What are Badger Meter's profit margins?

Gross margin is 41.4% and operating margin is 18.9%, with a 14.6% net margin.

Where does Badger Meter's income statement data come from?

Every line is extracted from Badger Meter's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Badger Meter BMI Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Net interest income	$4.93M-3.8%	$5.12M-21.0%	$6.48M-13.0%	$7.45M-11.5%	$8.42M-2.2%
Total revenue	$896.73M-2.2%	$916.66M+1.7%	$901.14M+3.1%	$873.93M+2.5%	$852.49M+3.1%
Total cost of revenue	$525.77M-1.7%	$534.59M+1.0%	$529.3M+3.0%	$514.04M+1.8%	$505.05M+1.5%
Gross profit	$370.96M-2.9%	$382.07M+2.8%	$371.84M+3.3%	$359.89M+3.6%	$347.44M+5.5%
Gross margin	41.4%-0.3pp	41.7%+0.4pp	41.3%+0.1pp	41.2%+0.4pp	40.8%+0.9pp
Selling, general and administrative	$201.79M+1.6%	$198.65M+3.3%	$192.25M+3.5%	$185.75M+5.1%	$176.66M+3.2%
Operating income	$169.17M-7.8%	$183.42M+2.1%	$179.6M+3.1%	$174.13M+2.0%	$170.78M+8.1%
Operating margin	18.9%-1.1pp	20%+0.1pp	19.9%0.0pp	19.9%-0.1pp	20%+0.9pp
Income before income taxes	$174.21M-7.7%	$188.66M+1.3%	$186.15M+2.5%	$181.62M+1.4%	$179.2M+7.6%
Income tax expense	$43.64M-7.2%	$47.02M-0.7%	$47.37M+3.3%	$45.88M+2.0%	$44.99M+8.2%
Net income	$130.57M-7.8%	$141.63M+2.1%	$138.78M+2.2%	$135.74M+1.1%	$134.21M+7.4%
Net margin	14.6%-0.9pp	15.5%+0.1pp	15.4%-0.1pp	15.5%-0.2pp	15.7%+0.6pp
Diluted earnings per share	$4.43-7.7%	$4.80+2.1%	$4.70+2.4%	$4.59+1.1%	$4.54+7.3%
Basic earnings per share	$4.45-7.7%	$4.82+1.9%	$4.73+2.2%	$4.63+1.1%	$4.58+7.5%
Weighted-average shares, diluted	118.1M-0.2%	118.3M0.0%	118.3M0.0%	118.2M0.0%	118.2M+0.1%
Weighted-average shares, basic	117.5M-0.1%	117.6M0.0%	117.6M0.0%	117.5M0.0%	117.5M0.0%
Dividends declared (in dollars per share)	——	——	——	——	——
Interest Income (Expense), Operating	$4.93M-3.8%	$5.12M-21.0%	$6.48M-13.0%	$7.45M-11.5%	$8.42M-2.2%
U.K. pension settlement expense	-$112K0.0%	-$112K-55.6%	-$72K-132%	-$31K-444%	$9K-81.6%
Revenue From Contract With Customer Excluding Assessed Tax	$896.73M-2.2%	$916.66M+1.7%	$901.14M+3.1%	$873.93M+2.5%	$852.49M+3.1%
Add: dilutive effect of potential common shares (in shares)	——	——	$521.26K-3.4%	$539.89K+0.6%	$536.91K+2.3%
EBIT	$169.17M-7.8%	$183.42M+2.1%	$179.6M+3.1%	$174.13M+2.0%	$170.78M+8.1%
EBITDA	$180.29M-7.3%	$194.52M+2.0%	$190.69M+3.0%	$185.22M+1.9%	$181.8M+7.5%
EBITDA	$180.29M-7.3%	$194.52M+2.0%	$190.69M+3.0%	$185.22M+1.9%	$181.8M+7.5%
EBITDA margin	20.1%-1.1pp	21.2%+0.1pp	21.2%0.0pp	21.2%-0.1pp	21.3%+0.9pp
EBIT	$169.17M-7.8%	$183.42M+2.1%	$179.6M+3.1%	$174.13M+2.0%	$170.78M+8.1%

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Questions, answered.

What are Badger Meter's profit margins?: Gross margin is 41.4% and operating margin is 18.9%, with a 14.6% net margin.
Where does Badger Meter's income statement data come from?: Every line is extracted from Badger Meter's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.