BADGER METER INC
Company Stats
- Market Cap
- $3.6B
- as of Sep 30, 2026
- Shares Outstanding
- 28.6M
- Free Float
- 98.9%
Income Statement
- Revenue
- $916.7M
- Operating Income
- $183.4M
- Net Income
- $141.6M
- EBITDA
- $194.5M
- Revenue Growth, 3Y
- 17.5%
- FCF Margin, 3Y Avg
- 16.6%
- FCF Margin, Worst Year
- 13.9%
Cash Flow
- Free Cash Flow
- $169.7M
- FCF Yield
- 4.7%
- Owner FCF Yield
- 4.5%
Returns & Capital
- Dividends Paid
- $43.5M
- Dividend Yield
- 1.2%
- Dividend Payout, 3Y Avg
- 30.3%
- Share Repurchases
- $15.0M
- Buyback Yield, 3Y Avg
- 0.1%
- SBC, 3Y Avg
- $6.9M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $916.7M | $169.7M | 18.5% |
| FY2024 | $826.6M | $142.2M | 17.2% |
| FY2023 | $703.6M | $98.1M | 13.9% |
| FY2022 | $565.6M | $76.6M | 13.5% |
| FY2021 | $505.2M | $80.8M | 16.0% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges