Overview Dividends

(BMI) Badger Meter - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0565251081

Flow Meters, Water Meters, AMR Systems, Sensors, Software

Electronic Equipment & Instruments
Market Cap in USD: 5,327m
IPO / Inception: 1984-09-07
Return 12m vs S&P 500: -28.5%

EPS (Earnings per Share)

EPS (Earnings per Share) of BMI over the last years for every Quarter: "2020-12": 0.45, "2021-03": 0.47, "2021-06": 0.48, "2021-09": 0.54, "2021-12": 0.59, "2022-03": 0.49, "2022-06": 0.57, "2022-09": 0.61, "2022-12": 0.6, "2023-03": 0.66, "2023-06": 0.76, "2023-09": 0.88, "2023-12": 0.84, "2024-03": 0.99, "2024-06": 1.12, "2024-09": 1.08, "2024-12": 1.04, "2025-03": 1.3, "2025-06": 1.17, "2025-09": 1.19, "2025-12": 0,
EPS CAGR: -39.78%
EPS Trend: 30.7%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of BMI over the last years for every Quarter: 2020-12: 112.329, 2021-03: 117.842, 2021-06: 122.869, 2021-09: 128.738, 2021-12: 135.748, 2022-03: 132.402, 2022-06: 137.833, 2022-09: 148.009, 2022-12: 147.324, 2023-03: 159.101, 2023-06: 175.858, 2023-09: 186.193, 2023-12: 182.44, 2024-03: 196.28, 2024-06: 216.658, 2024-09: 208.438, 2024-12: 205.182, 2025-03: 222.211, 2025-06: 238.095, 2025-09: 235.651, 2025-12: null,
Rev. CAGR: 15.84%
Rev. Trend: 97.9%
Last SUE: 0.59
Qual. Beats: 0

Dividends

Dividend Yield 0.84%
Yield on Cost 5y 1.51%
Yield CAGR 5y 18.13%
Payout Consistency 97.1%
Payout Ratio 31.5%
Risk via 5d forecast
Volatility 29.7%
Value at Risk 5%th 45.3%
Relative Tail Risk -7.23%
Reward TTM
Sharpe Ratio -0.44
Alpha -33.09
CAGR/Max DD 0.59
Character TTM
Hurst Exponent 0.324
Beta 0.894
Beta Downside 0.658
Drawdowns 3y
Max DD 33.69%
Mean DD 9.80%
Median DD 6.69%

Description: BMI Badger Meter November 04, 2025

Badger Meter Inc. (NYSE:BMI) designs, manufactures, and markets flow-measurement and control solutions for a global customer base, ranging from municipal water utilities to original equipment manufacturers (OEMs) in industrial and HVAC markets.

The product portfolio includes smart-metering hardware (ORION cellular and mobile-read endpoints), wireless radio modules, high-frequency pressure and leak-detection sensors, optical and electrochemical water-quality instruments, and the BEACON cloud-based software suite that delivers alerts, analytics, and consumer-engagement tools.

In fiscal 2023 the company generated approximately $1.1 billion in revenue, with an operating margin near 12 % and a backlog that grew roughly 8 % year-over-year, reflecting strong demand for digital water-utility upgrades.

Key sector drivers include rising U.S. and global water-infrastructure investment (the U.S. EPA estimates $300 billion in needed upgrades over the next decade), tightening regulations on water loss and quality, and accelerating adoption of IoT-enabled metering that promises operational cost savings for utilities.

For a deeper quantitative view of Badger Meter’s valuation and risk profile, you may find it worthwhile to explore the company’s profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (138.8m TTM) > 0 and > 6% of Revenue (6% = 54.1m TTM)
FCFTA 0.17 (>2.0%) and ΔFCFTA 0.72pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 37.86% (prev 49.78%; Δ -11.92pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.18 (>3.0%) and CFO 181.0m > Net Income 138.8m (YES >=105%, WARN >=100%)
Net Debt (-201.7m) to EBITDA (207.7m) ratio: -0.97 <= 3.0 (WARN <= 3.5)
Current Ratio 3.22 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (29.6m) change vs 12m ago 0.12% (target <= -2.0% for YES)
Gross Margin 41.26% (prev 39.55%; Δ 1.72pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 101.2% (prev 100.1%; Δ 1.07pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -3.28 (EBITDA TTM 207.7m / Interest Expense TTM -43.5m) >= 6 (WARN >= 3)

Altman Z'' 7.98

(A) 0.35 = (Total Current Assets 494.6m - Total Current Liabilities 153.4m) / Total Assets 978.3m
(B) 0.64 = Retained Earnings (Balance) 624.1m / Total Assets 978.3m
(C) 0.16 = EBIT TTM 142.7m / Avg Total Assets 890.6m
(D) 2.42 = Book Value of Equity 666.4m / Total Liabilities 275.8m
Total Rating: 7.98 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.32

1. Piotroski 6.0pt
2. FCF Yield 3.24%
3. FCF Margin 18.45%
4. Debt/Equity 0.01
5. Debt/Ebitda -0.97
6. ROIC - WACC (= 6.75)%
7. RoE 21.12%
8. Rev. Trend 97.93%
9. EPS Trend 30.74%

What is the price of BMI shares?

