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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

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Badger Meter Inc: cash flow statement, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations3718313535363656506081908882110155184159
Depreciation and amortisation777899101112111212111111111111
Stock-based pay1111112224112356911
Capital spending895814122011159797612131416
Free cash flow29926272123164635527381817798142170142
Free cash flow after stock pay28825251922154433487279787393136160132
Dividends paid789101011111214161920222529364448
Share buybacks—003000004553000015—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Badger Meter Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Badger Meter Inc.