Badger Meter BMI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 41.4%-0.3pp | 41.7%+0.4pp | 41.3%+0.1pp | 41.2%+0.4pp | 40.8%+0.9pp | |
| Operating margin | 18.9%-1.1pp | 20%+0.1pp | 19.9%0.0pp | 19.9%-0.1pp | 20%+0.9pp | |
| Net margin | 14.6%-0.9pp | 15.5%+0.1pp | 15.4%-0.1pp | 15.5%-0.2pp | 15.7%+0.6pp | |
| Returns | ||||||
| Return on equity | 19.6%-1.9pp | 21.5%0.0pp | 21.5%-0.4pp | 21.9%-0.9pp | 22.8%+0.5pp | |
| Efficiency | ||||||
| Asset turnover | 1×-0.1× | 1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | |
| Liquidity | ||||||
| Current ratio | 3×-0.4× | 3.4×+0.1× | 3.2×0.0× | 3.2×+0.3× | 2.9×-1.7× | |
| Per Share | ||||||
| Book value per share | $23.51-2.5% | $24.12+1.6% | $23.75+3.7% | $22.90+5.5% | $21.70+5.7% | |
| Valuation | ||||||
| Market capitalization | $4.45B-13.5% | $5.14B-2.3% | $5.26B-27.7% | $7.28B+30.1% | $5.6B-10.3% | |
| Price / earnings | 34×-2.2× | 36.3×-1.6× | 37.9×-15.7× | 53.6×+11.9× | 41.7×-8.2× | |
| Price / sales | 5×-0.6× | 5.6×-0.2× | 5.8×-2.5× | 8.3×+1.8× | 6.6×-1.0× | |
| Price / book | 6.4×-0.8× | 7.2×-0.3× | 7.5×-3.3× | 10.7×+2.0× | 8.7×-1.6× | |
| Dividend yield | 1%+0.2pp | 0.8%+0.1pp | 0.8%+0.2pp | 0.5%-0.1pp | 0.7%+0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Badger Meter's profit margins?
- Badger Meter (BMI) runs a 41.4% gross margin and a 18.9% operating margin, with a 14.6% net margin.
- Where do Badger Meter's ratios come from?
- Every ratio is computed from Badger Meter's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