As of January 06, 2026, the stock is trading at USD 177.03 with a total of 188,945 shares traded.
Over the past week, the price has changed by -1.51%, over one month by -1.73%, over three months by -1.93% and over the past year by -16.43%.

Is BMI a buy, sell or hold?

Badger Meter has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold BMI.
  • Strong Buy: 2
  • Buy: 2
  • Hold: 5
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the BMI price?

Issuer Target Up/Down from current
Wallstreet Target Price 219 23.7%
Analysts Target Price 219 23.7%
ValueRay Target Price 199.7 12.8%

BMI Fundamental Data Overview December 30, 2025

Market Cap USD = 5.33b (5.33b USD * 1.0 USD.USD)
P/E Trailing = 38.6218
P/E Forward = 34.1297
P/S = 5.911
P/B = 7.5823
P/EG = 3.4202
Beta = 0.926
Revenue TTM = 901.1m USD
EBIT TTM = 142.7m USD
EBITDA TTM = 207.7m USD
Long Term Debt = unknown (none)
Short Term Debt = 5.35m USD (from shortTermDebt, last fiscal year)
Debt = 6.01m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -201.7m USD (from netDebt column, last quarter)
Enterprise Value = 5.13b USD (5.33b + Debt 6.01m - CCE 201.7m)
Interest Coverage Ratio = -3.28 (Ebit TTM 142.7m / Interest Expense TTM -43.5m)
FCF Yield = 3.24% (FCF TTM 166.3m / Enterprise Value 5.13b)
FCF Margin = 18.45% (FCF TTM 166.3m / Revenue TTM 901.1m)
Net Margin = 15.40% (Net Income TTM 138.8m / Revenue TTM 901.1m)
Gross Margin = 41.26% ((Revenue TTM 901.1m - Cost of Revenue TTM 529.3m) / Revenue TTM)
Gross Margin QoQ = 40.67% (prev 41.08%)
Tobins Q-Ratio = 5.24 (Enterprise Value 5.13b / Total Assets 978.3m)
Interest Expense / Debt = 3.41% (Interest Expense 205.0k / Debt 6.01m)
Taxrate = 26.06% (12.4m / 47.4m)
NOPAT = 105.5m (EBIT 142.7m * (1 - 26.06%))
Current Ratio = 3.22 (Total Current Assets 494.6m / Total Current Liabilities 153.4m)
Debt / Equity = 0.01 (Debt 6.01m / totalStockholderEquity, last quarter 702.5m)
Debt / EBITDA = -0.97 (Net Debt -201.7m / EBITDA 207.7m)
Debt / FCF = -1.21 (Net Debt -201.7m / FCF TTM 166.3m)
Total Stockholder Equity = 657.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 14.19% (Net Income 138.8m / Total Assets 978.3m)
RoE = 21.12% (Net Income TTM 138.8m / Total Stockholder Equity 657.0m)
RoCE = 17.29% (EBIT 142.7m / Capital Employed (Total Assets 978.3m - Current Liab 153.4m))
RoIC = 16.05% (NOPAT 105.5m / Invested Capital 657.0m)
WACC = 9.30% (E(5.33b)/V(5.33b) * Re(9.31%) + D(6.01m)/V(5.33b) * Rd(3.41%) * (1-Tc(0.26)))
Discount Rate = 9.31% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.19%
[DCF Debug] Terminal Value 77.44% ; FCFE base≈152.1m ; Y1≈187.6m ; Y5≈320.1m
Fair Price DCF = 146.7 (DCF Value 4.32b / Shares Outstanding 29.5m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 30.74 | EPS CAGR: -39.78% | SUE: -4.0 | # QB: 0
Revenue Correlation: 97.93 | Revenue CAGR: 15.84% | SUE: 0.59 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.31 | Chg30d=-0.019 | Revisions Net=+0 | Analysts=7
EPS next Year (2026-12-31): EPS=5.43 | Chg30d=-0.002 | Revisions Net=-2 | Growth EPS=+12.8% | Growth Revenue=+8.3%

Additional Sources for BMI Stock

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