Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 18.58% is in line with its 5-year average of 17.50%, around the middle of its 5-year range (14.25%–22.24%).
0.11% below its 12-month average of 18.60%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 17.71%.
OPERATING MARGIN
18.58%
OPERATING MARGIN AVG TTM
18.60%
OPERATING MARGIN AVG 3Y
18.68%
OPERATING MARGIN AVG 5Y
17.50%
OPERATING MARGIN AVG 10Y
15.96%
OPERATING MARGIN AVG 15Y
14.74%
OPERATING MARGIN AVG 20Y
14.70%
CURRENT VS TTM AVG
-0.11%
CURRENT VS 3Y AVG
-0.55%
CURRENT VS 5Y AVG
+6.20%
CURRENT VS 10Y AVG
+16.41%
CURRENT VS 15Y AVG
+26.04%
CURRENT VS 20Y AVG
+26.36%
SECTOR MEDIAN · INDUSTRIALS
11.23%
median of 164 covered companies
CURRENT VS SECTOR MEDIAN
+65.52%
vs the sector median at left
Badger Meter, Inc.
Market Cap
$3.75B
Operating Margin
18.58%
TTM Avg
18.60%
3Y Avg
18.68%
5Y Avg
17.50%
Market Cap
$3.87B
Operating Margin
-154.25%
TTM Avg
-249.40%
3Y Avg
-245.85%
5Y Avg
-245.85%
Market Cap
$3.91B
Operating Margin
5.28%
TTM Avg
4.65%
3Y Avg
5.85%
5Y Avg
6.52%
Market Cap
$3.58B
Operating Margin
22.59%
TTM Avg
26.76%
3Y Avg
28.25%
5Y Avg
15.53%
Market Cap
$3.38B
Operating Margin
10.28%
TTM Avg
9.96%
3Y Avg
8.70%
5Y Avg
7.61%
Market Cap
$4.28B
Operating Margin
2.99%
TTM Avg
5.22%
3Y Avg
4.83%
5Y Avg
4.81%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Badger Meter, Inc. (BMI) | $3.75B | 18.58% | 18.60% | 18.68% | 17.50% |
| Firefly Aerospace Inc. (FLY)vs › | $3.87B | -154.25% | -249.40% | -245.85% | -245.85% |
| SiteOne Landscape Supply, Inc. (SITE)vs › | $3.91B | 5.28% | 4.65% | 5.85% | 6.52% |
| Teekay Tankers Ltd. (TNK)vs › | $3.58B | 22.59% | 26.76% | 28.25% | 15.53% |
| Bright Horizons Family Solutions Inc. (BFAM)vs › | $3.38B | 10.28% | 9.96% | 8.70% | 7.61% |
| Exponent, Inc. (EXPO)vs › | $3.28B | 20.17% | 20.99% | 20.91% | 22.71% |
| Primoris Services Corporation (PRIM)vs › | $4.28B | 2.99% | 5.22% | 4.83% | 4.81% |
| KBR, Inc. (KBR)vs › | $4.29B | 8.93% | 7.93% | 7.43% | 6.13% |
| Atkore Inc. (ATKR)vs › | $3.20B | 4.64% | 13.92% | 21.22% | 20.91% |
| CECO Environmental Corp. (CECO)vs › | $4.36B | 1.14% | 6.51% | 6.15% | 5.31% |
Gross Margin
41.3%
Operating Margin
18.6%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 17.71% |
| 2026-03-31 | 17.39% |
| 2025-12-31 | 19.51% |
| 2025-09-30 | 19.56% |
| 2025-06-30 | 18.84% |
| 2025-03-31 | 22.24% |
| 2024-12-31 | 19.12% |
| 2024-09-30 | 19.49% |
| 2024-06-30 | 19.16% |
| 2024-03-31 | 18.64% |
| 2023-12-31 | 17.58% |
| 2023-09-30 | 16.88% |
| 2023-06-30 | 16.78% |
| 2023-03-31 | 15.74% |
| 2022-12-31 | 15.25% |
| 2022-09-30 | 16.13% |
| 2022-06-30 | 16.03% |
| 2022-03-31 | 14.25% |
| 2021-12-31 | 16.84% |
| 2021-09-30 | 15.10% |
| 2021-06-30 | 15.20% |
| 2021-03-31 | 15.06% |
| 2020-12-31 | 15.10% |
| 2020-09-30 | 17.18% |
| 2020-06-30 | 13.90% |
| 2020-03-31 | 14.76% |
| 2019-12-31 | 15.19% |
| 2019-09-30 | 15.14% |
| 2019-06-30 | 14.52% |
| 2019-03-31 | 13.66% |
| 2018-12-31 | 14.18% |
| 2018-09-30 | 14.22% |
| 2018-06-30 | 14.39% |
| 2018-03-31 | 9.50% |
| 2017-12-31 | 13.61% |
| 2017-09-30 | 12.41% |
| 2017-06-30 | 15.93% |
| 2017-03-31 | 13.26% |
| 2016-12-31 | 9.77% |
| 2016-09-30 | 14.48% |
| 2016-06-30 | 14.37% |
| 2016-03-31 | 12.73% |
| 2015-12-31 | 9.93% |
| 2015-09-30 | 13.71% |
| 2015-06-30 | 12.32% |
| 2015-03-31 | 8.43% |
| 2014-12-31 | 9.13% |
| 2014-09-30 | 16.60% |
| 2014-06-30 | 14.87% |
| 2014-03-31 | 9.21% |
| 2013-12-31 | 12.77% |
| 2013-09-30 | 14.92% |
| 2013-06-30 | 11.50% |
| 2013-03-31 | 6.58% |
| 2012-12-31 | 11.86% |
| 2012-09-30 | 16.20% |
| 2012-06-30 | 13.85% |
| 2012-03-31 | 13.36% |
| 2011-12-31 | 3.34% |
| 2011-09-30 | 11.46% |
| 2011-06-30 | 16.34% |
| 2011-03-31 | 9.13% |
| 2010-12-31 | 14.90% |
| 2010-09-30 | 17.75% |
| 2010-06-30 | 17.47% |
| 2010-03-31 | 14.15% |
| 2009-12-31 | 13.20% |
| 2009-09-30 | 17.54% |
| 2009-06-30 | 18.68% |
| 2009-03-31 | 17.56% |
| 2008-12-31 | 14.92% |
| 2008-09-30 | 13.35% |
| 2008-06-30 | 15.74% |
| 2008-03-31 | 14.42% |
| 2007-12-31 | 12.53% |
| 2007-09-30 | 15.55% |
| 2007-06-30 | 15.14% |
| 2007-03-31 | 8.11% |
| 2006-12-31 | 26.47% |
| 2006-09-30 | 3.08% |
| 2006-06-30 | 12.33% |
| 2006-03-31 | 12.59% |
| 2005-12-31 | 7.73% |
| 2005-09-30 | 11.70% |
| 2005-06-30 | 13.15% |
| 2005-03-31 | 11.28% |
| 2004-12-31 | 7.53% |
| 2004-09-30 | 12.34% |
| 2004-06-30 | 10.02% |
| 2004-03-31 | 9.27% |
| 2003-12-31 | 8.75% |
| 2003-09-30 | 9.83% |
| 2003-06-30 | 7.21% |
| 2003-03-31 | 4.22% |
| 2002-12-31 | 4.47% |
| 2002-09-30 | 10.00% |
