Badger Meter, Inc. (BMI)

Badger Meter Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	852.49	826.56	703.59	565.57	505.2	425.54
Revenue Growth (YoY)	15.08%	17.48%	24.40%	11.95%	18.72%	0.22%
Cost of Revenue	505.05	497.37	427.15	345.6	299.71	257.3
Gross Profit	347.44	329.18	276.44	219.97	205.48	168.25
Selling, General & Admin	176.67	171.3	158.52	132.81	126.88	103.24
Operating Expenses	176.67	171.3	158.52	132.81	126.88	103.24
Operating Income	170.77	157.89	117.92	87.17	78.6	65.01
Interest Expense	-	-	-	-	-	-0.03
Interest & Investment Income	8.42	8.61	4.05	0.55	0.02	-
EBT Excluding Unusual Items	179.2	166.5	121.97	87.72	78.62	64.98
Pretax Income	179.2	166.5	121.97	87.72	78.62	64.98
Income Tax Expense	44.99	41.56	29.37	21.22	17.74	15.64
Net Income	134.21	124.94	92.6	66.5	60.88	49.34
Net Income to Common	134.21	124.94	92.6	66.5	60.88	49.34
Net Income Growth	31.17%	34.93%	39.25%	9.22%	23.39%	4.59%
Shares Outstanding (Basic)	29	29	29	29	29	29
Shares Outstanding (Diluted)	30	30	29	29	29	29
Shares Change (YoY)	0.26%	0.27%	0.27%	0.13%	0.37%	0.03%
EPS (Basic)	4.57	4.26	3.16	2.28	2.09	1.70
EPS (Diluted)	4.54	4.23	3.14	2.26	2.08	1.69
EPS Growth	30.84%	34.71%	38.94%	8.65%	23.08%	4.97%
Free Cash Flow	153.49	142.22	98.11	76.56	80.76	80.52
Free Cash Flow Per Share	5.19	4.82	3.33	2.61	2.75	2.75
Dividend Per Share	1.290	1.220	0.990	0.850	0.760	0.700
Dividend Growth	25.24%	23.23%	16.47%	11.84%	8.57%	9.38%
Gross Margin	40.76%	39.83%	39.29%	38.89%	40.67%	39.54%
Operating Margin	20.03%	19.10%	16.76%	15.41%	15.56%	15.28%
Profit Margin	15.74%	15.12%	13.16%	11.76%	12.05%	11.59%
Free Cash Flow Margin	18.00%	17.21%	13.94%	13.54%	15.99%	18.92%
EBITDA	203.23	190.07	146.03	113.41	106.47	90.23
EBITDA Margin	23.84%	23.00%	20.76%	20.05%	21.07%	21.20%
D&A For EBITDA	32.46	32.19	28.11	26.24	27.86	25.22
EBIT	170.77	157.89	117.92	87.17	78.6	65.01
EBIT Margin	20.03%	19.10%	16.76%	15.41%	15.56%	15.28%
Effective Tax Rate	25.10%	24.96%	24.08%	24.19%	22.56%	24.07%

Updated Apr 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q