• Badger Meter average return on equity for 2023 was 17.7, a 12.38% increase from 2022.
• Badger Meter average return on equity for 2022 was 15.75, a 3.55% increase from 2021.
• Badger Meter average return on equity for 2021 was 15.21, a 5.63% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.