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Badger Meter (BMI) Operating Expenses (2016 - 2025)

Badger Meter (BMI) has disclosed Operating Expenses for 14 consecutive years, with $49.9 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 14.7% to $49.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $198.6 million, a 16.0% increase, with the full-year FY2025 number at $198.6 million, up 16.0% from a year prior.
  • Operating Expenses was $49.9 million for Q4 2025 at Badger Meter, roughly flat from $49.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $52.9 million in Q2 2025 to a low of $31.4 million in Q2 2021.
  • A 5-year average of $39.4 million and a median of $39.7 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 35.54% in 2021, then grew 0.78% in 2022.
  • Badger Meter's Operating Expenses stood at $32.0 million in 2021, then rose by 7.87% to $34.5 million in 2022, then increased by 14.19% to $39.4 million in 2023, then increased by 10.54% to $43.5 million in 2024, then grew by 14.7% to $49.9 million in 2025.
  • Per Business Quant, the three most recent readings for BMI's Operating Expenses are $49.9 million (Q4 2025), $49.8 million (Q3 2025), and $52.9 million (Q2 2025).