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BADGER METER INC (BMI) Annual Reports

Q: Where can I read BADGER METER INC (BMI) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

BADGER METER INC is listed on NYSE, classified by the SEC under Totalizing Fluid Meters & Counting Devices (SIC 3824). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 9092 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$222.3M	$238.1M	-6.6%
Operating income	$39.4M	$44.9M	-12.2%
Net income	$29.7M	$34.6M	-14.1%
EPS (diluted)	$1.02	$1.17	-12.8%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 222 mn Net income 29.7 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	250	74.3	75.7	64.8	57.4	75.2	69.7	60.7	—	76.2	82.0	87.1	74.3	71.8	88.3	93.0	81.0	83.5	95.7	96.3	89.3	83.6	98.9	99.4	95.8	101	104	96.3	93.1	102	104	100	96.7	105	114	111	104	105	104	109	108	109	91.1	114	112	118	123	129	136	132	138	148	147	159	176	186	182	196	217	208	205	222	238	222	221	202	222
Gross profit	97.0	27.0	27.9	24.6	20.4	27.2	22.8	19.4	—	28.9	30.2	34.3	28.9	25.0	29.9	33.1	29.0	28.9	34.8	36.5	30.9	30.1	35.1	36.1	34.5	39.0	39.4	38.6	33.5	38.6	41.0	37.0	39.0	36.8	41.5	44.0	40.1	40.5	40.3	41.7	41.1	43.3	35.9	45.0	44.1	49.4	50.1	51.2	54.8	50.7	54.8	57.5	57.0	62.8	69.4	72.7	71.5	77.2	85.4	83.9	82.8	95.4	97.8	95.8	93.0	84.3	90.8
Operating income	42.2	13.0	13.4	9.66	5.24	12.3	7.99	2.03	—	10.2	11.4	14.1	8.82	4.72	10.2	13.9	10.3	7.69	14.2	16.0	8.15	7.05	12.2	13.6	9.51	12.8	14.9	13.9	9.10	13.5	16.6	12.4	13.2	9.97	16.4	15.7	14.8	14.3	15.0	16.4	16.3	16.0	12.7	19.5	17.0	17.8	18.7	19.4	22.9	18.9	22.1	23.9	22.5	25.1	29.5	31.4	32.1	36.6	41.5	40.6	39.2	49.4	44.9	46.1	43.0	35.2	39.4
Net income	34.2	8.03	9.02	6.26	3.26	7.83	6.88	1.19	—	6.25	7.44	8.86	5.48	2.91	6.28	9.05	6.38	4.63	8.81	10.2	6.00	4.23	7.90	8.33	5.48	7.99	9.40	8.79	6.11	8.75	10.6	7.98	7.23	7.55	6.15	2.85	11.2	10.8	11.4	12.7	12.3	11.8	9.53	14.9	13.1	13.8	14.0	15.9	17.3	14.4	16.7	17.9	17.5	19.4	22.5	26.0	24.7	29.1	33.1	32.0	30.7	38.4	34.6	35.1	33.6	27.3	29.7

Balance sheet

Quarterly · In mn (USD)

Total assets 998 mn Total liabilities 16.8 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	97.3	—	104	103	101	—	123	127	127	121	117	116	123	127	133	140	142	141	142	156	149	149	151	155	157	151	152	157	163	159	167	168	171	165	171	176	192	200	211	223	233	221	204	219	246	261	281	304	326	348	361	389	423	442	471	509	529	540	412	448	495	507	508	416
Total assets	—	—	—	216	—	223	220	219	74.3	297	298	297	290	287	302	309	316	324	329	331	341	342	357	353	355	356	358	357	350	354	379	386	392	395	401	401	393	403	405	417	422	431	440	449	468	486	499	519	531	546	560	574	603	633	659	690	717	743	781	803	816	900	936	978	974	971	998
Current liabilities	—	—	—	32.7	—	30.8	25.9	22.4	—	96.1	107	104	94.1	89.4	96.0	95.2	98.0	103	101	95.2	107	107	112	101	105	98.8	93.9	87.7	75.8	75.5	90.3	92.5	93.1	88.5	85.6	77.9	60.0	57.9	54.3	58.9	57.3	60.5	62.7	60.2	65.2	71.8	72.3	79.8	82.2	88.5	97.3	102	110	116	119	129	132	135	138	129	118	141	139	153	151	169	172
Total liabilities	—	—	—	—	—	—	—	—	16.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity	144	—	—	168	—	178	183	179	—	168	160	167	171	173	178	186	197	200	207	214	214	216	224	229	232	239	246	253	256	261	269	274	277	281	288	295	304	309	316	324	331	336	341	352	361	370	382	392	403	410	416	423	442	458	476	493	516	536	563	591	606	642	678	703	713	690	683

