Badger Meter Inc (BMI) company profile
Close on Nov 13, 2026Market cap $4.42BP/E 32.3Yield 0.96%
About Badger Meter
Totalizing Fluid Meters & Counting Devices, SIC 3824
Badger Meter, Inc. provides flow measurement, water quality monitoring, control, and communication solutions. The company operates through two main product lines: Utility Water and Flow Instrumentation. Offerings encompass water meters, radio communication endpoints, acoustic leak and pressure sensors, sewer overflow monitors, valves, and cloud-based analytics software. In addition, the business delivers technical support, project management, and training services. Its customer base consists of municipal water utilities, commercial clients, and industrial enterprises across sectors such as wastewater treatment, building automation, and HVAC.
Operating on a global scale, the company maintains manufacturing, sales, and distribution facilities across multiple countries, including the United States, Germany, Austria, Mexico, the Czech Republic, and Switzerland. It also conducts development activities in Sweden and operates customer support and sales offices in locations such as China, Singapore, the United Kingdom, Denmark, and the United Arab Emirates. North America represents its largest geographic market. The business employed 2,477 individuals as of year-end 2025. Corporate headquarters are not specified in the text.
Summary of the business section of Badger Meter's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Badger Meter Inc
- Founded
- 1905
- Headquarters
- Milwaukee, WI
- Address
- 4545 West Brown Deer Road 53223
- Phone
- (414) 371-5702
- Website
- badgermeter.com
- Employees
- 2,477, Dec 31, 2025
- Industry
- Totalizing Fluid Meters & Counting Devices
- Incorporated in
- Wisconsin
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Milwaukee, Wisconsin
Stock & identifiers
- Ticker
- BMI
- Exchange
- NYSE
- Shares outstanding
- 29M, Oct 9, 2026
- Public float
- $7.18B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Sep 16, 2016; 2-for-1, Jun 16, 2006; 2-for-1, Dec 13, 2004; 2-for-1, Apr 21, 1997
- SEC CIK
- 9092
- CUSIP
- 056525108
- ISIN
- US0565251081
- FIGI
- BBG000BDGHD9
- Share class FIGI
- BBG001S5P8Q2
- LEI
- 5493002JENE20OGTUG20
- EIN
- 39-0143280
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Kenneth Bockhorst | Chairman, President & CEO, Director | 51,932 |
| Edward F. Callahan | VP-Engineering | 1,937 |
| William R. A. Bergum | VP-Gen. Counsel and Secretary | 28,601 |
| Robert Wrocklage | EVP-N.A. Muncipal Utility | 23,493 |
| Christina M. Tarantino | VP-Controller | 1,801 |
| Richard Htwe | VP-Global Operations | 7,603 |
| Daniel R. Weltzien | VP-CFO & Treasurer | 5,564 |
| Kimberly K. Stoll | VP-Cust Serv & GM SmartCover | 10,024 |
| Matthew L. Stuyvenberg | EVP-SaaS Intl Utility & Comm'l | 7,719 |
| Sheryl Hopkins | VP - Human Resources | 5,978 |
| Fred J. Begale | VP-Utility NPD | 10,509 |
| Karen M. Bauer | VP-IR, Strategy & Treasurer | 5,228 |
| Xia Liu | Director | 0 |
| Todd A. Adams | Director | 0 |
| Henry F. Brooks | Director | 3,237 |
| Glen E. Tellock | Director | 8,551 |
| Melanie K. Cook | Director | 3,237 |
| Tessa M. Myers | Director | 5,913 |
| James F. Stern | Director | 8,551 |
| James W. McGill | Director | 4,893 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $5.93M | $6.29M | $1.17M | $192 | $178 |
| FY2024 | $5.08M | $9.64M | $1.10M | $232 | $154 |
| FY2023 | $4.54M | $8.02M | $931.56K | $168 | $126 |
| FY2022 | $3.94M | $4.51M | $809.65K | $118 | $95 |
| FY2021 | $3.67M | $4.75M | $802.39K | $114 | $123 |
| FY2020 | $2.06M | $3.39M | $532.89K | $146 | $118 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Kenneth C. Bockhorst Chairman, President & CEO | $880.00K | $3.04M | $1.74M | $270.25K | $5.93M | +17% |
| Robert A. Wrocklage Senior Vice President - Chief Financial Officer | $500.00K | $709.59K | $629.30K | $113.51K | $1.95M | +8% |
| Sheryl L. Hopkins Vice President - Human Resources | $360.00K | $228.19K | $323.64K | $72.84K | $984.67K | +6% |
| Kimberly K. Stoll Vice President - Sales and Marketing | $325.00K | $228.19K | $262.96K | $73.90K | $890.04K | +7% |
| William R. A. Bergum Vice President - General Counsel | $300.00K | $228.19K | $269.70K | $69.89K | $867.78K | – |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“The Company and its subsidiaries employed 2,477 persons at December 31, 2025.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 6, 2012 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 16, 2008 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 16, 2008 | Listing | Registration of securities on an exchange (Form 8-A) |
| Apr 25, 2008 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| May 26, 1998 | Listing | Registration of securities on an exchange (Form 8-A) |
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