Last 47 quarters of trend data · Technology · Hardware, Equipment & Parts
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Badger Meter, Inc.'s quarterly P/E stands at 38.2x, down 25.0% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 37.2% YoY to 23.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.29 | 38.25 | 37.52 | 52.34 | 36.59 | 50.99 | 50.56 | 41.60 | 40.86 | 45.94 | 40.87 | 48.54 | 46.14 |
| — | -25.0% | -25.8% | +25.8% | -10.5% | +11.0% | +23.7% | -14.3% | -11.4% | +1.1% | +7.9% | +36.8% | -9.3% | |
| P/S Ratio | 4.36 | 5.84 | 5.60 | 7.61 | 6.33 | 7.59 | 7.74 | 6.35 | 6.08 | 6.23 | 5.69 | 6.18 | 5.63 |
| — | -23.1% | -27.6% | +19.8% | +4.1% | +21.8% | +36.0% | +2.8% | +7.9% | +14.6% | +24.2% | +43.5% | +1.9% | |
| P/B Ratio | 5.62 | 7.22 | 7.52 | 10.69 | 8.77 | 10.28 | 10.92 | 9.77 | 8.91 | 8.81 | 8.61 | 9.14 | 7.82 |
| — | -29.7% | -31.1% | +9.4% | -1.6% | +16.7% | +26.8% | +6.9% | +13.9% | +21.6% | +34.1% | +60.2% | +9.5% | |
| P/FCF | 23.53 | 25.37 | 27.40 | 44.56 | 46.78 | 32.86 | 38.45 | 40.37 | 63.52 | 31.69 | 37.30 | 54.03 | 65.41 |
| — | -22.8% | -28.7% | +10.4% | -26.4% | +3.7% | +3.1% | -25.3% | -2.9% | +12.7% | +20.3% | +64.2% | -27.5% | |
| EV / EBITDA | 17.28 | 23.75 | 23.18 | 32.98 | 23.80 | 37.82 | 31.84 | 26.59 | 25.64 | 27.74 | 26.49 | 28.86 | 27.00 |
| — | -37.2% | -27.2% | +24.0% | -7.2% | +36.3% | +20.2% | -7.9% | -5.0% | +3.3% | +24.6% | +46.1% | -2.4% | |
| EV / EBIT | 20.54 | 27.59 | 26.78 | 38.65 | 27.79 | 37.82 | 38.13 | 31.79 | 31.27 | 34.00 | 32.47 | 35.66 | 34.54 |
| — | -27.1% | -29.8% | +21.6% | -11.1% | +11.3% | +17.4% | -10.9% | -9.5% | -0.5% | +19.7% | +38.4% | -8.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Badger Meter, Inc.'s operating margin was 19.5% in Q4 2025, down 0.1 pp QoQ and up 0.4 pp YoY. Gross margin expanded 4.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.7% | 42.1% | 40.7% | 41.1% | 42.9% | 40.3% | 40.2% | 39.4% | 39.3% | 39.2% | 39.1% | 39.5% | 39.5% |
| — | +4.5% | +1.1% | +4.3% | +9.2% | +3.0% | +3.0% | -0.2% | -0.4% | +1.3% | +0.5% | -0.6% | +3.1% | |
| Operating Margin | 20.0% | 19.5% | 19.6% | 18.8% | 22.2% | 19.1% | 19.5% | 19.2% | 18.6% | 17.6% | 16.9% | 16.8% | 15.7% |
| — | +2.0% | +0.3% | -1.7% | +19.4% | +8.7% | +15.5% | +14.2% | +18.4% | +15.3% | +4.6% | +4.7% | +10.5% | |
| Net Margin | 15.5% | 15.2% | 14.9% | 14.5% | 17.3% | 15.0% | 15.4% | 15.3% | 14.8% | 13.6% | 13.9% | 12.8% | 12.2% |
| — | +1.6% | -3.2% | -4.8% | +16.4% | +10.5% | +10.2% | +19.3% | +21.6% | +13.8% | +15.1% | +5.8% | +12.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.5% | 4.7% | 5.1% | 5.2% | 6.2% | 5.1% | 5.6% | 6.0% | 5.5% | 4.9% | 5.4% | 4.8% | 4.3% |
| — | -7.6% | -8.4% | -12.9% | +11.1% | +4.7% | +3.5% | +24.9% | +28.4% | +20.9% | +25.5% | +19.4% | +22.1% | |
| ROA | 15.8% | 3.4% | 3.7% | 3.8% | 4.5% | 3.8% | 4.0% | 4.3% | 4.0% | 3.5% | 3.9% | 3.5% | 3.1% |
| — | -9.3% | -9.4% | -13.1% | +12.2% | +7.9% | +5.1% | +24.6% | +27.0% | +18.0% | +21.8% | +15.5% | +17.7% | |
| ROIC | 34.5% | 6.5% | 6.8% | 6.6% | 9.0% | 9.1% | 9.1% | 9.2% | 8.3% | 7.4% | 7.1% | 6.7% | 5.9% |
| — | -28.6% | -25.1% | -28.9% | +8.7% | +24.4% | +28.2% | +38.7% | +40.1% | +33.6% | +23.8% | +28.2% | +33.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 26.4% YoY to 3.36x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 3.36 | 3.36 | 3.22 | 3.23 | 2.92 | 4.57 | 4.10 | 3.69 | 3.48 | 3.35 | 3.28 | 3.27 | 3.12 |
| — | -26.4% | -21.3% | -12.3% | -16.2% | +36.4% | +24.8% | +12.8% | +11.8% | +6.3% | +2.7% | +4.7% | -1.9% | |
| Quick Ratio | 2.36 | 2.36 | 2.23 | 2.17 | 1.86 | 3.36 | 2.87 | 2.52 | 2.30 | 2.19 | 2.14 | 2.05 | 1.97 |
| — | -29.8% | -22.4% | -13.9% | -19.0% | +53.5% | +34.4% | +22.9% | +16.3% | +5.8% | +2.6% | +3.7% | -2.0% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BMI stock.
Badger Meter, Inc.'s current P/E is 28.3x. The average P/E over the last 4 quarters is 41.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Badger Meter, Inc.'s current operating margin is 20.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Badger Meter, Inc.'s business trajectory between earnings reports.