Badger Meter
BMI
124.07
+0.34
+0.27%
Badger Meter
US · BMI
#2351 by market cap
Listed 1970
124.07
+0.34
+0.27%
Live - 5344 symbols - heartbeat 275s ago
· 2026-10-07 22:46
After-hours
124.07
0.00%
Overnight
125.00
+0.75%
- Market cap
- 3.60B
- P/E (TTM)i
- 29.06
- P/Bi
- 5.27
- EPSi
- 4.79
- Div yieldi
- 1.29%
- 52W posi
- 14%
Reader sentiment
Are you bullish or bearish on BMI?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 11.22, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +10.90% YoY
Margins
- Gross margin
- 41.68%
- Operating margin
- 20.01%
- Net margin
- 15.45%
Key ratios & quality
- PEG ratioi
- 1.01
- Altman Z-Scorei
- 11.22
PEG uses trailing P/E against the 3-year net income growth rate (28.66%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 433.73M | 424.63M | 425.54M | 505.20M | 565.57M | 703.59M | 826.56M | 916.66M |
| Gross profit | 162.35M | 163.53M | 168.25M | 205.48M | 219.97M | 276.44M | 329.18M | 382.07M |
| Selling & admin expenses | 105.48M | 101.38M | 103.09M | 126.76M | 132.68M | 158.39M | 171.25M | 198.65M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 56.87M | 62.15M | 65.16M | 78.72M | 87.30M | 118.05M | 157.94M | 183.42M |
| Pretax profit | 35.85M | 61.61M | 64.98M | 78.62M | 87.72M | 121.97M | 166.50M | 188.66M |
| Tax | 8.06M | 14.43M | 15.64M | 17.74M | 21.22M | 29.37M | 41.56M | 47.02M |
| Net profit | 27.79M | 47.18M | 49.34M | 60.88M | 66.50M | 92.60M | 124.94M | 141.63M |
| Basic EPS | 1 | 2 | 2 | 2 | 2 | 3 | 4 | 5 |
| Diluted EPS | 0.95 | 1.61 | 1.69 | 2.08 | 2.26 | 3.14 | 4.23 | 4.79 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 222.21M | 238.10M | 235.65M | 220.71M | 202.28M | 222.32M |
| Gross profit | 95.44M | 97.81M | 95.84M | 92.99M | 84.33M | 90.77M |
| Selling & admin expenses | 46.01M | 52.95M | 49.75M | 49.94M | 49.16M | 51.40M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 49.43M | 44.86M | 46.08M | 43.05M | 35.17M | 39.38M |
| Pretax profit | 50.79M | 45.79M | 47.44M | 44.64M | 36.34M | 39.72M |
| Tax | 12.39M | 11.20M | 12.37M | 11.07M | 9.00M | 10.00M |
| Net profit | 38.40M | 34.58M | 35.08M | 33.58M | 27.34M | 29.72M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 1.30 | 1.17 | 1.19 | 1.14 | 0.93 | 1.02 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 164.66M | 200.09M | 223.69M | 261.36M | 347.83M | 442.18M | 540.12M | 507.08M |
| Cash & ST investments | 13.09M | 48.87M | 72.27M | 87.17M | 138.05M | 191.78M | 295.31M | 226.02M |
| Inventory | 80.80M | 81.95M | 81.59M | 99.61M | 119.86M | 153.67M | 143.41M | 151.94M |
| Total assets | 392.69M | 421.89M | 471.22M | 530.82M | 603.05M | 716.92M | 816.41M | 973.58M |
| Total current liabilities | 60.02M | 57.25M | 68.04M | 82.15M | 110.31M | 131.95M | 118.21M | 150.72M |
| Short-term debt | 18.06M | 4.48M | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 89,188,000.00 | 90,825,000.00 | 109,958,000.00 | 127,748,000.00 | 160,625,000.00 | 200,437,000.00 | 210,181,000.00 | 260,283,000.00 |
| Total equity | 303.50M | 331.07M | 361.26M | 403.07M | 442.42M | 516.48M | 606.23M | 713.29M |
| Retained earnings | 257.31M | 285.88M | 314.85M | 353.54M | 395.16M | 458.72M | 547.80M | 645.88M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 411.58M | 448.28M | 494.59M | 507.08M | 508.30M | 416.21M |
| Cash & ST investments | 131.36M | 165.21M | 201.69M | 226.02M | 205.45M | 95.73M |
| Inventory | 149.41M | 147.26M | 152.63M | 151.94M | 175.19M | 178.09M |
