BADGER METER INC

BMI 10-K · FY 2025

BMI FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue (FY) — — —
Show Product Lines breakouts
SaaS 73,641 56,878 +29.5%
Show Geography breakouts
Asia 14,282 11,239 +27.1%
CA 15,232 10,447 +45.8%
Europe 43,915 37,293 +17.8%
Middle East 10,985 16,776 -34.5%
MX 2,688 3,620 -25.7%
Other 3,619 1,991 +81.8%
US 825,942 745,192 +10.8%
Show — breakouts
Revenue 916,663 826,558 +10.9%
Show Business Acquisition breakouts
SmartCover Systems 39.7 — —
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 826,978 767,774 +7.7%
Transferred Over Time 89,685 58,784 +52.6%
Cost of Revenue (FY) — — —
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Cost of Revenue 534,593 497,374 +7.5%
Gross Profit (FY) — — —
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Gross Profit 382,070 329,184 +16.1%
Selling, General & Administrative (FY) — — —
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Selling, General & Administrative 198,649 171,248 +16.0%
Operating Income (FY) — — —
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Operating Income 183,421 157,936 +16.1%
Interest Income Expense Net (FY) — — —
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Interest Income Expense Net -5,124 -8,613 +40.5%
Pension And Other Postretirement Benefit Expense (FY) — — —
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Pension And Other Postretirement Benefit Expense -112 49 -328.6%
Income Before Taxes (FY) — — —
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Income Before Taxes 188,657 166,500 +13.3%
Income Tax Expense (Benefit) (FY) — — —
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Income Tax Expense (Benefit) 47,023 41,558 +13.2%
Net Income (FY) — — —
Show Equity Components breakouts
Retained Earnings 141,634 124,942 +13.4%
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Net Income 141,634 124,942 +13.4%
EPS (Basic) (FY) — — —
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EPS (Basic) 4.82 4.26 +13.1%
EPS (Diluted) (FY) — — —
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EPS (Diluted) 4.79 4.23 +13.2%
Wtd Avg Shares (Basic) (FY) — — —
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Wtd Avg Shares (Basic) 29,398 29,356 +0.1%
Weighted Average Number Diluted Shares Outstanding Adjustment (FY) — — —
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Weighted Average Number Diluted Shares Outstanding Adjustment 171 178 -3.9%
Wtd Avg Shares (Diluted) (FY) — — —
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Wtd Avg Shares (Diluted) 29,569 29,534 +0.1%
Research & Development (FY) — — —
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Research & Development 21.6 19.2 +12.5%
Comprehensive Income (FY) — — —
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Comprehensive Income 156,014 118,682 +31.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash (Q) — — —
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Cash 226,016 295,305 -23.5%
Accounts Receivable (Q) — — —
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Accounts Receivable 112,356 84,325 +33.2%
Inventory Finished Goods (Q) — — —
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Inventory Finished Goods 23,087 24,022 -3.9%
Inventory Work In Process (Q) — — —
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Inventory Work In Process 29,244 36,705 -20.3%
Inventory Raw Materials (Q) — — —
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Inventory Raw Materials 99,604 82,681 +20.5%
Inventory (Q) — — —
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Inventory 151,935 143,408 +5.9%
Prepaid Expenses & Other Current Assets (Q) — — —
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Prepaid Expenses & Other Current Assets 16,770 17,078 -1.8%
Total Current Assets (Q) — — —
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Total Current Assets 507,077 540,116 -6.1%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
Show Geography breakouts
Europe 15,837 13,727 +15.4%
MX 17,478 16,977 +3.0%
US 46,321 43,556 +6.3%
Show — breakouts
Property, Plant & Equipment 79,636 74,260 +7.2%
Intangible Assets (Q) — — —
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Intangible Assets 118,496 45,066 +162.9%
Other Non-Current Assets (Q) — — —
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Other Non-Current Assets 18,653 12,676 +47.2%
Deferred Tax Assets (Q) — — —
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Deferred Tax Assets 14,140 32,525 -56.5%
Goodwill (Q) — — —
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Goodwill 235,575 111,770 +110.8%
Show Business Acquisition breakouts
SmartCover Systems 118.3 — —
Total Assets (Q) — — —
Show Geography breakouts
Europe 156,428 131,892 +18.6%
MX 27,517 22,678 +21.3%
US 789,632 661,843 +19.3%
Show — breakouts
Total Assets 973,577 816,413 +19.3%
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 12,538 5,858 +114.0%
Other Assets
Property Plant And Equipment Gross (Q) — — —
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Property Plant And Equipment Gross 248,450 233,203 +6.5%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment (Q) — — —
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -168,814 -158,943 -6.2%
Current Liabilities
Accounts Payable (Q) — — —
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Accounts Payable 72,299 55,659 +29.9%
Employee Related Liabilities Current (Q) — — —
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Employee Related Liabilities Current 37,619 34,912 +7.8%
Product Warranty Accrual Classified Current (Q) — — —
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Product Warranty Accrual Classified Current 8,466 7,283 +16.2%
Other Liabilities Current (Q) — — —
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Other Liabilities Current 32,332 20,351 +58.9%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 150,716 118,205 +27.5%
Non-Current Liabilities
Deferred Revenue Noncurrent (Q) — — —
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Deferred Revenue Noncurrent 72,771 64,153 +13.4%