Cash flow

Quarterly · In mn (USD)

Operating 26.7 mn Investing -99.2 mn Financing -36.9 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	36.6	10.5	3.16	4.73	5.19	12.8	8.36	5.00	—	10.2	3.87	9.94	10.8	4.31	10.9	13.6	6.07	0.58	11.4	16.2	7.55	6.78	12.4	8.51	8.14	18.1	9.55	12.5	16.0	12.4	24.9	8.58	3.82	6.78	18.4	14.7	20.5	17.8	23.1	20.2	19.6	30.5	21.8	21.4	15.9	30.6	14.5	17.7	24.8	9.25	19.7	23.8	29.7	18.0	22.8	31.4	38.0	21.5	36.4	45.1	52.1	33.0	44.6	51.3	54.8	33.9	26.7
Investing	-7.75	-12.9	-10.9	-2.21	-5.57	-0.89	-1.04	-1.79	—	-51.5	-2.37	-2.11	-3.68	-2.80	-12.6	-8.36	-5.93	-3.33	-3.82	-3.13	-22.9	-3.20	-4.41	-8.54	-5.53	-3.25	-2.27	-2.34	-4.55	-4.01	-21.1	-4.79	-5.51	-3.04	-10.3	-1.98	-1.42	-2.16	-2.31	-1.12	-1.91	-1.94	-1.64	-2.28	-32.3	-46.3	-2.56	-3.96	1.42	-1.14	-1.63	-1.92	-1.20	-21.3	-2.74	-3.01	-2.05	-5.68	-2.34	-3.13	-4.67	-188	-3.02	-3.09	-4.03	-4.43	-99.2
Financing	-21.5	-8.26	7.24	-1.69	-1.08	-9.52	-5.68	-3.72	—	43.3	-0.95	-8.89	-6.71	-4.04	0.57	-3.52	2.71	1.83	-7.27	-9.27	12.0	-1.92	-3.98	-8.57	1.50	-13.1	-9.71	-6.99	-14.7	-4.71	-1.54	-4.70	0.52	-1.59	-9.28	-14.5	-16.8	-13.7	-12.2	-5.20	-6.65	-6.87	-5.31	-9.83	-5.81	-4.84	-5.67	-4.15	-5.84	-5.87	-6.27	-6.52	-5.95	-6.57	-6.59	-7.01	-7.92	-7.71	-7.41	-9.99	-9.98	-9.95	-9.52	-11.8	-26.7	-49.8	-36.9
Cash at period end	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11.2	—	—	—	13.1	15.0	23.9	37.7	48.9	70.4	85.2	93.9	72.3	51.4	57.4	67.0	87.2	89.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Profitability

