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Badger Meter BMI Q1 2026 earnings

Reported April 17, 2026 · Before market open

Revenue$202.3MMiss by $27.3MDiluted EPS$0.93Miss by $0.27
Revenue estimate$229.6M
EPS estimate$1.20

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

as of 07/09/26
See full
Market cap$4.22B-20.5%
P/E32.3×-7.2×
P/S4.7×-1.5×

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%

Versus estimates

Revenue

Q1 2026$202.3MMiss by $27.3M
Q4 2025$220.7MMiss by $10.6MQ1 2025$222.2MBeat by $1.5MQ4 2024$205.2MMiss by $7.5MQ3 2024$208.4MMiss by $3.6MQ2 2024$216.7MBeat by $13.3M

Diluted EPS

Q1 2026$0.93Miss by $0.27
Q4 2025$1.14Miss by $0.01Q1 2025$1.30Beat by $0.23Q4 2024$1.04Beat by $0.03Q3 2024$1.08Miss by $0.03Q2 2024$1.12Beat by $0.09

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Questions, answered.

When did Badger Meter report Q1 2026 earnings?
Badger Meter (BMI) reported Q1 2026 earnings on April 17, 2026 before market open.
What were Badger Meter's Q1 2026 revenue and EPS?
Badger Meter reported revenue of $202.3M and diluted EPS of $0.93 for Q1 2026.
Did Badger Meter beat estimates in Q1 2026?
Revenue missed the consensus estimate of $229.6M by $27.3M. EPS missed the consensus estimate of $1.20 by $0.27.
How did Badger Meter's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.0% from $222.2M a year earlier and diluted EPS declined 28.5% from $1.30.
Where can I find Badger Meter's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-160389) and the 10-Q periodic report (0001193125-26-163625) directly on SEC EDGAR. The filing index links above go to sec.gov.