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Badger Meter BMI Q4 2025 Annual earnings

Reported January 28, 2026 · Before market open

Revenue$220.7MMiss by $10.6MDiluted EPS$1.14Miss by $0.01
Revenue estimate$231.3M
EPS estimate$1.15

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$220.2M
EPS estimate$1.01

Financials

Q4 2025

Income statement

See full
Revenue$220.7M+7.6%
Gross profit$93.0M+12.4%
Operating income$43.0M+9.8%
Net income$33.6M+9.3%
EPS (diluted)$1.14+9.6%

Balance sheet

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Cash & equivalents$226.0M-23.5%
Total debt$12.7M+111%
Total equity$713.3M+17.7%
Total assets$973.6M+19.3%

Cash flow

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Operating cash flow$54.8M+5.3%
CapEx$4.0M-13.6%
Free cash flow$50.8M+7.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$5.14B-17.6%
Enterprise value$4.93B-17.2%
P/E36.3×-13.6×
P/S5.6×-1.9×

Profitability

See full
Gross margin41.7%+1.9pp
Operating margin20%+0.9pp
Net margin15.5%+0.3pp
FCF margin18.5%+1.3pp

Returns & leverage

See full
Return on equity21.5%-0.8pp
Debt / equity0×0.0×
Current ratio3.4×-1.2×

Segments

By geography

See full
Europe$11.5M+30.8%
Asia$3.2M+35.4%
Middle East$2.5M-41.2%
Other Geographical Areas$978.0K+97.2%

By product

See full
Software As A Service$18.4M+29.5%

Versus estimates

Revenue

Q1 2026$202.3MMiss by $27.3M
Q4 2025$220.7MMiss by $10.6M
Q1 2025$222.2MBeat by $1.5MQ4 2024$205.2MMiss by $7.5MQ3 2024$208.4MMiss by $3.6MQ2 2024$216.7MBeat by $13.3M

Diluted EPS

Q1 2026$0.93Miss by $0.27
Q4 2025$1.14Miss by $0.01
Q1 2025$1.30Beat by $0.23Q4 2024$1.04Beat by $0.03Q3 2024$1.08Miss by $0.03Q2 2024$1.12Beat by $0.09

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Questions, answered.

When did Badger Meter report Q4 2025 earnings?
Badger Meter (BMI) reported Q4 2025 earnings on January 28, 2026 before market open.
What were Badger Meter's Q4 2025 revenue and EPS?
Badger Meter reported revenue of $220.7M and diluted EPS of $1.14 for Q4 2025.
Did Badger Meter beat estimates in Q4 2025?
Revenue missed the consensus estimate of $231.3M by $10.6M. EPS missed the consensus estimate of $1.15 by $0.01.
How did Badger Meter's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.6% from $205.2M a year earlier and diluted EPS grew 9.6% from $1.04.
Where can I find Badger Meter's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-026143) and the 10-K periodic report (0001193125-26-054739) directly on SEC EDGAR. The filing index links above go to sec.gov.