(BMI) Badger Meter - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0565251081

Stock: Meters, Valves, Sensors, Software

Total Rating 32
Risk 88
Buy Signal -0.62

EPS (Earnings per Share)

EPS (Earnings per Share) of BMI over the last years for every Quarter: "2020-12": 0.45, "2021-03": 0.47, "2021-06": 0.48, "2021-09": 0.54, "2021-12": 0.59, "2022-03": 0.49, "2022-06": 0.57, "2022-09": 0.61, "2022-12": 0.6, "2023-03": 0.66, "2023-06": 0.76, "2023-09": 0.88, "2023-12": 0.84, "2024-03": 0.99, "2024-06": 1.12, "2024-09": 1.08, "2024-12": 1.04, "2025-03": 1.3, "2025-06": 1.17, "2025-09": 1.19, "2025-12": 1.14,

Revenue

Revenue of BMI over the last years for every Quarter: 2020-12: 112.329, 2021-03: 117.842, 2021-06: 122.869, 2021-09: 128.738, 2021-12: 135.748, 2022-03: 132.402, 2022-06: 137.833, 2022-09: 148.009, 2022-12: 147.324, 2023-03: 159.101, 2023-06: 175.858, 2023-09: 186.193, 2023-12: 182.44, 2024-03: 196.28, 2024-06: 216.658, 2024-09: 208.438, 2024-12: 205.182, 2025-03: 222.211, 2025-06: 238.095, 2025-09: 235.651, 2025-12: 220.706,

Dividends

Dividend Yield 0.74%
Yield on Cost 5y 1.45%
Yield CAGR 5y 18.13%
Payout Consistency 97.1%
Payout Ratio 30.8%
Risk 5d forecast
Volatility 31.8%
Relative Tail Risk -6.75%
Reward TTM
Sharpe Ratio -0.81
Alpha -44.73
Character TTM
Beta 0.932
Beta Downside 0.597
Drawdowns 3y
Max DD 42.92%
CAGR/Max DD 0.19

Description: BMI Badger Meter January 07, 2026

Badger Meter Inc. (NYSE:BMI) designs, manufactures, and markets flow-measurement and water-smart-metering solutions for municipal utilities, industrial users, and OEMs. Its product portfolio spans flow meters, valves, optical and electrochemical water-quality sensors, high-frequency pressure and leak-detection devices, and the BEACON cloud-based software suite that delivers alerts and consumer-engagement tools. Sales are executed both directly and through a network of distributors and OEM representatives, serving sectors such as water/wastewater, HVAC, and corporate sustainability.

Key recent metrics (FY 2023) include approximately $1.1 billion in revenue, a 5 % year-over-year growth rate, and an operating margin near 12 %. The company’s backlog of recurring smart-metering contracts exceeded $300 million, reflecting strong demand driven by U.S. water-infrastructure spending, which the American Water Works Association estimates will total roughly $1 trillion over the next decade. Additionally, ESG-focused capital allocation-particularly utilities’ need to meet tightening water-conservation regulations-continues to boost adoption of Badger’s advanced metering infrastructure.

For deeper quantitative analysis, you might explore ValueRay’s platform for detailed financial metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: 141.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.17 > 0.02 and ΔFCF/TA 0.01 > 1.0
NWC/Revenue: 38.88% < 20% (prev 51.04%; Δ -12.17% < -1%)
CFO/TA 0.19 > 3% & CFO 183.7m > Net Income 141.6m
Net Debt (-226.0m) to EBITDA (221.9m): -1.02 < 3
Current Ratio: 3.36 > 1.5 & < 3
Outstanding Shares: last quarter (29.5m) vs 12m ago 0.59% < -2%
Gross Margin: 41.68% > 18% (prev 0.40%; Δ 4128 % > 0.5%)
Asset Turnover: 102.4% > 50% (prev 101.2%; Δ 1.18% > 0%)
Interest Coverage Ratio: -137.5 > 6 (EBITDA TTM 221.9m / Interest Expense TTM -1.36m)

Altman Z'' 8.77

A: 0.37 (Total Current Assets 507.1m - Total Current Liabilities 150.7m) / Total Assets 973.6m
B: 0.64 (Retained Earnings 624.1m / Total Assets 973.6m)
C: 0.21 (EBIT TTM 187.3m / Avg Total Assets 895.0m)
D: 2.74 (Book Value of Equity 713.3m / Total Liabilities 260.3m)
Altman-Z'' Score: 8.77 = AAA

Beneish M -2.51

DSRI: 1.20 (Receivables 112.4m/84.3m, Revenue 916.7m/826.6m)
GMI: 0.96 (GM 41.68% / 39.83%)
AQI: 1.61 (AQ_t 0.40 / AQ_t-1 0.25)
SGI: 1.11 (Revenue 916.7m / 826.6m)
TATA: -0.04 (NI 141.6m - CFO 183.7m) / TA 973.6m)
Beneish M-Score: -2.51 (Cap -4..+1) = A

What is the price of BMI shares?

