BMI
Badger Meter, Inc.
BMI
133.00USD
+1.14%
Sep 24, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryReset + recovery
The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.
Key Financials
- Market Cap
- $3.9B
- Avg Volume (60D)
- 370.6K
- Revenue Growth YoY
- +10.9%
- Gross Margin
- +41.3%
- Operating Margin
- +18.6%
- Free Cash Flow Yield
- +3.9%
- Distance from 200DMA
- -7.6%
- Next Earnings
- 2026-10-21
- P/E
- 30.7x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 23, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Dec 31, 2021
Fundamentals & Valuation
Both valuation perspectives agree this company is fair.
Badger Meter, Inc. has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Company Research
Thesis
Badger Meter is a direct smart-water systems provider to municipal utilities, combining meters and sensors with cellular endpoints, communications and SaaS analytics across drinking-water, wastewater and stormwater workflows.
Opportunity
Moderate opportunity
Municipal and water-utility spending on connected metering, sensing, communications and analytics to reduce non-revenue water, improve billing and operations, monitor water quality and wastewater networks, and strengthen system resilience.
Key risk
Decline in municipal infrastructure spending.
Narrative & Theme
Water Infrastructure Modernization and Resilience
Part of Digital Water Management, Advanced Metering and Network Monitoring, with strong fit.
BMI has direct revenue exposure to a real, multi-company modernization cycle in water utilities rather than generic industrial or infrastructure adjacency.
Narrative HeatNeutral6.0 / 10
Theme HeatNeutral5.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Scientific & Technical Instruments
What they do
Badger Meter, Inc. designs, manufactures, and sells flow measurement and control devices, along with related software solutions, primarily serving municipal water utilities and original equipment manufacturers worldwide.
How it earns
Primarily transactional revenue from the sale of flow measurement products and software services.
Products & services
Utility water smart metering solutions
Flow instrumentation products including meters and valves
Customers & end markets
Municipal water utilities
Original equipment manufacturers
Market position
Niche player specializing in flow measurement and control within the water utility and OEM markets.
Demand drivers
Medium cyclicality
Demand is influenced by municipal infrastructure spending cycles and industrial OEM investment.
Peers
Companies validated as economically comparable to BMI — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Itron supplies grid-edge metering, communications, distributed-intelligence devices, data-management software, and managed solutions that give utilities visibility and control over loads, outages, DERs, and distribution-grid conditions.
NarrativeElectric Grid Capacity ExpansionThemeGrid Optimization and Interconnection Software
Weak or broken price action.30-day price action
Direct supplier of essential water-distribution hardware and water-management systems used in municipal repair, replacement, and modernization projects.
NarrativeWater Infrastructure Renewal and ResilienceThemeMunicipal Water Distribution Modernization and Loss Reduction
Weak or broken price action.30-day price action
Xylem is a global water-technology supplier providing pumps, treatment equipment, measurement and control systems, analytics, digital software, and field/rental services to utility, industrial, and building customers.
NarrativeWater Infrastructure Modernization and ResilienceThemeMunicipal Water and Wastewater Treatment Upgrades
Early-stage constructive setup.30-day price action