logo
logo
BMI stock ticker logo

Badger Meter, Inc.

NYSE•BMI
CEO: Mr. Kenneth C. Bockhorst
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1983-10-27
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software directly, as well as through resellers and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.
Contact Information
4545 West Brown Deer Road, P.O. Box 245036, Milwaukee, WI, 53224-9536, United States
414-355-0400
www.badgermeter.com
Market Cap
$4.44B
P/E (TTM)
31.6
73.7
Dividend Yield
1.0%
52W High
$256.08
52W Low
$139.14
52W Range
11%
Rank19Top 5.6%
6.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$220.71M+7.57%
4-Quarter Trend

EPS

$1.14+8.57%
4-Quarter Trend

FCF

$50.77M+7.11%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Sales Growth Strong 2025 Net sales reached $916.7M, marking a 10.9% increase over the prior year driven by utility water solutions.
Operating Margin Expansion Noted Operating earnings reached $183.4M, improving margin to 20.0% of sales, up from 19.1% in 2024.
Diluted EPS Increased Significantly Diluted earnings per share grew to $4.79 in 2025, compared to $4.23 reported in the previous year.
SmartCover Acquisition Contributes SmartCover acquisition added $39.7M in revenue over eleven months in 2025, bolstering utility water segment.

Risk Factors

Raw Material Supply Chain Risks Reliance on single suppliers for castings and components risks higher material costs and short-term operational disruptions.
Economic Conditions Impact Demand Global economic downturns, rising interest rates, and government budget cuts could reduce demand for water utility products.
Technology Obsolescence Threat Inability to maintain competitive advantage against new standards or static metering adoption could adversely affect performance.
Warranty Costs May Increase Product warranty reserve increased to $21.6M in 2025; new technology may cause future claims to exceed estimates.

Outlook

SaaS Revenue Growth Focus Revenue from SaaS solutions, including BEACON, increased significantly and remains margin accretive for future growth.
R&D Investment Continues Research and development spending increased to $21.6M in 2025, supporting development of technologically advanced products.
Capital Expenditures Planned Capital expenditures for fiscal 2026 are expected to be in the $15.0M to $19.0M range depending on projects.
Share Repurchase Authorization $75.0M share repurchase authorization remains available through November 2028 to support capital allocation strategy.

Peer Comparison

Revenue (TTM)

ST stock ticker logoST
$3.71B
-5.8%
VNT stock ticker logoVNT
$3.08B
+3.2%
TTMI stock ticker logoTTMI
$2.91B
+19.0%

Gross Margin (Latest Quarter)

VICR stock ticker logoVICR
55.4%
+8.4pp
WEX stock ticker logoWEX
54.4%
-2.2pp
ACIW stock ticker logoACIW
53.0%
-2.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TTMI$12.09B68.110.6%29.1%
LFUS$9.72B-134.2-2.8%23.9%
VICR$9.15B77.418.7%1.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
-4.4%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 17, 2026
|
EPS:$1.20
|
Revenue:$229.60M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data