Quarterly · %

Gross margin 40.8% Operating margin 17.7% Net margin 13.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	38.8%	36.4%	36.9%	38.0%	35.6%	36.2%	32.7%	31.9%	—	37.9%	36.8%	39.4%	38.8%	34.9%	33.8%	35.6%	35.8%	34.7%	36.4%	37.9%	34.6%	36.0%	35.5%	36.3%	36.0%	38.8%	38.0%	40.1%	36.0%	38.0%	39.4%	37.0%	40.4%	35.0%	36.5%	39.7%	38.5%	38.6%	38.9%	38.4%	38.2%	39.9%	39.3%	39.6%	39.2%	41.9%	40.8%	39.8%	40.4%	38.3%	39.7%	38.9%	38.7%	39.5%	39.5%	39.1%	39.2%	39.3%	39.4%	40.2%	40.3%	43.0%	41.1%	43.1%	42.1%	41.7%	40.8%
Operating margin	16.9%	17.5%	17.8%	14.9%	9.1%	16.3%	11.5%	3.3%	—	13.4%	13.8%	16.2%	11.9%	6.6%	11.5%	14.9%	12.8%	9.2%	14.9%	16.6%	9.1%	8.4%	12.3%	13.7%	9.9%	12.7%	14.4%	14.5%	9.8%	13.3%	15.9%	12.4%	13.6%	9.5%	14.4%	14.2%	14.2%	13.7%	14.5%	15.1%	15.2%	14.8%	13.9%	17.2%	15.1%	15.1%	15.2%	15.1%	16.8%	14.3%	16.0%	16.1%	15.3%	15.7%	16.8%	16.9%	17.6%	18.6%	19.2%	19.5%	19.1%	22.2%	18.8%	20.7%	19.5%	17.4%	17.7%
Net margin	13.7%	10.8%	11.9%	9.7%	5.7%	10.4%	9.9%	2.0%	—	8.2%	9.1%	10.2%	7.4%	4.0%	7.1%	9.7%	7.9%	5.5%	9.2%	10.6%	6.7%	5.0%	8.0%	8.4%	5.7%	7.9%	9.1%	9.1%	6.6%	8.6%	10.2%	8.0%	7.5%	7.2%	5.4%	2.6%	10.8%	10.3%	11.0%	11.7%	11.4%	10.9%	10.5%	13.1%	11.7%	11.7%	11.4%	12.3%	12.7%	10.8%	12.1%	12.1%	11.9%	12.2%	12.8%	13.9%	13.6%	14.8%	15.3%	15.4%	15.0%	17.3%	14.5%	15.8%	15.2%	13.5%	13.4%

Returns & leverage

Quarterly · %

ROE 18.5% ROA 13.0% Debt ratio 22.5%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	34.1%	—	14.8%	13.3%	11.0%	—	—	—	—	16.4%	14.5%	13.9%	13.4%	13.4%	14.2%	15.0%	15.0%	14.4%	14.1%	13.2%	11.9%	11.6%	13.1%	13.3%	13.1%	13.2%	13.2%	13.3%	12.7%	13.0%	12.3%	10.4%	8.3%	9.6%	10.5%	12.0%	14.9%	14.9%	15.0%	14.1%	14.4%	14.3%	14.5%	15.4%	15.3%	15.9%	15.8%	16.1%	16.3%	15.7%	16.5%	17.4%	18.7%	19.3%	20.6%	21.7%	21.9%	22.3%	22.8%	21.9%	21.4%	21.5%	19.6%	18.5%
ROA	—	—	—	26.6%	—	11.8%	11.0%	8.8%	—	—	—	—	15.4%	8.5%	7.8%	7.8%	8.1%	8.6%	9.2%	9.4%	9.0%	8.8%	8.3%	7.7%	7.5%	8.5%	8.7%	8.9%	9.2%	9.3%	9.3%	9.0%	9.3%	8.9%	7.4%	6.0%	7.1%	7.8%	9.0%	11.3%	11.6%	11.6%	11.0%	11.2%	11.1%	11.2%	11.9%	11.7%	12.2%	11.9%	12.1%	12.1%	11.7%	12.1%	12.7%	13.5%	14.0%	14.9%	15.7%	15.9%	16.3%	16.3%	15.8%	15.6%	15.8%	14.0%	13.0%
Debt ratio	—	—	—	—	—	—	—	—	22.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

EPS

Quarterly · US$

EPS US$1.02

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	2.28	0.53	0.60	0.42	0.22	0.52	0.46	0.08	—	0.42	0.52	0.62	0.39	0.20	0.44	0.63	0.44	0.32	0.61	0.71	0.42	0.29	0.55	0.58	0.38	0.55	0.65	0.30	0.21	0.30	0.36	0.27	0.25	0.26	0.21	0.10	0.39	0.37	0.39	0.44	0.42	0.41	0.33	0.51	0.45	0.47	0.48	0.54	0.59	0.49	0.57	0.61	0.60	0.66	0.76	0.88	0.84	0.99	1.12	1.08	1.04	1.30	1.17	1.19	1.14	0.93	1.02

Revenue & profit

Year-to-date · In mn (USD)

Revenue 425 mn Net income 57.1 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 998 mn Total liabilities 16.8 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 60.6 mn Investing -104 mn Financing -86.6 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 41.2% Operating margin 17.6% Net margin 13.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 18.5% ROA 13.0% Debt ratio 22.5%

EPS

Year-to-date · US$

EPS US$1.95

Revenue & profit

Annual · In mn (USD)

Revenue 903 mn Net income 142 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	263	—	334	365	378	394	402	434	425	426	505	566	704	827	903
Gross profit	89.8	—	117	131	136	151	156	162	164	168	205	220	276	329	382
Operating income	27.5	—	39.1	46.0	42.4	50.8	55.6	56.9	62.1	65.2	78.7	87.3	118	158	183
Net income	19.2	—	24.6	29.7	25.9	32.3	34.6	27.8	47.2	49.3	60.9	66.5	92.6	125	142

Balance sheet

Annual · In mn (USD)

Total assets 974 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	101	121	127	141	149	151	159	165	200	221	261	348	442	540	507
Total assets	219	290	316	341	355	350	392	393	422	468	531	603	717	816	974
Current liabilities	22.4	94.1	98.0	107	105	75.8	93.1	60.0	57.3	65.2	82.2	110	132	118	151
Equity	179	171	197	214	232	256	277	304	331	361	403	442	516	606	713

Cash flow

Annual · In mn (USD)

Operating 184 mn Investing -198 mn Financing -58.0 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	31.3	—	34.8	35.7	35.8	56.2	49.8	60.4	80.7	89.6	87.5	82.5	110	155	184
Investing	-9.29	—	-29.7	-33.2	-21.7	-12.4	-35.4	-16.7	-7.50	-38.2	-51.4	-5.89	-29.1	-15.8	-198
Financing	-20.0	—	-4.28	-2.74	-13.0	-44.5	-10.4	-42.1	-37.7	-27.8	-20.5	-24.6	-28.1	-35.1	-58.0
Cash at period end	—	—	—	—	—	—	11.2	13.1	48.9	72.3	87.2	—	—	—	—

Profitability

Annual · %

Gross margin 42.3% Operating margin 20.3% Net margin 15.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	34.2%	—	35.0%	36.0%	36.0%	38.2%	38.7%	37.4%	38.5%	39.5%	40.7%	38.9%	39.3%	39.8%	42.3%
Operating margin	10.5%	—	11.7%	12.6%	11.2%	12.9%	13.8%	13.1%	14.6%	15.3%	15.6%	15.4%	16.8%	19.1%	20.3%
Net margin	7.3%	—	7.4%	8.1%	6.9%	8.2%	8.6%	6.4%	11.1%	11.6%	12.1%	11.8%	13.2%	15.1%	15.7%

Returns & leverage

Annual · %

ROE 21.5% ROA 15.8%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	10.7%	—	13.4%	14.4%	11.6%	13.2%	13.0%	9.6%	14.9%	14.3%	15.9%	15.7%	19.3%	22.3%	21.5%
ROA	8.8%	—	8.1%	9.0%	7.5%	9.2%	9.3%	7.1%	11.6%	11.1%	12.2%	11.7%	14.0%	16.3%	15.8%

EPS

Annual · US$

EPS US$4.80

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	1.28	—	1.71	2.06	1.80	1.71	1.18	0.96	1.62	1.70	2.08	2.27	3.14	4.23	4.80

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read BADGER METER INC (BMI) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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