Badger Meter annual return on equity
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Badger Meter Return on Equity (ROE) Growth & History (BMI)
Badger Meter's return on equity was 21.47% for fiscal 2025.
View full Badger Meter company overviewBadger Meter annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 21.47% | −0.79 pp |
| 2024 | 2024-12-31 | 22.26% | +2.94 pp |
| 2023 | 2023-12-31 | 19.31% | +3.58 pp |
| 2022 | 2022-12-31 | 15.73% | −0.20 pp |
| 2021 | 2021-12-31 | 15.93% | +1.68 pp |
| 2020 | 2020-12-31 | 14.25% | −0.61 pp |
| 2019 | 2019-12-31 | 14.87% | +5.30 pp |
| 2018 | 2018-12-31 | 9.57% | −3.39 pp |
| 2017 | 2017-12-31 | 12.96% | −0.27 pp |
| 2016 | 2016-12-31 | 13.22% | +1.61 pp |
| 2015 | 2015-12-31 | 11.62% | −2.83 pp |
| 2014 | 2014-12-31 | 14.45% | +1.06 pp |
| 2013 | 2013-12-31 | 13.39% | −2.61 pp |
| 2012 | 2012-12-31 | 15.99% | +4.97 pp |
| 2011 | 2011-12-31 | 11.02% | −7.30 pp |
| 2010 | 2010-12-31 | 18.32% | — |
Badger Meter quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.33% | −1.06 pp |
| Q1 2026 | 2026-03-31 | 3.89% | — |
| Q4 2025 | 2025-12-31 | 4.74% | −0.39 pp |
| Q3 2025 | 2025-09-30 | 5.08% | −0.47 pp |
| Q2 2025 | 2025-06-30 | 5.39% | −0.63 pp |
| Q4 2024 | 2024-12-31 | 5.13% | +0.23 pp |
| Q3 2024 | 2024-09-30 | 5.55% | +0.19 pp |
| Q2 2024 | 2024-06-30 | 6.02% | +1.20 pp |
| Q1 2024 | 2024-03-31 | 5.54% | +1.23 pp |
| Q4 2023 | 2023-12-31 | 4.90% | +0.85 pp |
| Q3 2023 | 2023-09-30 | 5.36% | +1.09 pp |
| Q2 2023 | 2023-06-30 | 4.82% | +0.78 pp |
| Q1 2023 | 2023-03-31 | 4.31% | +0.78 pp |
| Q4 2022 | 2022-12-31 | 4.05% | −0.29 pp |
| Q3 2022 | 2022-09-30 | 4.27% | +0.18 pp |
| Q2 2022 | 2022-06-30 | 4.03% | +0.32 pp |
| Q1 2022 | 2022-03-31 | 3.53% | −0.24 pp |
| Q4 2021 | 2021-12-31 | 4.35% | +0.67 pp |
| Q3 2021 | 2021-09-30 | 4.10% | −0.19 pp |
| Q2 2021 | 2021-06-30 | 3.72% | +0.90 pp |
| Q1 2021 | 2021-03-31 | 3.77% | +0.21 pp |
| Q4 2020 | 2020-12-31 | 3.67% | −0.08 pp |
| Q3 2020 | 2020-09-30 | 4.29% | +0.32 pp |
| Q2 2020 | 2020-06-30 | 2.82% | −0.82 pp |
| Q1 2020 | 2020-03-31 | 3.56% | +0.02 pp |
| Q4 2019 | 2019-12-31 | 3.75% | −0.00 pp |
| Q3 2019 | 2019-09-30 | 3.97% | +3.00 pp |
| Q2 2019 | 2019-06-30 | 3.63% | +1.47 pp |
| Q1 2019 | 2019-03-31 | 3.54% | +0.83 pp |
| Q4 2018 | 2018-12-31 | 3.75% | +1.13 pp |
| Q3 2018 | 2018-09-30 | 0.98% | −1.96 pp |
| Q2 2018 | 2018-06-30 | 2.16% | −1.84 pp |
| Q1 2018 | 2018-03-31 | 2.70% | −0.68 pp |
| Q4 2017 | 2017-12-31 | 2.62% | +0.22 pp |
| Q3 2017 | 2017-09-30 | 2.93% | −0.59 pp |
| Q2 2017 | 2017-06-30 | 4.00% | +0.12 pp |
| Q1 2017 | 2017-03-31 | 3.38% | −0.01 pp |
| Q4 2016 | 2016-12-31 | 2.40% | +0.03 pp |
| Q3 2016 | 2016-09-30 | 3.53% | −0.15 pp |
| Q2 2016 | 2016-06-30 | 3.88% | +0.28 pp |
| Q1 2016 | 2016-03-31 | 3.39% | +1.43 pp |
| Q4 2015 | 2015-12-31 | 2.38% | −0.43 pp |
| Q3 2015 | 2015-09-30 | 3.68% | −1.18 pp |
| Q2 2015 | 2015-06-30 | 3.60% | −0.74 pp |
| Q1 2015 | 2015-03-31 | 1.97% | −0.37 pp |
| Q4 2014 | 2014-12-31 | 2.80% | −0.54 pp |
| Q3 2014 | 2014-09-30 | 4.86% | −0.12 pp |
| Q2 2014 | 2014-06-30 | 4.33% | +0.75 pp |
| Q1 2014 | 2014-03-31 | 2.34% | +0.65 pp |
| Q4 2013 | 2013-12-31 | 3.34% | +0.10 pp |
| Q3 2013 | 2013-09-30 | 4.98% | −0.44 pp |
| Q2 2013 | 2013-06-30 | 3.59% | −0.96 pp |
| Q1 2013 | 2013-03-31 | 1.69% | −1.91 pp |
| Q4 2012 | 2012-12-31 | 3.24% | +2.59 pp |
| Q3 2012 | 2012-09-30 | 5.42% | +1.61 pp |
| Q2 2012 | 2012-06-30 | 4.54% | +0.02 pp |
| Q1 2012 | 2012-03-31 | 3.60% | — |
| Q4 2011 | 2011-12-31 | 0.66% | — |
| Q3 2011 | 2011-09-30 | 3.81% | — |
| Q2 2011 | 2011-06-30 | 4.52% | — |
Badger Meter return on equity trends
Over the last five fiscal years, Badger Meter's return on equity increased from 14.25% to 21.47%, a change of +7.21 percentage points. The latest reported quarter, Q2 2026, shows 4.33%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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