Badger Meter Inc (BMI)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 124,942 | 118,946 | 112,877 | 102,314 | 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 |
| Total stockholders’ equity | US$ in thousands | 816,413 | 591,185 | 563,138 | 535,567 | 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 |
| ROE | 15.30% | 20.12% | 20.04% | 19.10% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $124,942K ÷ $816,413K
= 15.30%
Badger Meter Inc's return on equity (ROE) has shown a gradual improvement over the past few years, starting at 14.36% in March 2020 and increasing to 20.04% by June 2024. The company's ROE peaked at 20.12% in September 2024 before decreasing slightly to 15.30% in December 2024.
Overall, the trend in Badger Meter Inc's ROE indicates that the company has been effectively utilizing its equity to generate profits for shareholders. However, the slight decrease in ROE towards the end of the period may warrant further examination to understand the factors contributing to the change.
Peer comparison
Dec 31, 2024