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 3,477 3,652 -4.8%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent (Q) — — —
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Other Postretirement Defined Benefit Plan Liabilities Noncurrent 2,499 3,033 -17.6%
Other Postretirement Benefits Payable Noncurrent (Q) — — —
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Other Postretirement Benefits Payable Noncurrent 6,658 6,927 -3.9%
Product Warranty Accrual Noncurrent (Q) — — —
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Product Warranty Accrual Noncurrent 13,108 9,410 +39.3%
Other Non-Current Liabilities (Q) — — —
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Other Non-Current Liabilities 11,054 4,801 +130.2%
Liabilities Noncurrent (Q) — — —
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Liabilities Noncurrent 109,567 91,976 +19.1%
Stockholders' Equity
Common Stock (Q) — — —
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Common Stock 37,221 37,221 0.0%
Additional Paid In Capital Common Stock (Q) — — —
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Additional Paid In Capital Common Stock 75,290 65,819 +14.4%
Retained Earnings (Q) — — —
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Retained Earnings 645,876 547,796 +17.9%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income 6,474 -7,906 +181.9%
Treasury Stock Value (Q) — — —
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Treasury Stock Value -51,567 -36,698 -40.5%
Total Stockholders' Equity (Q) — — —
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 1,619 1,146 +41.3%
Accumulated Other Comprehensive Income 6,474 -7,906 +181.9%
Accumulated Translation Adjustment 4,855 -9,052 +153.6%
Additional Paid In Capital 75,290 65,819 +14.4%
Common Stock 37,221 37,221 0.0%
Retained Earnings 645,876 547,796 +17.9%
Treasury Stock Common -51,567 -36,698 -40.5%
Show — breakouts
Total Stockholders' Equity 713,294 606,232 +17.7%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 973,577 816,413 +19.3%
Land And Improvements Gross (Q) — — —
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Land And Improvements Gross 9,544 9,237 +3.3%
Buildings And Improvements Gross (Q) — — —
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Buildings And Improvements Gross 74,956 71,526 +4.8%
Machinery And Equipment Gross (Q) — — —
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Machinery And Equipment Gross 163,950 152,440 +7.6%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation (FY) — — —
Show — breakouts
Depreciation 11,103 11,103 0.0%
Adjustment For Amortization (FY) — — —
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Adjustment For Amortization 23,481 21,082 +11.4%
Deferred Income Taxes (FY) — — —
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Deferred Income Taxes -854 -11,074 +92.3%
Noncurrent Employee Benefits (FY) — — —
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Noncurrent Employee Benefits 136 -153 +188.9%
Stock-Based Compensation (FY) — — —
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Stock-Based Compensation 9,190 6,182 +48.7%
Change in Accounts Receivable (FY) — — —
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Change in Accounts Receivable -20,115 -1,444 -1293.0%
Change in Inventory (FY) — — —
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Change in Inventory -987 10,320 -109.6%
Change in Accounts Payable (FY) — — —
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Change in Accounts Payable 14,399 -12,161 +218.4%
Change in Prepaid & Other Assets (FY) — — —
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Change in Prepaid & Other Assets -3,804 -15,312 +75.2%
Increase Decrease In Other Operating Liabilities (FY) — — —
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Increase Decrease In Other Operating Liabilities 9,515 21,549 -55.8%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities (FY) — — —
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Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities 42,064 30,092 +39.8%
Net Cash from Operations (FY) — — —
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Net Cash from Operations 183,698 155,034 +18.5%
Investing Activities
Capital Expenditures (FY) — — —
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Capital Expenditures -14,026 -12,818 -9.4%
Payments To Acquire Businesses Net Of Cash Acquired (FY) — — —
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Payments To Acquire Businesses Net Of Cash Acquired -184,024 -3,000 -6034.1%
Net Cash from Investing (FY) — — —
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Net Cash from Investing -198,050 -15,818 -1152.1%
Financing Activities
Payments Of Dividends Common Stock (FY) — — —
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Payments Of Dividends Common Stock -43,529 -35,847 -21.4%
Proceeds From Stock Options Exercised (FY) — — —
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Proceeds From Stock Options Exercised 554 751 -26.2%
Share Repurchases (FY) — — —
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Share Repurchases -15,002 — —
Net Cash from Financing (FY) — — —
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Net Cash from Financing -57,977 -35,096 -65.2%
Supplemental
Income Taxes Paid (FY) — — —
Show — breakouts
Income Taxes Paid 48,753 56,043 -13.0%
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 (FY) — — —
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Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 5,526 2,297 +140.6%
Income Taxes Paid (FY) — — —
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Income Taxes Paid 48,753 56,043 -13.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations (FY) — — —
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 3,040 -597 +609.2%
Net Change in Cash (FY) — — —
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Net Change in Cash -69,289 103,523 -166.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 226,016 295,305 -23.5%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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