BADGER METER INC (BMI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BMI • US0565251081

153.05 USD
+2.47 (+1.64%)
At close: Feb 10, 2026
153.05 USD
0 (0%)
After Hours: 2/10/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

Taking everything into account, BMI scores 7 out of 10 in our fundamental rating. BMI was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. BMI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BMI has a correct valuation and a medium growth rate. These ratings could make BMI a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • BMI had positive earnings in the past year.
  • BMI had a positive operating cash flow in the past year.
  • Each year in the past 5 years BMI has been profitable.
  • In the past 5 years BMI always reported a positive cash flow from operatings.
BMI Yearly Net Income VS EBIT VS OCF VS FCFBMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • The Return On Assets of BMI (14.55%) is better than 95.12% of its industry peers.
  • BMI's Return On Equity of 19.86% is amongst the best of the industry. BMI outperforms 90.24% of its industry peers.
  • The Return On Invested Capital of BMI (16.73%) is better than 94.31% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BMI is significantly above the industry average of 8.90%.
  • The 3 year average ROIC (16.29%) for BMI is below the current ROIC(16.73%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 14.55%
ROE 19.86%
ROIC 16.73%
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
BMI Yearly ROA, ROE, ROICBMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.45%, BMI belongs to the top of the industry, outperforming 93.50% of the companies in the same industry.
  • BMI's Profit Margin has improved in the last couple of years.
  • BMI has a Operating Margin of 20.01%. This is amongst the best in the industry. BMI outperforms 96.75% of its industry peers.
  • In the last couple of years the Operating Margin of BMI has grown nicely.
  • BMI has a Gross Margin of 41.68%. This is in the better half of the industry: BMI outperforms 71.54% of its industry peers.
  • BMI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 20.01%
PM (TTM) 15.45%
GM 41.68%
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
BMI Yearly Profit, Operating, Gross MarginsBMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BMI is still creating some value.
  • The number of shares outstanding for BMI has been increased compared to 1 year ago.
  • The number of shares outstanding for BMI has been increased compared to 5 years ago.
  • BMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BMI Yearly Shares OutstandingBMI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
BMI Yearly Total Debt VS Total AssetsBMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • There is no outstanding debt for BMI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC1.77
WACC9.46%
BMI Yearly LT Debt VS Equity VS FCFBMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • BMI has a Current Ratio of 3.36. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 3.36, BMI is doing good in the industry, outperforming 68.29% of the companies in the same industry.
  • A Quick Ratio of 2.36 indicates that BMI has no problem at all paying its short term obligations.
  • The Quick ratio of BMI (2.36) is better than 63.41% of its industry peers.
Industry RankSector Rank
Current Ratio 3.36
Quick Ratio 2.36
BMI Yearly Current Assets VS Current LiabilitesBMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • BMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.48%, which is quite good.
  • The Earnings Per Share has been growing by 23.07% on average over the past years. This is a very strong growth
  • The Revenue has grown by 10.90% in the past year. This is quite good.
  • Measured over the past years, BMI shows a quite strong growth in Revenue. The Revenue has been growing by 16.59% on average per year.
EPS 1Y (TTM)13.48%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%9.62%
Revenue 1Y (TTM)10.9%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%7.57%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.19% on average over the next years. This is quite good.
  • Based on estimates for the next years, BMI will show a quite strong growth in Revenue. The Revenue will grow by 8.22% on average per year.
EPS Next Y7.84%
EPS Next 2Y8.28%
EPS Next 3Y9.04%
EPS Next 5Y11.19%
Revenue Next Year5.42%
Revenue Next 2Y5.79%
Revenue Next 3Y6.5%
Revenue Next 5Y8.22%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BMI Yearly Revenue VS EstimatesBMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
BMI Yearly EPS VS EstimatesBMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • BMI is valuated quite expensively with a Price/Earnings ratio of 31.89.
  • Compared to the rest of the industry, the Price/Earnings ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 65.85% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (28.03), we can say BMI is valued inline with the index average.
  • The Price/Forward Earnings ratio is 29.57, which means the current valuation is very expensive for BMI.
  • Based on the Price/Forward Earnings ratio, BMI is valued a bit cheaper than the industry average as 61.79% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. BMI is around the same levels.
Industry RankSector Rank
PE 31.89
Fwd PE 29.57
BMI Price Earnings VS Forward Price EarningsBMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BMI is valued a bit cheaper than 65.85% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 75.61% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 26.58
EV/EBITDA 19.32
BMI Per share dataBMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • BMI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.07
PEG (5Y)1.38
EPS Next 2Y8.28%
EPS Next 3Y9.04%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.10%, BMI has a reasonable but not impressive dividend return.
  • BMI's Dividend Yield is rather good when compared to the industry average which is at 0.48. BMI pays more dividend than 86.99% of the companies in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.80, BMI is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.1%

5.2 History

  • On average, the dividend of BMI grows each year by 16.16%, which is quite nice.
  • BMI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • BMI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)16.16%
Div Incr Years18
Div Non Decr Years18
BMI Yearly Dividends per shareBMI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

  • 30.73% of the earnings are spent on dividend by BMI. This is a low number and sustainable payout ratio.
  • BMI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.73%
EPS Next 2Y8.28%
EPS Next 3Y9.04%
BMI Yearly Income VS Free CF VS DividendBMI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
BMI Dividend Payout.BMI Dividend Payout, showing the Payout Ratio.BMI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BADGER METER INC

