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Badger Meter BMI Operating Income

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Other financials

Income statement

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Revenue$222.3M-6.6%
Gross profit$90.8M-7.2%
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

Reported directly by Badger Meter in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
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
Provision for income taxes10,00411,20219,00623,591

Item 1 Financial Statements

FAQ

What is Badger Meter's operating income?
Badger Meter (BMI) reported operating income of $39.38M in Q2 2026.
How has Badger Meter's operating income changed year-over-year?
Badger Meter's operating income decreased by 12.2% year-over-year, from $44.86M to $39.38M.
What is the long-term trend for Badger Meter's operating income?
Over 4 years (2021 to 2025), Badger Meter's operating income has grown at a 23.5% compound annual growth rate (CAGR), from $78.72M to $183.42M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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