TTM
41.4%
YoY change
+1.85pp
Trough year (2001)
32.1%
Peak year (1990)
44.4%
Latest annual
41.7%
Gross Margin history chart for Badger Meter (BMI) from 1985 to 2025
Latest: 41.7%
Gross Margin change chart for Badger Meter (BMI) from 1985 to 2025
Latest: +1.85pp
Gross Margin history table for Badger Meter (BMI) from 1985 to 2025
| 2025 | 41.7% | +1.85pp | ||
| 2024 | 39.8% | +0.54pp | ||
| 2023 | 39.3% | +0.40pp | ||
| 2022 | 38.9% | -1.78pp | ||
| 2021 | 40.7% | +1.14pp | ||
| 2020 | 39.5% | +1.03pp | ||
| 2019 | 38.5% | +1.08pp | ||
| 2018 | 37.4% | -1.27pp | ||
| 2017 | 38.7% | +0.46pp | ||
| 2016 | 38.2% | +2.29pp | ||
| 2015 | 35.9% | -0.00pp | ||
| 2014 | 36.0% | +0.94pp | ||
| 2013 | 35.0% | -3.23pp | ||
| 2012 | 38.2% | +4.08pp | ||
| 2011 | 34.2% | -3.01pp | ||
| 2010 | 37.2% | -1.58pp | ||
| 2009 | 38.8% | +3.53pp | ||
| 2008 | 35.2% | +0.56pp | ||
| 2007 | 34.7% | +1.31pp | ||
| 2006 | 33.4% | -0.74pp | ||
| 2005 | 34.1% | +1.18pp | ||
| 2004 | 32.9% | +0.02pp | ||
| 2003 | 32.9% | -0.58pp | ||
| 2002 | 33.5% | +1.35pp | ||
| 2001 | 32.1% | -8.25pp | ||
| 2000 | 40.4% | -2.65pp | ||
| 1999 | 43.0% | -0.11pp | ||
| 1998 | 43.1% | +2.75pp | ||
| 1997 | 40.4% | +0.19pp | ||
| 1996 | 40.2% | +0.12pp | ||
| 1995 | 40.1% | -1.07pp | ||
| 1994 | 41.1% | -2.30pp | ||
| 1993 | 43.4% | +2.14pp | ||
| 1992 | 41.3% | -1.06pp | ||
| 1991 | 42.3% | -2.01pp | ||
| 1990 | 44.4% | +1.48pp | ||
| 1989 | 42.9% | +0.68pp | ||
| 1988 | 42.2% | +0.07pp | ||
| 1987 | 42.1% | -0.24pp | ||
| 1986 | 42.4% | +7.30pp | ||
| 1985 | 35.1% | — |
- 202541.7%+1.85pp
- 202439.8%+0.54pp
- 202339.3%+0.40pp
- 202238.9%-1.78pp
- 202140.7%+1.14pp
- 202039.5%+1.03pp
- 201938.5%+1.08pp
- 201837.4%-1.27pp
- 201738.7%+0.46pp
- 201638.2%+2.29pp
- 201535.9%-0.00pp
- 201436.0%+0.94pp
- 201335.0%-3.23pp
- 201238.2%+4.08pp
- 201134.2%-3.01pp
- 201037.2%-1.58pp
- 200938.8%+3.53pp
- 200835.2%+0.56pp
- 200734.7%+1.31pp
- 200633.4%-0.74pp
- 200534.1%+1.18pp
- 200432.9%+0.02pp
- 200332.9%-0.58pp
- 200233.5%+1.35pp
- 200132.1%-8.25pp
- 200040.4%-2.65pp
- 199943.0%-0.11pp
- 199843.1%+2.75pp
- 199740.4%+0.19pp
- 199640.2%+0.12pp
- 199540.1%-1.07pp
- 199441.1%-2.30pp
- 199343.4%+2.14pp
- 199241.3%-1.06pp
- 199142.3%-2.01pp
- 199044.4%+1.48pp
- 198942.9%+0.68pp
- 198842.2%+0.07pp
- 198742.1%-0.24pp
- 198642.4%+7.30pp
- 198535.1%—
Gross 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 Gross Margin at Badger Meter (BMI)
According to Badger Meter's latest reported financial statements, the company's latest reported gross margin is 41.4%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Badger Meter (BMI) gross margin is 41.68% – expanded 1.9 percentage points year-over-year.
Across the available history, gross margin reached its high of 44.36% in 1990 and its low of 32.12% in 2001.
Badger Meter Gross Margin by Year
Badger Meter Gross Margin 2025: 41.7%
Badger Meter gross margin in 2025 was 41.68%, expanded 1.9 percentage points from 2024.
Badger Meter Gross Margin 2024: 39.8%
2024's gross margin for Badger Meter came in at 39.83%, expanded 0.5 percentage points from 2023.
Badger Meter Gross Margin 2023: 39.3%
Badger Meter posted gross margin of 39.29% in 2023, expanded 0.4 percentage points from 2022.
Badger Meter Gross Margin 2022: 38.9%
In 2022, Badger Meter reported gross margin of 38.89%, contracted 1.8 percentage points from 2021.
Badger Meter Gross Margin 2021: 40.7%
Badger Meter gross margin in 2021 was 40.67%.
See more financial history for Badger Meter (BMI).
Sector peers by Gross Margin
Technology peers of Badger Meter (BMI), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
Frequently asked questions
Badger Meter (BMI) Key Financials
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