• Badger Meter average net profit margin for 2023 was 12.55%, a 5.73% increase from 2022.
• Badger Meter average net profit margin for 2022 was 11.87%, a 0.75% increase from 2021.
• Badger Meter average net profit margin for 2021 was 11.96%, a 4.45% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.