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Badger Meter BMI Debt-to-equity

Debt-to-equity at other companies

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Emerson ElectricEMR
0.4×-0.1×
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HubbellHUBB
0.6×+0.2×
Itron logo
ItronITRI
+0.1×
ROP
Roper Technologies, Inc.ROP
0.6×+0.2×
Mueller Water Products logo
Mueller Water ProductsMWA
0.5×-0.1×
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XylemXYL
0.2×0.0×

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
Current ratio+0.1×

Where this comes from

Calculated from Badger Meter’s reported figures.

Based on the most recent quarter.

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 debt-to-equity?
Badger Meter (BMI) reported debt-to-equity of 0× in Q4 2025.
How has Badger Meter's debt-to-equity changed year-over-year?
Badger Meter's debt-to-equity increased by 79.8% year-over-year, from 0× to 0×.
What is the long-term trend for Badger Meter's debt-to-equity?
Over 5 years (2020 to 2025), Badger Meter's debt-to-equity has grown at a -2.3% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.