Badger Meter, Inc.
BMI
NYSE·Industrials·Industrial - Machinery·Mkt cap $3.8B
$132.49
▼ -2.60%
P/E
30.96
Mkt Cap
$3.8B
52-Wk Range
$112.09–$204.00
52-Week Range
$112.09 - $204.00
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 27.5% 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 0.6).
- 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
Stable
+1.6% over 3m
Quality
Strong
Strong fundamentals
Dividend
Modest
1.24% 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
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 20, 2026
JUL 22, 2026
Reported EPS of $1.02 vs $1.01 consensus (+1.0% surprise). Revenue of $222.3M vs $220.6M expected (+0.8%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+1.0%
Revenue trend · last 8Q
—
+12%
+13%
+10%
+13%
+8%
-9%
-7%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$208.4M
$205.2M
$222.2M
$238.1M
$235.7M
$220.7M
$202.3M
$222.3M
Margins · last 8Q
Gross
40.8%
Operating
17.7%
Profit
13.4%
Wall Street consensus
6 analysts · 67% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
67%
Hold
17%
Sell
17%
Median Price Target
—
Latest: Barclays · Jul 28, 2026
vs Industry
How BMI stacks vs Industrial - Machinery
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
Related
Peers & themes
Themes