Badger Meter Inc (BMI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 166,500 | 157,809 | 147,488 | 134,422 | 121,966 | 111,428 | 102,785 | 94,535 | 87,716 | 87,689 | 83,138 | 79,731 | 78,623 | 72,658 | 72,801 | 66,750 | 64,981 | 64,272 | 61,071 | 63,396 |
| 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 |
| Pretax margin | 20.14% | 19.63% | 18.87% | 18.15% | 17.33% | 16.67% | 16.31% | 15.96% | 15.51% | 15.83% | 15.55% | 15.34% | 15.56% | 15.08% | 15.60% | 15.35% | 15.27% | 15.27% | 14.69% | 14.80% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $166,500K ÷ $826,558K
= 20.14%
Badger Meter Inc's pretax margin has shown a consistent upward trend over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 14.80% in March 2020 and gradually increased to 20.14% by December 2024. This indicates that the company has been able to effectively control its operating expenses relative to its pre-tax income, resulting in higher profitability. The improvement in pretax margin over time suggests efficient cost management and possibly increasing revenue generation. Overall, the consistent growth in the pretax margin reflects positively on Badger Meter Inc's financial performance and operational efficiency during this period.
Peer comparison
Dec 31, 2024