BMI Stock Analysis: Badger Meter | NYSE
Scientific & Technical Instruments | NYSE, USA | Market Cap: 4.257m USD | 12M Return: -38.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 68.0M
EPS Trend: 93.3%
Qual. Beats: -1
Rev. Trend: 97.0%
Qual. Beats: -2
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Badger Meter (BMI) is a U.S.-based manufacturer of flow measurement, quality, control, and communication solutions sold worldwide. The company operates two main segments: Utility, which supplies smart water metering hardware and software to municipal water utilities (including the BEACON cloud-hosted analytics suite, ORION cellular and mobile read endpoints, and pressure/leak detection sensors), and Flow Instrumentation, which provides meters, valves, and other sensors sold primarily to original equipment manufacturers for measuring water, air, steam, and other fluids.
End markets span water/wastewater utilities, HVAC, industrial, and corporate sustainability applications, with products and software distributed through direct employees, resellers, and manufacturers representatives. The company also provides training, project management, and technical support services. Badger Meter was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.
The company is classified in the Information Technology sector under Electronic Equipment & Instruments, an industry grouping that supplies sensing, metering, and control devices to industrial and utility customers. Badger Meters core utility business sits within the broader Advanced Metering Infrastructure (AMI) market, in which water utilities deploy connected endpoints to automate meter reads, monitor network pressure, and identify leaks.
- Smart water meter shipments grow on municipal AMI mandates
- BEACON software subscriptions lift recurring revenue and margins
- IIJA water funding and lead pipe laws boost utility demand
| Net Income: 130.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 0.35 > 1.0 |
| NWC/Revenue: 37.79% < 20% (prev 31.74%; Δ 6.05% < -1%) |
| CFO/TA 0.19 > 3% & CFO 184.6m > Net Income 130.6m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 3.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (29.4m) vs 12m ago -0.68% < -2% |
| Gross Margin: 41.37% > 18% (prev 40.76%; Δ 0.61% > 0.5%) |
| Asset Turnover: 95.89% > 50% (prev 94.76%; Δ 1.12% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.35 (Total Current Assets 508.3m - Total Current Liabilities 169.4m) / Total Assets 970.8m |
| B: 0.68 (Retained Earnings 661.5m / Total Assets 970.8m) |
| C: 0.19 (EBIT TTM 174.2m / Avg Total Assets 935.2m) |
| D: 2.46 (Book Value of Equity 690.4m / Total Liabilities 280.4m) |
| Altman-Z'' = 8.35 = AAA |
| DSRI: 0.94 (Receivables 110.3m/111.9m, Revenue 896.7m/852.5m) |
| GMI: 0.99 (GM 40.76% / 41.37%) |
| AQI: 0.86 (AQ_t 0.39 / AQ_t-1 0.46) |
| SGI: 1.05 (Revenue 896.7m / 852.5m) |
| TATA: -0.06 (NI 130.6m - CFO 184.6m) / TA 970.8m) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at USD 144.45 with a total of 262,254 shares traded. Over the past week, the price has changed by -2.65%, over one month by +10.83%, over three months by -6.05% and over the past year by -38.66%.
Current recommended Stop Loss: 137.50 (which is 4.8% or 1.3 ATR below the current price).
Badger Meter has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold BMI.
- StrongBuy: 2
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 153.2 | 6.1% |
P/E Trailing = 33.0023
P/E Forward = 31.25
P/S = 4.7476
P/B = 6.1661
P/EG = 3.6451
Revenue TTM = 896.7m USD
EBIT TTM = 174.2m USD
EBITDA TTM = 203.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 4.05b USD (4.26b + (null Debt) - CCE 205.5m)
Interest Coverage Ratio = unknown (Ebit TTM 174.2m / Interest Expense TTM 0.0)
EV/FCF = 23.96x (Enterprise Value 4.05b / FCF TTM 169.1m)
FCF Yield = 4.17% (FCF TTM 169.1m / Enterprise Value 4.05b)
FCF Margin = 18.85% (FCF TTM 169.1m / Revenue TTM 896.7m)
Net Margin = 14.56% (Net Income TTM 130.6m / Revenue TTM 896.7m)
Gross Margin = 41.37% ((Revenue TTM 896.7m - Cost of Revenue TTM 525.8m) / Revenue TTM)
Gross Margin QoQ = 41.69% (prev 42.13%)
Tobins Q-Ratio = 4.17 (Enterprise Value 4.05b / Total Assets 970.8m)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.05% (43.6m / 174.2m)
NOPAT = 130.6m (EBIT 174.2m * (1 - 25.05%))
Current Ratio = 3.00 (Total Current Assets 508.3m / Total Current Liabilities 169.4m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 203.3m)
Debt / FCF = unknown (Net Debt none / FCF TTM 169.1m)
Total Stockholder Equity = 696.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.96% (Net Income 130.6m / Total Assets 970.8m)
RoE = 18.76% (Net Income TTM 130.6m / Total Stockholder Equity 696.0m)
RoCE = 21.74% (EBIT 174.2m / Capital Employed (Total Assets 970.8m - Current Liab 169.4m))
RoIC = 17.26% (NOPAT 130.6m / Invested Capital 756.6m)
WACC = 9.25% (E(4.26b)/V(4.26b) * Re(9.25%) + (debt-free company))
Discount Rate = 9.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 22.77 | Cagr: 0.0%
[DCF] Terminal Value 73.69% ; FCFF base≈162.8m ; Y1≈177.2m ; Y5≈220.6m
[DCF] Fair Price = 100.1 (EV 2.92b - Net Debt 0.0 = Equity 2.92b / Shares 29.2m; r=9.25% [WACC]; 5y FCF grow 10.15% → 2.50% )
EPS Correlation: 93.33 | EPS CAGR: 23.43% | SUE: -2.44 | # QB: -1
Revenue Correlation: 97.00 | Revenue CAGR: 14.32% | SUE: -3.56 | # QB: -2
EPS current Quarter (2026-06-30): EPS=1.03 | Chg30d=-0.01% | Revisions=+25% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.29 | Chg30d=+0.00% | Revisions=-25% | Analysts=7
EPS current Year (2026-12-31): EPS=4.65 | Chg30d=-0.01% | Revisions=+0% | GrowthEPS=-3.0% | GrowthRev=+0.4%
EPS next Year (2027-12-31): EPS=5.22 | Chg30d=-0.01% | Revisions=+0% | GrowthEPS=+12.4% | GrowthRev=+8.3%
[Analyst] Revisions Ratio: +0% (up=3, down=3)