EBITDA for Badger Meter (BMI)
According to Badger Meter's latest reported financial statements, the company's current EBITDA (TTM) is $199.34M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

BMI
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$199.34M
YoY change
+17.4%
5Y CAGR
+19.9%
Peak year (2025)
$223.24M
Cumulative EBITDA
$1.95B
EBITDA history chart for Badger Meter (BMI) from 1985 to 2025
EBITDA history table for Badger Meter (BMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $223.24M | +17.4% | ||
| 2024 | $190.12M | +30.2% | ||
| 2023 | $146.03M | +28.8% | ||
| 2022 | $113.41M | +6.5% | ||
| 2021 | $106.47M | +18.0% | ||
| 2020 | $90.23M | +4.9% | ||
| 2019 | $86.01M | +40.2% | ||
| 2018 | $61.32M | -23.4% | ||
| 2017 | $80.02M | +9.3% | ||
| 2016 | $73.21M | +16.3% | ||
| 2015 | $62.97M | +2.0% | ||
| 2014 | $61.71M | +17.3% | ||
| 2013 | $52.60M | -6.9% | ||
| 2012 | $56.52M | +52.7% | ||
| 2011 | $37.02M | -30.5% | ||
| 2010 | $53.28M | +26.1% | ||
| 2009 | $42.24M | -11.9% | ||
| 2008 | $47.95M | +29.3% | ||
| 2007 | $37.08M | +3.6% | ||
| 2006 | $35.80M | +6.8% | ||
| 2005 | $33.52M | +19.5% | ||
| 2004 | $28.05M | +28.3% | ||
| 2003 | $21.86M | +3.2% | ||
| 2002 | $21.18M | +64.6% | ||
| 2001 | $12.87M | -24.7% | ||
| 2000 | $17.09M | -23.7% | ||
| 1999 | $22.40M | +19.8% | ||
| 1998 | $18.70M | +27.2% | ||
| 1997 | $14.70M | +16.7% | ||
| 1996 | $12.60M | +10.5% | ||
| 1995 | $11.40M | +9.6% | ||
| 1994 | $10.40M | +25.3% | ||
| 1993 | $8.30M | +33.9% | ||
| 1992 | $6.20M | -15.1% | ||
| 1991 | $7.30M | -16.1% | ||
| 1990 | $8.70M | +6.1% | ||
| 1989 | $8.20M | +6.5% | ||
| 1988 | $7.70M | +8.5% | ||
| 1987 | $7.10M | +34.0% | ||
| 1986 | $5.30M | +10.4% | ||
| 1985 | $4.80M | — |
EBITDA values are taken from Badger Meter's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Badger Meter (BMI) reported EBITDA of $223.24M – grew 17.4% year-over-year.
Across 2020–2025 (5 years), Badger Meter EBITDA produced a CAGR of +19.9% – sustaining 7 straight years of year-over-year growth.
Across the available history, EBITDA reached its high of $223.24M in 2025 and its low of $4.80M in 1985.
Badger Meter (BMI) sits 9th of 8 Technology peers we track on this metric, against a peer median of $89.57B.
Badger Meter EBITDA by Year
Badger Meter EBITDA 2025: $223.24M
Badger Meter EBITDA in 2025 was $223.24M, grew 17.4% from 2024. This figure represents the highest annual value in the available history.
Badger Meter EBITDA 2024: $190.12M
Badger Meter EBITDA in 2024 was $190.12M, surged 30.2% from 2023.
Badger Meter EBITDA 2023: $146.03M
Badger Meter EBITDA in 2023 was $146.03M, grew 28.8% from 2022.
Badger Meter EBITDA 2022: $113.41M
Badger Meter EBITDA in 2022 was $113.41M, grew 6.5% from 2021.
Badger Meter EBITDA 2021: $106.47M
Badger Meter EBITDA in 2021 was $106.47M.
See more financial history for Badger Meter (BMI).
Sector peers — EBITDA
Companies in the same sector as Badger Meter, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.75T | Technology |
| Microsoft Corporation (MSFT) | $160.16B | Technology |
| NVIDIA Corporation (NVDA) | $144.55B | Technology |
| Apple Inc. (AAPL) | $144.43B | Technology |
| Broadcom Inc. (AVGO) | $34.71B | Technology |
| Micron Technology, Inc. (MU) | $18.49B | Technology |
| ASML Holding N.V. (ASML) | $12.55B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $7.28B | Technology |
Frequently asked questions
What is Badger Meter's EBITDA?
- Latest reported EBITDA for Badger Meter (BMI) is $199.34M (period ending March 31, 2026).
How has Badger Meter EBITDA changed year-over-year?
- Badger Meter (BMI) EBITDA changed +17.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Badger Meter EBITDA?
- Badger Meter (BMI) EBITDA compound annual growth rate is +19.9% over the most recent 5 years available.
When did Badger Meter EBITDA hit its highest annual value?
- Badger Meter EBITDA reached its highest annual value of $223.24M in 2025.
What was Badger Meter EBITDA in 2024?
- Badger Meter (BMI) EBITDA in 2024 was $190.12M.
What was Badger Meter EBITDA in 2025?
- Badger Meter (BMI) EBITDA in 2025 was $223.24M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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