Badger Meter annual free cash flow
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2025
Badger Meter Free Cash Flow (FCF) History (BMI)
Badger Meter reported $169.7M in free cash flow for fiscal 2025, an increase of 19.31% from the previous fiscal year, with a free cash flow margin of 18.51%.
View full Badger Meter company overviewBadger Meter free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $169.7M | $27.5M | +19.31% | +18.51% |
| 2024 | 2024-12-31 | $142.2M | $44.1M | +44.95% | +17.21% |
| 2023 | 2023-12-31 | $98.1M | $21.6M | +28.15% | +13.94% |
| 2022 | 2022-12-31 | $76.6M | −$4.2M | −5.21% | +13.54% |
| 2021 | 2021-12-31 | $80.8M | $245,000 | +0.30% | +15.99% |
| 2020 | 2020-12-31 | $80.5M | $7.3M | +9.97% | +18.92% |
| 2019 | 2019-12-31 | $73.2M | $21.5M | +41.60% | +17.24% |
| 2018 | 2018-12-31 | $51.7M | $17.0M | +49.09% | +11.92% |
| 2017 | 2017-12-31 | $34.7M | −$10.9M | −23.92% | +8.62% |
| 2016 | 2016-12-31 | $45.6M | $29.5M | +183.78% | +11.58% |
| 2015 | 2015-12-31 | $16.1M | −$7.3M | −31.35% | +4.25% |
| 2014 | 2014-12-31 | $23.4M | $2.9M | +14.12% | +6.42% |
| 2013 | 2013-12-31 | $20.5M | −$6.1M | −22.91% | +6.14% |
| 2012 | 2012-12-31 | $26.6M | $619,000 | +2.38% | +8.32% |
| 2011 | 2011-12-31 | $26.0M | $16.8M | +183.70% | +9.88% |
| 2010 | 2010-12-31 | $9.2M | −$19.7M | −68.24% | +3.31% |
| 2009 | 2009-12-31 | $28.8M | — | — | +11.52% |
Badger Meter quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $21.9M | −$18.8M | −46.19% | +9.84% |
| Q1 2026 | 2026-03-31 | $29.5M | −$595,000 | −1.98% | +14.57% |
| Q4 2025 | 2025-12-31 | $50.8M | $3.4M | +7.11% | +23.00% |
| Q3 2025 | 2025-09-30 | $48.2M | $6.2M | +14.87% | +20.45% |
| Q2 2025 | 2025-06-30 | $40.6M | $6.6M | +19.28% | +17.07% |
| Q1 2025 | 2025-03-31 | $30.1M | $11.3M | +60.04% | +13.53% |
| Q4 2024 | 2024-12-31 | $47.4M | $11.5M | +32.06% | +23.10% |
| Q3 2024 | 2024-09-30 | $42.0M | $13.5M | +47.63% | +20.13% |
| Q2 2024 | 2024-06-30 | $34.1M | $14.0M | +69.50% | +15.73% |
| Q1 2024 | 2024-03-31 | $18.8M | $5.1M | +37.12% | +9.57% |
| Q4 2023 | 2023-12-31 | $35.9M | $7.4M | +25.90% | +19.67% |
| Q3 2023 | 2023-09-30 | $28.4M | $6.5M | +29.68% | +15.26% |
| Q2 2023 | 2023-06-30 | $20.1M | $2.1M | +11.51% | +11.43% |
| Q1 2023 | 2023-03-31 | $13.7M | $5.6M | +68.94% | +8.61% |
| Q4 2022 | 2022-12-31 | $28.5M | $2.3M | +8.92% | +19.35% |
| Q3 2022 | 2022-09-30 | $21.9M | $8.0M | +57.65% | +14.81% |
| Q2 2022 | 2022-06-30 | $18.0M | $6.1M | +51.59% | +13.08% |
| Q1 2022 | 2022-03-31 | $8.1M | −$20.7M | −71.84% | +6.12% |
| Q4 2021 | 2021-12-31 | $26.2M | $13.5M | +106.15% | +19.28% |
| Q3 2021 | 2021-09-30 | $13.9M | −$5.2M | −27.29% | +10.80% |
| Q2 2021 | 2021-06-30 | $11.9M | −$8.2M | −40.86% | +9.68% |
| Q1 2021 | 2021-03-31 | $28.8M | $201,000 | +0.70% | +24.44% |
