• Badger Meter average pre-tax profit margin for 2023 was 16.63%, a 6.67% increase from 2022.
• Badger Meter average pre-tax profit margin for 2022 was 15.59%, a 0.19% increase from 2021.
• Badger Meter average pre-tax profit margin for 2021 was 15.56%, a 3.46% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.