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Badger Infrastructure Solutions Ltd.

Badger Infrastructure Solutions Ltd.

BADFF
Badger Infrastructure Solutions Ltd.US flagOther OTC
33.30
USD
- -
- -
1.12BMarket Cap
Badger Infrastructure Solutions Ltd.
BADFF
(Other OTC)

Recent

price

33.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
3.98
4.3
5.86
6.9
8.24
9.82
7.86
8.11
10.65
12.18
13.98
12.56
13.12
16.56
19.84
21.63
22.76
Revenue per Share
0.58
0.57
0.78
0.81
1.02
1.24
0.75
0.58
1.41
1.34
1.28
0.56
-0.25
0.53
1.21
1.39
1.64
Basic EPS, GAAP
0.63
0.28
-0.12
-0.23
-0.37
-0.35
1.19
1.11
0.08
0.79
-0.41
1.72
0.3
0.06
0.6
1.27
1.6
Free Cash Flow per Basic Share
0.4
0.42
0.34
0.34
0.34
0.31
0.26
0.29
0.33
0.38
0.43
0.46
0.5
0.42
0.51
0.52
0.52
Dividend per Share
2.04
0.91
2.65
4.03
4.24
4.81
4.55
4.98
6.4
6.51
6.56
7.52
6.52
6.56
7.26
7.62
8.01
Book Value per Share
1.96
2.22
2.5
3.84
3.92
4.86
5.03
5.41
6.62
6.95
6.38
6.67
5.69
5.8
6.39
6.76
7.1
Tangible Book Value per Share
32
32
32
35
37
37
37
37
37
37
36
35
35
34
34
34
34
Basic Weighted Avg Shares
129
140
190
240
305
364
292
301
395
452
501
438
454
571
684
745
777
Sales/Revenue/Turnover
17.12
15.41
19.59
18.01
18.41
19.62
15.42
13.47
15.75
16.64
12.82
7.37
-0.36
6.11
9.11
11.55
11.56
Operating Margin (%)
13
13
14
19
23
30
31
32
36
36
49
57
57
60
70
79
82
Depreciation Expense
19
19
25
28
38
46
28
22
52
50
46
19
-9
18
42
48
56
Net Income, GAAP
9.12
9.6
27.95
33.23
30.2
27.77
6.68
38.66
8.06
30.54
21.61
25.33
- -
20.07
26.88
29.04
29.03
Effective Tax Rate (%)
14.56
13.3
13.29
11.73
12.43
12.58
9.51
7.15
13.26
11.02
9.13
4.43
-1.92
3.2
6.11
6.43
7.2
Profit Margin (%)
25
38
39
44
58
80
60
90
91
105
67
55
43
77
74
62
83
Working Capital
31
40
46
30
77
107
75
75
75
75
109
86
105
157
196
202
246
LT Debt
70
79
88
140
161
193
193
208
253
269
253
258
222
223
245
258
267
Total Equity
21.37
17.63
20.84
18.53
18.82
18.83
14.69
9.06
18.78
15.61
13.8
6.38
- -
7.49
10.82
13.16
12.5
Return on Invested Capital (%)
22.16
23.28
25.91
19.22
19.26
18.99
11.99
9.45
19.71
16.63
14.46
6.47
- -
6.46
12.55
12.33
12.8
Return on Capital (%)
31.92
38.83
43.74
24.89
25.47
27.28
15.99
12.17
24.78
20.79
19.2
7.81
-3.58
8.1
17.53
18.67
21.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
18
18
20
LT Borrowings
170
193
214
LT Finance Leases
32
31
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
1,224
1,387
1,606

