Badger Meter Inc (BMI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 121,966 | 111,429 | 102,786 | 94,536 | 87,717 | 87,689 | 83,138 | 79,731 | 78,623 | 72,658 | 72,801 | 66,750 | 64,981 | 64,272 | 61,071 | 63,396 | 61,607 | 59,988 | 47,302 | 40,300 |
| 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 |
| Pretax margin | 17.27% | 16.60% | 16.27% | 15.94% | 15.51% | 15.83% | 15.55% | 15.34% | 15.56% | 15.08% | 15.60% | 15.35% | 15.27% | 15.28% | 14.69% | 14.81% | 14.52% | 14.24% | 11.18% | 9.30% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $121,966K ÷ $706,241K
= 17.27%
Badger Meter Inc.'s pretax margin has shown a gradual increase over the past four quarters, reflecting improving profitability trends. From Q1 2022 to Q4 2023, the pretax margin has consistently risen from 15.34% to 17.33%. This positive trend suggests that the company has been effectively managing its operating expenses and generating higher profits before taxes. A rising pretax margin indicates that Badger Meter Inc. has been able to increase its profitability relative to its total revenue, which is a positive signal for investors and stakeholders. The company's ability to maintain and improve its pretax margin over multiple quarters indicates sound financial management and operational efficiency.
Peer comparison
Dec 31, 2023