Badger Meter Inc cash flow statement
In fiscal 2025, Badger Meter Inc's operations generated $184m of cash; it spent $14.0m on capital projects, leaving free cash flow of $170m. It returned $43.5m in dividends and $15.0m through buybacks.
Cash flow statement
| 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 from operations | 37 | 18 | 31 | 35 | 35 | 36 | 36 | 56 | 50 | 60 | 81 | 90 | 88 | 82 | 110 | 155 | 184 | 159 |
| Depreciation and amortisation | 7 | 7 | 7 | 8 | 9 | 9 | 10 | 11 | 12 | 11 | 12 | 12 | 11 | 11 | 11 | 11 | 11 | 11 |
| Stock-based pay | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 1 | 1 | 2 | 3 | 5 | 6 | 9 | 11 |
| Capital spending | 8 | 9 | 5 | 8 | 14 | 12 | 20 | 11 | 15 | 9 | 7 | 9 | 7 | 6 | 12 | 13 | 14 | 16 |
| Free cash flow | 29 | 9 | 26 | 27 | 21 | 23 | 16 | 46 | 35 | 52 | 73 | 81 | 81 | 77 | 98 | 142 | 170 | 142 |
| Free cash flow after stock pay | 28 | 8 | 25 | 25 | 19 | 22 | 15 | 44 | 33 | 48 | 72 | 79 | 78 | 73 | 93 | 136 | 160 | 132 |
| Dividends paid | 7 | 8 | 9 | 10 | 10 | 11 | 11 | 12 | 14 | 16 | 19 | 20 | 22 | 25 | 29 | 36 | 44 | 48 |
| Share buybacks | — | 0 | 0 | 30 | 0 | 0 | 0 | 0 | 4 | 5 | 5 | 3 | 0 | 0 | 0 | 0 | 15 | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 52 | 33 | 45 | 51 | 55 | 34 | 27 | 43 |
| Depreciation and amortisation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Stock-based pay | 2 | 2 | 3 | 2 | 3 | 2 | 3 | 2 |
| Capital spending | 5 | 3 | 4 | 3 | 4 | 4 | 5 | 3 |
| Free cash flow | 47 | 30 | 41 | 48 | 51 | 29 | 22 | 40 |
| Free cash flow after stock pay | 46 | 28 | 38 | 46 | 48 | 27 | 19 | 38 |
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