BADGER METER INC
BMINYSE
$149.48
↓ -1.1%Jul 17 close · end-of-day
Price
1Y↓ -37.3%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$4.4B
Enterprise Value
$4.4B
P/E
33.7
P/S
4.9
P/B
6.4
EV/EBITDA
24.3
PEG
1.2
FCF Yield
3.9%
Dividend Yield
1.0%
Revenue (TTM)
$896.7M
Net Income (TTM)
$130.6M
Free Cash Flow (TTM)
$169.1M
Gross Margin
41.4%
Operating Margin
18.9%
Net Margin
14.6%
ROE
18.9%
ROIC
18.4%
Debt / Equity
—
Net Cash
—
Return 1Y
-38.6%
Company profile
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments.
- CEO
- Kenneth C. Bockhorst
- Sector
- Manufacturing
- Industry
- Measuring And Control Equipment
- Employees
- 1,980
- Headquarters
- Wisconsin
- Website
- badgermeter.com
Management & directors
- Wrocklage RobertEVP-N.A. Muncipal Utility
- Bergum William R AVP-Gen. Counsel and Secretary
- Bockhorst KennethChairman, President & CEO
- Callahan Edward F.VP-Engineering
- Htwe RichardVP-Global Operations
- Tarantino Christina M.VP-Controller
- Begale Fred JVP-Utility NPD
- Hopkins SherylVP - Human Resources
- Stoll Kimberly KVP-Cust Serv & GM SmartCover
- Stuyvenberg Matthew LEVP-SaaS Intl Utility & Comm'l
- Weltzien Daniel RVP-CFO & Treasurer
Roles derived from SEC Form 4 filings.
Earnings
BMI Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$202.3M↓ -9.0%
Diluted EPS$0.93↓ -28.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $425.5M | $505.2M | $565.6M | $703.6M | $826.6M | $916.7M |
| Gross profit | $168.2M | $205.5M | $220.0M | $276.4M | $329.2M | $382.1M |
| Operating income | $65.2M | $78.7M | $87.3M | $118.0M | $157.9M | $183.4M |
| Net income | $49.3M | $60.9M | $66.5M | $92.6M | $124.9M | $141.6M |
| Diluted EPS | $1.69 | $2.08 | $2.26 | $3.14 | $4.23 | $4.79 |
| Operating cash flow | $89.6M | $87.5M | $82.5M | $110.1M | $155.0M | $183.7M |
| Free cash flow | $80.5M | $80.8M | $76.6M | $98.1M | $142.2M | $169.7M |
| Gross margin | 39.5% | 40.7% | 38.9% | 39.3% | 39.8% | 41.7% |
| Operating margin | 15.3% | 15.6% | 15.4% | 16.8% | 19.1% | 20.0% |
| Net margin | 11.6% | 12.1% | 11.8% | 13.2% | 15.1% | 15.5% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $216.7M | $208.4M | $205.2M | $222.2M | $238.1M | $235.7M | $220.7M | $202.3M |
| Gross profit | $85.4M | $83.9M | $82.8M | $95.4M | $97.8M | $95.8M | $93.0M | $84.3M |
| Operating income | $41.5M | $40.6M | $39.2M | $49.4M | $44.9M | $46.1M | $43.0M | $35.2M |
| Net income | $33.1M | $32.0M | $30.7M | $38.4M | $34.6M | $35.1M | $33.6M | $27.3M |
| Diluted EPS | $1.12 | $1.08 | $1.04 | $1.30 | $1.17 | $1.19 | $1.14 | $0.93 |
| Operating cash flow | $36.4M | $45.1M | $52.1M | $33.0M | $44.6M | $51.3M | $54.8M | $33.9M |
| Free cash flow | $34.1M | $42.0M | $47.4M | $30.1M | $40.6M | $48.2M | $50.8M | $29.5M |
| Gross margin | 39.4% | 40.2% | 40.3% | 42.9% | 41.1% | 40.7% | 42.1% | 41.7% |
