BADGER METER INC (BMI) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:BMI • US0565251081
156.92 USD
+3.87 (+2.53%)
At close: Feb 11, 2026
156.92 USD
0 (0%)
After Hours: 2/11/2026, 6:08:51 PM
Overall BMI gets a fundamental rating of 7 out of 10. We evaluated BMI against 123 industry peers in the Electronic Equipment, Instruments & Components industry. Both the health and profitability get an excellent rating, making BMI a very profitable company, without any liquidiy or solvency issues. BMI has a decent growth rate and is not valued too expensively. These ratings could make BMI a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
- In the past year BMI was profitable.
- In the past year BMI had a positive cash flow from operations.
- Each year in the past 5 years BMI has been profitable.
- BMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BMI has a better Return On Assets (14.55%) than 95.12% of its industry peers.
- BMI has a Return On Equity of 19.86%. This is amongst the best in the industry. BMI outperforms 90.24% of its industry peers.
- BMI's Return On Invested Capital of 16.73% is amongst the best of the industry. BMI outperforms 94.31% of its industry peers.
- BMI had an Average Return On Invested Capital over the past 3 years of 16.29%. This is significantly above the industry average of 8.93%.
- The 3 year average ROIC (16.29%) for BMI is below the current ROIC(16.73%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
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.
- Looking at the Operating Margin, with a value of 20.01%, BMI belongs to the top of the industry, outperforming 96.75% of the companies in the same industry.
- BMI's Operating Margin has improved in the last couple of years.
- 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.
- In the last couple of years the Gross Margin of BMI has remained more or less at the same level.
| Industry Rank | Sector 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%
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC1.78
WACC9.4%
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.
- The Current ratio of BMI (3.36) is better than 68.29% of its industry peers.
- A Quick Ratio of 2.36 indicates that BMI has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 2.36, BMI is in the better half of the industry, outperforming 63.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.36 | ||
| Quick Ratio | 2.36 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 13.48% over the past year.
- Measured over the past years, BMI shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.07% on average per year.
- BMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.90%.
- 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.
- BMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.22% yearly.
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
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 32.69, BMI can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, BMI is valued a bit cheaper than the industry average as 65.85% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.23, BMI is valued at the same level.
- With a Price/Forward Earnings ratio of 30.32, BMI can be considered very expensive at the moment.
- 61.79% of the companies in the same industry are more expensive than BMI, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, BMI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.69 | ||
| Fwd PE | 30.32 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are more expensive than BMI, based on the Enterprise Value to EBITDA ratio.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.26 | ||
| EV/EBITDA | 19.65 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of BMI may justify a higher PE ratio.
PEG (NY)4.17
PEG (5Y)1.42
EPS Next 2Y8.28%
EPS Next 3Y9.04%
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 86.18% of the companies in the same industry.
- BMI's Dividend Yield is slightly below the S&P500 average, which is at 1.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.1% |
5.2 History
- The dividend of BMI is nicely growing with an annual growth rate of 16.16%!
- BMI has paid a dividend for at least 10 years, which is a reliable track record.
- BMI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)16.16%
Div Incr Years18
Div Non Decr Years18
5.3 Sustainability
- 30.73% of the earnings are spent on dividend by BMI. This is a low number and sustainable payout ratio.
- The dividend of BMI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP30.73%
EPS Next 2Y8.28%
EPS Next 3Y9.04%
156.92
+3.87 (+2.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-28 2026-01-28/bmo
Earnings (Next)04-15 2026-04-15/bmo
Inst Owners102%
Inst Owner Change1.68%
Ins Owners0.51%
Ins Owner Change0.53%
Market Cap4.62B
Revenue(TTM)916.66M
Net Income(TTM)141.63M
Analysts77.5
Price Target184.44 (17.54%)
Short Float %6.82%
Short Ratio6.29
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.69 | ||
| Fwd PE | 30.32 | ||
| P/S | 5.04 | ||
| P/FCF | 27.26 | ||
| P/OCF | 25.17 | ||
| P/B | 6.48 | ||
| P/tB | 12.87 | ||
| EV/EBITDA | 19.65 |
EPS(TTM)4.8
EY3.06%
EPS(NY)5.18
Fwd EY3.3%
FCF(TTM)5.76
FCFY3.67%
OCF(TTM)6.23
OCFY3.97%
SpS31.1
BVpS24.2
TBVpS12.19
PEG (NY)4.17
PEG (5Y)1.42
Graham Number51.13
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC9.4%
ROIC/WACC1.78
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%.