What are Badger Meter's profit margins?

Badger Meter (BMI) runs a 41.4% gross margin and a 18.9% operating margin, with a 14.6% net margin.

Where do Badger Meter's ratios come from?

Every ratio is computed from Badger Meter's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Badger Meter BMI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	41.4%-0.3pp	41.7%+0.4pp	41.3%+0.1pp	41.2%+0.4pp	40.8%+0.9pp
Operating margin	18.9%-1.1pp	20%+0.1pp	19.9%0.0pp	19.9%-0.1pp	20%+0.9pp
Net margin	14.6%-0.9pp	15.5%+0.1pp	15.4%-0.1pp	15.5%-0.2pp	15.7%+0.6pp
EBITDA margin	20.1%-1.1pp	21.2%+0.1pp	21.2%0.0pp	21.2%-0.1pp	21.3%+0.9pp
Free cash flow margin	18.9%+0.3pp	18.5%+0.1pp	18.5%+0.1pp	18.3%+0.3pp	18%+0.8pp
Returns
Return on equity	19.6%-1.9pp	21.5%0.0pp	21.5%-0.4pp	21.9%-0.9pp	22.8%+0.5pp
Return on assets	14%-1.9pp	15.8%+0.2pp	15.6%-0.2pp	15.8%-0.5pp	16.3%0.0pp
Efficiency
Asset turnover	1×-0.1×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Inventory turnover	3.2×-0.4×	3.6×+0.2×	3.4×+0.1×	3.3×+0.1×	3.3×-0.1×
Liquidity
Current ratio	3×-0.4×	3.4×+0.1×	3.2×0.0×	3.2×+0.3×	2.9×-1.7×
Quick ratio	2×-0.4×	2.4×+0.1×	2.2×+0.1×	2.2×+0.3×	1.9×-1.5×
Cash ratio	1.2×-0.3×	1.5×+0.2×	1.3×+0.1×	1.2×+0.3×	0.9×-1.6×
Per Share
Book value per share	$23.51-2.5%	$24.12+1.6%	$23.75+3.7%	$22.90+5.5%	$21.70+5.7%
Valuation
Market capitalization	$4.45B-13.5%	$5.14B-2.3%	$5.26B-27.7%	$7.28B+30.1%	$5.6B-10.3%
Price / earnings	34×-2.2×	36.3×-1.6×	37.9×-15.7×	53.6×+11.9×	41.7×-8.2×
Price / sales	5×-0.6×	5.6×-0.2×	5.8×-2.5×	8.3×+1.8×	6.6×-1.0×
Price / book	6.4×-0.8×	7.2×-0.3×	7.5×-3.3×	10.7×+2.0×	8.7×-1.6×
Free cash flow yield	3.8%+0.5pp	3.3%+0.1pp	3.2%+1.0pp	2.2%-0.5pp	2.7%+0.5pp
Earnings yield	2.9%+0.2pp	2.8%+0.1pp	2.6%+0.8pp	1.9%-0.5pp	2.4%+0.4pp
Dividend yield	1%+0.2pp	0.8%+0.1pp	0.8%+0.2pp	0.5%-0.1pp	0.7%+0.1pp

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Questions, answered.

What are Badger Meter's profit margins?: Badger Meter (BMI) runs a 41.4% gross margin and a 18.9% operating margin, with a 14.6% net margin.
Where do Badger Meter's ratios come from?: Every ratio is computed from Badger Meter's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.