Stocks · Industrials · Industrial - Machinery
Badger Meter, Inc. BMI
$127.77 -0.47% Close, Oct 2, 2026 · NYSE · Market cap $3.70B
High qualityWeak trend
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 29.9× trailing earnings, lower than 90% of the company's own readings over the past five years.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Over the past year the stock returned -27.7%, behind the S&P 500 by 42.8 percentage points.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth26Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 23%
- EPS growth (TTM, YoY)Bottom 35%
- FCF growth (TTM, YoY)Bottom 37%
- Revenue growth, 3-year CAGRTop 16%
- Revenue growth accelerationBottom 11%
Quality93Exceptional
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 12%
- Gross marginTop 22%
- Operating marginTop 15%
- Cash conversion (OCF / net income)Bottom 39%
- Accruals (lower is better)Bottom 49%
- Net debt / EBITDA (lower is better)Top 14%
Value61Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 38%
- Free-cash-flow yieldTop 40%
- EBITDA / enterprise valueBottom 45%
- Sales / enterprise valueBottom 26%
- P/E vs own 5-year history (lower is better)Top 15%
Momentum15Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 17%
- 6-month returnBottom 22%
- 1-year return vs S&P 500Bottom 19%
- Distance from 52-week highBottom 31%
- Trend checklist (0–4)Bottom 15%
Revisions9Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 26%
- Consecutive EPS beatsBottom 39%
- Share of analysts rating BuyBottom 12%
- Upside to consensus price targetBottom 31%
Stability74Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 48%
- Maximum drawdown, 3 yearsBottom 42%
- Beta vs S&P 500 (lower is better)Top 11%
- Net debt / EBITDA (lower is better)Top 14%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.2% | 0.8% | ↓ |
| EPS growth (YoY) | -2.4% | -6.8% | ↓ |
| Gross margin | 41.2% | 41.3% | ↑ |
| Operating margin | 19.9% | 18.6% | ↓ |
| FCF margin | 18.3% | 17.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.8% | 5.2% | ↓ | Bottom 23% |
| EPS growth (TTM, YoY) | -6.8% | -2.4% | ↓ | Bottom 35% |
| Gross margin | 41.3% | 41.2% | ↑ | Top 22% |
| Operating margin | 18.6% | 19.9% | ↓ | Top 15% |
| Net margin | 14.3% | 15.5% | ↓ | — |
| Free-cash-flow margin | 17.0% | 18.3% | ↓ | — |
| Return on invested capital | 14.8% | — | Top 12% | |
| Revenue growth, 3-year CAGR | 17.5% | — | Top 16% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.33×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -4.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +2.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.48×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.26%
- Net buyback yield (TTM)
- 2.13%
- Shareholder yield
- 3.39%
- Share count change, 1 year
- -1.5%
- Share count change, 3-year CAGR
- -0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- -4.8%
- Average 2-day reaction, last 8
- -8.0%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $152.33
- Target vs current price
- +19.2%
- Analysts with a rating
- 18
- Share rating Buy or Strong Buy
- 28%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +1.0% | -13.2% | -7.7% | -13.7% | — |
| Apr 17, 2026 | -23.8% | -24.1% | -19.2% | -22.8% | -7.1% |
| Jan 28, 2026 | -0.9% | -11.0% | -10.3% | -5.2% | -25.2% |
| Oct 21, 2025 | +4.4% | -5.4% | -2.3% | -6.8% | -9.0% |
| Jul 22, 2025 | -5.9% | -16.5% | -21.5% | -23.9% | -27.0% |
| Apr 17, 2025 | +21.5% | +9.6% | +18.3% | +32.8% | +29.2% |
| Jan 31, 2025 | +3.0% | +2.6% | +3.5% | +0.8% | +3.5% |
| Oct 17, 2024 | -2.7% | -6.3% | -7.8% | +1.8% | -4.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $1.02 | $1.01 | +1.0% | $222.3M |
| Apr 17, 2026 | $0.93 | $1.22 | -23.8% | $202.3M |
| Jan 28, 2026 | $1.14 | $1.15 | -0.9% | $220.7M |
| Oct 21, 2025 | $1.19 | $1.14 | +4.4% | $235.7M |
| Jul 22, 2025 | $1.12 | $1.19 | -5.9% | $238.1M |
| Apr 17, 2025 | $1.30 | $1.07 | +21.5% | $222.2M |
| Jan 31, 2025 | $1.04 | $1.01 | +3.0% | $205.2M |
| Oct 17, 2024 | $1.08 | $1.11 | -2.7% | $208.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 29.9× | 49.5× | 10th | Top 38% |
| P/E (forward) | 28.7× | — | — | — |
| EV / EBITDA | 18.2× | — | — | Bottom 45% |
| EV / Sales | 4.10× | — | — | Bottom 26% |
| Free-cash-flow yield | 4.06% | — | — | Top 40% |
| Earnings yield | 3.35% | — | — | Top 38% |
P/E over the past five years
Range 25.6× – 62.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -27.7%
- Earnings per share growth (TTM)
- -6.8%
- Change in P/E multiple
- -31.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.3%
- 200-day average slope (20 days)
- -3.3%
- Distance from 50-day average
- -2.9%
- Distance from 200-day average
- -10.5%
- RSI (14)
- 46.3
- Relative volume
- 1.57×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 44.0%
- Volatility vs own 5-year history
- 87th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.54
- Correlation with S&P 500
- 0.21
- Current drawdown from 1-year high
- -32.0%
- Maximum drawdown, 3 years
- -55.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 3, 2025 | Apr 20, 2026 | -55.4% | 220 days | Not yet recovered |
| Dec 8, 2021 | Jun 16, 2022 | -33.5% | 131 days | 90 days (Oct 25, 2022) |
| Dec 11, 2024 | Apr 8, 2025 | -28.2% | 79 days | 24 days (May 13, 2025) |
| Aug 14, 2023 | Oct 18, 2023 | -20.5% | 46 days | 125 days (Apr 18, 2024) |
| Feb 24, 2021 | May 12, 2021 | -17.9% | 54 days | 125 days (Nov 8, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.70B
- P/E (TTM)
- 29.9
- EPS, diluted (TTM)
- $4.28
- Revenue (TTM)
- $881.0M
- Dividend yield
- 1.28%
- 52-week range
- $112.09 – $204.00
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $505.2M | $565.6M | $703.6M | $826.6M | $916.7M |
| Gross profit | $205.5M | $220.0M | $276.4M | $329.2M | $382.1M |
| Operating income | $78.7M | $87.3M | $118.0M | $157.9M | $183.4M |
| Net income | $60.9M | $66.5M | $92.6M | $124.9M | $141.6M |
| EPS (diluted) | $2.08 | $2.26 | $3.14 | $4.23 | $4.79 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208.4M | $205.2M | $222.2M | $238.1M | $235.7M | $220.7M | $202.3M | $222.3M |
| Net income | $32.0M | $30.7M | $38.4M | $34.6M | $35.1M | $33.6M | $27.3M | $29.7M |
| EPS (diluted) | $1.08 | $1.04 | $1.30 | $1.17 | $1.19 | $1.14 | $0.93 | $1.02 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $87.5M | $82.5M | $110.1M | $155.0M | $183.7M |
| Capital expenditure | -$6.7M | -$5.9M | -$12.0M | -$12.8M | -$14.0M |
| Free cash flow | $80.8M | $76.6M | $98.1M | $142.2M | $169.7M |
| Dividends paid | -$22.2M | -$24.9M | -$29.1M | -$35.8M | -$43.5M |
| Net share buybacks | -$388,000 | -$427,000 | $967,000 | $751,000 | -$14.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $95.7M
- Total assets
- $998.2M
- Total liabilities
- $315.3M
- Total debt
- $0
- Net debt
- -$95.7M
- Shareholders’ equity
- $683.1M
As of Jun 30, 2026 (filed Jul 23, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 28, 2026 | $0.44 | Sep 11, 2026 |
| May 22, 2026 | $0.40 | Jun 5, 2026 |
| Feb 27, 2026 | $0.40 | Mar 13, 2026 |
| Nov 21, 2025 | $0.40 | Dec 5, 2025 |
| Aug 22, 2025 | $0.40 | Sep 5, 2025 |
| May 23, 2025 | $0.34 | Jun 6, 2025 |
| Feb 28, 2025 | $0.34 | Mar 14, 2025 |
| Nov 22, 2024 | $0.34 | Dec 6, 2024 |
Short interest
- Shares sold short
- 3,818,128
- Days to cover
- 12.44
- Change vs previous report
- -14.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Sep 16, 2016
- 2-for-1
- Jun 16, 2006
- 2-for-1
- Dec 13, 2004
- 2-for-1
- Apr 21, 1997
- 2-for-1