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
206
193
230
Cash, Cash Equivalents & STI
15
1
6
Accounts Receivable, Net
161
153
173
Inventories
12
11
13
Total Current Liabilities
145
125
147
Payables & Accruals
108
89
105
ST Debt
18
18
20
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.35%
0.74%
5.39%
Free Cash Flow
60.02%
84.78%
110.65%
Net Income, GAAP
-30.04%
-73.79%
14.61%
Sales/Revenue/Turnover
8.55%
9.11%
8.94%
Total Cash Common Dividend
5.3%
3.89%
2.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
143
172
196
173
684
2024
162
187
209
187
745
2025
173
208
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.08
0.32
0.68
- -
1.21
2024
0.05
0.35
0.68
0.32
1.39
2025
0.1
0.55
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.12
0.13
0.13
- -
0.51
2024
0.13
0.13
0.13
0.13
0.52
2025
0.13
0.14
- -
- -
- -
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Business
Badger Infrastructure Solutions Ltd. is a provider of non-destructive excavation and related infrastructure services across North America, operating primarily in Canada and the United States. The company designs, manufactures, and sells specialized hydrovac excavation units, utilizing its proprietary Badger Hydrovac™ technology, which deploys pressurized water and vacuum systems to safely liquefy and remove soil for underground infrastructure exposure without damage. Its core services include daylighting, potholing, power distribution for underground utility confirmation, directional drilling test holes, sacrificial anode installation, pipeline excavation for crossings and tie-ins, and service repair pits. Additional offerings include debris removal for frac tank clean-outs, pipe-rammed casing clean-outs, ballast removal, shoring installation, trenching, pole and piling hole drilling, air and mandrel testing, CCTV inspections, sewer services, smoke testing, and emergency response solutions. Founded in 1992 and headquartered in Calgary, Alberta, Badger Infrastructure Solutions operates with a vertically integrated manufacturing footprint in Red Deer, Alberta, supporting a national fleet and centralized sales and support functions to serve various industries including oil and gas, energy, industrial, construction, transportation, and government sectors. The company changed its name from Badger Daylighting Ltd. to Badger Infrastructure Solutions Ltd. in May 2021 to reflect its expanded service portfolio. Recent strategic developments in the last 1-2 years include investments to support growth through enterprise and resource planning tool implementation, expansion of manufacturing capabilities, and initiatives to increase operational efficiency and risk management. In 2024 and 2025, Badger reported solid revenue growth, with incremental increases in adjusted EBITDA and adjusted net earnings, driven by strong U.S. market performance and commercial execution, including robust sales initiatives, pricing strategies, and fleet management involving new builds, refurbishments, and retirements of hydrovac units. The company anticipates continued demand growth in utilities and nonresidential construction sectors across its geographic markets, with capital expenditures planned between $90 million to $130 million for manufacturing and refurbishing its equipment fleet. Badger serves a broad customer base, with more than 60% of sales generated from Canadian operations, complemented by significant contributions from U.S. markets. Its subsidiaries and fully integrated operational model reinforce its market leadership position in non-destructive excavation services. In summary, Badger Infrastructure Solutions Ltd. specializes in hydrovac excavation equipment manufacturing and a comprehensive suite of excavation and infrastructure utility services across North America, maintaining steady growth through strategic manufacturing expansion, operational efficiencies, and targeted market execution in both Canada and the U.S. Its ongoing investments in technology and fleet capacity underscore its commitment to maintaining leadership in the non-destructive excavation industry.

Company News

APIChat

  • defenseworld.net

    Badger Infrastructure Solutions (OTCMKTS:BADFF) Stock Passes Below Fifty Day Moving Average – Here’s Why

  • globenewswire.com

    Badger Delivers Solid Growth in 2025, and Announces Record Fleet Build for 2026

  • globenewswire.com

    Badger Infrastructure Delivers Another Quarter of Double Digit Growth in Revenue, Adjusted EBITDA and Adjusted Net Earnings

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Confirms Release Date For Q3 2025 Results

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Delivers Double Digit Growth in 2025 Second Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Confirms Release Date for Q2 2025 Results

  • seekingalpha.com

    Badger Infrastructure Solutions Ltd. (BADFF) Q1 2025 Earnings Call Transcript

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2025 First Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Confirms Release Date for Q1 2025 Results and Filing of Management Information Circular in Connection With 2025 Annual Meeting of Shareholders

  • seekingalpha.com

    Badger Infrastructure Solutions Ltd. (BADFF) Q4 2024 Earnings Call Transcript

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2024 Full Year Revenue, Adjusted EBITDA, Adjusted Net Earnings and a 4.2% Dividend Increase

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Confirms Release Date for Fourth Quarter 2024 Results

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Announces Appointment of George Williams to Board of Directors

  • seekingalpha.com

    Badger Infrastructure Solutions Ltd. (BADFF) Q3 2024 Earnings Call Transcript

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2024 Third Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Confirms Release Date for Third Quarter 2024 Results

  • seekingalpha.com

    Badger Infrastructure Solutions Ltd. (BADFF) Q2 2024 Earnings Call Transcript

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2024 Second Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

  • globenewswire.com

    Badger Infrastructure Solutions Ltd. Confirms Release Date for Second Quarter 2024 Results

  • seekingalpha.com

    Badger Infrastructure Solutions Ltd. (BADFF) Q1 2024 Earnings Call Transcript