Sign in

    Badger Meter Inc (BMI)

    Financials

    Updated Apr 18, 2025, 2:12 PM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Sales (USD, thousands)--196,280216,658.00208,438.00205,182.00826,558222,211
    Cost of Sales (USD, thousands)--119,102131,290.00124,560.00122,422.00497,374126,774
    Gross Margin (USD, thousands)--77,17885,368.0083,878.0082,760.00329,18495,437
    Selling, Engineering and Administration (USD, thousands)--40,60043,856.0043,255.0043,537.00171,24846,012
    Operating Earnings (USD, thousands)--36,57841,512.0040,623.0039,223.00157,93649,425
    Interest Income, Net (USD, thousands)--(1,526)(1,863.00)(2,300.00)(2,924.00)(8,613)(1,334)
    Other Pension and Postretirement Costs (USD, thousands)-------(28)
    Earnings Before Income Taxes (USD, thousands)--38,09243,362.0042,911.0042,135.00166,50050,787
    Provision for Income Taxes (USD, thousands)--8,96110,306.0010,873.0011,418.0041,55812,389
    Net Earnings (USD, thousands)--29,13133,056.0032,038.0030,717.00124,94238,398
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)191,782191,782199,310226,212258,955295,305131,358
    Receivables, net (USD, thousands)83,50783,50792,287106,22993,42784,32584,325111,855
    Finished goods (USD, thousands)34,76434,76437,41438,86735,72524,02224,02223,145
    Work in process (USD, thousands)41,26141,26141,17839,31539,01136,70536,70538,287
    Raw materials (USD, thousands)77,64977,64981,85283,08483,78182,68182,68187,973
    Total inventories (USD, thousands)153,674153,674160,444161,266158,517143,408143,408149,405
    Prepaid expenses and other current assets (USD, thousands)13,21413,21418,55715,51018,39717,07817,07818,959
    Total current assets (USD, thousands)442,177442,177470,598509,217529,296540,116540,116411,577
    Less accumulated depreciation (USD, thousands)(152,110)(152,110)(154,109)(156,955)(158,498)(158,943)(158,943)(162,345)
    Net property, plant and equipment (USD, thousands)73,87873,87872,93472,45473,27974,26074,26075,687
    Intangible assets, net (USD, thousands)53,73753,73752,47150,17848,95745,06645,066131,091
    Other assets (USD, thousands)11,24911,24911,29313,35013,54312,67612,67617,123
    Deferred income taxes - Assets (USD, thousands)22,71522,71522,70422,70622,78532,52524,287
    Goodwill (USD, thousands)113,163113,163113,474113,355115,001111,770111,770231,538
    Total assets (USD, thousands)716,919716,919743,474781,260802,861816,413899,596
    Payables (USD, thousands)81,80781,80790,61796,01177,38155,65955,65973,789
    Accrued compensation and employee benefits (USD, thousands)29,87129,87115,58821,76829,75634,91234,91217,298
    Warranty and after-sale costs, current (USD, thousands)11,10211,10212,42513,84915,6607,2837,2836,638
    Other current liabilities (USD, thousands)9,1689,16816,4646,4916,36620,35120,35143,292
    Total current liabilities (USD, thousands)131,948131,948135,094138,119129,163118,205141,017
    Long-term deferred revenue (USD, thousands)--54,18159,44960,87964,15364,15365,445
    Deferred income taxes - Liabilities (USD, thousands)5,0615,0614,8944,8385,1083,6523,65224,287
    Accrued non-pension postretirement benefits (USD, thousands)3,6143,6143,8313,7983,8083,0333,0333,289
    Other accrued employee benefits (USD, thousands)5,2935,2935,4046,0166,7046,9276,9276,226
    Warranty and after-sale costs, long-term (USD, thousands)-----9,4109,41010,690
    Other long-term liabilities (USD, thousands)4,7584,7584,5035,9026,0144,8014,8016,956
    Common stock (USD, thousands)37,22137,22137,22137,22137,22137,22137,22137,221
    Capital in excess of par value (USD, thousands)59,18559,18560,46862,91564,23465,81965,81967,516