| Total assets | 899.60M | 936.42M | 978.27M | 973.58M | 970.81M | 998.17M |
| Total current liabilities | 141.02M | 138.71M | 153.42M | 150.72M | 169.42M | 171.87M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 257,910,000.00 | 258,828,000.00 | 275,760,000.00 | 260,283,000.00 | 280,377,000.00 | 315,289,000.00 |
| Total equity | 641.69M | 677.59M | 702.51M | 713.29M | 690.43M | 682.88M |
| Retained earnings | 576.20M | 600.76M | 624.05M | 645.88M | 661.54M | 679.65M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 60.35M | 80.71M | 89.58M | 87.51M | 82.45M | 110.12M | 155.03M | 183.70M |
| Depreciation & amortization | 24.32M | 24.15M | 25.22M | 27.86M | 26.24M | 28.11M | 32.19M | 34.58M |
| Free cash flow | 51.71M | 73.22M | 80.52M | 80.76M | 76.56M | 98.11M | 142.22M | 169.67M |
| Dividends paid | -16.27M | -18.60M | -20.34M | -22.16M | -24.88M | -29.05M | -35.85M | -43.53M |
| Stock buybacks / issuance | -4.27M | -5.02M | -2.94M | -388.00K | -427.00K | 0 | 0 | -15.00M |
| Ending cash balance | 13.09M | 48.87M | 72.27M | 87.17M | 138.05M | 191.78M | 295.31M | 226.02M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 33.03M | 44.59M | 51.28M | 54.80M | 33.89M | 26.71M |
| Depreciation & amortization | 8.28M | 8.80M | 8.71M | 8.80M | 9.06M | 9.86M |
| Free cash flow | 30.06M | 40.65M | 48.20M | 50.77M | 29.47M | 21.87M |
| Dividends paid | -10.02M | -10.00M | -11.77M | -11.74M | -11.71M | -11.59M |
| Stock buybacks / issuance | 0 | 0 | -- | -- | -38.21M | -25.25M |
| Ending cash balance | 131.36M | 165.21M | 201.69M | 226.02M | 205.45M | 95.73M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 9.57 | 14.87 | 14.25 | 15.93 | 15.73 | 19.31 | 22.26 | 21.47 |
| ROA %i | 7.09 | 11.58 | 11.08 | 12.19 | 11.73 | 14.03 | 16.30 | 15.83 |
| ROIC %i | 8.64 | 14.36 | 14.25 | 15.93 | 15.73 | 18.67 | 21.11 | 20.88 |
| 5-year avg ROE %i | 12.36 | 12.45 | 12.97 | 13.52 | 14.07 | 16.02 | 17.50 | 18.94 |
| EBIT margin %i | 13.11 | 14.64 | 15.31 | 15.58 | 15.43 | 16.78 | 19.11 | 20.01 |
| FCF / sales %i | 11.92 | 17.24 | 18.92 | 15.99 | 13.54 | 13.94 | 17.21 | 18.51 |
| Current ratioi | 2.74 | 3.50 | 3.29 | 3.18 | 3.15 | 3.35 | 4.57 | 3.36 |
| Quick ratioi | 1.32 | 1.93 | 1.97 | 1.86 | 1.95 | 2.09 | 3.21 | 2.25 |
| Debt / assetsi | 4.60 | 1.06 | -- | -- | -- | -- | -- | -- |
| LT debt / equityi | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 4.72 | 2.55 | 1.88 | 5.22 | 10.03 | 18.25 | 17.83 | 17.46 |
| Net income CAGR (3Y) %i | 2.33 | 13.47 | 12.59 | 29.88 | 12.12 | 23.35 | 27.08 | 28.66 |
| FCF CAGR (3Y) %i | 47.65 | 17.11 | 32.41 | 16.03 | 1.50 | 6.81 | 20.76 | 30.38 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 22.80 | 21.88 | 21.45 | 21.47 | 19.60 | 18.48 |
| ROA %i | 16.34 | 15.80 | 15.58 | 15.83 | 13.96 | 13.00 |
| ROIC %i | 21.73 | 20.98 | 20.71 | 20.88 | 19.05 | 18.00 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 20.03 | 19.93 | 19.93 | 20.01 | 18.86 | 18.58 |
| FCF / sales %i | 18.01 | 18.32 | 18.45 | 18.51 | 18.85 | 17.06 |
| Current ratioi | 2.92 | 3.23 | 3.22 | 3.36 | 3.00 | 2.42 |
| Quick ratioi | 1.72 | 2.04 | 2.06 | 2.25 | 1.86 | 1.26 |
| Debt / assetsi | -- | -- | -- | -- | -- | -- |
| LT debt / equityi | -- | -- | -- | -- | -- | -- |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Innovator, manufacturer, developer, marketer and distributor of water management solutions100.00%
Quote time 2026-10-07 22:46:53 · For reference only, not investment advice and not tailored to your situation.