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Other financials

Income statement

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Revenue$222.3M-6.6%
Gross profit$90.8M-7.2%
Operating income$39.4M-12.2%
Net income$29.7M-14.1%
EPS (diluted)$1.02-12.8%

Balance sheet

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Cash & equivalents$95.7M-42.1%
Total debt$12.7M+111%
Total equity$682.9M+0.8%
Total assets$998.2M+6.6%

Cash flow

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Operating cash flow$26.7M-40.1%
Free cash flow$21.9M-46.2%

Valuation

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Market cap$3.98B-28.3%
P/E31.6×-9.2×
P/S4.5×-1.8×

Profitability

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Gross margin41.3%+0.1pp
Operating margin18.6%-1.3pp
Net margin14.3%-1.3pp
FCF margin17.1%-1.3pp

Returns & leverage

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Return on equity18.5%-3.4pp
Debt / equity0.0×
Current ratio2.4×-0.8×

Where this comes from

Reported directly by Badger Meter in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Badger Meter’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 3:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-313981
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Total adjustments3,5494,631
Net cash provided by operations60,60477,613
Investing activities:
Property, plant and equipment expenditures(9,266)(6,904)
Acquisitions, net of cash acquired(94,375)(184,024)
Net cash used for investing activities(103,641)(190,928)
Financing activities:
Dividends paid(23,302)(20,021)

Item 1 Financial Statements

FAQ

What is Badger Meter's capex?
Badger Meter (BMI) reported capex of $4.84M in Q2 2026.
How has Badger Meter's capex changed year-over-year?
Badger Meter's capex increased by 22.9% year-over-year, from $3.94M to $4.84M.
What is the long-term trend for Badger Meter's capex?
Over 4 years (2021 to 2025), Badger Meter's capex has grown at a 20.1% compound annual growth rate (CAGR), from $6.75M to $14.03M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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