Badger Meter, Inc. (BMI)

From the record

Badger Meter, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Badger Meter, Inc.'s 10 filed years say what it did: revenue went from $394 million in fiscal 2016 to $917 million in fiscal 2025, up 9.8% a year; it rose in 8 of 9 years; the deepest fall was 2% from fiscal 2018 to fiscal 2019; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Badger Meter, Inc.'s diluted share count grew about 0.2% a year, and dividends and buybacks returned about 27% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 4 sales and 9 purchases of their own stock on the open market in the year to 2026-10-02, buying about $2 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Badger Meter, Inc. earned about 20 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 39 cents per dollar of everything the company owns. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

From the record

Badger Meter, Inc.'s standing among 23 graded names in its industry family: revenue of $917 million in fiscal 2025 ranks in the top 43% by size; a net margin of 15.5% ranks in the top 11%; revenue growth of 17.5% a year over the last 3 filed years ranks in the top 7% (its annual reports).

From the record

Badger Meter, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Bockhorst, Kenneth (Chairman, President & CEO, as filed), filing under that title since 2019-01-25, 7.8 years (top 26% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 7.7 years (top 21%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 19 people in charge now (top 8%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Badger Meter, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash from operations less capital spending is 18.5% of revenue (top 25%); a gross margin of 41.7% (bottom 48%); research spending of 2.4% of revenue (bottom 33%) (its annual report).

From the record

Badger Meter, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17.5% a year over the last three filed years against 9.8% over all 10, speeding up (top 11% of its family); the newest year grew 10.9% (top 41%); research spending grew 11% a year (top 24%); capital spending grew 33.5% a year (top 11%) (its annual reports). Badger Meter, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Badger Meter, Inc.'s newest year against its own record: revenue of $917 million in fiscal 2025 came in 8.3% below the $999 million its prior three years' pace pointed to (bottom 7% of its family); net income of $142 million against a prior three-year average of $95 million (top 30%); a net margin of 15.5% against 13.3% before (bottom 48%) (its annual reports).