Badger Meter, Inc.
BMITechnologyNASDAQScientific & Technical Instruments · Last scanned Jul 18, 2026
Headquartered within the technology sector, Badger Meter, Inc. focuses on Scientific & Technical Instruments services and products. Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The $4.36B market capitalization puts BMI squarely in mid-cap range for its industry. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market.
Market Cap
$4.36B
Beta
0.64
P/E (TTM)
34.28
P/E (Fwd)
28.96
EPS (TTM)
$4.36
EPS (Fwd)
$5.16
ROE
19.6%
ROA
11.3%
Cash
$205.5M
Total Debt
$10.8M
Free CF
$141.0M
52W Change
-38.8%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $205.5M in cash comfortably exceeding the $10.8M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Annual free cash flow of $141.0M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. 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 0.64 suggests BMI is a less volatile holding compared to the broader index. With cash comfortably exceeding debt, BMI has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing BMI.