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 |
| Vol | 294.10K |
| As of | 25 Sep 2026 |
The Verdict
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/E | 30.32x |
| Forward P/E | 26.06x |
| EV / EBITDA | 18.71x |
| P / S (ttm) | 4.26x |
| Profit margin | 14.3% |
| Return on equity | 18.5% |
| Revenue growth | -6.6% |
| Earnings growth | -12.8% |
| Debt / equity | 3.44 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 0.92 |
|---|---|
| Corr SPX | 0.36 |
| Annual vol | 40.4% |
| Annual ret | -17.3% |
| Sharpe | -0.43 |
| Max DD | -55.4% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-22 | Earnings Release, Exhibits | read |
| 2026-06-11 | Material Agreement, Termination of Agreement… | read |
| 2026-05-21 | Reg FD Disclosure, Exhibits | read |
| 2026-04-28 | Bylaws Amendment, Shareholder Vote… | read |
| 2026-04-17 | Earnings Release, Exhibits | read |
| 2026-01-28 | Earnings Release | read |
| 2025-12-11 | Officer / Director Change, Exhibits | read |
| 2025-10-21 | Earnings Release, Exhibits | read |
| 2025-07-22 | Earnings Release, Exhibits | read |
| 2025-04-29 | Shareholder Vote, Other Material Event | read |
| 2025-04-17 | Earnings Release, Exhibits | read |
| 2025-01-31 | Earnings Release, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 6 |
| Top-5 share | 100.0% |
| HHI | 5,351 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $245.04M | 1.65M |
| Capital Research / Capital World | $93.39M | 629.41K |
| AQR Capital Management | $13.32M | 89.79K |
| Citadel Advisors | $5.42M | 36.50K |
| Fidelity / FMR LLC | $1.80M | 12.15K |
| T. Rowe Price Group | $41.09K | 276.88K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $130.71 | $132.50 | $128.95 | $129.48 | 294.10K |
| Sep 24 | $131.65 | $133.44 | $128.96 | $130.60 | 601.50K |
| Sep 23 | $132.26 | $134.29 | $131.89 | $133.00 | 469.90K |
| Sep 22 | $133.47 | $134.75 | $131.98 | $132.26 | 316.20K |
| Sep 21 | $132.92 | $132.92 | $130.01 | $131.50 | 306.80K |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →