Badger Meter (BMI)
Market Price (10/8/2025): $178.73 | Market Cap: $5.3 Bil
Sector: Information Technology | Industry: Electronic Equipment & Instruments
Badger Meter (BMI)
Market Price (10/8/2025): $178.73
Market Cap: $5.3 Bil
Sector: Information Technology
Industry: Electronic Equipment & Instruments
Investment Highlights
Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% | Weak multi-year price returns 2Y Excs Rtn is -31% | |
Low stock price volatility Vol 12M is 35% |
Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
Low stock price volatility Vol 12M is 35% |
Weak multi-year price returns 2Y Excs Rtn is -31% |
Market Valuation & Key Metrics
BMI Stock
Price Returns Compared
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
BMI Return | 46% | 14% | 3% | 43% | 38% | -15% | 192% |
Peers Return | 159% | -11% | -30% | 44% | 19% | 15% | 217% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
BMI Win Rate | 67% | 75% | 42% | 83% | 67% | 33% | |
Peers Win Rate | 60% | 50% | 45% | 58% | 52% | 56% | |
S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
BMI Max Drawdown | -34% | -4% | -31% | -3% | -9% | -19% | |
Peers Max Drawdown | -58% | -17% | -41% | -5% | -22% | -25% | |
S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: AEIS, ITRI, OSIS, PAR, MVIS. See BMI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/7/2025 (YTD)
Downturns Compared
Event | BMI | S&P 500 |
---|---|---|
2022 Inflation Shock | ||
% Loss | -33.5% | -25.4% |
% Gain to Breakeven | 50.4% | 34.1% |
Time to Breakeven | 131 days | 464 days |
2020 Covid Pandemic | ||
% Loss | -39.1% | -33.9% |
% Gain to Breakeven | 64.3% | 51.3% |
Time to Breakeven | 203 days | 148 days |
2018 Correction | ||
% Loss | -19.6% | -19.8% |
% Gain to Breakeven | 24.3% | 24.7% |
Time to Breakeven | 87 days | 120 days |
2008 Global Financial Crisis | ||
% Loss | -68.3% | -56.8% |
% Gain to Breakeven | 215.4% | 131.3% |
Time to Breakeven | 2290 days | 1480 days |
How Low Can It Go?
Badger Meter's stock fell -33.5% during the 2022 Inflation Shock from a high on 12/8/2021. A -33.5% loss requires a 50.4% gain to breakeven.
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About Badger Meter (BMI)
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, 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. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.
Latest Trefis Analyses
Title | Topic | Date | |
---|---|---|---|
DASHBOARDS | |||
Badger Meter Earnings Notes | |||
Big Decline for BMI, but Do META's Margins and Growth Give It the Edge? | Counter-Intuitive Comparisons | ||
How Does BMI Stack Up Against Its Peers? | Peer Comparison | ||
Is The 21.8% Decline In Badger Meter (BMI) Stock A Dip Buying Opportunity? | Actionable | ||
Better Bet Than BMI Stock: Pay Less Than Badger Meter To Get More From LLY, RCL | |||
Better Bet Than BMI Stock: Pay Less Than Badger Meter To Get More From FTNT, FSLR | |||
Is The 24.4% Decline In Badger Meter (BMI) Stock A Dip Buying Opportunity? | Actionable | ||
Is The 21.7% Decline In Badger Meter (BMI) Stock A Dip Buying Opportunity? | Actionable | ||
Is The 22.3% Decline In Badger Meter (BMI) Stock A Dip Buying Opportunity? | Actionable | ||
BMI Dip Buy Analysis | |||
ARTICLES | |||
BMI Stock Sinks 22%, Is A Rebound Coming? | August 13th, 2025 | ||
BMI Stock Has Fallen 24%, Is It Time To Get In? | August 5th, 2025 | ||
Down 22%, Is BMI Stock A Buy Now? | July 29th, 2025 | ||
Down 22%, Is BMI Stock A Buy Now? | July 24th, 2025 |
Trade Ideas
Select past trade ideas related to BMI and Electronic Equipment & Instruments.
