Operating Income for Badger Meter (BMI)
According to Badger Meter's latest reported financial statements, the company's current operating income (TTM) is $169.17M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
BMI
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TTM (last 4 quarters)
$169.17M
YoY change
+16.1%
5Y CAGR
+23.0%
Peak year (2025)
$183.42M
Cumulative operating income
$1.49B
Operating Income history chart for Badger Meter (BMI) from 1985 to 2025
Operating Income history table for Badger Meter (BMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $183.42M | +16.1% | ||
| 2024 | $157.94M | +33.8% | ||
| 2023 | $118.05M | +35.2% | ||
| 2022 | $87.30M | +10.9% | ||
| 2021 | $78.72M | +20.8% | ||
| 2020 | $65.16M | +4.8% | ||
| 2019 | $62.15M | +9.3% | ||
| 2018 | $56.87M | +2.2% | ||
| 2017 | $55.62M | +9.6% | ||
| 2016 | $50.77M | +19.8% | ||
| 2015 | $42.37M | -8.0% | ||
| 2014 | $46.05M | +17.7% | ||
| 2013 | $39.11M | -12.1% | ||
| 2012 | $44.47M | +61.5% | ||
| 2011 | $27.53M | -38.6% | ||
| 2010 | $44.82M | +6.1% | ||
| 2009 | $42.24M | +3.3% | ||
| 2008 | $40.90M | +33.6% | ||
| 2007 | $30.62M | +6.3% | ||
| 2006 | $28.79M | +20.2% | ||
| 2005 | $23.95M | +18.6% | ||
| 2004 | $20.20M | +43.2% | ||
| 2003 | $14.10M | +6.9% | ||
| 2002 | $13.20M | +117.6% | ||
| 2001 | $6.07M | -45.0% | ||
| 2000 | $11.02M | -34.0% | ||
| 1999 | $16.70M | +19.3% | ||
| 1998 | $14.00M | +27.3% | ||
| 1997 | $11.00M | +25.0% | ||
| 1996 | $8.80M | +25.7% | ||
| 1995 | $7.00M | +16.7% | ||
| 1994 | $6.00M | +50.0% | ||
| 1993 | $4.00M | +90.5% | ||
| 1992 | $2.10M | -36.4% | ||
| 1991 | $3.30M | -32.7% | ||
| 1990 | $4.90M | -2.0% | ||
| 1989 | $5.00M | +8.7% | ||
| 1988 | $4.60M | +12.2% | ||
| 1987 | $4.10M | +64.0% | ||
| 1986 | $2.50M | -3.8% | ||
| 1985 | $2.60M | — |
Operating Income 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 operating income of $183.42M – grew 16.1% year-over-year.
Across 2020–2025 (5 years), Badger Meter operating income produced a CAGR of +23.0% – sustaining 10 straight years of year-over-year growth.
The dataset's maximum operating income sits at $183.42M (2025); the minimum reading of $2.10M dates to 1992.
Within Technology, Badger Meter (BMI) ranks 9th among 8 peers we track. The peer median for operating income is $77.01B.
Badger Meter Operating Income by Year
Badger Meter Operating Income 2025: $183.42M
Badger Meter operating income in 2025 was $183.42M, grew 16.1% from 2024. This figure represents the highest annual value in the available history.
Badger Meter Operating Income 2024: $157.94M
Badger Meter operating income in 2024 was $157.94M, surged 33.8% from 2023.
Badger Meter Operating Income 2023: $118.05M
Badger Meter operating income in 2023 was $118.05M, surged 35.2% from 2022.
Badger Meter Operating Income 2022: $87.30M
Badger Meter operating income in 2022 was $87.30M, grew 10.9% from 2021.
Badger Meter Operating Income 2021: $78.72M
Badger Meter operating income in 2021 was $78.72M.
See more financial history for Badger Meter (BMI).
Sector peers — Operating Income
Companies in the same sector as Badger Meter, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Badger Meter's operating income?
- Latest reported operating income for Badger Meter (BMI) is $169.17M (period ending March 31, 2026).
How has Badger Meter operating income changed year-over-year?
- Badger Meter (BMI) operating income changed +16.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Badger Meter operating income?
- Badger Meter (BMI) operating income compound annual growth rate is +23.0% over the most recent 5 years available.
When did Badger Meter operating income hit its highest annual value?
- Badger Meter operating income reached its highest annual value of $183.42M in 2025.
What was Badger Meter operating income in 2024?
- Badger Meter (BMI) operating income in 2024 was $157.94M.
What was Badger Meter operating income in 2025?
- Badger Meter (BMI) operating income in 2025 was $183.42M.
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