Badger Meter Inc (BMI)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 188,657 | 157,936 | 117,919 | 87,165 | 78,603 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 713,294 | 606,232 | 516,482 | 442,422 | 403,070 |
| Return on total capital | 26.45% | 26.05% | 22.83% | 19.70% | 19.50% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $188,657K ÷ ($—K + $713,294K)
= 26.45%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Badger Meter Inc
BMI
26.45%
ESCO Technologies Inc
ESE
11.06%
Keysight Technologies Inc
KEYS
19.57%
Teledyne Technologies Incorporated
TDY
11.04%