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | ADBE | Adobe | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.7% | -0.7% | -2.6% |
09302025 | CRM | Salesforce | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.7% | 3.7% | -0.6% |
09302025 | MPWR | Monolithic Power Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 5.2% | 5.2% | -0.5% |
09262025 | POWI | Power Integrations | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap | -2.4% | -2.4% | -3.5% |
09262025 | ROP | Roper Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.7% | 1.7% | -0.3% |
08312022 | BMI | Badger Meter | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run | 27.3% | 76.6% | -4.3% |
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | ADBE | Adobe | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.7% | -0.7% | -2.6% |
09302025 | CRM | Salesforce | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.7% | 3.7% | -0.6% |
09302025 | MPWR | Monolithic Power Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 5.2% | 5.2% | -0.5% |
09262025 | POWI | Power Integrations | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap | -2.4% | -2.4% | -3.5% |
09262025 | ROP | Roper Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.7% | 1.7% | -0.3% |
08312022 | BMI | Badger Meter | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run | 27.3% | 76.6% | -4.3% |
See Trefis Trade Ideas for more.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Badger Meter
Financials
Median | |
---|---|
Name | |
Mkt Price | 149.81 |
Mkt Cap | 4.7 |
Rev LTM | 1,255 |
Op Inc LTM | 148 |
FCF LTM | 90 |
FCF 3Y Avg | 58 |
CFO LTM | 136 |
CFO 3Y Avg | 84 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 9.9% |
Rev Chg 3Y Avg | 12.5% |
Rev Chg Q | 7.5% |
QoQ Delta Rev Chg LTM | 2.0% |
Op Mgn LTM | 9.5% |
Op Mgn 3Y Avg | 7.9% |
QoQ Delta Op Mgn LTM | 0.4% |
CFO/Rev LTM | 8.4% |
CFO/Rev 3Y Avg | 4.4% |
FCF/Rev LTM | 5.4% |
FCF/Rev 3Y Avg | 2.6% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 4.7 |
P/S | 3.8 |
P/EBIT | 18.6 |
P/E | 25.3 |
P/CFO | 25.7 |
Total Yield | 2.4% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | 0.9% |
D/E | 0.1 |
Net D/E | 0.0 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 5.9% |
3M Rtn | 0.7% |
6M Rtn | 32.7% |
12M Rtn | 15.1% |
3Y Rtn | 109.8% |
1M Excs Rtn | 3.7% |
3M Excs Rtn | -7.3% |
6M Excs Rtn | -5.4% |
12M Excs Rtn | 5.0% |
3Y Excs Rtn | 24.6% |
Comparison Analyses
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
7/22/2025 | -16.5% | -21.5% | -23.3% |
4/17/2025 | 9.6% | 18.3% | 33.2% |
1/31/2025 | 2.6% | 3.5% | 0.7% |
10/17/2024 | -6.3% | -7.8% | -0.1% |
7/19/2024 | -1.8% | 3.9% | 3.1% |
4/18/2024 | 16.7% | 19.7% | 28.3% |
1/26/2024 | -5.6% | -4.6% | 3.2% |
10/19/2023 | 3.0% | 1.8% | 9.9% |
... | |||
SUMMARY STATS | |||
# Positive | 15 | 18 | 20 |
# Negative | 9 | 6 | 4 |
Median Positive | 7.8% | 8.5% | 9.6% |
Median Negative | -5.6% | -6.2% | -9.8% |
Max Positive | 16.7% | 19.7% | 33.2% |
Max Negative | -16.5% | -21.5% | -23.3% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 7232025 | 10-Q 6/30/2025 |
3312025 | 4182025 | 10-Q 3/31/2025 |
12312024 | 2142025 | 10-K 12/31/2024 |
9302024 | 10182024 | 10-Q 9/30/2024 |
6302024 | 7222024 | 10-Q 6/30/2024 |
3312024 | 4192024 | 10-Q 3/31/2024 |
12312023 | 2162024 | 10-K 12/31/2023 |
9302023 | 10242023 | 10-Q 9/30/2023 |
6302023 | 7252023 | 10-Q 6/30/2023 |
3312023 | 4252023 | 10-Q 3/31/2023 |
12312022 | 2222023 | 10-K 12/31/2022 |
9302022 | 10252022 | 10-Q 9/30/2022 |
6302022 | 7262022 | 10-Q 6/30/2022 |
3312022 | 4282022 | 10-Q 3/31/2022 |
12312021 | 2232022 | 10-K 12/31/2021 |
9302021 | 10282021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | Transacted Value | Value of Held Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Bauer Karen M. | VP-IR, Strategy & Treasurer | 3072025 | Sell | 209.74 | 1,147 | 240,572 | 1,064,640 | Form |
1 | Bockhorst Kenneth | Chairman, President & CEO | 3072025 | Sell | 209.74 | 16,073 | 3,371,151 | 7,332,720 | Form |
2 | Stoll Kimberly K | VP-Sales & Marketing | 3072025 | Sell | 209.74 | 1,376 | 288,602 | 674,734 | Form |
3 | BERGUM WILLIAM R A | VP-Gen. Counsel and Secretary | 3072025 | Sell | 209.74 | 1,147 | 240,572 | 2,665,586 | Form |
4 | Begale Fred J | VP-Engineering | 3072025 | Sell | 209.74 | 936 | 196,317 | 434,581 | Form |
External Quote Links
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Motley Fool | Robinhood |
CNBC | Etrade |
MarketWatch | Unusual Whales |
YCharts | Perplexity Finance |
FinViz |
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