As of February 10, 2026, the stock is trading at USD 150.58 with a total of 362,675 shares traded.
Over the past week, the price has changed by -0.82%, over one month by -13.76%, over three months by -19.50% and over the past year by -29.59%.

Is BMI a buy, sell or hold?

Badger Meter has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold BMI.
  • StrongBuy: 2
  • Buy: 2
  • Hold: 5
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the BMI price?

Issuer Target Up/Down from current
Wallstreet Target Price 178 18.2%
Analysts Target Price 178 18.2%
ValueRay Target Price 141.6 -5.9%

BMI Fundamental Data Overview February 09, 2026

P/E Trailing = 31.572
P/E Forward = 29.9401
P/S = 4.8619
P/B = 6.2481
P/EG = 3.1892
Revenue TTM = 916.7m USD
EBIT TTM = 187.3m USD
EBITDA TTM = 221.9m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -226.0m USD (from netDebt column, last quarter)
Enterprise Value = 4.23b USD (4.46b + (null Debt) - CCE 226.0m)
Interest Coverage Ratio = -137.5 (Ebit TTM 187.3m / Interest Expense TTM -1.36m)
EV/FCF = 24.93x (Enterprise Value 4.23b / FCF TTM 169.7m)
FCF Yield = 4.01% (FCF TTM 169.7m / Enterprise Value 4.23b)
FCF Margin = 18.51% (FCF TTM 169.7m / Revenue TTM 916.7m)
Net Margin = 15.45% (Net Income TTM 141.6m / Revenue TTM 916.7m)
Gross Margin = 41.68% ((Revenue TTM 916.7m - Cost of Revenue TTM 534.6m) / Revenue TTM)
Gross Margin QoQ = 42.13% (prev 40.67%)
Tobins Q-Ratio = 4.35 (Enterprise Value 4.23b / Total Assets 973.6m)
Interest Expense / Debt = unknown (Interest Expense 205.0k / Debt none)
Taxrate = 24.79% (11.1m / 44.6m)
NOPAT = 140.9m (EBIT 187.3m * (1 - 24.79%))
Current Ratio = 3.36 (Total Current Assets 507.1m / Total Current Liabilities 150.7m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = -1.02 (Net Debt -226.0m / EBITDA 221.9m)
Debt / FCF = -1.33 (Net Debt -226.0m / FCF TTM 169.7m)
Total Stockholder Equity = 683.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.83% (Net Income 141.6m / Total Assets 973.6m)
RoE = 20.71% (Net Income TTM 141.6m / Total Stockholder Equity 683.8m)
RoCE = 22.76% (EBIT 187.3m / Capital Employed (Total Assets 973.6m - Current Liab 150.7m))
RoIC = 20.90% (NOPAT 140.9m / Invested Capital 673.9m)
WACC = 9.35% (E(4.46b)/V(4.46b) * Re(9.35%) + (debt-free company))
Discount Rate = 9.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.12%
[DCF Debug] Terminal Value 77.00% ; FCFF base≈158.7m ; Y1≈195.8m ; Y5≈333.4m
Fair Price DCF = 157.6 (EV 4.42b - Net Debt -226.0m = Equity 4.64b / Shares 29.5m; r=9.35% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 95.09 | EPS CAGR: 25.25% | SUE: -0.19 | # QB: 0
Revenue Correlation: 96.17 | Revenue CAGR: 14.60% | SUE: -1.63 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.23 | Chg30d=-0.073 | Revisions Net=-5 | Analysts=11
EPS current Year (2026-12-31): EPS=5.12 | Chg30d=-0.310 | Revisions Net=-9 | Growth EPS=+6.8% | Growth Revenue=+5.5%
EPS next Year (2027-12-31): EPS=5.56 | Chg30d=-0.229 | Revisions Net=-4 | Growth EPS=+8.8% | Growth Revenue=+7.0%

Additional Sources for BMI Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle