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Badger Meter BMI US — Revenue

Other geography segments

CA
$3.95M
MX
$477K

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Other financials

Income statement

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Revenue$202.3M-9.0%
Gross profit$84.3M-11.6%
Operating income$35.2M-28.8%
Net income$27.3M-28.8%
EPS (diluted)$0.93-28.5%

Balance sheet

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Cash & equivalents$205.5M+56.4%
Total debt$12.7M+111%
Total equity$690.4M+7.6%
Total assets$970.8M+7.9%

Cash flow

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Operating cash flow$33.9M+2.6%
CapEx$4.4M+49.3%
Free cash flow$29.5M-2.0%

Valuation

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Market cap$3.95B-20.5%
P/E30.3×-6.8×
P/S4.4×-1.4×

Profitability

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Gross margin41.4%+0.6pp
Operating margin18.9%-1.2pp
Net margin14.6%-1.2pp
FCF margin18.9%+0.8pp

Returns & leverage

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Return on equity19.6%-3.2pp
Debt / equity0.0×
Current ratio+0.1×

Where this comes from

Reported directly by Badger Meter in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Badger Meter’s 10-Q, filed April 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Badger Meter's US — revenue?
Badger Meter (BMI) reported US — revenue of $178.63M in Q1 2026.
How has Badger Meter's US — revenue changed year-over-year?
Badger Meter's US — revenue decreased by 11.6% year-over-year, from $201.98M to $178.63M.
What is the long-term trend for Badger Meter's US — revenue?
Over 4 years (2021 to 2025), Badger Meter's US — revenue has grown at a 17.6% compound annual growth rate (CAGR), from $432.29M to $825.94M.
What does US — revenue mean?
Represents the total gross sales generated from products and services within the specified geographic region, net of any sales-related taxes. This metric serves as a primary indicator of market demand and the company's ability to capture share within the domestic utility and industrial flow measurement sectors. It reflects the core top-line performance of the business unit before accounting for operating expenses or cost of goods sold.