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Badger Meter BMI Gross Profit

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Other financials

Income statement

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Revenue$222.3M-6.6%
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%
CapEx$4.8M+22.9%
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

Calculated from Badger Meter’s reported figures.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net sales$222,321$238,095$424,598$460,306
Cost of sales131,548140,285249,498267,059
Gross margin90,77397,810175,100193,247
Selling, engineering and administration51,39652,947100,55298,959
Operating earnings39,37744,86374,54894,288
Interest income, net(319)(895)(1,457)(2,229)
Other pension and postretirement income(28)(28)(56)(56)
Earnings before income taxes39,72445,78676,06196,573

Item 1 Financial Statements

FAQ

What is Badger Meter's gross profit?
Badger Meter (BMI) reported gross profit of $90.77M in Q2 2026.
How has Badger Meter's gross profit changed year-over-year?
Badger Meter's gross profit decreased by 7.2% year-over-year, from $97.81M to $90.77M.
What is the long-term trend for Badger Meter's gross profit?
Over 4 years (2021 to 2025), Badger Meter's gross profit has grown at a 16.8% compound annual growth rate (CAGR), from $205.48M to $382.07M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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