SuperworthBadger Meter profit margin BMI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 14.4%
- Operating margin, 12 months
- 18.8%
- Net margin on a year earlier
- −1.0 pts
- Peer median
- 8.2%
Over the twelve months to Sep 30, 2026, Badger Meter kept 14.4% of its revenue as net profit, with an operating margin of 18.8% and a gross margin of 41.6%.
Five years earlier its net margin was 11.8%.
The median for 10 medical instruments and supplies stocks of a similar size is 8.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 15.5% | 20.0% | 41.7% |
| FY2024 | 15.1% | 19.1% | 39.8% |
| FY2023 | 13.2% | 16.8% | 39.3% |
| FY2022 | 11.8% | 15.4% | 38.9% |
| FY2021 | 12.1% | 15.6% | 40.7% |
| FY2020 | 11.6% | 15.3% | 39.5% |
| FY2019 | 11.1% | 14.6% | 38.5% |
| FY2018 | 6.4% | 13.1% | 37.4% |
| FY2017 | 8.6% | 14.1% | 38.7% |
| FY2016 | 8.2% | 12.9% | 38.2% |
| FY2015 | 6.9% | 11.2% | 35.9% |
| FY2014 | 8.1% | 12.6% | 36.0% |
| FY2013 | 7.4% | 11.7% | 35.0% |
| FY2012 | 8.8% | 13.9% | 38.2% |
| FY2011 | 7.3% | 10.5% | 34.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 14.4% | −1.0 pts | 18.8% | |
| Q2 FY26 | 14.3% | −1.3 pts | 18.6% | |
| Q1 FY26 | 14.6% | −1.2 pts | 18.9% | |
| Q4 FY25 | 15.5% | +0.3 pts | 20.0% | |
| Q3 FY25 | 15.4% | +0.6 pts | 19.9% | |
| Q2 FY25 | 15.5% | +1.1 pts | 19.9% | |
| Q1 FY25 | 15.7% | +1.9 pts | 20.0% | |
| Q4 FY24 | 15.1% | +2.0 pts | 19.1% | |
| Q3 FY24 | 14.8% | +2.0 pts | 18.8% | |
| Q2 FY24 | 14.4% | +2.2 pts | 18.1% | |
| Q1 FY24 | 13.8% | +1.7 pts | 17.5% | |
| Q4 FY23 | 13.2% | +1.4 pts | 16.8% |
Against its peers
Companies in Medical - Instruments & Supplies nearest Badger Meter's size, closest first, today.
| Company | Profit margin |
|---|---|
| BMIBadger Meter | 14.3% |
| ICUIICU Medical | 1.4% |
| VNTVontier | 11.3% |
| NVSTEnvista | 3.3% |
| HAEHaemonetics | 7.1% |
| MMSIMerit Medical Systems | 9.2% |
| WRBYWarby Parker | 0.8% |
| ATRCAtriCure | 1.9% |
| MSAMSA Safety | 16.1% |
| UFPTUFP Technologies | 11.4% |
| INSPInspire Medical Systems | 15.0% |
| Peer median | 8.2% |
Where Badger Meter ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Badger Meter
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.