BADGER METER INC (BMI) Stock Fundamental Analysis
NYSE:BMI • US0565251081
160.6 USD
+5.72 (+3.69%)
Last: Feb 17, 2026, 03:39 PM
We assign a fundamental rating of 7 out of 10 to BMI. BMI was compared to 122 industry peers in the Electronic Equipment, Instruments & Components industry. BMI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BMI has a correct valuation and a medium growth rate. These ratings would make BMI suitable for quality investing!
1. Profitability
1.1 Basic Checks
- BMI had positive earnings in the past year.
- BMI had a positive operating cash flow in the past year.
- BMI had positive earnings in each of the past 5 years.
- Each year in the past 5 years BMI had a positive operating cash flow.
1.2 Ratios
- BMI has a Return On Assets of 14.55%. This is amongst the best in the industry. BMI outperforms 95.08% of its industry peers.
- BMI has a Return On Equity of 19.86%. This is amongst the best in the industry. BMI outperforms 90.16% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 16.73%, BMI belongs to the top of the industry, outperforming 94.26% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for BMI is significantly above the industry average of 8.95%.
- 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
- Looking at the Profit Margin, with a value of 15.45%, BMI belongs to the top of the industry, outperforming 92.62% 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 96.72% of the companies in the same industry.
- In the last couple of years the Operating Margin of BMI has grown nicely.
- The Gross Margin of BMI (41.68%) is better than 71.31% 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
- 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.
- Compared to 5 years ago, BMI has more shares outstanding
- 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
WACC9.39%
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 69.67% of its industry peers.
- A Quick Ratio of 2.36 indicates that BMI has no problem at all paying its short term obligations.
- With a decent Quick ratio value of 2.36, BMI is doing good in the industry, outperforming 63.93% 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.
- 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.
- 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
- BMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.55% yearly.
- BMI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.18% yearly.
EPS Next Y7.84%
EPS Next 2Y8.28%
EPS Next 3Y9.04%
EPS Next 5Y9.55%
Revenue Next Year5.42%
Revenue Next 2Y5.79%
Revenue Next 3Y6.5%
Revenue Next 5Y7.18%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 33.46, BMI can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Earnings ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 65.57% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (27.19), we can say BMI is valued slightly more expensively.
- Based on the Price/Forward Earnings ratio of 31.03, the valuation of BMI can be described as expensive.
- Based on the Price/Forward Earnings ratio, BMI is valued a bit cheaper than 60.66% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, BMI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.46 | ||
| Fwd PE | 31.03 |
4.2 Price Multiples
- 67.21% of the companies in the same industry are more expensive than BMI, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, BMI is valued a bit cheaper than the industry average as 73.77% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.89 | ||
| EV/EBITDA | 19.9 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BMI does not grow enough to justify the current Price/Earnings ratio.
- BMI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.27
PEG (5Y)1.45
EPS Next 2Y8.28%
EPS Next 3Y9.04%
5. Dividend
5.1 Amount
- BMI has a Yearly Dividend Yield of 1.01%.
- BMI's Dividend Yield is rather good when compared to the industry average which is at 0.47. BMI pays more dividend than 86.07% of the companies in the same industry.
- With a Dividend Yield of 1.01, BMI pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
5.2 History
- The dividend of BMI is nicely growing with an annual growth rate of 16.16%!
- BMI has been paying a dividend for at least 10 years, so it has a reliable track record.
- BMI has not decreased their dividend for at least 10 years, which is a reliable track record.
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.
- 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 (2/17/2026, 3:39:34 PM)
160.6
+5.72 (+3.69%)
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 Change3.94%
Ins Owners0.51%
Ins Owner Change1.84%
Market Cap4.73B
Revenue(TTM)916.66M
Net Income(TTM)141.63M
Analysts75.29
Price Target184.44 (14.84%)
Short Float %6.99%
Short Ratio5.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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)-7.07%
EPS NQ rev (3m)-6.52%
EPS NY rev (1m)-5.4%
EPS NY rev (3m)-5.59%
Revenue NQ rev (1m)-4.62%
Revenue NQ rev (3m)-4.62%
Revenue NY rev (1m)-2.83%
Revenue NY rev (3m)-2.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.46 | ||
| Fwd PE | 31.03 | ||
| P/S | 5.16 | ||
| P/FCF | 27.89 | ||
| P/OCF | 25.76 | ||
| P/B | 6.64 | ||
| P/tB | 13.18 | ||
| EV/EBITDA | 19.9 |
EPS(TTM)4.8
EY2.99%
EPS(NY)5.18
Fwd EY3.22%
FCF(TTM)5.76
FCFY3.58%
OCF(TTM)6.23
OCFY3.88%
SpS31.1
BVpS24.2
TBVpS12.19
PEG (NY)4.27
PEG (5Y)1.45
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
WACC9.39%
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 5Y9.55%
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 5Y7.18%
EBIT growth 1Y16.14%
EBIT growth 3Y28.08%
EBIT growth 5Y22.98%
EBIT Next Year29.76%
EBIT Next 3Y15.99%
EBIT Next 5Y11.6%
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%.