BMI Stock Analysis: Badger Meter | NYSE
Scientific & Technical Instruments | NYSE, USA | Market Cap: 3.652m USD | 12M Return: -30.8% | US0565251081 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 49.1M
EPS Trend: 85.6%
Qual. Beats: 0
Rev. Trend: 93.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
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: 125.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA -2.05 > 1.0 |
| NWC/Revenue: 27.74% < 20% (prev 35.42%; Δ -7.69% < -1%) |
| CFO/TA 0.17 > 3% & CFO 166.6m > Net Income 125.7m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (29.1m) vs 12m ago -1.47% < -2% |
| Gross Margin: 41.31% > 18% (prev 41.18%; Δ 0.13% > 0.5%) |
| Asset Turnover: 91.07% > 50% (prev 93.33%; Δ -2.25% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.24 (Total Current Assets 416.2m - Total Current Liabilities 171.9m) / Total Assets 998.2m |
| B: 0.68 (Retained Earnings 679.7m / Total Assets 998.2m) |
| C: 0.17 (EBIT TTM 167.8m / Avg Total Assets 967.3m) |
| D: 2.17 (Book Value of Equity 683.1m / Total Liabilities 315.3m) |
| Altman-Z'' = 7.27 = AAA |
| DSRI: 1.02 (Receivables 121.2m/117.7m, Revenue 881.0m/873.9m) |
| GMI: 1.00 (GM 41.18% / 41.31%) |
| AQI: 1.14 (AQ_t 0.50 / AQ_t-1 0.44) |
| SGI: 1.01 (Revenue 881.0m / 873.9m) |
| TATA: -0.04 (NI 125.7m - CFO 166.6m) / TA 998.2m) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of October 07, 2026, the stock is trading at USD 123.73 with a total of 344,793 shares traded. Over the past week, the price has changed by -1.79%, over one month by -3.81%, over three months by -17.13% and over the past year by -30.83%.
Current recommended Stop Loss: 118.40 (which is 4.3% 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 | 156.7 | 26.6% |
P/E Trailing = 29.5059
P/E Forward = 26.178
P/S = 4.1456
P/B = 5.6142
P/EG = 3.0632
Revenue TTM = 881.0m USD
EBIT TTM = 167.8m USD
EBITDA TTM = 198.0m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 3.56b USD (3.65b + (null Debt) - CCE 95.7m)
Interest Coverage Ratio = unknown (Ebit TTM 167.8m / Interest Expense TTM 0.0)
EV/FCF = 23.68x (Enterprise Value 3.56b / FCF TTM 150.2m)
FCF Yield = 4.22% (FCF TTM 150.2m / Enterprise Value 3.56b)
FCF Margin = 17.05% (FCF TTM 150.2m / Revenue TTM 881.0m)
Net Margin = 14.27% (Net Income TTM 125.7m / Revenue TTM 881.0m)
Gross Margin = 41.31% ((Revenue TTM 881.0m - Cost of Revenue TTM 517.0m) / Revenue TTM)
Gross Margin QoQ = 40.83% (prev 41.69%)
Tobins Q-Ratio = 3.56 (Enterprise Value 3.56b / Total Assets 998.2m)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.24% (42.4m / 168.1m)
NOPAT = 125.5m (EBIT 167.8m * (1 - 25.24%))
Current Ratio = 2.42 (Total Current Assets 416.2m / Total Current Liabilities 171.9m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 198.0m)
Debt / FCF = unknown (Net Debt none / FCF TTM 150.2m)
Total Stockholder Equity = 697.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.00% (Net Income 125.7m / Total Assets 998.2m)
RoE = 18.03% (Net Income TTM 125.7m / Total Stockholder Equity 697.3m)
RoCE = 20.31% (EBIT 167.8m / Capital Employed (Total Assets 998.2m - Current Liab 171.9m))
RoIC = 16.04% (NOPAT 125.5m / Invested Capital 782.2m)
WACC = 9.01% (E(3.65b)/V(3.65b) * Re(9.01%) + (debt-free company))
Discount Rate = 9.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -48.24 | Cagr: -0.53%
[DCF] Terminal Value 72.22% ; FCFF base≈154.1m ; Y1≈146.8m ; Y5≈139.9m
[DCF] Fair Price = 68.34 (EV 1.98b - Net Debt 0.0 = Equity 1.98b / Shares 29.0m; r=9.01% [WACC]; 5y FCF grow -6.16% → 2.50% )
EPS Correlation: 85.60 | EPS CAGR: 16.85% | SUE: 0.06 | # QB: 0
Revenue Correlation: 93.73 | Revenue CAGR: 11.38% | SUE: 0.10 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.22 | Chg30d=+0.98% | Revisions=-67% | Analysts=7
EPS current Year (2026-12-31): EPS=4.51 | Chg30d=+1.25% | Revisions=-70% | GrowthEPS=-5.8% | GrowthRev=-0.5%
EPS next Year (2027-12-31): EPS=4.97 | Chg30d=+0.52% | Revisions=-67% | GrowthEPS=+10.1% | GrowthRev=+7.9%
[Analyst] Revisions Ratio: -86% (up=0, down=19)