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BMINYSETotalizing Fluid Meters & Counting DevicesFiscal year ends December 31

BADGER METER INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$126.26−0.22 (-0.17%)

Close on Oct 19, 2026

Market cap
$3.68B
P/E (TTM)
26.4
Dividend yield
1.17%

Badger Meter statistics

Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Totalizing Fluid Meters & Counting Devices companies for comparison

Valuation

MeasureBadger MeterIndustry median
Market Cap$3.66B$229.23M
Enterprise Value$3.56B$194.73M
PE Ratio26.3633.41
PS Ratio3.993.14
PB Ratio5.363.19
P/TBV Ratio16.814.69
P/FCF Ratio21.5727.25
P/OCF Ratio19.9222.23

Enterprise value

MeasureBadger MeterIndustry median
EV / Sales3.892.93
EV / EBITDA19.4319.97
EV / EBIT19.4325.47
EV / FCF21.0127.85

Income (trailing twelve months)

MeasureBadger MeterIndustry median
Revenue$916.66M$102.39M
Gross Profit$382.07M$60.36M
Operating Income$183.42M-$4.31M
Pretax Income$188.66M-$2.26M
Net Income$141.63M-$6.57M
EBITDA$183.42M-$1.98M
EPS (Diluted)$4.79-$0.07

Margins

MeasureBadger MeterIndustry median
Gross Margin41.7%55.1%
Operating Margin20.0%-6.04%
Pretax Margin20.6%-4.11%
Profit Margin15.5%-10.5%
EBITDA Margin20.0%-2.67%
FCF Margin18.5%-0.30%

Returns

MeasureBadger MeterIndustry median
Return on Equity (ROE)20.8%-19.2%
Return on Assets (ROA)14.6%-13.3%
Return on Invested Capital (ROIC)25.0%-4.11%
Return on Capital Employed (ROCE)22.2%-9.07%

Growth

MeasureBadger MeterIndustry median
Revenue Growth (YoY)10.9%8.85%
Net Income Growth (YoY)13.4%10.6%
EPS Growth (YoY)13.2%10.6%
FCF Growth (YoY)19.3%10.6%
Revenue Growth (3Y CAGR)17.5%7.08%
Revenue Growth (5Y CAGR)16.6%11.8%
EPS Growth (3Y CAGR)28.5%3.06%
EPS Growth (5Y CAGR)23.2%7.64%

Balance sheet

MeasureBadger MeterIndustry median
Cash & Short-Term Investments$95.73M$37.33M
Net Cash (Debt)$95.73M$3.92M
Net Cash Per Share$3.30$0.28
Equity (Book Value)$682.88M$57.36M
Book Value Per Share$23.56$2.81
Tangible Book Value$217.73M$10.71M
Working Capital$244.33M$54.64M

Financial position

MeasureBadger MeterIndustry median
Current Ratio2.422.50
Quick Ratio1.261.54

Cash flow (trailing twelve months)

MeasureBadger MeterIndustry median
Operating Cash Flow$183.70M-$653.46K
Capital Expenditures-$14.03M-$3.69M
Free Cash Flow$169.67M-$835.02K
FCF Per Share$5.85-$0.02

Efficiency

MeasureBadger MeterIndustry median
Asset Turnover0.950.59
Inventory Turnover3.292.21
Revenue Per Employee$370.07K$322.75K
Profits Per Employee$57.18K-$52.11K
Employee Count2,477197

Dividends and yields

MeasureBadger MeterIndustry median
Earnings Yield3.87%-6.92%
FCF Yield4.64%-0.62%
Dividend Yield1.17%0.81%
Buyback Yield0.41%0.78%
Shareholder Yield1.58%0.84%
Dividend Per Share$1.48$0.72
Dividend Growth (YoY)21.3%4.80%
Years of Dividend Growth110
Payout Ratio30.7%30.3%
FCF Payout Ratio25.7%21.9%

Shares

MeasureBadger MeterIndustry median
Shares Outstanding28,986,80044,856,700
Shares Change (YoY)0.12%3.35%
Float28,792,10036,934,400
Shares Held by Insiders0.67%10.6%
Shares Held by Institutions112.8%63.5%

Taxes

MeasureBadger MeterIndustry median
Income Tax$47.02M$1.52M
Effective Tax Rate24.9%18.6%

Scores

MeasureBadger MeterIndustry median
Graham Number$50.39$34.37
Graham Upside-60.1%-58.3%
Altman Z-Score9.741.95
Piotroski F-Score55

Calculated by StockData from Badger Meter's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.