BMIBADGER METER INC
Totalizing Fluid Meters & Counting Devices
- Revenue
- $917M
- 11% YoY
- Operating margin
- 20.0%
- 4.7% YoY
- EBITDA
- $195M
- 15% YoY
- Market cap
- $5.5B
- Employees
- 108
- $8M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 4.5
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo130% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo32% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo32% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$8M · 99th pctBottom quartile of its SIC industry
- Quiet on AINo4.5 per 10K words · 80th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$5.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$1M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $505M | $566M | $704M | $827M | $917M | 11% |
| Operating income | $79M | $87M | $118M | $158M | $183M | 16% |
| Net income | $61M | $66M | $93M | $125M | $142M | 13% |
| Operating cash flow | $88M | $82M | $110M | $155M | $184M | 18% |
| Capex | $7M | $6M | $12M | $13M | $14M | 9.4% |
| Stock-based comp | $2M | $3M | $5M | $6M | $9M | 49% |
| Buybacks | $460K | $427K | $0 | $0 | $15M | |
| Dividends | $22M | $25M | $29M | $36M | $44M | 21% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2M · 8
- Open-market sells, 12 mo
- $596K · 4
- Net
- $1M
Pay vs performance
No pay-versus-performance disclosure yet.