.88 million Exact value Exact value: 60884000 USD 2021-01-01 – 2021-12-31: 60884000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2021-12-31 BADGER METER INC (edgar:9092) Net Income: 60884000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 60884000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017024016245/bmi-20231231.htm#937890 Filing: 000095017024016245 The citation records this snapshot. The page link may show a newer release later.	USD 87.51 million Exact value Exact value: 87510000 USD 2021-01-01 – 2021-12-31: 87510000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2021-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 87510000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 87510000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017024016245/bmi-20231231.htm#831937 Filing: 000095017024016245 The citation records this snapshot. The page link may show a newer release later.	USD 6.75 million Exact value Exact value: 6746000 USD 2021-01-01 – 2021-12-31: 6746000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2021-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 6746000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 6746000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017024016245/bmi-20231231.htm#838640 Filing: 000095017024016245 The citation records this snapshot. The page link may show a newer release later.	USD 80.76 million Calculation and evidence 87510000 − 6746000 USD Exact free cash flow: 80764000 USD 2021-01-01 – 2021-12-31: 87510000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 6746000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2021-12-31 BADGER METER INC (edgar:9092) Free cash flow: 80764000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 87510000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017024016245/bmi-20231231.htm#831937 Filing: 000095017024016245 Input fundies:CapitalExpenditure: 6746000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017024016245/bmi-20231231.htm#838640 Filing: 000095017024016245 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	USD 66.5 million Exact value Exact value: 66496000 USD 2022-01-01 – 2022-12-31: 66496000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2022-12-31 BADGER METER INC (edgar:9092) Net Income: 66496000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 66496000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017025020889/bmi-20241231.htm#1127395 Filing: 000095017025020889 The citation records this snapshot. The page link may show a newer release later.	USD 82.45 million Exact value Exact value: 82451000 USD 2022-01-01 – 2022-12-31: 82451000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2022-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 82451000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 82451000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017025020889/bmi-20241231.htm#997282 Filing: 000095017025020889 The citation records this snapshot. The page link may show a newer release later.	USD 5.89 million Exact value Exact value: 5891000 USD 2022-01-01 – 2022-12-31: 5891000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2022-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 5891000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 5891000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017025020889/bmi-20241231.htm#1006315 Filing: 000095017025020889 The citation records this snapshot. The page link may show a newer release later.	USD 76.56 million Calculation and evidence 82451000 − 5891000 USD Exact free cash flow: 76560000 USD 2022-01-01 – 2022-12-31: 82451000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 5891000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2022-12-31 BADGER METER INC (edgar:9092) Free cash flow: 76560000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 82451000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017025020889/bmi-20241231.htm#997282 Filing: 000095017025020889 Input fundies:CapitalExpenditure: 5891000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000095017025020889/bmi-20241231.htm#1006315 Filing: 000095017025020889 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 92.6 million Exact value Exact value: 92598000 USD 2023-01-01 – 2023-12-31: 92598000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2023-12-31 BADGER METER INC (edgar:9092) Net Income: 92598000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 92598000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1177059 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 110.12 million Exact value Exact value: 110117000 USD 2023-01-01 – 2023-12-31: 110117000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2023-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 110117000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 110117000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1042497 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 12 million Exact value Exact value: 12003000 USD 2023-01-01 – 2023-12-31: 12003000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2023-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 12003000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 12003000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1051623 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 98.11 million Calculation and evidence 110117000 − 12003000 USD Exact free cash flow: 98114000 USD 2023-01-01 – 2023-12-31: 110117000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 12003000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2023-12-31 BADGER METER INC (edgar:9092) Free cash flow: 98114000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 110117000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1042497 Filing: 000119312526054739 Input fundies:CapitalExpenditure: 12003000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1051623 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 124.94 million Exact value Exact value: 124942000 USD 2024-01-01 – 2024-12-31: 124942000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2024-12-31 BADGER METER INC (edgar:9092) Net Income: 124942000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 124942000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1256800 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 155.03 million Exact value Exact value: 155034000 USD 2024-01-01 – 2024-12-31: 155034000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2024-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 155034000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 155034000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1040757 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 12.82 million Exact value Exact value: 12818000 USD 2024-01-01 – 2024-12-31: 12818000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2024-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 12818000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 12818000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1049881 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 142.22 million Calculation and evidence 155034000 − 12818000 USD Exact free cash flow: 142216000 USD 2024-01-01 – 2024-12-31: 155034000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 12818000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2024-12-31 BADGER METER INC (edgar:9092) Free cash flow: 142216000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 155034000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1040757 Filing: 000119312526054739 Input fundies:CapitalExpenditure: 12818000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1049881 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 141.63 million Exact value Exact value: 141634000 USD 2025-01-01 – 2025-12-31: 141634000 USD Inspect Net Income Open source Share or cite Citation for Net Income · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Net Income: 141634000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 141634000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1336383 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 183.7 million Exact value Exact value: 183698000 USD 2025-01-01 – 2025-12-31: 183698000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Operating Cash Flow: 183698000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 183698000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1039017 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 14.03 million Exact value Exact value: 14026000 USD 2025-01-01 – 2025-12-31: 14026000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Capital Expenditure: 14026000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 14026000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1048139 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.	USD 169.67 million Calculation and evidence 183698000 − 14026000 USD Exact free cash flow: 169672000 USD 2025-01-01 – 2025-12-31: 183698000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 14026000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · BADGER METER INC · 2025-12-31 BADGER METER INC (edgar:9092) Free cash flow: 169672000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:19:19Z Snapshot: 3e30444a4216581077c44f423ce8be06ef2be4055b160acf7d3e4d2760732832 Dimensions: Consolidated View: https://fundies.io/companies/edgar/9092?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 183698000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1039017 Filing: 000119312526054739 Input fundies:CapitalExpenditure: 14026000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/9092/000119312526054739/bmi-20251231.htm#1048139 Filing: 000119312526054739 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

326 filings · 4,972 latest values · 4,972 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000009092, 9092, BMI, edgar:9092

Also known as BADGER METER INC, BADGER METER, INC., Badger Meter, Inc.

BADGER METER INC

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation