What is Badger Meter's market cap?

Badger Meter (BMI) has a market capitalization of $4.2B and trades on NYSE.

What is Badger Meter's revenue and profitability?

Badger Meter generated $896.7M in trailing twelve-month revenue with net income of $130.6M, representing a net margin of 14.6%. Gross margin stands at 41.4%, with free cash flow of $169.1M. These figures are based on the Q1 2026 filing.

Who are Badger Meter's competitors?

Badger Meter's key competitors include Itron Inc., Xylem Inc., Mueller Water Products Inc., and others. These companies compete in similar markets and product categories.

Who does Badger Meter partner with?

Badger Meter's notable partners include International Association of Machinists.

What subsidiaries does Badger Meter have?

Badger Meter's subsidiaries include SmartCover.

Where is Badger Meter headquartered?

Badger Meter is headquartered in United States of America and employs approximately 2,140 people. It has been publicly traded since 1972.

Badger Meter

BMI

Badger Meter is a global provider of water management solutions, specializing in flow measurement, water quality monitoring, and control technologies.

Market cap

$4.22B-41.0%

Revenue$896.7M+5.2%

Net income$130.6M-2.7%

Free cash flow$169.1M+10.2%

EPS (diluted)$4.43-2.4%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 17, 2026

Revenue$202.3MMiss by $27.3M EPS$0.93Miss by $0.27

Read the full report

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$220.2M

EPS estimate$1.01

Financials

Q1 2026

Income statement

See full

Revenue$202.3M-9.0%

Gross profit$84.3M-11.6%

Operating income$35.2M-28.8%

Net income$27.3M-28.8%

EPS (diluted)$0.93-28.5%

Balance sheet

See full

Cash & equivalents$205.5M+56.4%

Total equity$690.4M+7.6%

Total assets$970.8M+7.9%

Cash flow

See full

Operating cash flow$33.9M+2.6%

CapEx$4.4M+49.3%

Free cash flow$29.5M-2.0%

Valuation & ratios

Valuation

See full

Market cap$4.22B-41.0%

P/E32.3×-20.4×

P/S4.7×-3.5×

Profitability

See full

Gross margin41.4%+0.6pp

Operating margin18.9%-1.2pp

Net margin14.6%-1.2pp

FCF margin18.9%+0.8pp

Returns & leverage

See full

Return on equity19.6%-3.2pp

Current ratio3×+0.1×

Segments

By geography

See full

Europe$11.6M+21.6%

Asia$4.2M+35.0%

Middle East$3.2M+29.7%

Other Geographical Areas$689.0K+1.8%

Competitors

By market cap

Emerson Electric$76.4B-2.8%

ROP

Roper Technologies, Inc.$35.8B-41.9%

Xylem$28.2B-12.4%

Hubbell$25.4B+14.7%

Veralto$22.5B-12.4%

Badger Meter$4.2B-41.0%

Mueller Water Products$3.9B-0.3%

Itron$3.7B-39.8%

By revenue growth

ROP

Roper Technologies, Inc.+12.1%

Hubbell+7.2%

Mueller Water Products+6.6%

Veralto+5.9%

Xylem+5.7%

Badger Meter+5.2%

Emerson Electric+4.0%

Itron-4.0%

By net margin

ROP

Roper Technologies, Inc.21.12%+0.4pp

Veralto17.33%+0.8pp

Hubbell15.1%+0.7pp

Badger Meter14.56%-1.2pp

Mueller Water Products14.17%+3.7pp

Emerson Electric13.35%-0.3pp

Itron12.32%+2.0pp

Xylem10.79%+0.3pp

Profile

Badger Meter is a global provider of water management solutions, specializing in flow measurement, water quality monitoring, and control technologies. The company offers a comprehensive suite of hardware and software-delivered insights that enable water utilities and industrial customers to optimize operations and manage water resources sustainably. Its core value proposition centers on connecting measurement hardware with digital connectivity and analytics to provide a holistic view of the water cycle.

Competitive position

A leading innovator in water technology with a dominant position in the North American municipal water market and a first-mover advantage in cellular-based AMI solutions.

GeographiesNorth America, Europe, Middle East, Asia

Customer segmentsMunicipalities, Industrial Enterprises, Commercial Real Estate

Business modelHardware-enabled SaaS, Manufacturing, Network as a Service (NaaS)

SuppliersMetal casting suppliers (brass, aluminum, stainless steel), Plastic resin providers, Microprocessor and electronic subassembly manufacturers, Cellular network providers

CustomersMunicipal water departments, Industrial manufacturing plants, HVAC system integrators, Residential and commercial property owners

CountryUnited States of America

Listed1972

Employees2.1K

CEOKenneth C. Bockhorst

SectorTechnology

IndustryHardware, Equipment & Parts

Websitebadgermeter.com

FilingsSEC EDGAR

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Questions, answered.

What is Badger Meter's market cap?: Badger Meter (BMI) has a market capitalization of $4.2B and trades on NYSE.
What is Badger Meter's revenue and profitability?: Badger Meter generated $896.7M in trailing twelve-month revenue with net income of $130.6M, representing a net margin of 14.6%. Gross margin stands at 41.4%, with free cash flow of $169.1M. These figures are based on the Q1 2026 filing.
Who are Badger Meter's competitors?: Badger Meter's key competitors include Itron Inc., Xylem Inc., Mueller Water Products Inc., and others. These companies compete in similar markets and product categories.
Who does Badger Meter partner with?: Badger Meter's notable partners include International Association of Machinists.
What subsidiaries does Badger Meter have?: Badger Meter's subsidiaries include SmartCover.
Where is Badger Meter headquartered?: Badger Meter is headquartered in United States of America and employs approximately 2,140 people. It has been publicly traded since 1972.