Badger Meter Inc (BMI)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 92,598 | 85,416 | 77,380 | 71,551 | 66,496 | 66,233 | 64,155 | 61,463 | 60,884 | 56,702 | 55,708 | 51,270 | 49,343 | 48,523 | 46,383 | 48,207 | 47,177 | 46,142 | 36,272 | 31,068 |
| Total stockholders’ equity | US$ in thousands | 516,482 | 492,706 | 475,592 | 458,037 | 442,422 | 422,859 | 416,183 | 409,881 | 403,070 | 391,824 | 381,847 | 369,849 | 361,259 | 351,543 | 341,143 | 335,721 | 331,068 | 323,639 | 316,452 | 308,613 |
| ROE | 17.93% | 17.34% | 16.27% | 15.62% | 15.03% | 15.66% | 15.42% | 15.00% | 15.11% | 14.47% | 14.59% | 13.86% | 13.66% | 13.80% | 13.60% | 14.36% | 14.25% | 14.26% | 11.46% | 10.07% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $92,598K ÷ $516,482K
= 17.93%
Badger Meter Inc.'s return on equity (ROE) has been relatively stable and positive over the past eight quarters, ranging from 15.00% to 17.93%. The company's ability to generate a consistent ROE above 15% indicates efficient utilization of shareholder equity to generate profits.
The upward trend in ROE over the quarters reflects the company's improving profitability and effective management of its financial resources. The ROE increase from 15.00% in Q1 2022 to 17.93% in Q4 2023 suggests a positive trajectory in the company's financial performance.
Overall, Badger Meter Inc.'s ROE performance indicates that the company is delivering value to its shareholders by generating solid returns on their investments. However, it is essential to continue monitoring the trend to ensure sustained success in the future.
Peer comparison
Dec 31, 2023