| Operating margin | 19.2% | 19.5% | 19.1% | 22.2% | 18.8% | 19.6% | 19.5% | 17.4% |
| Net margin | 15.3% | 15.4% | 15.0% | 17.3% | 14.5% | 14.9% | 15.2% | 13.5% |
Company news
Jul 18, 2026
Jul 17, 2026
Jul 13, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-04-27 | Cook Melanie K. | Award | 952 | $122.96 | $117,057.92 | filing |
| 2026-04-27 | McGill James W | Award | 952 | $122.96 | $117,057.92 | filing |
| 2026-04-27 | Myers Tessa M. | Award | 952 | $122.96 | $117,057.92 | filing |
| 2026-04-27 | TELLOCK GLEN E | Award | 952 | $122.96 | $117,057.92 | filing |
| 2026-04-27 | Brooks Henry F | Award | 952 | $122.96 | $117,057.92 | filing |
| 2026-04-27 | STERN JAMES F | Award | 952 | $122.96 | $117,057.92 | filing |
| 2026-04-23 | Wrocklage Robert· EVP-N.A. Muncipal Utility | Buy | 1,000 | $122.35 | $122,350.00 | filing |
| 2026-04-21 | Bockhorst Kenneth· Chairman, President & CEO | Buy | 2,200 | $117.53 | $258,573.26 | filing |
| 2026-04-21 | Htwe Richard· VP-Global Operations | Buy | 1,700 | $116.13 | $197,421.00 | filing |
| 2026-04-21 | BERGUM WILLIAM R A· VP-Gen. Counsel and Secretary | I | 1,414 | $123.78 | $175,000.02 | filing |
| 2026-04-21 | Callahan Edward F.· VP-Engineering | Buy | 858 | $116.30 | $99,785.40 | filing |
| 2026-04-21 | Tarantino Christina M.· VP-Controller | Buy | 870 | $113.80 | $99,006.00 | filing |
| 2026-03-06 | Bockhorst Kenneth· Chairman, President & CEO | Tax withholding | 450 | $148.85 | $66,982.50 | filing |
| 2026-03-06 | Wrocklage Robert· EVP-N.A. Muncipal Utility | Tax withholding | 210 | $148.85 | $31,258.50 | filing |
| 2026-03-06 | Stoll Kimberly K· VP-Cust Serv & GM SmartCover | Sale | 143 | $144.50 | $20,663.50 | filing |
| 2026-03-06 | Hopkins Sheryl· VP - Human Resources | Tax withholding | 46 | $148.85 | $6,847.10 | filing |
| 2026-03-06 | BERGUM WILLIAM R A· VP-Gen. Counsel and Secretary | Tax withholding | 46 | $148.85 | $6,847.10 | filing |
| 2026-03-06 | Htwe Richard· VP-Global Operations | Tax withholding | 41 | $148.85 | $6,102.85 | filing |
| 2026-03-06 | Weltzien Daniel R· VP-CFO & Treasurer | Tax withholding | 41 | $148.85 | $6,102.85 | filing |
| 2026-03-06 | Begale Fred J· VP-Utility NPD | Tax withholding | 36 | $148.85 | $5,358.60 | filing |
| 2026-03-06 | Stoll Kimberly K· VP-Cust Serv & GM SmartCover | Award | 410 | — | — | filing |
| 2026-03-06 | Stuyvenberg Matthew L· EVP-SaaS Intl Utility & Comm'l | Award | 451 | — | — | filing |
| 2026-03-06 | Weltzien Daniel R· VP-CFO & Treasurer | Award | 738 | — | — | filing |
| 2026-03-06 | Htwe Richard· VP-Global Operations | Award | 369 | — | — | filing |
| 2026-03-06 | Wrocklage Robert· EVP-N.A. Muncipal Utility | Award | 1,312 | — | — | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.