Badger Meter annual operating margin
2009
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2024
2025
Badger Meter Operating Margin Growth & History (BMI)
Badger Meter's operating margin was 20.01% for fiscal 2025.
View full Badger Meter company overviewBadger Meter annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.01% | +0.90 pp |
| 2024 | 2024-12-31 | 19.11% | +2.33 pp |
| 2023 | 2023-12-31 | 16.78% | +1.34 pp |
| 2022 | 2022-12-31 | 15.43% | −0.15 pp |
| 2021 | 2021-12-31 | 15.58% | +0.27 pp |
| 2020 | 2020-12-31 | 15.31% | +0.68 pp |
| 2019 | 2019-12-31 | 14.64% | +1.52 pp |
| 2018 | 2018-12-31 | 13.11% | −0.95 pp |
| 2017 | 2017-12-31 | 14.06% | +0.69 pp |
| 2016 | 2016-12-31 | 13.38% | +2.16 pp |
| 2015 | 2015-12-31 | 11.22% | −1.41 pp |
| 2014 | 2014-12-31 | 12.62% | +0.92 pp |
| 2013 | 2013-12-31 | 11.70% | −2.21 pp |
| 2012 | 2012-12-31 | 13.91% | +3.44 pp |
| 2011 | 2011-12-31 | 10.47% | −5.73 pp |
| 2010 | 2010-12-31 | 16.20% | −0.67 pp |
| 2009 | 2009-12-31 | 16.87% | — |
Badger Meter quarterly operating margin
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Q1.25
Q2.25
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Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 17.71% | −1.13 pp |
| Q1 2026 | 2026-03-31 | 17.39% | −4.85 pp |
| Q4 2025 | 2025-12-31 | 19.51% | +0.39 pp |
| Q3 2025 | 2025-09-30 | 19.56% | +0.07 pp |
| Q2 2025 | 2025-06-30 | 18.84% | −0.32 pp |
| Q1 2025 | 2025-03-31 | 22.24% | +3.61 pp |
| Q4 2024 | 2024-12-31 | 19.12% | +1.53 pp |
| Q3 2024 | 2024-09-30 | 19.49% | +2.61 pp |
| Q2 2024 | 2024-06-30 | 19.16% | +2.38 pp |
| Q1 2024 | 2024-03-31 | 18.64% | +2.89 pp |
| Q4 2023 | 2023-12-31 | 17.58% | +2.33 pp |
| Q3 2023 | 2023-09-30 | 16.88% | +0.75 pp |
| Q2 2023 | 2023-06-30 | 16.78% | +0.75 pp |
| Q1 2023 | 2023-03-31 | 15.74% | +1.50 pp |
| Q4 2022 | 2022-12-31 | 15.25% | −1.59 pp |
| Q3 2022 | 2022-09-30 | 16.13% | +1.03 pp |
| Q2 2022 | 2022-06-30 | 16.03% | +0.83 pp |
| Q1 2022 | 2022-03-31 | 14.25% | −0.81 pp |
| Q4 2021 | 2021-12-31 | 16.84% | +1.74 pp |
| Q3 2021 | 2021-09-30 | 15.10% | −2.08 pp |
| Q2 2021 | 2021-06-30 | 15.20% | +1.30 pp |
| Q1 2021 | 2021-03-31 | 15.06% | +0.30 pp |
| Q4 2020 | 2020-12-31 | 15.10% | −0.09 pp |
| Q3 2020 | 2020-09-30 | 17.18% | +2.04 pp |
| Q2 2020 | 2020-06-30 | 13.90% | −0.62 pp |
| Q1 2020 | 2020-03-31 | 14.76% | +1.10 pp |
| Q4 2019 | 2019-12-31 | 15.19% | +1.01 pp |
| Q3 2019 | 2019-09-30 | 15.14% | +0.91 pp |
| Q2 2019 | 2019-06-30 | 14.52% | +0.13 pp |
| Q1 2019 | 2019-03-31 | 13.66% | +4.16 pp |
| Q4 2018 | 2018-12-31 | 14.18% | −0.17 pp |
| Q3 2018 | 2018-09-30 | 14.22% | +1.91 pp |
| Q2 2018 | 2018-06-30 | 14.39% | −1.78 pp |
| Q1 2018 | 2018-03-31 | 9.50% | −3.86 pp |
| Q4 2017 | 2017-12-31 | 14.36% | +2.54 pp |
| Q3 2017 | 2017-09-30 | 12.31% | −2.17 pp |
| Q2 2017 | 2017-06-30 | 16.16% | +1.79 pp |
| Q1 2017 | 2017-03-31 | 13.35% | +0.62 pp |
| Q4 2016 | 2016-12-31 | 11.82% | +1.89 pp |
| Q3 2016 | 2016-09-30 | 14.48% | +0.77 pp |
| Q2 2016 | 2016-06-30 | 14.37% | +2.05 pp |
| Q1 2016 | 2016-03-31 | 12.73% | +4.30 pp |
| Q4 2015 | 2015-12-31 | 9.93% | +0.80 pp |
| Q3 2015 | 2015-09-30 | 13.71% | −2.89 pp |
| Q2 2015 | 2015-06-30 | 12.32% | −2.55 pp |
| Q1 2015 | 2015-03-31 | 8.43% | −0.78 pp |
| Q4 2014 | 2014-12-31 | 9.13% | −3.65 pp |
| Q3 2014 | 2014-09-30 | 16.60% | +1.68 pp |
| Q2 2014 | 2014-06-30 | 14.87% | +3.36 pp |
| Q1 2014 | 2014-03-31 | 9.21% | +2.63 pp |
| Q4 2013 | 2013-12-31 | 12.77% | +0.91 pp |
| Q3 2013 | 2013-09-30 | 14.92% | −1.27 pp |
| Q2 2013 | 2013-06-30 | 11.50% | −2.35 pp |
| Q1 2013 | 2013-03-31 | 6.58% | −6.78 pp |
| Q4 2012 | 2012-12-31 | 11.86% | +8.52 pp |
| Q3 2012 | 2012-09-30 | 16.20% | +4.73 pp |
| Q2 2012 | 2012-06-30 | 13.85% | −2.49 pp |
| Q1 2012 | 2012-03-31 | 13.36% | +4.23 pp |
| Q4 2011 | 2011-12-31 | 3.34% | −14.40 pp |
| Q3 2011 | 2011-09-30 | 11.46% | −6.01 pp |
| Q2 2011 | 2011-06-30 | 16.34% | — |
| Q1 2011 | 2011-03-31 | 9.13% | — |
| Q3 2010 | 2010-09-30 | 17.75% | — |
| Q2 2010 | 2010-06-30 | 17.47% | — |
Badger Meter operating margin trends
Over the last five reported fiscal years, Badger Meter's operating margin increased from 15.31% to 20.01%, a change of +4.70 percentage points. The latest reported quarter, Q2 2026, shows 17.71%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