Badger Meter Inc (BMI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 121,966 | 87,717 | 78,623 | 64,981 | 61,607 |
| Revenue | US$ in thousands | 707,639 | 566,120 | 505,218 | 425,514 | 424,372 |
| Pretax margin | 17.24% | 15.49% | 15.56% | 15.27% | 14.52% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $121,966K ÷ $707,639K
= 17.24%
The pretax margin of Badger Meter Inc. has shown a consistent upward trend over the past five years, with the ratio increasing from 14.51% in 2019 to 17.33% in 2023. This indicates that the company has been effectively managing its expenses relative to its pre-tax income, leading to improved profitability. The stability and gradual improvement in the pretax margin suggest that Badger Meter Inc. is efficiently controlling its costs and generating healthy profits before taxes. This consistent performance may reflect strong operational efficiency and effective financial management practices within the company.
Peer comparison
Dec 31, 2023