| Q4 2020 | 2020-12-31 | $12.7M | −$5.0M | −28.14% | +11.30% |
| Q3 2020 | 2020-09-30 | $19.1M | $3,000 | +0.02% | +16.83% |
| Q2 2020 | 2020-06-30 | $20.1M | −$671,000 | −3.23% | +22.07% |
| Q1 2020 | 2020-03-31 | $28.6M | $12.9M | +82.66% | +26.35% |
| Q4 2019 | 2019-12-31 | $17.7M | −$1.4M | −7.22% | +16.43% |
| Q3 2019 | 2019-09-30 | $19.1M | $6.4M | +50.41% | +17.59% |
| Q2 2019 | 2019-06-30 | $20.8M | $4.6M | +28.09% | +20.07% |
| Q1 2019 | 2019-03-31 | $15.7M | $11.9M | +319.48% | +14.93% |
| Q4 2018 | 2018-12-31 | $19.0M | $18.7M | +6102.93% | +18.24% |
| Q3 2018 | 2018-09-30 | $12.7M | $8.9M | +235.10% | +11.49% |
| Q2 2018 | 2018-06-30 | $16.2M | −$5.8M | −26.19% | +14.28% |
| Q1 2018 | 2018-03-31 | $3.7M | −$4.9M | −56.61% | +3.55% |
| Q4 2017 | 2017-12-31 | $307,000 | −$12.9M | −97.68% | +0.32% |
| Q3 2017 | 2017-09-30 | $3.8M | −$6.4M | −62.64% | +3.79% |
| Q2 2017 | 2017-06-30 | $22.0M | $14.7M | +201.98% | +21.10% |
| Q1 2017 | 2017-03-31 | $8.6M | −$6.3M | −42.28% | +8.47% |
| Q4 2016 | 2016-12-31 | $13.3M | $9.1M | +220.09% | +14.24% |
| Q3 2016 | 2016-09-30 | $10.2M | $9.8M | +2850.87% | +10.54% |
| Q2 2016 | 2016-06-30 | $7.3M | −$718,000 | −8.98% | +7.01% |
| Q1 2016 | 2016-03-31 | $14.9M | $11.3M | +315.96% | +14.82% |
| Q4 2015 | 2015-12-31 | $4.1M | $148,000 | +3.71% | +4.32% |
| Q3 2015 | 2015-09-30 | $344,000 | −$12.7M | −97.37% | +0.35% |
| Q2 2015 | 2015-06-30 | $8.0M | −$1.1M | −12.10% | +8.09% |
| Q1 2015 | 2015-03-31 | $3.6M | $6.3M | — | +4.28% |
| Q4 2014 | 2014-12-31 | $4.0M | $2.9M | +270.41% | +4.47% |
| Q3 2014 | 2014-09-30 | $13.1M | $3.3M | +33.66% | +13.56% |
| Q2 2014 | 2014-06-30 | $9.1M | $944,000 | +11.58% | +9.51% |
| Q1 2014 | 2014-03-31 | −$2.7M | −$4.3M | — | −3.29% |
| Q4 2013 | 2013-12-31 | $1.1M | −$6.0M | −84.83% | +1.33% |
| Q3 2013 | 2013-09-30 | $9.8M | $1.9M | +24.74% | +10.51% |
| Q2 2013 | 2013-06-30 | $8.2M | $5.4M | +196.51% | +9.23% |
| Q1 2013 | 2013-03-31 | $1.5M | −$7.4M | −83.11% | +2.10% |
| Q4 2012 | 2012-12-31 | $7.1M | $3.9M | +120.93% | +9.56% |
| Q3 2012 | 2012-09-30 | $7.8M | $516,000 | +7.05% | +8.99% |
| Q2 2012 | 2012-06-30 | $2.8M | −$9.1M | −76.83% | +3.35% |
| Q1 2012 | 2012-03-31 | $8.9M | $5.3M | +149.11% | +11.69% |
| Q4 2011 | 2011-12-31 | $3.2M | $2.9M | +811.05% | +5.30% |
| Q3 2011 | 2011-09-30 | $7.3M | — | — | +10.50% |
| Q2 2011 | 2011-06-30 | $11.9M | — | — | +15.80% |
| Q1 2011 | 2011-03-31 | $3.6M | — | — | +6.24% |
| Q3 2010 | 2010-09-30 | $353,000 | — | — | +0.47% |
Badger Meter free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $80.5M to $169.7M, a compound annual growth rate of 16.08%. Badger Meter's latest reported quarter, Q2 2026, generated $21.9M in free cash flow, a decrease of 46.19% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Badger Meter filings at SEC.gov ↗