Badger Meter Inc (BMI)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 276,438 | 261,938 | 246,737 | 232,063 | 219,970 | 217,840 | 211,502 | 206,844 | 205,483 | 194,703 | 188,542 | 174,290 | 168,250 | 165,320 | 161,967 | 166,393 | 163,528 | 162,554 | 164,830 | 166,058 |
| Revenue (ttm) | US$ in thousands | 706,241 | 671,125 | 631,849 | 592,988 | 565,654 | 554,078 | 534,685 | 519,723 | 505,169 | 481,750 | 466,659 | 434,884 | 425,526 | 420,753 | 415,700 | 428,070 | 424,345 | 421,202 | 422,957 | 433,148 |
| Gross profit margin | 39.14% | 39.03% | 39.05% | 39.13% | 38.89% | 39.32% | 39.56% | 39.80% | 40.68% | 40.42% | 40.40% | 40.08% | 39.54% | 39.29% | 38.96% | 38.87% | 38.54% | 38.59% | 38.97% | 38.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $276,438K ÷ $706,241K
= 39.14%
The gross profit margin of Badger Meter Inc. has remained relatively stable over the past eight quarters, ranging between 38.89% and 39.55%. In the most recent quarter, Q4 2023, the gross profit margin was 39.29%, showing a slight increase compared to the previous quarter. This indicates that the company has been able to effectively manage its cost of goods sold and maintain a consistent level of profitability from its core business operations. Overall, the stable gross profit margin suggests that Badger Meter Inc. has been able to maintain a healthy balance between revenue generation and cost management over the analyzed period.
Peer comparison
Dec 31, 2023