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BMI US​

Badger Meter Inc(BMI US)

$151.24+1.601.07%Ext:$154.23+2.991.97%(Market Closed · 23:56:26 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Badger Meter Inc — Company Profile

Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies. Additionally, Badger Meter engineers and produces a variety of flow instrumentation devices, including meters, valves, and sensing tools. These instruments are vital for measuring and controlling the flow of various substances—from water, air, and steam to oil and other liquids and gases—within industrial piping and pipelines. They are incorporated by original equipment manufacturers (OEMs) as primary measurement components within their products or systems and distributed through manufacturer representatives. Key applications for this instrumentation span water/wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems, and corporate sustainability efforts. The company further innovates with its ORION suite of automatic meter reading (AMR) technologies, encompassing ORION Migratable, ORION (SE) for traditional fixed networks, and ORION Cellular for infrastructure-free fixed network solutions. Its BEACON advanced metering analytics platform, a secure cloud-hosted software, empowers users with alerts for specified conditions and consumer engagement tools to visualize and manage water usage. Serving a broad customer base, including water utilities, industrial clients, and other sectors, Badger Meter sells its offerings directly and through a network of resellers and representatives. Founded in 1905, Badger Meter, Inc. is headquartered in Milwaukee, Wisconsin.

Sector
Health Care
Industry
Health Care Equipment & Supplies
Exchange
UN
CEO
Kenneth C. Bockhorst
Headquarters
Milwaukee, WI, US
IPO Date
Oct 27, 1983
Employees
2,477
Website
www.badgermeter.com

Key Metrics

Price
$127.77
Market Cap
$3.70B
Revenue (TTM)
$202.28M
Net Income (TTM)
$27.34M
EPS (TTM)
0.94
P/E (TTM)
28.37
P/B (TTM)
5.36
Dividend Yield
127.15%
ROE (TTM)
3.96%
ROA (TTM)
2.82%
Operating Margin
17.39%
Beta
0.80

Dividends

Last Dividend
$0.40
Last Yield
1.27%

Summary

Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies. Additionally, Badger Meter engineers and produces a variety of flow instrumentation devices, including meters, valves, and sensing tools. These instruments are vital for measuring and controlling the flow of various substances—from water, air, and steam to oil and other liquids and gases—within industrial piping and pipelines. They are incorporated by original equipment manufacturers (OEMs) as primary measurement components within their products or systems and distributed through manufacturer representatives. Key applications for this instrumentation span water/wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems, and corporate sustainability efforts. The company further innovates with its ORION suite of automatic meter reading (AMR) technologies, encompassing ORION Migratable, ORION (SE) for traditional fixed networks, and ORION Cellular for infrastructure-free fixed network solutions. Its BEACON advanced metering analytics platform, a secure cloud-hosted software, empowers users with alerts for specified conditions and consumer engagement tools to visualize and manage water usage. Serving a broad customer base, including water utilities, industrial clients, and other sectors, Badger Meter sells its offerings directly and through a network of resellers and representatives. Founded in 1905, Badger Meter, Inc. is headquartered in Milwaukee, Wisconsin.

Website
www.badgermeter.com
Location
Milwaukee, WI, US
Phone414 355 0400
Employees2,477
CEOKenneth C. Bockhorst
Sector
Health Care
Industry
Health Care Equipment & Supplies
IPO DateOct 27, 1983

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Latest Documents

SEC Filings(2.2K)

Expand
  • 10-QQ3ended 30 Sept 202623 Oct
  • 8-KResults of Operations and Financial Condition22 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 4Statement of changes in beneficial ownership31 Jul
  • 10-QQ2ended 30 Jun 202623 Jul
  • 8-KResults of Operations and Financial Condition22 Jul
  • 4Statement of changes in beneficial ownership2 Jul
  • 4Statement of changes in beneficial ownership2 Jul
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)22 Jun
  • 8-KEntry into a Material Definitive Agreement11 Jun
  • SDSD28 May
  • 8-KRegulation FD Disclosure21 May
  • SC 13GBADGER METER INC12 May
  • 4Statement of changes in beneficial ownership4 May
  • SC 13GBADGER METER INC29 Apr
  • 4Statement of changes in beneficial ownership29 Apr
  • 4Statement of changes in beneficial ownership29 Apr
  • 4Statement of changes in beneficial ownership29 Apr
  • 4Statement of changes in beneficial ownership29 Apr

