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BMI · XBRL financial data

Badger Meter financial statements, every quarter

The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (BMI's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue from contracts with customers186,193182,440196,280216,658208,438205,182238,095235,651220,706202,277222,321235,938
Cost of goods and services sold113,470110,975*119,102131,290124,560122,422*140,285139,815127,719*117,950131,548137,089
Gross profit72,72371,46577,17885,36883,87882,76097,81095,83692,98784,32790,77398,849
Research and development—year only———year only——year only———
Selling, general and administrative41,30139,386*40,60043,85643,25543,537*52,94749,75249,938*49,15651,39651,107
Operating income (loss)31,42232,079*36,57841,51240,62339,223*44,86346,08443,049*35,17139,37747,742
Income tax expense (benefit)6,6218,723*8,96110,30610,87311,418*11,20212,36511,067*9,00210,00412,055
Net income (loss)25,96924,72129,13133,05632,03830,71734,58435,07733,57527,33529,72035,903
Earnings per share, basic USD per share0.890.840.991.131.091.051.181.191.140.941.021.25
Earnings per share, diluted USD per share0.880.840.991.121.081.041.171.191.140.931.021.24
Weighted average shares, basic thousands of shares29,295—29,32029,36129,370—29,41429,42429,375*29,21529,03828,750
Weighted average shares, diluted thousands of shares29,473—29,49429,52929,548—29,58529,58329,543*29,36529,14228,871

Balance sheet

CSV

Fiscal quarters (BMI's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents162,910191,782199,310226,212258,955295,305165,208201,693226,016205,45395,73367,928
Accounts receivable89,06383,50792,287106,22993,42784,325117,667115,056112,356110,290121,234111,826
Inventory147,788153,674160,444161,266158,517143,408147,261152,627151,935175,193178,091166,427
Prepaid and other current assets23,19113,21418,55715,51018,39717,07818,13925,21016,77017,36521,14721,719
Total current assets422,952442,177470,598509,217529,296540,116448,275494,586507,077508,301416,205367,900
Property and equipment, net74,43973,87872,93472,45473,27974,26077,93778,36279,63680,83483,43783,473
Right-of-use asset5,9035,5225,1206,4786,3925,858——12,538———
Goodwill112,698113,163113,474113,355115,001111,770235,699236,654235,575234,653302,609302,805
Total assets689,757716,919743,474781,260802,861816,413936,420978,270973,577970,808998,169943,648
Accounts payable84,99781,80790,61796,01177,38155,65974,12569,78672,299106,49097,82770,275
Total current liabilities128,782131,948135,094138,119129,163118,205138,710153,422150,716169,419171,872148,296
Retained earnings441,922458,719479,925505,040527,080547,796600,763624,054645,876661,540679,651702,903
Total stockholders' equity492,706516,482535,567563,138591,185606,232677,592702,510713,294690,431682,880651,132
Total liabilities and equity689,757716,919743,474781,260802,861816,413936,420978,270973,577970,808998,169943,648
Common shares outstanding (cover page) thousands of shares29,34729,35229,39429,41229,41129,41129,46929,45329,18229,18628,98728,564

Cash flows

CSV

Fiscal quarters (BMI's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)25,96924,72129,13133,05632,03830,71734,58435,07733,57527,33529,72035,903
Stock-based compensation1,356*1,225*1,2712,010*1,314*1,587*2,576*2,041*2,745*2,1683,179*2,474*
Net cash from operating activities31,433*37,945*21,46036,419*45,088*52,067*44,586*51,284*54,801*33,89326,711*43,274*
Purchases of property and equipment3,014*2,054*2,6762,341*3,132*4,669*3,938*3,089*4,033*4,4274,839*2,992*
Net cash from investing activities(3,014)*(2,054)*(5,676)(2,341)*(3,132)*(4,669)*(3,025)*(3,089)*(4,033)*(4,427)(99,214)*(2,538)*
Share repurchases—year only———year only0*—year only38,21325,254*55,547*
Dividends paid7,917*7,918*7,9427,934*9,986*9,985*10,004*11,770*11,738*11,70911,593*12,634*
Net cash from financing activities(7,008)*(7,918)*(7,712)(7,413)*(9,986)*(9,985)*(9,518)*(11,770)*(26,740)*(49,782)(36,847)*(68,181)*
Net change in cash21,105*28,872*7,52826,902*32,743*36,350*33,850*36,485*24,323*(20,563)(109,720)*(27,805)*

Compare with peers

SIC 3824 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 3824 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
CompanyCash ($K)Revenue, quarter ($K)Operating cash flow, quarter ($K)Shares outstandingQuarter
Badger Meter67,928235,93843,274*28.6M 10-QSep 30, 2026
MKS454,0001,248,000243,000*67.6M 10-QJun 30, 2026
Itron840,323599,333101,953*43.9M 10-QSep 30, 2026
Avantor464,3001,698,300195,100*677.6M 10-QSep 30, 2026
Illumina1,289,0001,129,000419,000*151.2M 10-QSep 27, 2026
Vontier265,800756,700116,300*135.2M 10-QJul 3, 2026
Cognex302,521291,26369,153*168.2M 10-QJul 5, 2026
Onto Innovation1,253,205343,12961,507*49.1M 10-QJun 30, 2026
Mirion Technologies408,700277,80059,200*not reported 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.