Badger Meter annual gross margin
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Badger Meter Gross Margin Growth & History (BMI)
Badger Meter's gross margin was 41.68% for fiscal 2025.
View full Badger Meter company overviewBadger Meter annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 41.68% | +1.85 pp |
| 2024 | 2024-12-31 | 39.83% | +0.54 pp |
| 2023 | 2023-12-31 | 39.29% | +0.40 pp |
| 2022 | 2022-12-31 | 38.89% | −1.78 pp |
| 2021 | 2021-12-31 | 40.67% | +1.14 pp |
| 2020 | 2020-12-31 | 39.54% | +1.03 pp |
| 2019 | 2019-12-31 | 38.51% | +1.08 pp |
| 2018 | 2018-12-31 | 37.43% | −1.27 pp |
| 2017 | 2017-12-31 | 38.70% | +0.46 pp |
| 2016 | 2016-12-31 | 38.24% | +2.29 pp |
| 2015 | 2015-12-31 | 35.95% | −0.00 pp |
| 2014 | 2014-12-31 | 35.95% | +0.94 pp |
| 2013 | 2013-12-31 | 35.01% | −3.23 pp |
| 2012 | 2012-12-31 | 38.24% | +4.08 pp |
| 2011 | 2011-12-31 | 34.16% | −3.01 pp |
| 2010 | 2010-12-31 | 37.17% | −1.58 pp |
| 2009 | 2009-12-31 | 38.75% | — |
Badger Meter quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 40.83% | −0.25 pp |
| Q1 2026 | 2026-03-31 | 41.69% | −1.26 pp |
| Q4 2025 | 2025-12-31 | 42.13% | +1.80 pp |
| Q3 2025 | 2025-09-30 | 40.67% | +0.43 pp |
| Q2 2025 | 2025-06-30 | 41.08% | +1.68 pp |
| Q1 2025 | 2025-03-31 | 42.95% | +3.63 pp |
| Q4 2024 | 2024-12-31 | 40.33% | +1.16 pp |
| Q3 2024 | 2024-09-30 | 40.24% | +1.18 pp |
| Q2 2024 | 2024-06-30 | 39.40% | −0.08 pp |
| Q1 2024 | 2024-03-31 | 39.32% | −0.16 pp |
| Q4 2023 | 2023-12-31 | 39.17% | +0.51 pp |
| Q3 2023 | 2023-09-30 | 39.06% | +0.19 pp |
| Q2 2023 | 2023-06-30 | 39.48% | −0.25 pp |
| Q1 2023 | 2023-03-31 | 39.48% | +1.17 pp |
| Q4 2022 | 2022-12-31 | 38.67% | −1.73 pp |
| Q3 2022 | 2022-09-30 | 38.86% | −0.89 pp |
| Q2 2022 | 2022-06-30 | 39.73% | −1.05 pp |
| Q1 2022 | 2022-03-31 | 38.31% | −3.58 pp |
| Q4 2021 | 2021-12-31 | 40.40% | +1.18 pp |
| Q3 2021 | 2021-09-30 | 39.76% | +0.12 pp |
| Q2 2021 | 2021-06-30 | 40.78% | +1.43 pp |
| Q1 2021 | 2021-03-31 | 41.89% | +1.96 pp |
| Q4 2020 | 2020-12-31 | 39.22% | +0.98 pp |
| Q3 2020 | 2020-09-30 | 39.64% | +1.28 pp |
| Q2 2020 | 2020-06-30 | 39.34% | +0.45 pp |
| Q1 2020 | 2020-03-31 | 39.93% | +1.35 pp |
| Q4 2019 | 2019-12-31 | 38.24% | −0.22 pp |
| Q3 2019 | 2019-09-30 | 38.35% | −1.37 pp |
| Q2 2019 | 2019-06-30 | 38.90% | +2.38 pp |
| Q1 2019 | 2019-03-31 | 38.57% | +3.59 pp |
| Q4 2018 | 2018-12-31 | 38.45% | −1.90 pp |
| Q3 2018 | 2018-09-30 | 39.72% | +2.69 pp |
| Q2 2018 | 2018-06-30 | 36.52% | −2.89 pp |
| Q1 2018 | 2018-03-31 | 34.98% | −3.05 pp |
| Q4 2017 | 2017-12-31 | 40.35% | +4.35 pp |
| Q3 2017 | 2017-09-30 | 37.04% | −3.11 pp |
| Q2 2017 | 2017-06-30 | 39.41% | +1.46 pp |
| Q1 2017 | 2017-03-31 | 38.04% | −0.75 pp |
| Q4 2016 | 2016-12-31 | 36.01% | +0.03 pp |
| Q3 2016 | 2016-09-30 | 40.14% | +3.82 pp |
| Q2 2016 | 2016-06-30 | 37.95% | +2.41 pp |
| Q1 2016 | 2016-03-31 | 38.79% | +2.83 pp |
| Q4 2015 | 2015-12-31 | 35.98% | +1.40 pp |
| Q3 2015 | 2015-09-30 | 36.32% | −1.55 pp |
| Q2 2015 | 2015-06-30 | 35.54% | −0.88 pp |
| Q1 2015 | 2015-03-31 | 35.96% | +1.28 pp |
| Q4 2014 | 2014-12-31 | 34.58% | −1.22 pp |
| Q3 2014 | 2014-09-30 | 37.88% | +2.27 pp |
| Q2 2014 | 2014-06-30 | 36.41% | +2.63 pp |
| Q1 2014 | 2014-03-31 | 34.67% | −0.19 pp |
| Q4 2013 | 2013-12-31 | 35.80% | −3.02 pp |
| Q3 2013 | 2013-09-30 | 35.61% | −3.79 pp |
| Q2 2013 | 2013-06-30 | 33.78% | −3.06 pp |
| Q1 2013 | 2013-03-31 | 34.87% | −3.00 pp |
| Q4 2012 | 2012-12-31 | 38.82% | +6.89 pp |
| Q3 2012 | 2012-09-30 | 39.40% | +6.72 pp |
| Q2 2012 | 2012-06-30 | 36.84% | +0.62 pp |
| Q1 2012 | 2012-03-31 | 37.86% | +2.23 pp |
| Q4 2011 | 2011-12-31 | 31.93% | −5.00 pp |
| Q3 2011 | 2011-09-30 | 32.68% | −3.69 pp |
| Q2 2011 | 2011-06-30 | 36.22% | — |
| Q1 2011 | 2011-03-31 | 35.63% | — |
| Q3 2010 | 2010-09-30 | 36.93% | — |
| Q2 2010 | 2010-06-30 | 36.38% | — |
Badger Meter gross margin trends
Over the last five reported fiscal years, Badger Meter's gross margin increased from 39.54% to 41.68%, a change of +2.14 percentage points. The latest reported quarter, Q2 2026, shows 40.83%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Badger Meter filings at SEC.gov ↗