Badger Meter BMI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 41.4%+0.6pp | 41.7%+1.9pp | 41.3%+1.7pp | 41.2%+1.9pp | 40.8%+1.5pp | |
| Operating margin | 18.9%-1.2pp | 20%+0.9pp | 19.9%+1.2pp | 19.9%+1.8pp | 20%+2.5pp | |
| Net margin | 14.6%-1.2pp | 15.5%+0.3pp | 15.4%+0.6pp | 15.5%+1.1pp | 15.7%+1.9pp | |
| EBITDA margin | 20.1%-1.2pp | 21.2%+0.8pp | 21.2%+1.0pp | 21.2%+1.6pp | 21.3%+2.3pp | |
| Free cash flow margin | 18.9%+0.8pp | 18.5%+1.3pp | 18.5%+2.2pp | 18.3%+3.3pp | 18%+4.1pp | |
| Returns | ||||||
| Return on equity | 19.6%-3.2pp | 21.5%-0.8pp | 21.5%-0.5pp | 21.9%+0.1pp | 22.8%+2.2pp | |
| Return on assets | 14%-2.4pp | 15.8%-0.5pp | 15.6%-0.4pp | 15.8%+0.1pp | 16.3%+1.5pp | |
| Efficiency | ||||||
| Asset turnover | 1×-0.1× | 1×-0.1× | 1×-0.1× | 1×-0.1× | 1×0.0× | |
| Inventory turnover | 3.2×0.0× | 3.6×+0.3× | 3.4×+0.2× | 3.3×+0.2× | 3.3×+0.2× | |
| Liquidity | ||||||
| Current ratio | 3×+0.1× | 3.4×-1.2× | 3.2×-0.9× | 3.2×-0.5× | 2.9×-0.6× | |
| Quick ratio | 2×+0.1× | 2.4×-1.0× | 2.2×-0.6× | 2.2×-0.3× | 1.9×-0.4× | |
| Cash ratio | 1.2×+0.3× | 1.5×-1.0× | 1.3×-0.7× | 1.2×-0.4× | 0.9×-0.5× | |
| Per Share | ||||||
| Book value per share | $23.51+8.3% | $24.12+17.5% | $23.75+18.7% | $22.90+20.1% | $21.70+19.5% | |
| Valuation | ||||||
| Market capitalization | $4.45B-20.5% | $5.14B-17.6% | $5.26B-18.1% | $7.28B+32.9% | $5.6B+17.8% | |
| Price / earnings | 34×-7.6× | 36.3×-13.6× | 37.9×-16.1× | 53.6×+5.1× | 41.7×-4.7× | |
| Price / sales | 5×-1.6× | 5.6×-1.9× | 5.8×-2.2× | 8.3×+1.3× | 6.6×+0.2× | |
| Price / book | 6.4×-2.3× | 7.2×-3.1× | 7.5×-3.4× | 10.7×+1.0× | 8.7×-0.1× | |
| Free cash flow yield | 3.8%+1.1pp | 3.3%+1.0pp | 3.2%+1.1pp | 2.2%+0.1pp | 2.7%+0.6pp | |
| Earnings yield | 2.9%+0.5pp | 2.8%+0.8pp | 2.6%+0.8pp | 1.9%-0.2pp | 2.4%+0.2pp | |
| Dividend yield | 1%+0.3pp | 0.8%+0.3pp | 0.8%+0.3pp | 0.5%0.0pp | 0.7%0.0pp |
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.
