Why did Badger Meter (BMI) stock move recently?

On 7/28/2026, Badger Meter moved +5.1% — No specific new catalyst identified for the July 28 move; BMI reported soft Q2 results on July 22 with EPS missing estimates and subsequent analyst price target cuts, followed by a Seeking Alpha note that the bullish thesis remains intact despite the softness. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Badger Meter (BMI) overvalued or fairly valued?

MarketChacha shows Badger Meter's valuation in context — a trailing P/E of about 31.0, a forward P/E of about 27.3, a price-to-book of about 5.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Badger Meter's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.25×) from reported figures — education, not a rating.

What is Badger Meter's revenue?

Badger Meter reported revenue of $916.7M for FY2025, with net profit of $141.6M, per official filings.

What is the share price of Badger Meter (BMI)?

Badger Meter last traded at $132.49 (-2.6% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Badger Meter

BMI · NYSE · Technology · United States

Snapshot

TickerBMI

ExchangeNYSE

SectorTechnology

IndustryScientific & Technical Instruments

CountryUnited States

Employees2,477

HeadquartersMilwaukee, United States

Websitewww.badgermeter.com

Filings tracked12

About Badger Meter

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market. It also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water user to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software to employees, resellers, and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.

Who owns it

Insiders0.6%
Institutions99.4%
Public & other0.0%

663 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.88%
Vanguard Portfolio Management LLC8.64%
State Street Corporation5.70%
Vanguard Capital Management LLC4.54%
Geode Capital Management, LLC3.48%
Impax Asset Management Group plc3.26%
First Trust Advisors LP2.66%
Morgan Stanley2.55%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.25×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend13.2% → 15.5%

Margin has expanded by about 2.3 points — the business is getting more profitable.

Return on equity19.9%

Latest ROE of 19.9% — capital is generating a healthy return.

Growth qualityrev 14% · PAT 24%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $249.4M · EPS 1.29

Est. earnings growth +13.4%

Next fiscal year

Rev $992.3M · EPS 4.98

Est. earnings growth +10.6%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$916.7M

Net margin

15.5%

ROE

19.9%

Revenue CAGR (2y)

+14.1%

Profit CAGR (2y)

+23.7%

EPS (FY2025)

4.79

Net profit (FY2025)

$141.6M

Ask MarketChacha about BMI

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 28, 2026
No specific new catalyst identified for the July 28 move; BMI reported soft Q2 results on July 22 with EPS missing estimates and subsequent analyst price target cuts, followed by a Seeking Alpha note that the bullish thesis remains intact despite the softness.
source 1 ↗source 2 ↗source 3 ↗· confidence: low
Jul 27, 2026
BMI rose on a post-earnings rebound after Q2 results (released July 22) showed sequential sales growth and an EPS beat/marginal miss, with Seeking Alpha noting the bullish thesis remains intact despite softer YoY trends and prior analyst target cuts.
source 1 ↗source 2 ↗· confidence: medium
Jul 22, 2026
Badger Meter fell sharply after reporting Q2 results with sales of $222.3M (down 7% YoY but up 10% sequentially) and EPS of $1.02 (down from $1.17); the stock reaction was driven by the company's outlook for flattish full-year 2026 organic revenue excluding acquisitions, despite reiterating long-term high-single-digit growth targets.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$916.7M	$141.6M	4.79	15.5%	19.9%
FY2024	$826.6M	$124.9M	4.23	15.1%	20.6%
FY2023	$703.6M	$92.6M	3.14	13.2%	17.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$222.3M	$29.7M	1.02	13.4%
2026Q1	$202.3M	$27.3M	0.93	13.5%
2025Q4	$220.7M	$33.6M	1.14	15.2%
2025Q3	$235.7M	$35.1M	1.19	14.9%
2025Q2	$238.1M	$34.6M	1.17	14.5%
2025Q1	$222.2M	$38.4M	1.30	17.3%
2024Q4	$205.2M	$30.7M	1.04	15.0%
2024Q3	$208.4M	$32.0M	1.08	15.4%
2024Q2	$216.7M	$33.1M	1.12	15.3%
2024Q1	$196.3M	$29.1M	0.99	14.8%
2023Q4	$182.4M	$24.7M	0.84	13.6%
2023Q3	$186.2M	$26.0M	0.88	13.9%
2023Q2	$175.9M	$22.5M	0.76	12.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/23/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC6/11/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/21/2026material
8-K — Bylaw/charter change, Shareholder vote results, Other events, Exhibits
SEC4/28/2026material
10-Q filing
SEC4/20/2026
8-K — Results of operations, Exhibits
SEC4/17/2026material
10-K filing
SEC2/17/2026
8-K — Results of operations
SEC1/28/2026material

2025

8-K — Executive/director change, Exhibits
SEC12/11/2025material
10-Q filing
SEC10/22/2025
8-K — Results of operations, Exhibits
SEC10/21/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.