Badger Meter Inc (BMI)

Price$132.49Cached quote
BMINYSE
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Financial charts

Revenue

Net income

Free cash flow

Total cash / debt

CashTotal debt

Financial statements

17 annual periodsNewest to oldest
20252024202320222021202020192018201720162015201420132012201120102009
Revenue$916.7M$826.6M$703.6M$565.6M$505.2M$425.5M$424.6M$433.7M$402.4M$393.8M$377.7M$364.8M$334.1M$319.7M$262.9M$276.6M$250.3M
Gross profit$382.1M$329.2M$276.4M$220.0M$205.5M$168.2M$163.5M$162.3M$155.7M$150.6M$135.8M$131.1M$117.0M$122.2M$89.8M$102.8M$97.0M
Gross margin41.68%39.83%39.29%38.89%40.67%39.54%38.51%37.43%38.70%38.24%35.95%35.95%35.01%38.24%34.16%37.17%38.75%
Research & development$21.6M$19.2M$19.0M$15.8M$14.7M$11.6M$11.9M$11.1M$10.6M$10.6M$10.6M$9.5M$10.5M$9.6M$8.1M$7.2M—
Operating expenses$198.6M$171.2M$158.4M$132.7M$126.8M$103.1M$101.4M$105.5M$99.2M$97.9M$93.4M$85.1M$77.9M$77.8M$62.3M$58.0M$54.8M
Operating income$183.4M$157.9M$118.0M$87.3M$78.7M$65.2M$62.1M$56.9M$56.6M$52.7M$42.4M$46.0M$39.1M$44.5M$27.5M$44.8M$42.2M
Operating margin20.01%19.11%16.78%15.43%15.58%15.31%14.64%13.11%14.06%13.38%11.22%12.62%11.70%13.91%10.47%16.20%16.87%
EBITDA$209.2M$178.1M$137.6M$107.0M$100.0M$84.6M$80.9M$75.7M$75.5M$69.5M$58.5M$60.4M$52.6M$56.6M$37.0M$53.3M$49.0M
EBITDA margin22.82%21.55%19.55%18.92%19.80%19.88%19.06%17.46%18.75%17.65%15.48%16.57%15.75%17.69%14.06%19.28%19.56%
Net income$141.6M$124.9M$92.6M$66.5M$60.9M$49.3M$47.2M$27.8M$34.6M$32.3M$25.9M$29.7M$24.6M$28.0M$19.2M$28.7M$34.2M
Net profit margin15.45%15.12%13.16%11.76%12.05%11.60%11.11%6.41%8.59%8.20%6.87%8.14%7.37%8.77%7.29%10.36%13.65%
Basic EPSper basic share$4.82$4.26$3.16$2.28$2.09$1.70$1.63$0.96$1.20$1.12————$0.64$0.96$1.16
Diluted EPSper diluted share$4.79$4.23$3.14$2.26$2.08$1.69$1.61$0.95$1.19$1.11————$0.64$0.96$1.14

Owners

Reported shareholders

Reference date Jun 30, 2026

Reported holdings Number of shares

View holders
Top 20 reported holders of BMI
HolderShares held
BlackRock, Inc.
4.89M
VANGUARD PORTFOLIO MANAGEMENT LLC
2.5M
STATE STREET CORP
1.65M
VANGUARD CAPITAL MANAGEMENT LLC
1.32M
GEODE CAPITAL MANAGEMENT, LLC
1.01M
Impax Asset Management Group plc
945.69K
FIRST TRUST ADVISORS LP
771.86K
MORGAN STANLEY
739.88K
Boston Trust Walden Corp
728.96K
UBS Group AG
629.41K
Amundi
590.08K
Pictet Asset Management Holding SA
574.48K
DIMENSIONAL FUND ADVISORS LP
517.5K
Invesco Ltd.
505.34K
NEUBERGER BERMAN GROUP LLC
499.52K
BANK OF AMERICA CORP /DE/
460.6K
JPMORGAN CHASE & CO
434.71K
NORTHERN TRUST CORP
380.01K
NORGES BANK
374.3K
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
335.4K

Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.

Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data

Insider buys & sells

Jul 1, 2024–Jun 30, 2026
Buys8$2.03M disclosed value
Sells (SEC code S)19$6.47M disclosed value
27 recent transactions
TransactionInsiderTypeSharesPriceValueOwned after
Apr 23, 2026Form 4Wrocklage RobertEVP-N.A. Muncipal UtilityBuyCommon Stock1.0K$122.35$122.3K23.3K
Apr 21, 2026Form 4Htwe RichardVP-Global OperationsBuyCommon Stock1.7K$116.13$197.4K7.6K
Apr 21, 2026Form 4Tarantino Christina M.VP-ControllerBuyCommon stock870$113.80$99.0K1.8K
Apr 21, 2026Form 4Callahan Edward F.VP-EngineeringBuyCommon Stock858$116.30$99.8K1.2K
Apr 21, 2026Form 4Bockhorst KennethChairman, President & CEOBuyCommon Stock2.2K$117.53$258.6K51.7K

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