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Badger Meter, Inc.
BMI
NYSE·Technology·Hardware, Equipment & Parts·Mkt cap $4.3B
$145.54
▼ -0.48%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$112.09 - $249.56
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 39.1% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- 118-year operating history with deep customer relationships and market penetration in North American water utilities
- Integrated hardware-software ecosystem combining meters, communication networks, and cloud analytics creating switching costs
- Recurring revenue model through software subscriptions and meter reading services providing predictable cash flows
- Proprietary ORION and BEACON technologies with patent protection and continuous innovation in smart metering
Bear Case
2 risks
- Low volatility (beta 0.7).
- Premium valuation to sector peers
Growth
Stable outlook
Water infrastructure modernization and replacement cycles driven by aging utility systems
Value
Premium valuation to sector peers
Momentum
Weak
-6.7% over 3m
Quality
Strong
Strong fundamentals
Dividend
Modest
1.09% yield
Smart-money signal
Who's buying BMI right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Apr 15, 2026
APR 17, 2026
Reported EPS of $0.93 vs $1.20 consensus (-22.5% surprise). Revenue of $202.3M vs $229.6M expected (-11.9%).
EPS surprise · last 4Q
0 of 1 beats
Q2 26
-22.5%
Next: Apr 15, 2026
Revenue trend · last 8Q
—
—
+12%
+13%
+10%
+13%
+8%
-9%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$216.7M
$208.4M
$205.2M
$222.2M
$238.1M
$235.7M
$220.7M
$202.3M
Margins · last 8Q
Gross
41.7%
Operating
17.4%
Profit
13.5%
Wall Street consensus
8 analysts · 63% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
63%
Hold
25%
Sell
13%
Median Price Target
$145.00
▼ -0.4% vs $145.54
Latest: Stifel · $140.00 · May 22, 2026
4 analysts covering
vs Industry
How BMI stacks vs Hardware, Equipment & Parts
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
Related
Peers & themes
Peers
No peer data available.
Themes