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Badger Meter, Inc.

BMITechnologyNASDAQ

Scientific & Technical Instruments

PriceMA150MA200
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Financials · Annual
Revenue
$916.7M
+10.9% YoY
Net Income
$141.6M
+13.4% YoY
EBITDA
$218.0M
+14.7% YoY
Free Cash Flow
$141.0M

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About Badger Meter, Inc.

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company carries a $3.62B market cap, placing it firmly in the mid-cap category. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market.

Key stats
Market Cap$3.62B
P/E (TTM)28.03
Fwd P/E23.89
EPS$4.42
Beta0.68
52W Change-50.8%
Dividend Yield1.29%
ROE19.6%
Analysis

Badger Meter, Inc. reports $205.5M in cash and $0 in total debt. Free cash flow comes in at $141.0M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 19.6% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 11.3% further supports the picture of efficient asset utilization. Revenue has grown from $565.6M (2022) to $916.7M (2025), reflecting a 62% increase over the period.

The relatively low beta of 0.68 suggests BMI is a less volatile holding compared to the broader index. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Badger Meter, Inc.'s trajectory.

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