BADGER METER INC (BMI) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:BMI • US0565251081
150.555 USD
+3.13 (+2.12%)
Last: Feb 4, 2026, 11:04 AM
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. BMI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BMI is not valued too expensively and it also shows a decent growth rate. These ratings would make BMI suitable 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.
- BMI had positive earnings in each of the past 5 years.
- In the past 5 years BMI always reported a positive cash flow from operatings.
1.2 Ratios
- BMI has a Return On Assets of 14.55%. This is amongst the best in the industry. BMI outperforms 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 8.89%.
- The last Return On Invested Capital (16.73%) for BMI is above the 3 year average (16.29%), which is a sign of increasing profitability.
| 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
- BMI's Profit Margin of 15.45% is amongst the best of the industry. BMI outperforms 93.50% of its industry peers.
- 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's Gross Margin of 41.68% is fine compared to the rest of the industry. BMI outperforms 71.54% of its industry peers.
- BMI's Gross Margin has been stable in the last couple of years.
| 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
- BMI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- BMI has more shares outstanding than it did 1 year ago.
- BMI has more shares outstanding than it did 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/WACC1.05
WACC15.89%
2.3 Liquidity
- A Current Ratio of 3.36 indicates that BMI has no problem at all paying its short term obligations.
- BMI has a better Current ratio (3.36) than 68.29% of its industry peers.
- BMI has a Quick Ratio of 2.36. This indicates that BMI is financially healthy and has no problem in meeting 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
- BMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.48%, which is quite good.
- The Earnings Per Share has been growing by 23.07% on average over the past years. This is a very strong growth
- The Revenue has grown by 10.90% in the past year. This is quite good.
- BMI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.59% yearly.
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
- BMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.19% yearly.
- Based on estimates for the next years, BMI will show a quite strong growth in Revenue. The Revenue will grow by 8.22% on average per year.
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
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
- The Price/Earnings ratio is 31.37, which means the current valuation is very expensive for BMI.
- Based on the Price/Earnings ratio, BMI is valued a bit cheaper than 65.04% of the companies in the same industry.
- BMI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
- BMI is valuated quite expensively with a Price/Forward Earnings ratio of 29.09.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 60.98% of the companies listed in the same industry.
- BMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.37 | ||
| Fwd PE | 29.09 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BMI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
- 74.80% of the companies in the same industry are more expensive than BMI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.15 | ||
| EV/EBITDA | 18.89 |
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
PEG (5Y)1.36
EPS Next 2Y8.28%
EPS Next 3Y9.04%
5. Dividend
5.1 Amount
- BMI has a Yearly Dividend Yield of 1.05%. Purely for dividend investing, there may be better candidates out there.
- The stock price of BMI dropped by -21.53% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
- Compared to an average industry Dividend Yield of 0.46, BMI pays a better dividend. On top of this BMI pays more dividend than 87.80% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, BMI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
- On average, the dividend of BMI grows each year by 16.16%, which is quite nice.
- BMI has been paying a dividend for at least 10 years, so it has 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
- BMI pays out 30.73% of its income as dividend. This is a sustainable payout ratio.
- BMI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.73%
EPS Next 2Y8.28%
EPS Next 3Y9.04%
NYSE:BMI (2/4/2026, 11:04:09 AM)
150.555
+3.13 (+2.12%)
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 Change0.24%
Ins Owners0.51%
Ins Owner Change0%
Market Cap4.44B
Revenue(TTM)916.66M
Net Income(TTM)141.63M
Analysts77.5
Price Target184.44 (22.51%)
Short Float %6.82%
Short Ratio6.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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)-2.55%
PT rev (3m)-4.43%
EPS NQ rev (1m)0.29%
EPS NQ rev (3m)2.35%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)0.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.02%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.37 | ||
| Fwd PE | 29.09 | ||
| P/S | 4.84 | ||
| P/FCF | 26.15 | ||
| P/OCF | 24.15 | ||
| P/B | 6.22 | ||
| P/tB | 12.35 | ||
| EV/EBITDA | 18.89 |
EPS(TTM)4.8
EY3.19%
EPS(NY)5.18
Fwd EY3.44%
FCF(TTM)5.76
FCFY3.82%
OCF(TTM)6.23
OCFY4.14%
SpS31.1
BVpS24.2
TBVpS12.19
PEG (NY)4
PEG (5Y)1.36
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
WACC15.89%
ROIC/WACC1.05
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%.