Badger Meter Inc (BMI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 92,598 | 66,496 | 60,884 | 49,343 | 47,177 |
| Revenue | US$ in thousands | 707,639 | 566,120 | 505,218 | 425,514 | 424,372 |
| Net profit margin | 13.09% | 11.75% | 12.05% | 11.60% | 11.12% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $92,598K ÷ $707,639K
= 13.09%
The net profit margin of Badger Meter Inc. has shown a generally positive trend over the past five years, indicating the company's ability to efficiently generate profits from its operations. The net profit margin increased from 11.11% in 2019 to 13.16% in 2023, reflecting an improvement in profitability.
The company has managed to maintain relatively stable net profit margins above 11% during this period, suggesting consistent management of expenses and effective revenue generation strategies. This trend indicates that Badger Meter Inc. has been successful in controlling costs while efficiently utilizing its resources to generate earnings.
Overall, the increasing trend in net profit margin demonstrates the company's ability to effectively manage its operations and expenses, ultimately translating into higher profitability for its shareholders.
Peer comparison
Dec 31, 2023