BADGER METER INC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $916.7M | $826.6M | $703.6M | $565.6M | $505.2M |
| Gross profit | $382.1M | $329.2M | $276.4M | $220.0M | $205.5M |
| Operating income | $183.4M | $157.9M | $118.0M | $87.3M | $78.7M |
| Cost of revenue | $534.6M | $497.4M | $427.2M | $345.6M | $299.7M |
| Cash from operations | $183.7M | $155.0M | $110.1M | $82.5M | $87.5M |
| Capital expenditure | $14.0M | $12.8M | $12.0M | $5.9M | $6.7M |
| Free cash flow | $169.7M | $142.2M | $98.1M | $76.6M | $80.8M |
| Share repurchases | $15.0M | $0 | $0 | $427,000 | $460,000 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $973.6M | $816.4M | $716.9M | $603.0M | $530.8M |
Shares outstanding 29.2M · Free float 99.0%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.