Badger Meter annual net debt
2010
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2025
Badger Meter Net Debt Growth & History (BMI)
Badger Meter's net debt was −$213.3M for fiscal 2025.
View full Badger Meter company overviewBadger Meter annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$213.3M | $76.0M | — |
| 2024 | 2024-12-31 | −$289.3M | −$103.3M | — |
| 2023 | 2023-12-31 | −$186.0M | −$54.8M | — |
| 2022 | 2022-12-31 | −$131.3M | −$50.3M | — |
| 2021 | 2021-12-31 | −$81.0M | −$15.9M | — |
| 2020 | 2020-12-31 | −$65.1M | −$29.5M | — |
| 2019 | 2019-12-31 | −$35.6M | −$40.6M | — |
| 2018 | 2018-12-31 | $5.0M | −$28.4M | −85.10% |
| 2017 | 2017-12-31 | $33.4M | $2.8M | +9.06% |
| 2016 | 2016-12-31 | $30.6M | −$32.6M | −51.56% |
| 2015 | 2015-12-31 | $63.2M | −$6.1M | −8.77% |
| 2014 | 2014-12-31 | $69.3M | $6.5M | +10.34% |
| 2013 | 2013-12-31 | $62.8M | $2.6M | +4.33% |
| 2012 | 2012-12-31 | $60.2M | $63.4M | — |
| 2011 | 2011-12-31 | −$3.2M | −$13.0M | — |
| 2010 | 2010-12-31 | $9.8M | — | — |
Badger Meter quarterly net debt
Q4.10
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
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Q3.14
Q4.14
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Q4.15
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Q4.16
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Q2.17
Q3.17
Q4.17
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Q3.18
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Q3.19
Q4.19
Q1.20
Q2.20
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Q4.20
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Q1.22
Q2.22
Q3.22
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Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | −$213.3M | $76.0M | — |
| Q4 2024 | 2024-12-31 | −$289.3M | −$103.3M | — |
| Q3 2024 | 2024-09-30 | −$252.4M | −$95.6M | — |
| Q2 2024 | 2024-06-30 | −$219.5M | −$84.5M | — |
| Q1 2024 | 2024-03-31 | −$194.0M | −$72.0M | — |
| Q4 2023 | 2023-12-31 | −$186.0M | −$54.8M | — |
| Q3 2023 | 2023-09-30 | −$156.8M | −$49.1M | — |
| Q2 2023 | 2023-06-30 | −$135.1M | −$42.4M | — |
| Q1 2023 | 2023-03-31 | −$121.9M | −$40.6M | — |
| Q4 2022 | 2022-12-31 | −$131.3M | −$50.3M | — |
| Q3 2022 | 2022-09-30 | −$107.6M | −$47.4M | — |
| Q2 2022 | 2022-06-30 | −$92.6M | −$42.7M | — |
| Q1 2022 | 2022-03-31 | −$81.3M | −$38.1M | — |
| Q4 2021 | 2021-12-31 | −$81.0M | −$15.9M | — |
| Q3 2021 | 2021-09-30 | −$60.2M | $26.3M | — |
| Q2 2021 | 2021-06-30 | −$49.9M | $23.3M | — |
| Q1 2021 | 2021-03-31 | −$43.3M | $14.6M | — |
| Q4 2020 | 2020-12-31 | −$65.1M | −$29.5M | — |
| Q3 2020 | 2020-09-30 | −$86.5M | −$62.5M | — |
| Q2 2020 | 2020-06-30 | −$73.2M | −$63.8M | — |
| Q1 2020 | 2020-03-31 | −$57.9M | −$64.3M | — |
| Q4 2019 | 2019-12-31 | −$35.6M | −$40.6M | — |
| Q3 2019 | 2019-09-30 | −$24.1M | −$49.4M | — |
| Q2 2019 | 2019-06-30 | −$9.4M | −$39.7M | — |
| Q1 2019 | 2019-03-31 | $6.4M | −$28.3M | −81.60% |
| Q4 2018 | 2018-12-31 | $5.0M | −$28.4M | −85.10% |
| Q3 2018 | 2018-09-30 | $25.3M | −$6.2M | −19.79% |
| Q2 2018 | 2018-06-30 | $30.3M | −$1.4M | −4.43% |
| Q1 2018 | 2018-03-31 | $34.6M | $7.8M | +29.03% |
| Q4 2017 | 2017-12-31 | $33.4M | $2.8M | +9.06% |
| Q3 2017 | 2017-09-30 | $31.6M | −$7.5M | −19.16% |
| Q2 2017 | 2017-06-30 | $31.7M | −$15.0M | −32.13% |
| Q1 2017 | 2017-03-31 | $26.8M | −$24.4M | −47.59% |
| Q4 2016 | 2016-12-31 | $30.6M | −$32.6M | −51.56% |
| Q3 2016 | 2016-09-30 | $39.1M | −$24.2M | −38.30% |
| Q2 2016 | 2016-06-30 | $46.7M | −$13.6M | −22.58% |
| Q1 2016 | 2016-03-31 | $51.2M | −$16.3M | −24.17% |
| Q4 2015 | 2015-12-31 | $63.2M | −$6.1M | −8.77% |
| Q3 2015 | 2015-09-30 | $63.3M | $12.0M | +23.41% |
| Q2 2015 | 2015-06-30 | $60.4M | −$1.6M | −2.55% |
| Q1 2015 | 2015-03-31 | $67.5M | $89,000 | +0.13% |
| Q4 2014 | 2014-12-31 | $69.3M | $6.5M | +10.34% |
| Q3 2014 | 2014-09-30 | $51.3M | −$9.3M | −15.30% |
| Q2 2014 | 2014-06-30 | $61.9M | −$1.6M | −2.49% |
| Q1 2014 | 2014-03-31 | $67.5M | $7.4M | +12.26% |
| Q4 2013 | 2013-12-31 | $62.8M | $2.6M | +4.33% |
| Q3 2013 | 2013-09-30 | $60.6M | −$4.6M | −7.00% |
| Q2 2013 | 2013-06-30 | $63.5M | −$7.8M | −10.94% |
| Q1 2013 | 2013-03-31 | $60.1M | $2.8M | +4.82% |
| Q4 2012 | 2012-12-31 | $60.2M | $63.4M | — |
| Q3 2012 | 2012-09-30 | $65.1M | $68.2M | — |
| Q2 2012 | 2012-06-30 | $71.3M | $69.5M | +3771.72% |
| Q1 2012 | 2012-03-31 | $57.3M | — | — |
| Q4 2011 | 2011-12-31 | −$3.2M | −$13.0M | — |
| Q3 2011 | 2011-09-30 | −$3.1M | — | — |
| Q2 2011 | 2011-06-30 | $1.8M | — | — |
| Q4 2010 | 2010-12-31 | $9.8M | — | — |
Badger Meter net debt trends
Over the last five fiscal years, Badger Meter's net debt decreased from −$65.1M to −$213.3M, a change of −$148.3M. The latest reported quarter, Q4 2025, shows −$213.3M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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