News

  • Badger Meter Analysts Boost Their Forecasts Following Upbeat Q3 Earnings23 Oct
  • Badger Meter, Inc. (BMI) Q3 2026 Earnings Call Transcript22 Oct
  • Badger Meter: 3 Key Takeaways for Long-Term Investors22 Oct
  • Badger Meter Q3 Earnings Call Highlights22 Oct
  • Badger Meter (BMI) Tops Q3 Earnings Estimates22 Oct
  • Badger Meter Reports Third Quarter 2026 Financial Results22 Oct
  • Badger Meter: Upcoming Quarterly Report Needs To Break The Precedent Set By Recent Reports16 Oct
  • Badger Meter (BMI) Stock Slides as Market Rises: Facts to Know Before You Trade15 Oct
  • Badger Meter: Project Recovery And Software Growth Support A Buy14 Oct
  • Badger Meter (BMI) Beats Stock Market Upswing: What Investors Need to Know9 Oct
  • A Once-in-a-Decade Opportunity: 2 Magnificent Dividend Stocks Down 34% to 52% I'm Buying Right Now9 Oct
  • Badger Meter (BMI) Ascends While Market Falls: Some Facts to Note8 Oct
  • Implied Volatility Surging for Badger Meter Stock Options8 Oct
  • Best Medical International Celebrates 50 Years of Innovation and Leadership6 Oct
  • Badger Meter Schedules Third Quarter 2026 Earnings Call1 Oct
  • Badger Meter, Inc. (NYSE:BMI) Stock Has Consensus Target Price of $162.00 According to Analysts1 Oct
  • Badger Meter (BMI) Sees a More Significant Dip Than Broader Market: Some Facts to Know30 Sep
  • Badger Meter Introduces OneNetwork™ Software Platform for Water and Wastewater Utilities at WEFTEC 202628 Sep
  • 10 Dividend Growth Stocks: September 202624 Sep
  • Why Badger Meter (BMI) Dipped More Than Broader Market Today24 Sep

Mentions in Filings

  • … joining Research Solutions, Mr. Kutil served as Controller at Lesaffre Yeast Corporation, a leading global consumer goods company, from March 2022 to March 2023, and Director of Accounting and External Reporting for <strong>Badger Meter</strong>, a leading manufacturer of metering products, from September 2015 to March 2022. Mr. Kutil received a Bachelor of Business Administration in Accounting from the University of Wisconsin-Whitewater and is an active Cer …
    Research Solutions, Inc.Badger Meter Inc·ARS - Annual report to security holders·FY26·1 Oct
  • … to joining Research Solutions, Mr. Kutil served as Controller at Lesaffre Yeast Corporation, a leading global consumer goods company, from March 2022 to March 2023, and Director of Accounting and External Reporting for <strong>Badger Meter</strong>, a leading manufacturer of metering products, from September 2015 to March 2022. Mr. Kutil received a Bachelor of Business Administration in Accounting from the University of Wisconsin-Whitewater and is an active Certi …
    Research Solutions, Inc.Badger Meter Inc·DEF 14A - Definitive proxy statement·Q2 27·1 Oct
  • … ired Mark W. Lanigan (2)* (3) Co-Founder and Managing Director Black Canyon Capital LLC Steven D. Menneto President and Chief Executive Officer Melanie K. Cook (1)(2)(3) Director Commercial Vehicle Group, Inc. and <strong>Badger Meter, Inc.</strong> Nancy M. Taylor (1)(3) Director TopBuild Corp. Michael J. Connolly (2)(3)* Chief Executive Officer Fourth Street Capital, Inc. (1) Audit Committee, (2) Compensation Committee, (3) Nominating and Governance Committ …
    MALIBU BOATS, INC.Badger Meter Inc·ARS - Annual report to security holders·FY26·21 Sep
  • … ook serves on the boards of directors of the following companies: since 2023, Commercial Vehicle Group, Inc. (NASDAQ: CVGI), where she serves on the audit committee and chairs the compensation committee; since 2022, <strong>Badger Meter, Inc.</strong> (NYSE: BMI), where she serves on the audit and compliance committees; since 2022, Thetford Corporation, a privately-owned provider of mobile sanitary and kitchen products, where she is chair of the audit committee; …
    MALIBU BOATS, INC.Badger Meter Inc·DEF 14A - Definitive proxy statement·Q2 27·21 Sep
  • … to joining Research Solutions, Mr. Kutil served as Controller at Lesaffre Yeast Corporation, a leading global consumer goods company, from March 2022 to March 2023, and Director of Accounting and External Reporting for <strong>Badger Meter</strong>, a leading manufacturer of metering products, from September 2015 to March 2022. Mr. Kutil received a Bachelor of Business Administration in Accounting from the University of Wisconsin-Whitewater and is an active Certi …
    Research Solutions, Inc.Badger Meter Inc·10-K - Annual report FY 2026·FY26·11 Sep
  • … ook serves on the boards of directors of the following companies: since 2023, Commercial Vehicle Group, Inc. (NASDAQ: CVGI), where she serves on the audit committee and chairs the compensation committee; since 2022, <strong>Badger Meter, Inc.</strong> (NYSE: BMI), where she serves on the audit and compliance committees; since 2022, Thetford Corporation, a privately-owned provider of mobile sanitary and kitchen products, where she is chair of the audit committee; …
    MALIBU BOATS, INC.Badger Meter Inc·PRE 14A - Preliminary proxy statement·Q2 27·10 Sep

