TTM
18.9%
YoY change
+0.90pp
Trough year (1992)
2.6%
Peak year (2025)
20.0%
Latest annual
20.0%
Operating Margin history chart for Badger Meter (BMI) from 1985 to 2025
Latest: 20.0%
Operating Margin change chart for Badger Meter (BMI) from 1985 to 2025
Latest: +0.90pp
Operating Margin history table for Badger Meter (BMI) from 1985 to 2025
| 2025 | 20.0% | +0.90pp | ||
| 2024 | 19.1% | +2.33pp | ||
| 2023 | 16.8% | +1.34pp | ||
| 2022 | 15.4% | -0.15pp | ||
| 2021 | 15.6% | +0.27pp | ||
| 2020 | 15.3% | +0.68pp | ||
| 2019 | 14.6% | +1.52pp | ||
| 2018 | 13.1% | -0.71pp | ||
| 2017 | 13.8% | +0.93pp | ||
| 2016 | 12.9% | +1.67pp | ||
| 2015 | 11.2% | -1.41pp | ||
| 2014 | 12.6% | +0.92pp | ||
| 2013 | 11.7% | -2.21pp | ||
| 2012 | 13.9% | +3.44pp | ||
| 2011 | 10.5% | -5.73pp | ||
| 2010 | 16.2% | -0.67pp | ||
| 2009 | 16.9% | +2.24pp | ||
| 2008 | 14.6% | +1.59pp | ||
| 2007 | 13.0% | +0.51pp | ||
| 2006 | 12.5% | +1.48pp | ||
| 2005 | 11.1% | +1.20pp | ||
| 2004 | 9.9% | +2.19pp | ||
| 2003 | 7.7% | -0.22pp | ||
| 2002 | 7.9% | +3.51pp | ||
| 2001 | 4.4% | -3.15pp | ||
| 2000 | 7.5% | -3.54pp | ||
| 1999 | 11.1% | +1.33pp | ||
| 1998 | 9.7% | +1.33pp | ||
| 1997 | 8.4% | +0.82pp | ||
| 1996 | 7.6% | +1.14pp | ||
| 1995 | 6.4% | +0.40pp | ||
| 1994 | 6.0% | +1.31pp | ||
| 1993 | 4.7% | +2.18pp | ||
| 1992 | 2.6% | -1.65pp | ||
| 1991 | 4.2% | -2.15pp | ||
| 1990 | 6.4% | -0.56pp | ||
| 1989 | 6.9% | +0.45pp | ||
| 1988 | 6.5% | +0.32pp | ||
| 1987 | 6.1% | +2.04pp | ||
| 1986 | 4.1% | -0.55pp | ||
| 1985 | 4.7% | — |
- 202520.0%+0.90pp
- 202419.1%+2.33pp
- 202316.8%+1.34pp
- 202215.4%-0.15pp
- 202115.6%+0.27pp
- 202015.3%+0.68pp
- 201914.6%+1.52pp
- 201813.1%-0.71pp
- 201713.8%+0.93pp
- 201612.9%+1.67pp
- 201511.2%-1.41pp
- 201412.6%+0.92pp
- 201311.7%-2.21pp
- 201213.9%+3.44pp
- 201110.5%-5.73pp
- 201016.2%-0.67pp
- 200916.9%+2.24pp
- 200814.6%+1.59pp
- 200713.0%+0.51pp
- 200612.5%+1.48pp
- 200511.1%+1.20pp
- 20049.9%+2.19pp
- 20037.7%-0.22pp
- 20027.9%+3.51pp
- 20014.4%-3.15pp
- 20007.5%-3.54pp
- 199911.1%+1.33pp
- 19989.7%+1.33pp
- 19978.4%+0.82pp
- 19967.6%+1.14pp
- 19956.4%+0.40pp
- 19946.0%+1.31pp
- 19934.7%+2.18pp
- 19922.6%-1.65pp
- 19914.2%-2.15pp
- 19906.4%-0.56pp
- 19896.9%+0.45pp
- 19886.5%+0.32pp
- 19876.1%+2.04pp
- 19864.1%-0.55pp
- 19854.7%—
Operating 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 Operating Margin at Badger Meter (BMI)
According to Badger Meter's latest reported financial statements, the company's latest reported operating margin is 18.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Badger Meter (BMI) reported operating margin of 20.01% – expanded 0.9 percentage points year-over-year.
20.01% stands as the all-time-high annual operating margin, posted in 2025, against a low of 2.56% during 1992.
Badger Meter Operating Margin by Year
Badger Meter Operating Margin 2025: 20.0%
2025's operating margin for Badger Meter came in at 20.01%, expanded 0.9 percentage points from 2024. This figure represents the highest annual value in the available history.
Badger Meter Operating Margin 2024: 19.1%
Badger Meter posted operating margin of 19.11% in 2024, expanded 2.3 percentage points from 2023.
Badger Meter Operating Margin 2023: 16.8%
In 2023, Badger Meter reported operating margin of 16.78%, expanded 1.3 percentage points from 2022.
Badger Meter Operating Margin 2022: 15.4%
Badger Meter operating margin in 2022 was 15.43%, contracted 0.1 percentage points from 2021.
Badger Meter Operating Margin 2021: 15.6%
Badger Meter operating margin in 2021 was 15.58%.
See more financial history for Badger Meter (BMI).
Sector peers by Operating Margin
Technology peers of Badger Meter (BMI), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
Frequently asked questions
Badger Meter (BMI) Key Financials
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