profit from every $100 of sales.
$0$100
Badger Meter
$154.72+0.74% today
-13.0% in 1 year
1-year low $113.411-year high $184.80
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $31.67 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Badger Meter sold, what it kept, and what it did with the cash.
Sales went from $566 million in 2022 to $917 million in 2025, with $142 million of profit last year.
SalesProfit
Badger Meter handed back 34% of the cash it generated last year.
$44M
Free cash flow 2025$170M
Bought back its own shares$15M
Paid as dividends$44M
Badger Meter vs. similar companies
Badger Meter grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Badger Meter | 31.7× · Expensive | ||
 Keyence | 45.4× · Expensive | ||
 Garmin | 32.8× · Expensive | ||
 Keysight Technologies | 59.6× · Expensive | ||
 Coherent | 53.4× · Expensive |
AI analysis
An AI analyst reads Badger Meter's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 426 | 505 | 566 | 704 | 827 | 917 | |
| 168 | 205 | 220 | 276 | 329 | 382 | |
| 65 | 79 | 87 | 118 | 158 | 183 | |
| – | – | 114 | 146 | 190 | 218 | |
| 49 | 61 | 66 | 93 | 125 | 142 | |
| 1.69 | 2.08 | 2.26 | 3.14 | 4.23 | 4.79 | |
| 39.5% | 40.7% | 38.9% | 39.3% | 39.8% | 41.7% | |
| 15.3% | 15.6% | 15.4% | 16.8% | 19.1% | 20.0% | |
| 11.6% | 12.1% | 11.8% | 13.2% | 15.1% | 15.5% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 471 | 531 | 603 | 717 | 816 | 974 |
| Cash | 72 | 87 | 138 | 192 | 295 | 226 |
| Total debt | – | – | – | – | – | – |
| Total liabilities | – | – | 161 | 200 | 210 | 260 |
| 361 | 403 | 442 | 516 | 606 | 713 | |
| 0 | 0 | 29 | 29 | 30 | 30 | |
| 14.2% | 15.4% | 15.6% | 18.1% | 20.6% | 20.3% | |
| 13.7% | 15.1% | 15.0% | 17.9% | 20.6% | 19.9% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 90 | 88 | 82 | 110 | 155 | 184 | |
| 9 | 7 | 6 | 12 | 13 | 14 | |
| 81 | 81 | 77 | 98 | 142 | 170 | |
| Dividends paid | 20 | 22 | 25 | 29 | 36 | 44 |
| 3 | 0 | 0 | 0 | 0 | 15 | |
| 1 | 2 | 3 | 5 | 6 | 9 |
Valuation
- 31.7×
- 34.4×
- 1.37
- 6.7×
- 4.9×
- 26.4×
- 19.5×
- 3.8%
- 3.2%
- 1.3%
Profitability
- 41.7%
- 20.0%
- 15.5%
- 22.2%
- 20.8%
- 19.1%
- 18.8%
- 13.4%
- 21.1%
- –
Growth
- +16.6%
- +23.2%
- +19.3%
- +16.2%
- +0.2%
Financial health
- -1.0×
- 0.00
- 0.0%
- –
- 3.36
- 1.97
- 0.92
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 12%of 976
Top 17%of 977
Bottom 45%of 758
Top 30%of 981
Top 35%of 983
What analysts expect
- Average price target
- $172.14
- Range
- $110.00 – $220.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 17, 2026 | 0.93 | 1.20 | −22.5% |
| Jan 28, 2026 | 1.14 | 1.15 | −0.9% |
| Oct 21, 2025 | 1.19 | 1.14 | +4.4% |
| Jul 22, 2025 | 1.12 | 1.19 | −5.9% |
| Apr 17, 2025 | 1.30 | 1.07 | +21.5% |
| Jan 31, 2025 | 1.04 | 1.01 | +3.0% |
| Oct 17, 2024 | 1.08 | 1.11 | −2.7% |
| Jul 19, 2024 | 1.12 | 1.03 | +8.7% |
1.3%of the share price, paid each year
On $1,000 invested$13a year at today's yield, before tax
+16.2%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.39 in 2015 → $1.48 in 2025
How safe it looks
30.7% of its profit
Room to growStretchedMore than it earns: 25.7%
News
Badger Meter (BMI) Laps the Stock Market: Here's WhyYahoo Finance · Sep 3, 2026The newest story we have is from Sep 3, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
57No pass
Philip Fisher
78Pass
Peter Lynch
78Pass
Joel Greenblatt
33No pass
Charlie Munger
73Pass
Terry Smith
72Pass
Questions about Badger Meter
Is Badger Meter a good stock to buy?
A solid business, but the price is high. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Badger Meter AI analysis
What does Badger Meter do?
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 is in Scientific & Technical Instruments, based in Milwaukee, WI, United States, with 2,477 employees.
Does Badger Meter pay a dividend?
Yes. At today's price the dividend is 1.3% a year, about 31% of its yearly profit. In 2025 it paid out $43.5 million in dividends.
Is Badger Meter stock halal?
Yes. Badger Meter passes our halal screen: its business is permitted and its debt is 0% of its market value, under the 30% limit. How we check
How has Badger Meter stock done over the past year?
Down 13.0% over the past twelve months, to $154.72. It traded between $113.41 and $184.80 and is 16.3% below its high.
Who are Badger Meter's competitors?
The largest listed companies in the same industry are Keyence, Garmin, Keysight Technologies and Coherent. The peers table on this page compares their profit, growth and price with Badger Meter's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.