Badger Meter, Inc. (BMI)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 426 | 505 | 566 | 704 | 827 | 917 | 881 | 910 |
| Operating profit | $m | 183 | 164 | ||||||
| Net profit | $m | 49 | 61 | 66 | 93 | 125 | 142 | 126 | 132 |
| EPS reported | $ | 4.79 | 4.28 | ||||||
| Operating cashflow per share | $ | 6.25 | 5.74 | ||||||
| Capex per share | $ | 0.48 | 0.56 | ||||||
| FCF per share | $ | 5.77 | 5.17 | ||||||
| Free cash flow | $m | 170 | 150 | ||||||
| Net debt | $m | -226 | -96 | ||||||
| Book value equity | $m | 713 | 683 | ||||||
| Book value per share | $ | 24.12 | 23.44 | ||||||
| Number of shares | m | 29.57 | 29.14 | ||||||
| DPS (TTM paid) | $ | 1.48 | 1.64 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 36.41 | 29.56 | ||||||
| P/B LTM | x | 7.19 | 7.51 | ||||||
| P/S LTM | x | 5.59 | 5.82 | ||||||
| P/FCF LTM | x | 30.22 | 34.14 | ||||||
| EV/EBITDA LTM | x | 21.96 | 24.75 | ||||||
| EV/Sales LTM | x | 5.35 | 4.25 | ||||||
| Earnings Yield LTM | % | +2.75% | +3.38% | ||||||
| FCF Yield | % | +3.31% | +2.93% | ||||||
| Quality | |||||||||
| ROE | % | +19.86% | +18.03% | ||||||
| ROIC | % | +16.73% | +14.81% | ||||||
| Operating margin | % | +20.01% | +18.58% | ||||||
| Gross margin | % | +41.68% | +41.31% | ||||||
| FCF/Sales | % | +18.51% | +17.05% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +13.24% | +1.18% | ||||||
| Sales Growth YoY | % | +10.90% | +6.58% | ||||||
| Net Income Growth YoY | % | +13.36% | +0.61% | ||||||
| FCF Growth | % | +19.31% | +5.62% | ||||||
| Operating Profit Growth | % | +16.14% | +3.64% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +0.85% | +1.24% | ||||||
| Dividend Growth | % | +21.31% | +34.43% | ||||||
| Payout Ratio | % | +30.73% | +37.19% | ||||||
| FCF/Debt | x | - | - | ||||||
| Net Debt/EBITDA | x | -1.01 | -0.48 | ||||||
| EBIT/Net interest | x | 0.00 | 0.00 | ||||||
| Net debt/market cap | % | 0.00% | 0.00% | ||||||
| Net debt/Equity | x | -0.32 | -0.14 | ||||||
| Gross debt/equity | x | 0.00 | 0.00 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies. Additionally, Badger Meter engineers and produces a variety of flow instrumentation devices, including meters, valves, and sensing tools. These instruments are vital for measuring and controlling the flow of various substances—from water, air, and steam to oil and other liquids and gases—within industrial piping and pipelines. They are incorporated by original equipment manufacturers (OEMs) as primary measurement components within their products or systems and distributed through manufacturer representatives. Key applications for this instrumentation span water/wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems, and corporate sustainability efforts. The company further innovates with its ORION suite of automatic meter reading (AMR) technologies, encompassing ORION Migratable, ORION (SE) for traditional fixed networks, and ORION Cellular for infrastructure-free fixed network solutions. Its BEACON advanced metering analytics platform, a secure cloud-hosted software, empowers users with alerts for specified conditions and consumer engagement tools to visualize and manage water usage. Serving a broad customer base, including water utilities, industrial clients, and other sectors, Badger Meter sells its offerings directly and through a network of resellers and representatives. Founded in 1905, Badger Meter, Inc. is headquartered in Milwaukee, Wisconsin.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies. Additionally, Badger Meter engineers and produces a variety of flow instrumentation devices, including meters, valves, and sensing tools. These instruments are vital for measuring and controlling the flow of various substances—from water, air, and steam to oil and other liquids and gases—within industrial piping and pipelines. They are incorporated by original equipment manufacturers (OEMs) as primary measurement components within their products or systems and distributed through manufacturer representatives. Key applications for this instrumentation span water/wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems, and corporate sustainability efforts. The company further innovates with its ORION suite of automatic meter reading (AMR) technologies, encompassing ORION Migratable, ORION (SE) for traditional fixed networks, and ORION Cellular for infrastructure-free fixed network solutions. Its BEACON advanced metering analytics platform, a secure cloud-hosted software, empowers users with alerts for specified conditions and consumer engagement tools to visualize and manage water usage. Serving a broad customer base, including water utilities, industrial clients, and other sectors, Badger Meter sells its offerings directly and through a network of resellers and representatives. Founded in 1905, Badger Meter, Inc. is headquartered in Milwaukee, Wisconsin.
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