Filing Flows › Badger Meter (BMI) › Q1 2025
Badger Meter (BMI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 18, 2025
Badger Meter (BMI) reported revenue of $222M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +8% from the quarter before. Operating margin was 22.2%, net earnings $38.4M (17.3% of revenue).
Badger Meter, Q1 2025: revenue $222M (+13% year over year), operating margin 22.2%, net earnings $38.4M, operating cash flow $33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | +8% | +13% |
| Gross profit | $95.4M | +15% | +24% |
| Operating profit | $49.4M | +26% | +35% |
| Net earnings | $38.4M | +25% | +32% |
| Operating cash flow | $33.0M | -37% | +54% |
| Free cash flow | $30.1M | -37% | +60% |
What changed
Revenue was $222.2M in Q1 2025, up 13% year over year and up 8% from the previous quarter.
Gross margin was 42.9%, up 3.6 points from a year earlier. Operating profit was $49.4M, a 22.2% margin (up 3.6 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 19% margin then. Operating expenses grew 13% against revenue growth of 13%. Net earnings were $38.4M, up 32% year over year. The effective tax rate was 24.4%.
Operating cash flow was $33.0M (up 54% year over year), 86% of net earnings. Non-cash charges added back $2.8M of depreciation and $1.8M of share-based compensation. Working capital and other items used $10.0M. Capital expenditures of $3.0M left free cash flow of $30.1M.
Questions
What was Badger Meter's revenue in the first quarter 2025?
Badger Meter (BMI) reported revenue of $222M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +8% from the quarter before.
Was Badger Meter profitable in the first quarter 2025?
Operating profit was $49.4M (22.2% of revenue) and net earnings $38.4M.
Source: Badger Meter 10-Q on SEC EDGAR.