BADGER METER, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 38.2% | 13.4% | 8.2% |
| FY2017 | 38.7% | 14.1% | 8.6% |
| FY2018 | 37.4% | 13.1% | 6.4% |
| FY2019 | 38.5% | 14.6% | 11.1% |
| FY2020 | 39.5% | 15.3% | 11.6% |
| FY2021 | 40.7% | 15.6% | 12.1% |
| FY2022 | 38.9% | 15.4% | 11.8% |
| FY2023 | 39.3% | 16.8% | 13.2% |
| FY2024 | 39.8% | 19.1% | 15.1% |
| FY2025 | 41.7% | 20.0% | 15.5% |