Badger Meter Q4 sales rise 8% to $220.7 million; diluted EPS up 10% to $1.14
Badger Meter reported fourth-quarter 2025 sales of $220.7 million, up 8% from a year earlier, and diluted earnings per share of $1.14, up from $1.04. For full year 2025, sales reached a record $916.7 million, up 11%, and diluted EPS was $4.79, up 13%, with the SmartCover acquisition contributing to growth. Management said Base revenue growth is expected to stay below its five-year outlook through the first half of 2026.
Key points
- Q4 2025 operating earnings were $43.0 million, up 10%, with an operating margin of 19.5%.
- Full year 2025 operating earnings rose 16% to $183.4 million; cash provided by operations was $183.7 million.
- Management expects Base revenue growth to remain lower than its five-year outlook until several awarded projects begin in the first half of 2026 ending.
- The Puerto Rico Aqueduct and Sewer Authority selected Badger Meter's cellular AMI solution for a project covering 1.6 million service connections.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.