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Badger Meter, Inc.

NYSE•BMI
執行長: Mr. Kenneth C. Bockhorst
板塊: Technology
行業: Hardware, Equipment & Parts
上市日期: 1983-10-27
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software directly, as well as through resellers and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.
聯絡資訊
4545 West Brown Deer Road, P.O. Box 245036, Milwaukee, WI, 53224-9536, United States
414-355-0400
www.badgermeter.com
市值
$4.32B
本益比 (TTM)
29.9
58.4
股息率
1.1%
52周最高
$256.08
52周最低
$139.14
52周範圍
6%
排名19Top 5.6%
6.2
F-Score
改良版 Piotroski 分析
基於 10 年期基本面
強勁 • 6.2 / 9 分
評分區間 (0-9)
8-9: 價值優異
6-7: 基本面強勁
4-5: 整體穩健
0-3: 表現疲弱
資料區間: 2016-2025

財務儀表板

Q4 2025 數據

營業收入

$220.71M+7.57%
近4季度走勢

每股收益

$1.14+8.57%
近4季度走勢

自由現金流

$50.77M+7.11%
近4季度走勢

2025 Annual 財報亮點

核心亮點

Sales Growth Strong 2025 Net sales reached $916.7M, marking a 10.9% increase over the prior year driven by utility water solutions.
Operating Margin Expansion Noted Operating earnings reached $183.4M, improving margin to 20.0% of sales, up from 19.1% in 2024.
Diluted EPS Increased Significantly Diluted earnings per share grew to $4.79 in 2025, compared to $4.23 reported in the previous year.
SmartCover Acquisition Contributes SmartCover acquisition added $39.7M in revenue over eleven months in 2025, bolstering utility water segment.

關注風險

Raw Material Supply Chain Risks Reliance on single suppliers for castings and components risks higher material costs and short-term operational disruptions.
Economic Conditions Impact Demand Global economic downturns, rising interest rates, and government budget cuts could reduce demand for water utility products.
Technology Obsolescence Threat Inability to maintain competitive advantage against new standards or static metering adoption could adversely affect performance.
Warranty Costs May Increase Product warranty reserve increased to $21.6M in 2025; new technology may cause future claims to exceed estimates.

未來展望

SaaS Revenue Growth Focus Revenue from SaaS solutions, including BEACON, increased significantly and remains margin accretive for future growth.
R&D Investment Continues Research and development spending increased to $21.6M in 2025, supporting development of technologically advanced products.
Capital Expenditures Planned Capital expenditures for fiscal 2026 are expected to be in the $15.0M to $19.0M range depending on projects.
Share Repurchase Authorization $75.0M share repurchase authorization remains available through November 2028 to support capital allocation strategy.

同行對比

營業收入 (TTM)

ST stock ticker logoST
$3.71B
-5.8%
VNT stock ticker logoVNT
$3.08B
+3.2%
TTMI stock ticker logoTTMI
$2.91B
+19.0%

毛利率 (最新季度)

VICR stock ticker logoVICR
55.4%
+8.4pp
WEX stock ticker logoWEX
54.4%
-2.2pp
ACIW stock ticker logoACIW
53.0%
-2.6pp

關鍵指標

股票代碼
市值
本益比 (TTM)
股東權益報酬率 (TTM)
負債率
TTMI$9.37B52.710.6%29.1%
LFUS$8.19B-113.2-2.8%23.9%
VICR$7.77B64.018.7%1.6%

長期趨勢

近4季度
營業收入
淨利
營運現金流
4季度營業收入複合增長率
-0.2%
基本持平
4季度淨利複合增長率
-4.4%
盈利能力基本穩定
現金流穩定性
100%
現金流表現優異

深度研究

下次財報:2026年4月15日
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