BMI
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What they do
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market. It also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids, including water, air, steam.
For information only · Important disclosures
Grades vs sector
Momentum12th percentile in sectorD-
Percentile within its GICS sector across the S&P 1500.
Growth5th percentile in sectorF
Percentile within its GICS sector across the S&P 1500.
Value40th percentile in sectorC-
Percentile within its GICS sector across the S&P 1500.
Profitability63rd percentile in sectorB-
Percentile within its GICS sector across the S&P 1500.
RevisionsNot enough data yet–
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 5 live models right now.
News
More newsKey stats
Valuation and fundamentals
Valuation & fundamentals
Discounted cash flow
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Edit assumptions · recalculates instantly
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.64 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Information Technology
cheaper
pricier
pricier
cheaper
pricier
cheaper
Forward EPS $4.96 vs trailing $4.28 (+16% expected growth). Forward P/E uses analysts' next-12-month estimate.
Backlog (remaining performance obligations)
Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).
Quality & financial health
Piotroski F-score 6/9 · last two fiscal years
Altman Z-score 139.6 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $916.7M | $141.6M | $169.7M |
| 2024 | $826.6M | $124.9M | $142.2M |
| 2023 | $703.6M | $92.6M | $98.1M |
| 2022 | $565.6M | $66.5M | $76.6M |
| 2021 | $505.2M | $60.9M | $80.8M |
| 2020 | $425.5M | $49.3M | $80.5M |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +17.5%.
Earnings
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-07-22 | 1.01 | 1.02 | +0.7% |
| 2026-04-17 | 1.22 | 0.93 | -24.0% |
| 2026-01-28 | 1.16 | 1.14 | -1.5% |
| 2025-10-21 | 1.14 | 1.19 | +4.6% |
| 2025-07-22 | 1.25 | 1.17 | -6.7% |
| 2025-04-17 | 1.05 | 1.30 | +23.3% |
| 2025-01-31 | 1.10 | 1.04 | -5.1% |
| 2024-10-17 | 1.11 | 1.08 | -2.7% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $222.3M | -6.6% |
| 2026-03-31 | $202.3M | – |
| 2025-12-31 | $220.7M | – |
| 2025-09-30 | $235.7M | – |
| 2025-06-30 | $238.1M | – |
Rating changes
Third-party analyst actions, not Coteau's views. All rating changes
Recent dividends
Insider trades
$101.6K
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Stats refreshed 2026-10-21 18:02:19 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app
Beta 0.9 · Oct 21, 2026