NYSE:BMI (2/10/2026, 8:04:00 PM)

After market: 153.05 0 (0%)

153.05

+2.47 (+1.64%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners102%
Inst Owner Change1.68%
Ins Owners0.51%
Ins Owner Change0.53%
Market Cap4.51B
Revenue(TTM)916.66M
Net Income(TTM)141.63M
Analysts77.5
Price Target184.44 (20.51%)
Short Float %6.82%
Short Ratio6.29
Dividend
Industry RankSector Rank
Dividend Yield 1.1%
Yearly Dividend1.48
Dividend Growth(5Y)16.16%
DP30.73%
Div Incr Years18
Div Non Decr Years18
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-3.05%
Max EPS beat(2)3.55%
EPS beat(4)2
Avg EPS beat(4)3.71%
Min EPS beat(4)-7.6%
Max EPS beat(4)21.92%
EPS beat(8)4
Avg EPS beat(8)4.09%
EPS beat(12)8
Avg EPS beat(12)6.31%
EPS beat(16)10
Avg EPS beat(16)5.24%
Revenue beat(2)1
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-5.83%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-5.83%
Max Revenue beat(4)0.62%
Revenue beat(8)4
Avg Revenue beat(8)0.46%
Revenue beat(12)7
Avg Revenue beat(12)2.21%
Revenue beat(16)10
Avg Revenue beat(16)2.16%
PT rev (1m)-17.14%
PT rev (3m)-18.74%
EPS NQ rev (1m)-5.52%
EPS NQ rev (3m)-5.16%
EPS NY rev (1m)-5.4%
EPS NY rev (3m)-5.59%
Revenue NQ rev (1m)-3.79%
Revenue NQ rev (3m)-3.8%
Revenue NY rev (1m)-2.83%
Revenue NY rev (3m)-2.83%
Valuation
Industry RankSector Rank
PE 31.89
Fwd PE 29.57
P/S 4.92
P/FCF 26.58
P/OCF 24.55
P/B 6.32
P/tB 12.56
EV/EBITDA 19.32
EPS(TTM)4.8
EY3.14%
EPS(NY)5.18
Fwd EY3.38%
FCF(TTM)5.76
FCFY3.76%
OCF(TTM)6.23
OCFY4.07%
SpS31.1
BVpS24.2
TBVpS12.19
PEG (NY)4.07
PEG (5Y)1.38
Graham Number51.13
Profitability
Industry RankSector Rank
ROA 14.55%
ROE 19.86%
ROCE 22.29%
ROIC 16.73%
ROICexc 23.07%
ROICexgc 56.71%
OM 20.01%
PM (TTM) 15.45%
GM 41.68%
FCFM 18.51%
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
ROICexc(3y)25.01%
ROICexc(5y)21.97%
ROICexgc(3y)48.48%
ROICexgc(5y)42.11%
ROCE(3y)21.7%
ROCE(5y)20.07%
ROICexgc growth 3Y19.06%
ROICexgc growth 5Y16.93%
ROICexc growth 3Y7.68%
ROICexc growth 5Y9.3%
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
F-Score6
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 40.56%
Cap/Sales 1.53%
Interest Coverage 250
Cash Conversion 84.26%
Profit Quality 119.8%
Current Ratio 3.36
Quick Ratio 2.36
Altman-Z N/A
F-Score6
WACC9.46%
ROIC/WACC1.77
Cap/Depr(3y)41.03%
Cap/Depr(5y)33.95%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.43%
Profit Quality(3y)113.19%
Profit Quality(5y)117.47%
High Growth Momentum
Growth
EPS 1Y (TTM)13.48%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%9.62%
EPS Next Y7.84%
EPS Next 2Y8.28%
EPS Next 3Y9.04%
EPS Next 5Y11.19%
Revenue 1Y (TTM)10.9%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%7.57%
Revenue Next Year5.42%
Revenue Next 2Y5.79%
Revenue Next 3Y6.5%
Revenue Next 5Y8.22%
EBIT growth 1Y16.14%
EBIT growth 3Y28.08%
EBIT growth 5Y22.98%
EBIT Next Year29.76%
EBIT Next 3Y15.99%
EBIT Next 5Y14.46%
FCF growth 1Y19.31%
FCF growth 3Y30.38%
FCF growth 5Y16.08%
OCF growth 1Y18.49%
OCF growth 3Y30.61%
OCF growth 5Y15.45%

BADGER METER INC / BMI FAQ

What is the fundamental rating for BMI stock?

ChartMill assigns a fundamental rating of 7 / 10 to BMI.


Can you provide the valuation status for BADGER METER INC?

ChartMill assigns a valuation rating of 4 / 10 to BADGER METER INC (BMI). This can be considered as Fairly Valued.


Can you provide the profitability details for BADGER METER INC?

BADGER METER INC (BMI) has a profitability rating of 9 / 10.


Can you provide the expected EPS growth for BMI stock?

The Earnings per Share (EPS) of BADGER METER INC (BMI) is expected to grow by 7.84% in the next year.


How sustainable is the dividend of BADGER METER INC (BMI) stock?

The dividend rating of BADGER METER INC (BMI) is 6 / 10 and the dividend payout ratio is 30.73%.