Badger Meter vs Cognex
Badger Meter and Cognex are similar in size: $917m and $994m of revenue in their latest fiscal years. Badger Meter grew faster (10.9% against 8.7%). Badger Meter kept more of each dollar of sales as profit: a net margin of 15.5% against 11.5%.
| Latest fiscal year | Badger MeterBMI, 2025 | CognexCGNX, 2025 |
|---|---|---|
| Revenue | $917m | $994m |
| Revenue growth | 10.9% | 8.7% |
| Net income | $142m | $114m |
| Operating margin | — | 16.3% |
| Net margin | 15.5% | 11.5% |
| Return on equity | 21.5% | 7.6% |
| Free cash flow | $170m | $237m |
| Cash | — | $263m |
| Total debt | $0 | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | $1.48 | $0.33 |
| Dividend yield | 1.1% | 0.6% |
| Share buybacks | $15.0m | $151m |
| Employees | — | — |
| Market value | $4.41bn | $9.81bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 77 (Strong) | 83 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 42 sales |