Badger Meter Inc (BMI)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 329,184 | 317,889 | 306,734 | 290,800 | 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 |
| Revenue (ttm) | US$ in thousands | 826,558 | 803,816 | 781,571 | 740,771 | 703,592 | 668,476 | 630,292 | 592,267 | 565,568 | 553,992 | 534,721 | 519,757 | 505,197 | 481,778 | 466,627 | 434,877 | 425,543 | 420,770 | 415,829 | 428,252 |
| Gross profit margin | 39.83% | 39.55% | 39.25% | 39.26% | 39.29% | 39.18% | 39.15% | 39.18% | 38.89% | 39.32% | 39.55% | 39.80% | 40.67% | 40.41% | 40.41% | 40.08% | 39.54% | 39.29% | 38.95% | 38.85% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $329,184K ÷ $826,558K
= 39.83%
The gross profit margin for Badger Meter Inc has shown fluctuations over the past few years, ranging from a low of 38.85% as of March 31, 2020, to a high of 40.67% as of December 31, 2021. Generally, the trend has been an increase in the gross profit margin, indicating that the company has been able to effectively control its production costs and generate higher revenues from its core operations. However, there was a slight dip in the gross profit margin to 38.89% as of December 31, 2022, followed by some fluctuation in subsequent periods.
Overall, the gross profit margin for Badger Meter Inc hovers around the high 30% to low 40% range, suggesting that the company has maintained a healthy level of profitability relative to its revenues. It would be beneficial for stakeholders to assess the underlying reasons for the fluctuations in the gross profit margin to evaluate the company's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2024