Badger Meter, Inc. Financial Ratios — 33B Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	11.02	15.99	13.39	14.45	11.62	13.22	12.96	9.57	14.87	14.25	15.93	15.73	19.31	22.26	21.47
Return on Assets (%)	8.81	11.01	8.12	9.03	7.45	9.16	9.33	7.09	11.58	11.05	12.15	11.73	14.03	16.3	15.83
Return on Capital (%)	10.65	13.69	10.04	10.93	8.99	11	11.38	8.91	14.42	14.17	15.93	15.73	19.31	22.26	21.47
Return on Invested Capital (%)	10.61	13.65	10.02	10.91	8.97	11.35	11.51	13.66	14.46	14.22	15.98	15.69	18.77	21.22	20.96
Gross Margin (%)	34.16	38.24	35.01	35.95	35.95	38.24	38.7	37.43	38.51	39.54	40.67	38.89	39.29	39.83	41.68
EBITDA Margin (%)	14.08	17.68	15.74	16.92	16.67	19.08	20.13	18.72	20.32	21.24	21.1	20.07	20.77	23	23.78
Operating Margin (%)	10.47	13.91	11.7	12.62	11.22	13.38	14.06	13.11	14.64	15.31	15.58	15.43	16.78	19.11	20.01
Incremental Operating Margin (%)	126.02	29.84	- -	22.65	- -	64.14	45.2	0.88	- -	327.31	17.03	14.2	22.28	32.44	28.28
Pretax Margin (%)	10.4	13.6	11.38	12.31	10.9	12.66	13.63	8.27	14.51	15.27	15.56	15.51	17.33	20.14	20.58
Profit Margin (%)	7.29	8.77	7.37	8.14	6.87	8.2	8.59	6.41	11.11	11.6	12.05	11.76	13.16	15.12	15.45
Net Income to Common Margin (%)	7.29	8.77	7.37	8.14	6.87	8.2	8.59	6.41	11.11	11.6	12.05	11.76	13.16	15.12	15.45
Effective Tax Rate (%)	29.94	35.52	35.23	33.92	36.97	35.21	36.95	22.49	23.42	24.07	22.56	24.19	24.08	24.96	24.93
Dvd Payout Ratio (%)	47.09	33.94	40.64	35.83	43.42	38.58	41.12	58.53	39.42	41.22	36.39	37.42	31.37	28.69	30.73
Sustainable Growth Rate (%)	5.83	10.57	7.95	9.27	6.57	8.12	7.63	3.97	9.01	8.38	10.13	9.84	13.25	15.87	14.87

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2	67	70	76	71	38	45	18	4	- -	- -	- -	- -	- -	- -
ST Debt	2	67	70	76	71	38	45	18	4	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	0.05	1.18	1.33	1.23	1.13	0.51	0.55	0.22	0.05	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.09	1.06	1.19	1.12	1	0.41	0.41	0.06	-0.51	-0.8	-0.82	-1.22	-1.31	-1.55	-1.04
Total Debt/EBIT	0.07	1.5	1.79	1.65	1.68	0.72	0.79	0.32	0.07	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.12	1.35	1.61	1.5	1.49	0.58	0.59	0.09	-0.71	-1.11	-1.11	-1.58	-1.62	-1.87	-1.23
EBITDA to Interest Expense	200.14	56.64	47.91	54.37	51.74	81.56	102.65	70.17	341.08	3,012.4	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	171.29	48.42	34.87	43.51	35.5	70.05	83.55	62.7	311.45	2,710.43	- -	- -	- -	- -	- -
EBIT to Interest Expense	148.83	44.56	35.62	40.57	34.81	57.19	71.73	49.15	245.64	2,171.87	- -	- -	- -	- -	- -
Interest Expense	- -	1	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	81.9	58.96	62.19	62.82	65.34	73.27	70.83	77.29	78.47	76.67	75.93	73.36	72.04	74.26	73.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	1	38.97	35.63	35.43	30.72	14.81	16.06	5.95	1.35	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	0.99	28.04	26.27	26.16	23.5	12.9	13.84	5.62	1.34	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	0.82	22.97	22.16	22.26	20.07	10.85	11.37	4.6	1.06	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-1.78	35.14	31.94	32.32	27.21	11.95	12.03	1.64	-13.41	-20.01	-21.63	-31.2	-37.13	-48.71	-31.69
Net Debt/Capital (%)	-1.81	26	24.21	24.43	21.39	10.67	10.74	1.61	-15.48	-25.01	-27.6	-45.36	-59.06	-94.98	-46.38
EBITDA	37	57	53	62	63	75	81	81	86	90	107	114	146	190	218
EBITDA-CapEx	32	48	38	49	43	65	66	73	79	81	100	108	134	177	218
Operating Income (Loss)	28	44	39	46	42	53	57	57	62	65	79	87	118	158	183

