Zacks Investment Research·Oct 26, 2026
Badger Meter (BMI) Upgraded to Buy: Here's WhyBadger Meter (BMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Badger Meter appears to be finding a floor after revenue growth collapsed from 23.2% in 2024Q2 to -9.0% in 2026Q1 before stabilizing at 0.1% in 2026Q3, with gross margins holding a narrow 39.4%-42.9% band that suggests the electronic meter mix shift is supporting but not yet breaking out profitability.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 22, 2026 | $1.24+0.8% vs $1.23 | $230M-4.2% vs $240M |
Q3 2026 Jul 22, 2026 | $1.02+1.0% vs $1.01 | $222M+0.8% vs $221M |
Q2 2026 Apr 17, 2026 | $0.93-23.8% vs $1.22 | $202M-11.9% vs $230M |
Q1 2026 Jan 28, 2026 | $1.14-0.9% vs $1.15 | $221M-4.6% vs $231M |
Badger Meter (BMI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Badger Meter (NYSE:BMI) on Thursday reported better-than-expected third-quarter earnings.
Badger Meter, Inc. ( BMI ) Q3 2026 Earnings Call October 22, 2026 11:00 AM EDT Company Participants Daniel Weltzien - VP, CFO & Treasurer Kenneth Bockhorst - Chairman, President & CEO Robert Wrocklage - Executive Vice President of North America Municipal Utility Conference Call Participants Nathan Jones - Stifel, Nicolaus & Company, Incorporated, Research Division Quinn Fredrickson - Robert W. Baird & Co. Incorporated, Research Division Jeffrey Reive - RBC Capital Markets, Research Division Jae Hyun Ko - Jefferies LLC, Research Division Scott Graham - Seaport Research Partners William Grippin - Barclays Bank PLC, Research Division Michael Fairbanks - JPMorgan Chase & Co, Research Division Presentation Operator Ladies and gentlemen, welcome to the Third Quarter 2026 Badger Meter Earnings Conference Call.
Base sales grew 5% sequentially in the third quarter. Base gross margin reached 42.1% in the third quarter.
Benchmark BMI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Badger Meter, Inc. (BMI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $158.18 | $4.59B | 36.09 | 10.9% | 14.36% | 18.49% | 0.93% | |
| $98.44 | $4.31B | 15.63 | -3.02% | 12.05% | 16.64% | — | |
| $94.17 | $4.16B | 21.16 | 5.44% | 8.83% | 14.46% | 1.17% | |
| $7.15 | $368.55M | 71.07 | -7.07% | 5.16% | 2.82% | — | |
| $24.05 | $3.76B | 17.02 | 3.17% | 15.04% | 20.35% | 1.16% | |
| $97.83 | $22.84B | 21.23 | 5.52% | 11.86% | 9.78% | 1.64% |
Badger Meter, Inc. (BMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Badger Meter, Inc. (BMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 22, 2026·SEC
Jul 22, 2026·SEC
Jun 11, 2026·SEC
Get notified when BMI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Badger Meter, Inc. (BMI) stock FAQ — growth, dividends, profitability & financials explained
Badger Meter, Inc. (BMI) reported $881.2M in revenue over the trailing twelve months. Revenue was $916.7M in fiscal year 2025. That is 690% more than the $116.0M of fiscal year 1996.
Badger Meter, Inc. (BMI) revenue fell by 2.2% over the trailing twelve months, compared with the twelve months before.
Yes. Badger Meter, Inc. (BMI) earned $126.5M in net income over the trailing twelve months (a 14.4% net margin).
Yes. Badger Meter, Inc. (BMI) pays a dividend that yields 0.93% at the current price, a small yield.
Badger Meter, Inc. (BMI) had a return on equity (ROE) of 18.5% over the trailing twelve months. That is above the market's typical 10-15%.
Badger Meter, Inc. (BMI) generated $142.3M in free cash flow over the trailing twelve months.
