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Badger Meter (BMI)
NYSE:BMI
US Market
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Badger Meter (BMI) Ratios

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Badger Meter Ratios

BMI's free cash flow for Q3 2025 was $0.41. For the 2025 fiscal year, BMI's free cash flow was decreased by $ and operating cash flow was $0.20. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
3.22 3.35 3.15 3.18 3.39
Quick Ratio
2.23 2.19 2.07 1.97 2.14
Cash Ratio
1.31 1.45 1.25 1.06 1.11
Solvency Ratio
0.93 0.60 0.58 0.69 0.70
Operating Cash Flow Ratio
1.18 0.83 0.75 1.07 1.37
Short-Term Operating Cash Flow Coverage
0.00 0.00 0.00 0.00 0.00
Net Current Asset Value
$ 317.10M$ 241.74M$ 187.21M$ 133.61M$ 113.73M
Leverage Ratios
Debt-to-Assets Ratio
0.00 <0.01 0.01 0.01 0.02
Debt-to-Equity Ratio
0.00 0.01 0.02 0.02 0.02
Debt-to-Capital Ratio
0.00 0.01 0.02 0.02 0.02
Long-Term Debt-to-Capital Ratio
0.00 0.00 0.00 0.00 0.00
Financial Leverage Ratio
1.22 1.39 1.36 1.32 1.30
Debt Service Coverage Ratio
0.00 0.00 167.00 0.00 2.49K
Interest Coverage Ratio
0.00 0.00 158.14 0.00 2.17K
Debt to Market Cap
0.00 0.00 0.00 0.00 0.00
Interest Debt Per Share
0.00 0.20 0.25 0.21 0.25
Net Debt to EBITDA
-0.97 -1.27 -1.16 -0.76 -0.72
Profitability Margins
Gross Profit Margin
41.26%39.29%38.89%40.67%39.54%
EBIT Margin
20.18%16.76%15.51%15.56%15.28%
EBITDA Margin
23.04%20.75%20.05%21.07%21.20%
Operating Profit Margin
19.93%16.78%15.43%15.58%15.31%
Pretax Profit Margin
20.66%17.33%15.51%15.56%15.27%
Net Profit Margin
15.40%13.16%11.76%12.05%11.60%
Continuous Operations Profit Margin
15.40%13.16%11.76%12.05%11.60%
Net Income Per EBT
74.55%75.92%75.81%77.44%75.93%
EBT Per EBIT
103.65%103.32%100.48%99.87%99.73%
Return on Assets (ROA)
14.19%12.92%11.03%11.47%10.53%
Return on Equity (ROE)
20.36%17.93%15.03%15.11%13.66%
Return on Capital Employed (ROCE)
21.77%20.18%17.72%17.55%16.16%
Return on Invested Capital (ROIC)
16.23%15.25%13.43%13.59%12.27%
Return on Tangible Assets
22.40%16.84%14.84%16.80%15.13%
Earnings Yield
2.52%2.05%2.09%1.96%1.81%
Efficiency Ratios
Receivables Turnover
7.83 8.43 7.38 7.67 6.90
Payables Turnover
7.58 5.22 4.84 7.16 7.37
Inventory Turnover
3.47 2.78 2.88 3.01 3.15
Fixed Asset Turnover
11.50 8.86 7.69 6.47 5.15
Asset Turnover
0.92 0.98 0.94 0.95 0.91
Working Capital Turnover Ratio
2.77 2.57 2.71 3.02 2.85
Cash Conversion Cycle
103.73 104.73 100.60 117.92 119.11
Days of Sales Outstanding
46.60 43.32 49.47 47.59 52.91
Days of Inventory Outstanding
105.25 131.31 126.58 121.31 115.74
Days of Payables Outstanding
48.12 69.90 75.45 50.98 49.54
Operating Cycle
151.85 174.63 176.05 168.90 168.65
Cash Flow Ratios
Operating Cash Flow Per Share
6.15 3.76 2.82 3.00 3.08
Free Cash Flow Per Share
5.65 3.35 2.62 2.77 2.77
CapEx Per Share
0.50 0.41 0.20 0.23 0.31
Free Cash Flow to Operating Cash Flow
0.92 0.89 0.93 0.92 0.90
Dividend Paid and CapEx Coverage Ratio
3.21 2.68 2.68 3.03 3.05
Capital Expenditure Coverage Ratio
12.34 9.17 14.00 12.97 9.89
Operating Cash Flow Coverage Ratio
0.00 19.12 12.14 14.17 12.41
Operating Cash Flow to Sales Ratio
0.20 0.16 0.15 0.17 0.21
Free Cash Flow Yield
3.01%2.17%2.40%2.60%2.95%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
38.84 48.82 47.91 51.01 55.38
Price-to-Sales (P/S) Ratio
5.99 6.43 5.63 6.15 6.42
Price-to-Book (P/B) Ratio
6.73 8.75 7.20 7.70 7.56
Price-to-Free Cash Flow (P/FCF) Ratio
32.46 46.08 41.61 38.45 33.94
Price-to-Operating Cash Flow Ratio
29.78 41.05 38.64 35.49 30.51
Price-to-Earnings Growth (PEG) Ratio
17.98 1.26 5.27 2.22 12.90
Price-to-Fair Value
6.73 8.75 7.20 7.70 7.56
Enterprise Value Multiple
25.02 29.68 26.93 28.41 29.57
Enterprise Value
5.32B 4.33B 3.05B 3.02B 2.67B
EV to EBITDA
25.61 29.68 26.93 28.41 29.57
EV to Sales
5.90 6.16 5.40 5.99 6.27
EV to Free Cash Flow
31.98 44.18 39.90 37.45 33.13
EV to Operating Cash Flow
29.39 39.36 37.04 34.56 29.78
Tangible Book Value Per Share
15.02 11.94 9.84 8.05 7.54
Shareholders’ Equity Per Share
27.22 17.64 15.14 13.83 12.43
Tax and Other Ratios
Effective Tax Rate
0.25 0.24 0.24 0.23 0.24
Revenue Per Share
30.63 24.03 19.36 17.33 14.65
Net Income Per Share
4.72 3.16 2.28 2.09 1.70
Tax Burden
0.75 0.76 0.76 0.77 0.76
Interest Burden
1.02 1.03 1.00 1.00 1.00
Research & Development to Revenue
0.00 0.03 0.03 0.03 0.03
SG&A to Revenue
0.05 0.23 0.23 0.25 0.24
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
1.30 1.19 1.24 1.44 1.82
Currency in USD
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