Inside the research

Badger Meter, Inc.

BMI Research profile · latest available data

Price overview

$129.48

▼ -1.12 (-0.9%)

52w hi$185.73
52w lo$112.67
Vol294.10K
As of25 Sep 2026

The Verdict

Hold

Our score -0.08

Short-0.42
Medium+0.16
Long+0.11

computed 2026-09-27

Key fundamentals

Badger Meter, Inc.

Technology · Scientific & Technical Instruments

Market cap$3.75B
Enterprise value$3.68B
Trailing P/E30.32x
Forward P/E26.06x
EV / EBITDA18.71x
P / S (ttm)4.26x
Profit margin14.3%
Return on equity18.5%
Revenue growth-6.6%
Earnings growth-12.8%
Debt / equity3.44

Layer Breakdown

LayerRawContribution
Fundamental+0.09
Sector+0.19
Technical-0.24
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market. It also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids, 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 user 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 to employees, resellers, and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.

United States · www.badgermeter.com

Risk Metrics

Beta vs SPX0.92
Corr SPX0.36
Annual vol40.4%
Annual ret-17.3%
Sharpe-0.43
Max DD-55.4%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-07-22Earnings Release, Exhibitsread
2026-06-11Material Agreement, Termination of Agreement…read
2026-05-21Reg FD Disclosure, Exhibitsread
2026-04-28Bylaws Amendment, Shareholder Vote…read
2026-04-17Earnings Release, Exhibitsread
2026-01-28Earnings Releaseread
2025-12-11Officer / Director Change, Exhibitsread
2025-10-21Earnings Release, Exhibitsread
2025-07-22Earnings Release, Exhibitsread
2025-04-29Shareholder Vote, Other Material Eventread
2025-04-17Earnings Release, Exhibitsread
2025-01-31Earnings Release, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders6
Top-5 share100.0%
HHI5,351 (concentrated)

Top Holders

HolderValueShares
State Street Corp$245.04M1.65M
Capital Research / Capital World$93.39M629.41K
AQR Capital Management$13.32M89.79K
Citadel Advisors$5.42M36.50K
Fidelity / FMR LLC$1.80M12.15K
T. Rowe Price Group$41.09K276.88K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-07-314view
2026-07-2310-Qview
2026-07-228-Kview
2026-07-024view
2026-07-024view
2026-06-2211-Kview
2026-06-118-Kview
2026-05-218-Kview
2026-05-044view
2026-04-294view
2026-04-294view
2026-04-294view
2026-04-294view
2026-04-294view
2026-04-294view

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$703.59M+7.7%
Gross profit$276.44M+7.8%
Operating income$118.05M+7.6%
Net income$35.08M+1.5%
Cash from ops$155.03M+12.1%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$130.71$132.50$128.95$129.48294.10K
Sep 24$131.65$133.44$128.96$130.60601.50K
Sep 23$132.26$134.29$131.89$133.00469.90K
Sep 22$133.47$134.75$131.98$132.26316.20K
Sep 21$132.92$132.92$130.01$131.50306.80K

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