    Reinvested earnings (USD, thousands)458,719458,719479,925505,040527,080547,796547,796576,196
    Accumulated other comprehensive loss (USD, thousands)(1,646)(1,646)(5,268)(5,343)(650)(7,906)(7,906)(2,748)
    Less: Treasury stock, at cost (USD, thousands)(36,997)(36,997)(36,779)(36,695)(36,700)(36,698)(36,698)(36,499)
    Total shareholders’ equity (USD, thousands)516,482516,482535,567563,138591,185606,232606,232641,686
    Total liabilities and shareholders’ equity (USD, thousands)716,919716,919743,474781,260802,861816,413816,413899,596
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net earnings [USD, thousands]--29,13133,056.0032,038.0030,717.00124,94238,398
    Depreciation [USD, thousands]--2,8922,849.002,589.002,773.0011,1032,804
    Amortization [USD, thousands]--5,1185,242.005,427.005,295.0021,0825,478
    Stock-based compensation expense [USD, thousands]--1,2712,010.001,314.001,587.006,1821,828
    Total adjustments [USD, thousands]--(7,671)3,363.0013,050.0021,350.0030,092(5,371)
    Net cash provided by operations [USD, thousands]--21,46036,419.0045,088.0052,067.00155,03433,027
    Property, plant and equipment expenditures [USD, thousands]--(2,676)(2,341.00)(3,132.00)(4,669.00)(12,818)(2,966)
    Acquisitions, net of cash acquired [USD, thousands]--(3,000)0.000.000.00(3,000)(184,937)
    Net cash used for investing activities [USD, thousands]--(5,676)(2,341.00)(3,132.00)(4,669.00)(15,818)(187,903)
    Dividends paid [USD, thousands]--(7,942)(7,934.00)(9,986.00)(9,985.00)(35,847)(10,017)
    Proceeds from exercise of stock options [USD, thousands]--230521.000.000.0075168
    Net cash used for financing activities [USD, thousands]--(7,712)(7,413.00)(9,986.00)(9,985.00)(35,096)(9,949)
    Effect of foreign exchange rates on cash [USD, thousands]--(544)237.00773.00(1,063.00)(597)878
    Increase in cash and cash equivalents [USD, thousands]--7,52826,902.0032,743.0036,350.00103,523(163,947)
    Noncurrent employee benefits [USD, thousands]--1(21)(12)(153)(153)-
    Receivables [USD, thousands]--(9,164)(23,217)(9,814)(1,444)(1,444)(20,497)
    Inventories [USD, thousands]--(6,405)(7,256)(3,367)10,32010,320(120)
    Payables [USD, thousands]--7,96013,339(5,242)(12,161)(12,161)16,294
    Prepaid expenses and other assets [USD, thousands]--(8,065)(8,489)(7,772)(15,312)(15,312)(4,107)
    Other liabilities [USD, thousands]--(1,279)1,9546,23721,54921,549(7,088)
    Cash and cash equivalents – beginning of period [USD, thousands]--191,782191,782191,782191,782191,782295,305
    Cash and cash equivalents – end of period [USD, thousands]--199,310226,212258,955295,305295,305131,358
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Utility Water Market-603.1170.1190.6183.0181.8725.5197.3
    - ORION Cellular--------
    - BEACON SaaS--------
    Municipal Water Products--------
    Flow Instrumentation-100.526.226.125.423.4101.124.9
    - Global Flow Instrumentation--------
    Specialty Products--------
    Total Revenue182.4703.6196.3216.7208.4205.2826.6222.2
    Revenue by Geography - in Millions of USDFY 2013Q1 2014Q2 2014 [N/A]Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    United States158.82621.166177.19193.96188.13185.91745.19201.975
    Asia3.3913.5452.9132.743.202.3911.243.122
    Canada2.9812.9582.1783.023.052.210.453.946
    Europe11.2239.1069.4099.419.658.8237.299.548
    Mexico2.134.2580.6211.430.481.093.620.477
    Middle East3.4610.3813.6115.463.444.2716.782.466
    Other0.452.1780.3580.640.500.491.990.677
    Total Revenue182.44703.592196.280216.66208.44205.18826.56222.211