The table below shows BADGER METER INC's income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$916.66M
$826.56M
$703.59M
$565.57M
$505.20M
$425.54M
Cost of revenue
$534.59M
$497.37M
$427.15M
$345.60M
$299.71M
$257.30M
Gross profit
$382.07M
$329.18M
$276.44M
$219.97M
$205.48M
$168.25M
R&D
$21.60M
$19.20M
$19.00M
$15.80M
$14.70M
$11.60M
BMI annual revenue (10-K history)
BADGER METER INC reported annual revenue of $916.66M for fiscal year 2025. That is up 10.9% from $826.56M in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $393.76M (FY 2016) to $916.66M. Figures come from the company's audited annual reports as filed with the SEC.