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Badger Meter BMI Operating margin

Operating margin at other companies

Hubbell logo
HubbellHUBB
20.7%+0.9pp
Itron logo
ItronITRI
13%+1.6pp
ROP
Roper Technologies, Inc.ROP
28.1%-0.1pp
Mueller Water Products logo
Mueller Water ProductsMWA
19.2%+3.7pp
Xylem logo
XylemXYL
13.6%+1.6pp
Veralto logo
VeraltoVLTO
23.1%-0.3pp

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
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×
Current ratio+0.1×

Where this comes from

Calculated from Badger Meter’s reported figures.

Based on trailing twelve months.

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 operating margin?
Badger Meter (BMI) reported operating margin of 18.9% in Q1 2026.
How has Badger Meter's operating margin changed year-over-year?
Badger Meter's operating margin decreased by 5.8% year-over-year, from 20% to 18.9%.
What is the long-term trend for Badger Meter's operating margin?
Over 5 years (2020 to 2025), Badger Meter's operating margin has grown at a 5.5% compound annual growth rate (CAGR), from 15.3% to 20%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.