Badger Meter Inc (BMI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 329,184 | 276,438 | 219,970 | 205,484 | 168,249 |
| Revenue | US$ in thousands | 826,558 | 703,592 | 565,568 | 505,198 | 425,544 |
| Gross profit margin | 39.83% | 39.29% | 38.89% | 40.67% | 39.54% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $329,184K ÷ $826,558K
= 39.83%
Based on the provided data, Badger Meter Inc's gross profit margin has shown some fluctuations over the last five years. The gross profit margin increased from 39.54% in December 31, 2020, to 40.67% in December 31, 2021, indicating an improvement in the company's ability to generate profits from its core operations.
However, in the subsequent years, the gross profit margin experienced a slight decline, dropping to 38.89% in December 31, 2022, before recovering to 39.29% in December 31, 2023, and further improving to 39.83% in December 31, 2024.
Overall, the trend in the gross profit margin suggests that Badger Meter Inc has been able to maintain a relatively stable level of profitability from its sales, with some fluctuations observed over the years. It is essential for the company to continue monitoring and managing its cost of goods sold to ensure the sustainability of its gross profit margin in the future.
Peer comparison
Dec 31, 2024