Badger Meter financials
$125.99−0.43%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222.3M | $202.3M | $220.7M | $235.7M | $238.1M | $222.2M | $205.2M | $208.4M | $216.7M | $196.3M | $182.4M | $186.2M |
| Gross profit | $90.8M | $84.3M | $93.0M | $95.8M | $97.8M | $95.4M | $82.8M | $83.9M | $85.4M | $196.3M | $71.5M | $72.7M |
| Gross margin | 40.8% | 41.7% | 42.1% | 40.7% | 41.1% | 42.9% | 40.3% | 40.2% | 39.4% | 100.0% | 39.2% | 39.1% |
| Operating income | $39.4M | $35.2M | $43.0M | $46.1M | $44.9M | $49.4M | $39.2M | $40.6M | $41.5M | $36.6M | $32.0M | $31.4M |
| Net income | $29.7M | $27.3M | $33.6M | $35.1M | $34.6M | $38.4M | $30.7M | $32.0M | $33.1M | $29.1M | $24.7M | $26.0M |
| Net margin | 13.4% | 13.5% | 15.2% | 14.9% | 14.5% | 17.3% | 15.0% | 15.4% | 15.3% | 14.8% | 13.6% | 13.9% |
| Diluted EPS | $1.02 | $0.93 | $1.14 | $1.19 | $1.17 | $1.30 | $1.04 | $1.08 | $1.12 | $0.99 | $0.84 | $0.88 |
| EBITDA | $49.2M | $44.2M | $51.8M | $54.8M | $53.7M | $57.7M | $47.3M | $48.6M | $49.6M | $44.6M | $32.0M | $38.5M |
| Operating cash flow | $26.7M | $33.9M | $54.8M | $51.3M | $44.6M | $33.0M | $52.1M | $45.1M | $36.4M | $21.5M | $37.9M | $31.4M |
| Free cash flow | $21.9M | $29.5M | $50.8M | $48.2M | $40.6M | $30.1M | $47.4M | $42.0M | $34.1M | $18.8M | $35.9M | $28.4M |
| Diluted shares | 29.1M | 29.4M | 29.5M | 29.6M | 29.6M | 29.6M | 29.6M | 29.5M | 29.5M | 29.5M | 29.5M | 29.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $95.7M | $205.5M | $226.0M | $201.7M | $165.2M | $131.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $998.2M | $970.8M | $973.6M | $978.3M | $936.4M | $899.6M |
| Total liabilities | $315.3M | $280.4M | $260.3M | $275.8M | $258.8M | $257.9M |
| Shareholders' equity | $682.9M | $690.4M | $713.3M | $702.5M | $677.6M | $641.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology