TTM
$164M
YoY change
+16.1%
5Y CAGR
+23.0%
Peak year (FY2025)
$183M
Cumulative operating income
$1.56B
Operating Income history chart for Badger Meter (BMI) from 2016 to 2025
Latest: $183M
Operating Income growth chart for Badger Meter (BMI) from 2016 to 2025
Latest: +16.1%
Operating Income history table for Badger Meter (BMI) from 1985 to 2025
| FY2025 | $183M | +16.1% | +$25.5M | ||
| FY2024 | $158M | +33.8% | +$39.9M | ||
| FY2023 | $118M | +35.2% | +$30.8M | ||
| FY2022 | $87.3M | +10.9% | +$8.57M | ||
| FY2021 | $78.7M | +20.8% | +$13.6M | ||
| FY2020 | $65.2M | +4.8% | +$3.01M | ||
| FY2019 | $62.1M | +9.3% | +$5.28M | ||
| FY2018 | $56.9M | +2.2% | +$1.25M | ||
| FY2017 | $55.6M | +9.6% | +$4.86M | ||
| FY2016 | $50.8M | +19.8% | +$8.4M | ||
| FY2015 | $42.4M | -8.0% | -$3.68M | ||
| FY2014 | $46M | +17.7% | +$6.94M | ||
| FY2013 | $39.1M | -12.1% | -$5.36M | ||
| FY2012 | $44.5M | +61.5% | +$16.9M | ||
| FY2011 | $27.5M | -38.6% | -$17.3M | ||
| FY2010 | $44.8M | +6.1% | +$2.58M | ||
| FY2009 | $42.2M | +3.3% | +$1.34M | ||
| FY2008 | $40.9M | +33.6% | +$10.3M | ||
| FY2007 | $30.6M | +6.3% | +$1.83M | ||
| FY2006 | $28.8M | +20.2% | +$4.84M | ||
| FY2005 | $23.9M | +18.6% | +$3.75M | ||
| FY2004 | $20.2M | +43.2% | +$6.1M | ||
| FY2003 | $14.1M | +6.9% | +$905K | ||
| FY2002 | $13.2M | +117.6% | +$7.13M | ||
| FY2001 | $6.07M | -45.0% | -$4.95M | ||
| FY2000 | $11M | -34.0% | -$5.68M | ||
| FY1999 | $16.7M | +19.3% | +$2.7M | ||
| FY1998 | $14M | +27.3% | +$3M | ||
| FY1997 | $11M | +25.0% | +$2.2M | ||
| FY1996 | $8.8M | +25.7% | +$1.8M | ||
| FY1995 | $7M | +16.7% | +$1M | ||
| FY1994 | $6M | +50.0% | +$2M | ||
| FY1993 | $4M | +90.5% | +$1.9M | ||
| FY1992 | $2.1M | -36.4% | -$1.2M | ||
| FY1991 | $3.3M | -32.7% | -$1.6M | ||
| FY1990 | $4.9M | -2.0% | -$100K | ||
| FY1989 | $5M | +8.7% | +$400K | ||
| FY1988 | $4.6M | +12.2% | +$500K | ||
| FY1987 | $4.1M | +64.0% | +$1.6M | ||
| FY1986 | $2.5M | -3.8% | -$100K | ||
| FY1985 | $2.6M | — | — |
- FY2025$183M+16.1%
- FY2024$158M+33.8%
- FY2023$118M+35.2%
- FY2022$87.3M+10.9%
- FY2021$78.7M+20.8%
- FY2020$65.2M+4.8%
- FY2019$62.1M+9.3%
- FY2018$56.9M+2.2%
- FY2017$55.6M+9.6%
- FY2016$50.8M+19.8%
- FY2015$42.4M-8.0%
- FY2014$46M+17.7%
- FY2013$39.1M-12.1%
- FY2012$44.5M+61.5%
- FY2011$27.5M-38.6%
- FY2010$44.8M+6.1%
- FY2009$42.2M+3.3%
- FY2008$40.9M+33.6%
- FY2007$30.6M+6.3%
- FY2006$28.8M+20.2%
- FY2005$23.9M+18.6%
- FY2004$20.2M+43.2%
- FY2003$14.1M+6.9%
- FY2002$13.2M+117.6%
- FY2001$6.07M-45.0%
- FY2000$11M-34.0%
- FY1999$16.7M+19.3%
- FY1998$14M+27.3%
- FY1997$11M+25.0%
- FY1996$8.8M+25.7%
- FY1995$7M+16.7%
- FY1994$6M+50.0%
- FY1993$4M+90.5%
- FY1992$2.1M-36.4%
- FY1991$3.3M-32.7%
- FY1990$4.9M-2.0%
- FY1989$5M+8.7%
- FY1988$4.6M+12.2%
- FY1987$4.1M+64.0%
- FY1986$2.5M-3.8%
- FY1985$2.6M—
Operating Income 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 Operating Income at Badger Meter (BMI)
According to Badger Meter's latest reported financial statements, the company's current operating income (TTM) is $164M. 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 .
As of the 2025 fiscal year, Badger Meter (BMI) reported operating income of $183M – 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 record annual operating income stands at $183M, reached in 2025; the historical low of $2.1M was recorded in 1992.
Badger Meter Operating Income by Year
Badger Meter Operating Income 2025: $183M
Badger Meter posted operating income of $183M in 2025, grew 16.1% from 2024. This figure represents the highest annual value in the available history.
Badger Meter Operating Income 2024: $158M
In 2024, Badger Meter reported operating income of $158M, surged 33.8% from 2023.
Badger Meter Operating Income 2023: $118M
Badger Meter operating income in 2023 was $118M, surged 35.2% from 2022.
Badger Meter Operating Income 2022: $87.3M
2022's operating income for Badger Meter came in at $87.3M, grew 10.9% from 2021.
Badger Meter Operating Income 2021: $78.7M
Badger Meter operating income in 2021 was $78.7M.
See more financial history for Badger Meter (BMI).
Sector peers by Operating Income
Industrials peers of Badger Meter (BMI), ranked by their latest operating income
| $11.2B | |
| $9.84B | |
| $9.3B | |
| $8.77B | |
| $8.42B | |
| $5.23B | |
| -$2.59B | |
| -$5.42B |
- $11.2B
- $9.84B
- $9.3B
- $8.77B
- $8.42B
- $5.23B
- -$2.59B
- -$5.42B
Frequently asked questions
Badger Meter (BMI) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks1.82% TTM
- Dividend Profile1.20% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History4 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.