Key Stats

Trading

Px/Chg 1D$127.77 / -0.47%
Prev Close$132.49
% of 52Wk H63.05%
Avg Volume533.82K
Beta0.80
Mkt Cap3.70B
FD Mkt Cap3.73B

Float

Shrs Out/Float28.99M / 28.80M
Short Float0.16%
Days to Cover7.40
Stock Repurchased$38.21M

Current Valuation

EV3.50B
EV/EBITDA17.20
EV/Sales3.90
P/B5.36
P/S4.13
FCF Yield0.80%
ROE3.96%
ROA2.82%
Current Ratio3.00

Dividend

Cash$0.40
Yield127.15%
Yield (TTM)127.15%

Estimates

P/E28.37
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings79.3359.0156.4447.37101.09132.71
Price / Sales10.976.947.437.1615.3817.93
Price / Book Value7.758.8710.129.764.765.25
Price / Free Cash Flow67.2251.2553.2741.6266.85123.11
ENTERPRISE VALUE METRICS
Enterprise Value4,207.03,785.95,034.95,623.73,168.03,422.3
Enterprise Value / Sales10.396.697.166.8014.3516.92
Enterprise Value / EBITDA48.8233.3834.4829.5859.2887.40
Enterprise Value / EBIT57.3243.1642.7035.6170.9694.18

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue16.1%505.2565.6703.6826.6916.7
Gross Income16.8%205.5220.0276.4329.2382.1
EBITDA20.3%106.5113.4146.0190.1223.2
EBIT24.5%78.687.7117.9157.9188.7
Net Income23.5%60.966.592.6124.9141.6
EPS (Diluted)23.2%2.082.263.144.234.79
BALANCE SHEET
Cash & ST Inv26.9%87.2138.1191.8295.3226.0
Total Assets16.4%530.8603.0716.9816.4973.6
Total Liabilities19.5%127.7160.6200.4210.2260.3
Total Shareholder Equity15.3%403.1442.4516.5606.2713.3
CASH FLOW
Net Operating Cash Flow20.4%87.582.5110.1155.0183.7
Cap Ex20.1%-6.7-5.9-12.0-12.8-14.0
Free Cash Flow20.4%80.876.698.1142.2169.7

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)151.44
Basic Shares28.99
Market Cap4,389.8
Diluted Shares28.87
Fully Diluted Shares Outstanding28.87
Fully Diluted Market Cap4,372.3
+Consolidated Debt-
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-67.9
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value4,321.8

Segment data

Revenue

by Products and services

  • Software As A Service100%

Revenue

by Geography

  • United States90%
  • Europe5%
  • Canada2%
  • Asia2%
  • Middle East1%

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