Ticker League

TTM

18.9%

YoY change

+1.30pp

Trough year (2008)

-4.2%

Peak year (2020)

18.9%

FCF Margin history chart for Badger Meter (BMI) from 1989 to 2025

Latest: 18.5%

FCF Margin change chart for Badger Meter (BMI) from 1989 to 2025

Latest: +1.30pp

FCF Margin history table for Badger Meter (BMI) from 1989 to 2025

  • 202518.5%+1.30pp
  • 202417.2%+3.26pp
  • 202313.9%+0.41pp
  • 202213.5%-2.45pp
  • 202116.0%-2.93pp
  • 202018.9%+1.68pp
  • 201917.2%+5.32pp
  • 201811.9%+3.30pp
  • 20178.6%-2.96pp
  • 201611.6%+7.32pp
  • 20154.3%-2.16pp
  • 20146.4%+0.28pp
  • 20136.1%-2.18pp
  • 20128.3%-1.56pp
  • 20119.9%+9.47pp
  • 20100.4%-11.11pp
  • 200911.5%+15.75pp
  • 2008-4.2%-9.47pp
  • 20075.2%+2.76pp
  • 20062.5%-1.80pp
  • 20054.3%+4.32pp
  • 2004-0.0%-3.86pp
  • 20033.8%+0.04pp
  • 20023.8%+1.19pp
  • 20012.6%-2.09pp
  • 20004.7%+1.10pp
  • 19993.6%+5.80pp
  • 1998-2.2%+0.14pp
  • 1997-2.4%-6.25pp
  • 19963.9%-3.03pp
  • 19956.9%+4.18pp
  • 19942.7%+2.84pp
  • 1993-0.1%-0.48pp
  • 19920.4%-2.31pp
  • 19912.7%+2.42pp
  • 19900.3%+1.78pp
  • 1989-1.5%

FCF Margin values are taken from Badger Meter's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Badger Meter (BMI)

According to Badger Meter's latest reported financial statements, the company's latest reported free cash flow margin is 18.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Badger Meter (BMI) free cash flow margin totalled 18.51% – expanded 1.3 percentage points year-over-year.

18.92% stands as the all-time-high annual free cash flow margin, posted in 2020, against a low of -4.23% during 2008.

Badger Meter FCF Margin by Year

Badger Meter FCF Margin 2025: 18.5%

2025's free cash flow margin for Badger Meter came in at 18.51%, expanded 1.3 percentage points from 2024.

Badger Meter FCF Margin 2024: 17.2%

Badger Meter posted free cash flow margin of 17.21% in 2024, expanded 3.3 percentage points from 2023.

Badger Meter FCF Margin 2023: 13.9%

In 2023, Badger Meter reported free cash flow margin of 13.94%, expanded 0.4 percentage points from 2022.

Badger Meter FCF Margin 2022: 13.5%

Badger Meter free cash flow margin in 2022 was 13.54%, contracted 2.4 percentage points from 2021.

Badger Meter FCF Margin 2021: 16.0%

Badger Meter free cash flow margin in 2021 was 15.99%.

See more financial history for Badger Meter (BMI).

Sector peers by FCF Margin

Technology peers of Badger Meter (BMI), ranked by their latest free cash flow margin

Frequently asked questions