$129.80
-0.062%Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
BMI โข NYSE
| Badger Meter, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
141.6M | 124.9M | 92.6M | 66.5M | 60.9M | 49.3M | 47.2M | 27.8M | 34.6M | 32.3M | 25.9M | 29.7M | 24.6M | 28M | 19.2M | 28.7M | 34.2M | 25.1M | 16.5M | 7.5M | |
34.6M | 32.2M | 28.1M | 26.2M | 27.9M | 25.2M | 24.1M | 24.3M | 24.4M | 22.4M | 20.6M | 15.7M | 13.5M | 12.1M | 9.5M | 8.5M | 8.2M | 7.1M | 6.5M | 7M | |
-854K | -11.1M | -9.7M | -5.6M | -3M | -3.1M | -1.5M | -5.3M | -4.1M | 710K | -3M | -1.3M | 1.5M | -551K | -800K | 2M | 5.2M | -1.5M | -1.1M | -2.1M | |
9.2M | 6.2M | 5.2M | 3.1M | 2.3M | 1.4M | 1.2M | 4.2M | 1.7M | 1.5M | 1.5M | 1.4M | 1.4M | 1.3M | 1.5M | 1.4M | 1.2M | 1.3M | 1.2M | 0.0 | |
136K | -153K | -338K | -648K | -234K | 206K | -40K | 17.5M | -111K | -340K | 1.3M | 4.4M | 1.4M | -975K | 4.7M | -3.2M | -15M | 2.4M | 2.7M | 5.5M | |
(0.0) | (56M) | (38.9M) | (24M) | (20M) | (18M) | (13.1M) | (12.5M) | (17.9M) | (19.7M) | (18.2M) | (17.2M) | (15.3M) | (15.2M) | (10.3M) | (10.9M) | (13.2M) | (10.9M) | (0.0) | (0.0) | |
-992K | 3M | -5.8M | -7.2M | -277K | 16.5M | 9.7M | -8.2M | -6.7M | -459K | -10.5M | -14.1M | -7.5M | -5M | -2.7M | -18.9M | 2.9M | -7.3M | 2.6M | -1.2M | |
183.7M | 155M | 110.1M | 82.5M | 87.5M | 89.6M | 80.7M | 60.4M | 49.8M | 56.2M | 35.8M | 35.7M | 34.8M | 34.8M | 31.3M | 18.4M | 36.6M | 27.1M | 28.3M | 16.8M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-14M | -12.8M | -12M | -5.9M | -6.7M | -9.1M | -7.5M | -8.6M | -15.1M | -10.6M | -19.8M | -12.3M | -14.3M | -8.2M | -5.3M | -17.3M | -7.8M | -38.9M | -16M | -11.1M | |
-184M | -3M | -17.1M | -45.3M | -45.3M | -29.1M | -8M | -8M | -20.4M | -1.8M | -1.9M | -20.8M | -15.4M | -51.5M | -4M | -7.3M | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 45.3M | 596K | 0.0 | 8M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -51.5M | -9.5M | -1.5M | -24M | 723K | 2.9M | -516K | |
-198.1M | -15.8M | -29.1M | -5.9M | -51.4M | -38.2M | -7.5M | -16.7M | -35.4M | -12.4M | -21.7M | -33.2M | -29.7M | -59.7M | -9.3M | -26M | -7.8M | -38.2M | -13.1M | -11.6M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-14.4M | 751K | 967K | -427K | -388K | -2.9M | -5M | -4.3M | -3.8M | 518K | 470K | 469K | 498K | -29.5M | 493K | -848K | 183K | 176K | 1.7M | 3.6M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -4.6M | -13.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 65.1M | -11.9M | 5M | -17.2M | 8.6M | -9.9M | -5.9M | |
-43.5M | -35.8M | -29.1M | -24.9M | -22.2M | -20.3M | -18.6M | -16.3M | -14.2M | -12.5M | -11.3M | -10.6M | -10M | -9.5M | -9M | -7.8M | -6.8M | -5.9M | -4.9M | -4.3M | |
-15M | (0.0) | (0.0) | -427K | -460K | -3.1M | -5.2M | -4.8M | -4.4M | (0.0) | (0.0) | (0.0) | (0.0) | -30M | (0.0) | -1M | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 703K | 2.1M | -1M | -407K | -21.6M | 7.6M | -32.5M | -2.2M | 7.4M | 5.2M | 679K | 426K | 887K | 2.3M | 6M | 2M | 2.9M | |
-58M | -35.1M | -28.1M | -24.6M | -20.5M | -27.8M | -37.7M | -42.1M | -10.4M | -44.5M | -13M | -2.7M | -4.3M | 26.8M | -20M | -2.7M | -21.5M | 8.9M | -11.1M | -3.7M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
3M | -597K | 828K | -1.1M | -679K | -164K | 276K | 403K | -54K | -143K | 318K | -438K | -118K | -282K | -144K | 127K | -233K | -256K | -453K | -825K | |
-69.3M | 103.5M | 53.7M | 50.9M | 14.9M | 23.4M | 35.8M | 1.9M | 3.8M | -825K | 1.5M | -607K | 709K | 1.6M | 1.9M | -10.2M | 7.1M | -2.5M | 3.6M | 645K | |
295.3M | 191.8M | 138.1M | 87.2M | 72.3M | 48.9M | 13.1M | 11.2M | 7.3M | 8.2M | 6.7M | 7.3M | 6.6M | 5M | 3.1M | 13.3M | 6.2M | 8.7M | 5M | 4.4M | |
226M | 295.3M | 191.8M | 138.1M | 87.2M | 72.3M | 48.9M | 13.1M | 11.2M | 7.3M | 8.2M | 6.7M | 7.3M | 6.6M | 5M | 3.1M | 13.3M | 6.2M | 8.7M | 5M | |
169.7M | 142.2M | 98.1M | 76.6M | 80.8M | 80.5M | 73.2M | 51.7M | 34.7M | 45.6M | 16.1M | 23.4M | 20.5M | 26.6M | 26M | 1.1M | 28.8M | -11.8M | 12.3M | 5.7M |
BMI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 21, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 24, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 20, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 17, 2026 | April 17, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 13, 2026 | March 11, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 17, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 11, 2025 | December 10, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | October 22, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 21, 2025 | October 21, 2025 | 2025 |
Continue your BMI research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.