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.22	0.07	0.07	0.06	0.08	0.1	0.12	0.22	0.85	1.06	1.06	1.25	1.45	2.5	1.5
Current Ratio	4.52	1.29	1.3	1.32	1.43	1.99	1.7	2.74	3.5	3.29	3.18	3.15	3.35	4.57	3.36
Quick Ratio	2.06	0.55	0.59	0.57	0.62	0.89	0.75	1.32	1.93	1.97	1.86	1.95	2.09	3.21	2.25
CFO/Avg Current Liab	1.14	0.6	0.36	0.35	0.34	0.62	0.59	0.79	1.38	1.43	1.17	0.86	0.91	1.24	1.37
Common Equity/Total Assets	81.9	58.96	62.19	62.82	65.34	73.27	70.83	77.29	78.47	76.67	75.93	73.36	72.04	74.26	73.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	1	38.97	35.63	35.43	30.72	14.81	16.06	5.95	1.35	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	0.99	28.04	26.27	26.16	23.5	12.9	13.84	5.62	1.34	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	0.82	22.97	22.16	22.26	20.07	10.85	11.37	4.6	1.06	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	79.03	29.19	29.14	28.18	29.08	60.1	43.54	67.67	88.87	81.47	68.5	51.33	54.94	73.76	70.58
CFO/CapEx	5.87	4.24	2.43	2.9	1.81	5.3	3.3	6.98	10.77	9.89	12.97	14	9.17	12.1	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	7.37	6.98	7.01	6.83	6.76	6.82	6.97	6.65	6.92	7.92	7.94	8.79	9.85	9.32
Days Sales Outstanding	- -	49.53	52.28	52.08	53.45	53.98	53.52	52.39	54.87	52.77	46.08	45.99	41.54	37.06	39.16
Inventory Turnover	3.54	3.58	3.56	3.52	3.22	3.11	3.03	3.27	3.21	3.15	3.31	3.15	3.12	3.35	3.62
Days Inventory Outstanding	103.06	102.09	102.49	103.67	113.44	117.29	120.49	111.62	113.76	116	110.33	115.89	116.86	109.01	100.82
Accounts Payable Turnover	15.47	15.53	12.73	14.13	14.13	12.92	10.83	10.46	9.71	7.73	8.28	6.46	6.02	7.09	8.49
Accounts Payable Turnover Days	23.6	23.51	28.67	25.84	25.84	28.25	33.71	34.91	37.57	47.2	44.1	56.52	60.67	51.5	43
Cash Conversion Cycle	- -	128.11	126.1	129.91	141.05	143.02	140.3	129.1	131.05	121.57	112.31	105.36	97.74	94.56	96.99
Inventory to Cash Days	- -	-52.56	-50.21	-51.59	-59.99	-63.32	-66.97	-59.23	-58.89	-63.22	-64.25	-69.91	-75.32	-71.95	-61.67
Inventories	49	61	61	72	79	78	85	81	82	82	100	120	154	143	152
Raw Materials	25	28	31	33	37	42	40	40	41	40	49	65	78	83	100
Work In Process	11	13	12	13	13	17	22	17	18	17	25	24	41	37	29
Finished Goods	13	20	18	25	29	18	23	23	23	25	26	31	35	24	23
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	5	7	7	7	8	7	11	13	49	72	87	138	192	295	226
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	2	67	70	76	71	38	45	18	4	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	181	238	267	290	304	294	322	322	336	361	403	442	516	606	713
Total Debt/Capital (%)	0.99	28.04	26.27	26.16	23.5	12.9	13.84	5.62	1.34	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	263	320	334	365	378	394	402	434	425	426	505	566	704	827	917
TTM EBITDA	37	57	53	62	63	75	81	81	86	90	107	114	146	190	218
TTM Operating Income	28	44	39	46	42	53	57	57	62	65	79	87	118	158	183
TTM Cash Flow to Firm	31	35	36	36	37	57	50	61	81	90	88	82	110	155	184
TTM Free Cash Flow to Firm	26	27	21	24	17	46	35	53	73	81	81	77	98	142	184

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	30	29	29	29	29	29	29	29	29	29	29	29	29	29	29
Diluted Weighted Avg Shares	30	29	29	29	29	29	29	29	29	29	29	29	29	30	30
Basic Weighted Avg Shares	30	29	29	29	29	29	29	29	29	29	29	29	29	29	29
Revenue per Share	8.78	11.15	11.63	12.75	13.13	13.63	13.91	14.96	14.63	14.65	17.33	19.36	24.03	28.16	31.18
EBITDA per Share	1.24	1.97	1.83	2.16	2.19	2.6	2.8	2.8	2.97	3.11	3.66	3.89	4.99	6.48	7.42
Operating Income per Share	0.92	1.55	1.36	1.61	1.47	1.82	1.96	1.96	2.14	2.24	2.7	2.99	4.03	5.38	6.24
Basic EPS, GAAP	0.64	0.98	0.86	1.04	0.9	1.12	1.2	0.96	1.63	1.7	2.09	2.28	3.16	4.26	4.82
Basic EPS from Cont Ops	0.64	0.98	0.86	1.04	0.9	1.12	1.2	0.96	1.63	1.7	2.09	2.28	3.16	4.26	4.82
Diluted EPS, GAAP	0.64	0.97	0.85	1.03	0.9	1.11	1.19	0.95	1.61	1.69	2.08	2.26	3.14	4.23	4.79
Diluted EPS from Cont Ops	0.64	0.97	0.85	1.03	0.9	1.11	1.19	0.95	1.61	1.69	2.08	2.26	3.14	4.23	4.79
Dividend per Share	0.3	0.33	0.35	0.37	0.39	0.43	0.49	0.56	0.64	0.7	0.76	0.85	0.99	1.22	1.48
Cash Flow per Share	1.05	1.21	1.21	1.25	1.25	1.94	1.72	2.08	2.78	3.08	3	2.82	3.76	5.28	6.25
Free Cash Flow per Basic Share	0.87	0.93	0.71	0.82	0.56	1.58	1.2	1.78	2.52	2.77	2.77	2.62	3.35	4.84	6.25
Cash & Equivalents per Share	0.16	0.23	0.25	0.23	0.28	0.25	0.38	0.45	1.68	2.48	2.98	4.71	6.53	10.04	7.69
Book Value per Share	5.93	5.98	6.82	7.41	8	8.8	9.53	10.42	11.37	12.39	13.78	15.1	17.6	20.61	24.27
Tangible Book Value per Share	4.5	2.69	3.18	3.46	4.37	5.32	4.97	5.89	7.07	7.31	7.83	9.82	11.79	15.15	12.1