What is Badger Meter's work in process?

Badger Meter (BMI) reported work in process of $35.3M in Q1 2026.

How has Badger Meter's work in process changed year-over-year?

Badger Meter's work in process decreased by 7.8% year-over-year, from $38.29M to $35.3M.

What is the long-term trend for Badger Meter's work in process?

Over 5 years (2020 to 2025), Badger Meter's work in process has grown at a 11.7% compound annual growth rate (CAGR), from $16.84M to $29.24M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Badger Meter BMI Work in process

Work in process at other companies

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$248.9M+11.0%

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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 / equity0×0.0×

Current ratio3×+0.1×

Where this comes from

Reported directly by Badger Meter in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

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 work in process?: Badger Meter (BMI) reported work in process of $35.3M in Q1 2026.
How has Badger Meter's work in process changed year-over-year?: Badger Meter's work in process decreased by 7.8% year-over-year, from $38.29M to $35.3M.
What is the long-term trend for Badger Meter's work in process?: Over 5 years (2020 to 2025), Badger Meter's work in process has grown at a 11.7% compound annual growth rate (CAGR), from $16.84M to $29.24M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.