Badger Meter (BMI) Balance Sheet: Assets & Liabilities

Badger Meter (BMI) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Badger Meter reported total assets of $973.58M and total liabilities of $260.28M. Shareholders' equity was $713.29M, up 17.7% from $606.23M a year earlier. Total debt stood at $0.00 against $226.02M in cash and short-term investments, a net cash position of $226.02M. That puts debt-to-equity at 0.00, compared with 0.00 a year earlier.

Badger Meter Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Badger Meter, Inc. (BMI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	226.02	295.31	191.78	138.05	87.17	72.27	48.87	13.09	11.16
Cash & Short-Term Investments	226.02	295.31	191.78	138.05	87.17	72.27	48.87	13.09	11.16
Accounts Receivable	112.36	84.33	83.51	76.65	65.87	61.69	61.37	66.30	58.21
Inventory	151.94	143.41	153.67	119.86	99.61	81.59	81.95	80.80	85.17
Other Current Assets	16.77	17.08	13.21	13.27	8.71	8.14	7.91	8.94	8.15
Total Current Assets	507.08	540.12	442.18	347.83	261.36	223.69	200.09	164.66	158.62
Non-Current Assets
Property, Plant & Equipment (Net)	79.64	74.26	73.88	73.54	78.05	82.71	85.76	90.32	93.60
Goodwill	235.58	111.77	113.16	101.26	104.31	88.71	71.26	71.26	67.42
Intangible Assets	122.20	48.87	57.44	58.41	69.78	59.60	53.86	60.62	65.33
Other Non-Current Assets	14.95	8.88	33.96	26.81	9.79	11.43	10.18	3.67	3.90
Total Non-Current Assets	466.50	276.30	274.74	255.22	269.46	247.53	221.80	228.03	233.10
Total Assets	973.58	816.41	716.92	603.05	530.82	471.22	421.89	392.69	391.73
Current Liabilities
Accounts Payable	72.30	55.66	81.81	71.44	41.86	34.92	31.52	22.47	28.60
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	4.48	18.06	44.55
Accrued Liabilities	37.62	34.91	29.87	20.51	20.64	-	-	-	-
Deferred Revenue	0.00	14.12	10.21	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	78.42	20.35	20.27	18.36	6.78	33.11	21.24	17.97	18.88
Total Current Liabilities	150.72	118.21	131.95	110.31	82.15	68.04	57.25	60.02	93.11
Non-Current Liabilities
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	3.48	3.65	5.06	4.65	5.39	5.70	0.88	3.33	3.43
Other Non-Current Liabilities	106.09	14.21	68.49	50.31	29.80	36.23	32.70	25.84	17.73
Total Non-Current Liabilities	109.57	91.98	68.49	50.31	45.60	41.92	33.58	29.17	21.17
Total Liabilities	260.28	210.18	200.44	160.63	127.75	109.96	90.83	89.19	114.28
Stockholders' Equity
Common Stock	37.22	37.22	37.22	37.22	37.22	37.22	37.20	37.20	37.17
Retained Earnings	645.88	547.80	458.72	395.16	353.54	314.85	285.88	257.31	244.22
Accumulated Other Comprehensive Income	0.00	-7.91	-1.65	-5.98	0.14	1.31	0.43	0.58	-10.89
Treasury Stock	51.57	36.70	37.00	37.25	37.05	-	-	-	-
Additional Paid-in Capital	713.29	65.82	22.19	16.03	49.22	7.88	7.56	8.41	6.96
Shares Outstanding	29.39	29.41	29.35	29.29	29.25	-	-	-	-
Total Stockholders' Equity	713.29	606.23	516.48	442.42	403.07	361.26	331.07	303.50	277.45
Total Liabilities & Equity	973.58	816.41	716.92	603.05	530.82	471.22	421.89	392.69	391.73

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Badger Meter Balance Sheet

How much debt does Badger Meter have?

Badger Meter had total debt of $0.00 as of Dec 31, 2025, against $226.02M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $0.00 a year earlier.

What are Badger Meter's total assets?

Badger Meter reported total assets of $973.58M as of Dec 31, 2025, up 19.3% from $816.41M a year earlier. Total liabilities were $260.28M.

What is Badger Meter's shareholders' equity?

Badger Meter's shareholders' equity was $713.29M as of Dec 31, 2025, or about $24.27 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition