Stocks Industrials BMI
NYSE · IndustrialsBadger Meter Inc (BMI)
Badger Meter Inc brought in $881.2M of revenue over the twelve months to September 30, 2026, down 2.2% from a year earlier. Net income was $126.5M, a net margin of 14.4%. Operating cash flow minus capital spending left $169.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $67.9M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 23, 2026.
Key facts about Badger Meter Inc
- Net worth
- Badger Meter Inc has a market value (market cap) of $4.6B at the latest share price, and shareholders' equity of $651.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $916.7M (+10.9% year on year), with net income of $141.6M. Over the 12 months to September 30, 2026: revenue $881.2M, net income $126.5M.
- Cash flow
- In fiscal 2025 operations brought in $183.7M of cash; after $14M of capital spending, free cash flow was $169.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 23, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Badger Meter Inc's next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Badger Meter Inc paid dividends of $1.48 per share in fiscal 2025, a yield of 0.94% at the current price.
What Badger Meter Inc does
Badger Meter Inc is registered with the SEC under industry code SIC 3824 (Totalizing Fluid Meters & Counting Devices). Its shares trade on NYSE under the ticker BMI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $916.7M | $141.6M | $4.79 | $169.7M |
| 2024 | $826.6M | $124.9M | $4.23 | $142.2M |
| 2023 | $703.6M | $92.6M | $3.14 | $98.1M |
| 2022 | $565.6M | $66.5M | $2.26 | $76.6M |
| 2021 | $505.2M | $60.9M | $2.08 | $80.8M |
| 2020 | $425.5M | $49.3M | $1.69 | $80.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BMI ranks in Industrials
Dividends
Badger Meter Inc paid $1.48 per share in fiscal 2025. At the current price that is a yield of 0.94%. It paid out $43.5M in cash dividends, 31% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.48 | $43.5M | 31% |
| 2024 | $1.22 | $35.8M | 29% |
| 2023 | $0.99 | $29.1M | 31% |
| 2022 | $0.85 | $24.9M | 37% |
| 2021 | $0.76 | $22.2M | 36% |
| 2020 | $0.70 | $20.3M | 41% |
Latest SEC filings
What Badger Meter Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 23, 2026Quarterly report 10-Q · period to September 30, 2026Revenue was flat at $235.9M versus the same quarter last year; diluted EPS $1.24 versus $1.19.
- October 22, 2026
- July 23, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 6.6% to $222.3M versus the same quarter last year; diluted EPS $1.02 versus $1.17.
- July 22, 2026
- June 22, 2026
- June 11, 2026
- May 28, 2026
- May 21, 2026
- May 12, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
What is BMI worth? A DCF from its reported cash flow
Insider trades
What the people running Badger Meter Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 30, 2026 | Callahan Edward F.VP-Engineering | Bought | 751 | $101.6K |
| April 27, 2026 | Stern James FDirector | Received as pay | 952 | $117.1K |
| April 27, 2026 | Brooks Henry FDirector | Received as pay | 952 | $117.1K |
| April 27, 2026 | Tellock Glen EDirector | Received as pay | 952 | $117.1K |
| April 27, 2026 | Myers Tessa M.Director | Received as pay | 952 | $117.1K |
| April 27, 2026 | McGill James WDirector | Received as pay | 952 | $117.1K |
| April 27, 2026 | Cook Melanie K.Director | Received as pay | 952 | $117.1K |
| April 23, 2026 | Wrocklage RobertEVP-N.A. Muncipal Utility | Bought | 1,000 | $122.4K |
Who owns BMI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 8.48% | April 28, 2026 |
| Vanguard Capital Management13G, passive | 5.23% | April 29, 2026 |
Largest institutional holders
Insiders
17 insiders reported holding 190,604 shares in total, about $30M at the last price.
| Holder | Shares |
|---|---|
| Bockhorst KennethChairman, President & CEO, Director | 51,932256 held indirectly |
| Bergum William R AVP-Gen. Counsel and Secretary | 28,55513,365 held indirectly |
| Wrocklage RobertEVP-N.A. Muncipal Utility | 23,493172 held indirectly |
| Begale Fred JVP-Utility NPD | 10,5097,505 held indirectly |
| Stoll Kimberly KVP-Cust Serv & GM SmartCover | 10,0246,501 held indirectly |
| Stern James FDirector | 8,551 |
| Tellock Glen EDirector | 8,551 |
| Stuyvenberg Matthew LEVP-SaaS Intl Utility & Comm'l | 7,7191,291 held indirectly |
| Htwe RichardVP-Global Operations | 7,603 |
| Hopkins SherylVP - Human Resources | 6,347677 held indirectly |
Questions about BMI
What does Badger Meter Inc do?
Badger Meter Inc is a company in the Industrials sector, listed on NYSE as BMI. Its shares trade on NYSE under the ticker BMI.
What is Badger Meter Inc's net worth?
Badger Meter Inc has a market value (market cap) of $4.6B at the latest share price, and shareholders' equity of $651.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Badger Meter Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $126.5M on revenue of $881.2M, a net margin of 14.4%.
How much revenue does Badger Meter Inc make?
Over the twelve months to September 30, 2026 Badger Meter Inc reported revenue of $881.2M. That is 2.2% less than a year earlier.
When did Badger Meter Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 23, 2026. It covers the period to September 30, 2026.
When is Badger Meter Inc's next earnings report?
Badger Meter Inc's next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Badger Meter Inc pay a dividend?
Yes. Badger Meter Inc paid dividends of $1.48 per share in fiscal 2025, a yield of 0.94% at the current price.
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Where the numbers come from
Financial figures are the values Badger Meter Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.