BMI Stock Analysis: Badger Meter | NYSE
Scientific & Technical Instruments | NYSE, USA | Market Cap: 4.301m USD | 12M Return: -13.3% | US0565251081 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 73.6M
EPS Trend: 75.5%
Qual. Beats: 0
Rev. Trend: 89.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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, Inc. (NYSE: BMI) is a Milwaukee-based manufacturer of flow measurement, quality, control, and communication solutions, operating in two principal segments. The Utility segment supplies smart water meters, AMI endpoints, and software (including the BEACON cloud-hosted suite) to municipal water utilities, while the Flow Instrumentation segment sells meters, valves, and sensors to OEMs serving water/wastewater, HVAC, and industrial sustainability applications.
The product portfolio spans ORION cellular and mobile-read endpoints, water quality monitoring instruments, and high-frequency pressure and leak detection sensors, sold through a mix of direct employees, resellers, and manufacturers representatives. Founded in 1905, Badger Meter sits within the GICS Electronic Equipment & Instruments sub-industry, a category that increasingly intersects with the broader smart-city and water-utility digitization trend as utilities modernize aging infrastructure with connected metering and analytics software.
- Municipal smart meter deployments accelerate with IIJA funding
- BEACON SaaS and ORION cellular mix lifts margins
- Flow instrumentation orders soften on industrial slowdown
| Net Income: 126.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA -1.92 > 1.0 |
| NWC/Revenue: 24.92% < 20% (prev 37.86%; Δ -12.94% < -1%) |
| CFO/TA 0.17 > 3% & CFO 158.6m > Net Income 126.5m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 2.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.9m) vs 12m ago -2.41% < -2% |
| Gross Margin: 41.64% > 18% (prev 41.26%; Δ 0.37% > 0.5%) |
| Asset Turnover: 91.70% > 50% (prev 92.12%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.23 (Total Current Assets 367.9m - Total Current Liabilities 148.3m) / Total Assets 943.6m |
| B: 0.74 (Retained Earnings 702.9m / Total Assets 943.6m) |
| C: 0.18 (EBIT TTM 168.3m / Avg Total Assets 961.0m) |
| D: 2.23 (Book Value of Equity 651.1m / Total Liabilities 292.5m) |
| Altman-Z'' = 7.47 = AAA |
| DSRI: 0.99 (Receivables 111.8m/115.1m, Revenue 881.2m/901.1m) |
| GMI: 0.99 (GM 41.26% / 41.64%) |
| AQI: 1.26 (AQ_t 0.52 / AQ_t-1 0.41) |
| SGI: 0.98 (Revenue 881.2m / 901.1m) |
| TATA: -0.03 (NI 126.5m - CFO 158.6m) / TA 943.6m) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of November 06, 2026, the stock is trading at USD 159.55 with a total of 759,740 shares traded. Over the past week, the price has changed by +6.59%, over one month by +27.75%, over three months by +14.79% and over the past year by -13.32%.
Current recommended Stop Loss: 148.50 (which is 6.9% or 1.5 ATR below the current price).
Badger Meter has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy BMI.
- StrongBuy: 4
- Buy: 2
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 165.8 | 3.9% |
P/E Trailing = 34.2679
P/E Forward = 29.6736
P/S = 4.8807
P/B = 6.6634
P/EG = 3.4666
Revenue TTM = 881.2m USD
EBIT TTM = 168.3m USD
EBITDA TTM = 200.0m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 4.23b USD (4.30b + (null Debt) - CCE 67.9m)
Interest Coverage Ratio = unknown (Ebit TTM 168.3m / Interest Expense TTM 0.0)
EV/FCF = 29.75x (Enterprise Value 4.23b / FCF TTM 142.3m)
FCF Yield = 3.36% (FCF TTM 142.3m / Enterprise Value 4.23b)
FCF Margin = 16.15% (FCF TTM 142.3m / Revenue TTM 881.2m)
Net Margin = 14.36% (Net Income TTM 126.5m / Revenue TTM 881.2m)
Gross Margin = 41.64% ((Revenue TTM 881.2m - Cost of Revenue TTM 514.3m) / Revenue TTM)
Gross Margin QoQ = 41.90% (prev 40.83%)
Tobins Q-Ratio = 4.49 (Enterprise Value 4.23b / Total Assets 943.6m)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 24.98% (42.1m / 168.7m)
NOPAT = 126.3m (EBIT 168.3m * (1 - 24.98%))
Current Ratio = 2.48 (Total Current Assets 367.9m / Total Current Liabilities 148.3m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 200.0m)
Debt / FCF = unknown (Net Debt none / FCF TTM 142.3m)
Total Stockholder Equity = 684.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.17% (Net Income 126.5m / Total Assets 943.6m)
RoE = 18.49% (Net Income TTM 126.5m / Total Stockholder Equity 684.5m)
RoCE = 21.17% (EBIT 168.3m / Capital Employed (Total Assets 943.6m - Current Liab 148.3m))
RoIC = 16.81% (NOPAT 126.3m / Invested Capital 751.3m)
WACC = 8.08% (E(4.30b)/V(4.30b) * Re(8.08%) + (debt-free company))
Discount Rate = 8.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.93 | Cagr: -1.00%
[DCF] Terminal Value 73.20% ; FCFF base≈151.9m ; Y1≈133.9m ; Y5≈109.4m
[DCF] Fair Price = 60.50 (EV 1.75b - Net Debt 0.0 = Equity 1.75b / Shares 29.0m; r=8.35% [WACC [floored]]; 5y FCF grow -14.44% → 2.50% )
EPS Correlation: 75.50 | EPS CAGR: 11.28% | SUE: 0.20 | # QB: 0
Revenue Correlation: 89.23 | Revenue CAGR: 8.66% | SUE: -0.44 | # QB: 0
EPS current Quarter (2027-03-31): EPS=1.09 | Chg30d=+0.71% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=4.47 | Chg30d=-0.44% | Revisions=-70% | GrowthEPS=-6.7% | GrowthRev=-1.5%
EPS next Year (2027-12-31): EPS=4.99 | Chg30d=+0.38% | Revisions=+0% | GrowthEPS=+11.5% | GrowthRev=+8.1%
[Analyst] Revisions Ratio: -70% (up=0, down=7)