Badger Meter Inc balance sheet
At the end of fiscal 2025, Badger Meter Inc had total assets of $974m and shareholders' equity of $713m.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | — | — | 11 | 13 | 49 | 72 | 87 | — | — | — | — | — |
| Receivables | — | 40 | 41 | 46 | 50 | 54 | 57 | 60 | 58 | 66 | 61 | 62 | 66 | 77 | 84 | 84 | 112 | 112 |
| Inventory | — | 48 | 49 | 61 | 61 | 72 | 79 | 78 | 85 | 81 | 82 | 82 | 100 | 120 | 154 | 143 | 152 | 166 |
| Total current assets | — | 97 | 101 | 121 | 127 | 141 | 149 | 151 | 159 | 165 | 200 | 224 | 261 | 348 | 442 | 540 | 507 | 368 |
| Goodwill | — | 9 | 9 | 36 | 45 | 48 | 48 | 49 | 67 | 71 | 71 | 89 | 104 | 101 | 113 | 112 | 236 | 303 |
| Total assets | — | 216 | 219 | 290 | 316 | 341 | 355 | 350 | 392 | 393 | 422 | 471 | 531 | 603 | 717 | 816 | 974 | 944 |
| Accounts payable | — | 11 | 11 | 16 | 19 | 16 | 19 | 18 | 29 | 22 | 32 | 35 | 42 | 71 | 82 | 56 | 72 | 70 |
| Total current liabilities | — | 33 | 22 | 94 | 98 | 107 | 105 | 76 | 93 | 60 | 57 | 68 | 82 | 110 | 132 | 118 | 151 | 148 |
| Short-term debt | — | 13 | 2 | 67 | 70 | 76 | 71 | 38 | 45 | 18 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Total debt | 0 | 13 | 2 | 67 | 70 | 76 | 71 | 38 | 45 | 18 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Shareholders' equity | 144 | 168 | 179 | 171 | 197 | 214 | 232 | 256 | 277 | 304 | 331 | 361 | 403 | 442 | 516 | 606 | 713 | 651 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 84 | 112 | 118 | 115 | 112 | 110 | 121 | 112 |
| Inventory | 143 | 149 | 147 | 153 | 152 | 175 | 178 | 166 |
| Total current assets | 540 | 412 | 448 | 495 | 507 | 508 | 416 | 368 |
| Goodwill | 112 | 232 | 236 | 237 | 236 | 235 | 303 | 303 |
| Total assets | 816 | 900 | 936 | 978 | 974 | 971 | 998 | 944 |
| Accounts payable | 56 | 74 | 74 | 70 | 72 | 106 | 98 | 70 |
| Total current liabilities | 118 | 141 | 139 | 153 | 151 | 169 | 172 | 148 |
| Short-term debt | 0 | — | — | — | 0 | — | — | — |
| Total debt | 0 | — | — | — | 0 | — | — | — |
| Shareholders' equity | 606 | 642 | 678 | 703 | 713 | 690 | 683 | 651 |
| Shares outstanding | 37m | — | — | — | 37m | — | — | — |
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