Income Statement

BADGER METER INC

BMI
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY Dec 31, 2016 2016 FY Dec 31, 2015 2015 FY Dec 31, 2014 2014 FY Dec 31, 2013 2013 FY Dec 31, 2012 2012 FY Dec 31, 2011 2011 FY
Revenue
916.66 826.56 703.59 565.57 505.20 425.54 424.63 433.73 402.44 393.76 377.70 364.77 334.12 319.66 262.92
Cost of Revenue
534.59 497.37 427.15 345.60 299.71 257.30 261.10 271.38 246.69 243.19 241.92 233.63 217.13 197.41 173.10
Gross Profit
382.07 329.18 276.44 219.97 205.48 168.25 163.53 162.35 155.75 150.58 135.78 131.14 116.99 122.25 89.82
Operating Expenses
198.65 171.25 158.39 132.68 126.76 103.09 101.38 105.48 100.12 99.81 93.41 85.10 77.88 77.78 62.29
Research & Development
- - - - - - - - - - - - - - -
Selling, General & Administrative
198.65 171.25 158.39 132.68 126.76 103.09 101.38 105.48 100.12 99.81 93.41 85.10 77.88 77.78 62.29
Other Operating Expenses
- - - - - - - - - - - - - - -
Operating Income
183.42 157.94 118.05 87.30 78.72 65.16 62.15 56.87 55.62 50.77 42.37 46.05 39.11 44.47 27.53
Non-Operating Income
-5.24 -8.56 -3.92 -0.42 0.10 0.18 0.54 21.02 0.79 0.92 1.22 1.14 1.10 1.00 0.19
Interest Income
- - - - - - - - - - - - - - -
Interest Expense
- - - - - - - - - - - - - - -
Other Non-Op Income / Expense
- - - - - - - - - - - - - - -
Income Before Tax
188.66 166.50 121.97 87.72 78.62 64.98 61.61 35.85 54.83 49.84 41.15 44.91 38.01 43.47 27.35
Income Tax Expense
47.02 41.56 29.37 21.22 17.74 15.64 14.43 8.06 20.26 17.55 15.21 15.23 13.39 15.44 8.19
Non-Controlling Interest
- - - - - - - - - - - - - - -
Net Income
141.63 124.94 92.60 66.50 60.88 49.34 47.18 27.79 34.57 32.30 25.94 29.68 24.62 28.03 19.16
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY Dec 31, 2016 2016 FY Dec 31, 2015 2015 FY Dec 31, 2014 2014 FY Dec 31, 2013 2013 FY Dec 31, 2012 2012 FY Dec 31, 2011 2011 FY
Depreciation & Amortization
- - - - - - - - - - - - - - -
EBITDA
183.42 157.94 118.05 87.30 78.72 65.16 62.15 56.87 55.62 50.77 42.37 46.05 39.11 44.47 27.53
Earnings Per Share (Basic)
4.82 4.26 3.16 2.28 2.09 1.70 1.63 0.96 - - - - - - 1.28
Diluted EPS
4.79 4.23 3.14 2.26 2.08 1.69 1.61 0.95 - - - - - - 1.27
Weighted Average Shares
29.40 0.03 0.03 0.03 0.03 0.03 0.03 0.03 28.93 28.89 14.38 14.31 14.36 14.33 14.97
Diluted Weighted Avg Shares
29.57 0.03 0.03 0.03 0.03 0.03 0.03 0.03 29.11 29.05 14.45 14.38 14.44 14.40 15.05
Comprehensive Income
156.01 118.68 96.94 60.38 59.71 50.23 47.02 40.96 35.31 33.44 25.01 25.35 31.04 28.65 17.73