Company / R&D Expense
Badger Meter, Inc. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$21.6M
FY2025
5-year range
$11.6M / $21.6M
FY2021-FY2025
Trend
+12.5%
vs FY2024
Sector context
#246 of 264
Information Technology
What the data says
Among 264 Information Technology companies, Badger Meter, Inc. is in the bottom 7% for r&d expense. R&D Expense has increased for 3 consecutive years, from $12M in FY2022 to $22M in FY2025.
Based on SEC 10-K filings.
$22M in FY2025 with a 5-year CAGR of +13.2%.
Improved from $19M to $22M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +23.0%
- 5-Year CAGR
- +13.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 7% in Information TechnologyTop 93% of 264This company $21.6M Sector average $924.6M
▼
-97.7% below sector average
Key checks
Key Insights
- Badger Meter, Inc.'s r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +13.2%, indicating consistent growth.
- In FY2025, r&d expense increased 12.5% year-over-year.
- Ranks #246 out of 264 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 3.50 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $21.6M | +12.5% |
| FY2024 | $19.2M | +1.1% |
| FY2023 | $19.0M | +63.8% |
| FY2022 | $11.6M | -2.5% |
| FY2021 | $11.9M | +2.6% |
| FY2020 | $11.6M | +9.4% |
| FY2019 | $10.6M | +0.0% |
| FY2018 | $10.6M | +0.0% |
| FY2017 | $10.6M | +11.6% |
| FY2016 | $9.5M | -9.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026