Company research
BADGER METER INC
CIK 9092Updated Oct 26, 2026
SecurityBMI · NYSE · equity
Name history
BADGER METER INC · through Oct 23, 2026
BMI price & chart
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NYSE:BMI on TradingView ↗In the news
BADGER METER DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Badger Meter, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 3 Deadline in Securities Class Action - BMI ↗
BADGER METER, INC. (NYSE: BMI) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by August 3, 2026 ↗
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Badger Meter, Inc. of Class Action Lawsuit and Upcoming Deadlines - BMI ↗
Seeking Alpha
69 Dividend Champions Ranked By Quality Scores (November 2026) ↗
Oppenheimer's top 50 small- and mid-cap Sell ideas ↗
Badger Meter, Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
SEC disclosures
BADGER METER INC files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
11-K filing
Show 5 more recent filings
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 1.02, 2.03, 9.01
SD filing
Regulation FD Disclosure
Items 7.01, 9.01
SCHEDULE 13G - filed by STATE STREET CORP regarding BADGER METER INC
4 filing
Financials
FY 2025 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 978,270,000Source | 802,861,000Source | 998,169,000Source | 936,420,000Source | 781,260,000Source | 970,808,000Source | 899,596,000Source | 743,474,000Source | 973,577,000Source | 816,413,000Source | 716,919,000Source | 603,047,000Source |
| Property, Plant and Equipment, NetUSD | 78,362,000Source | 73,279,000Source | 83,437,000Source | 77,937,000Source | 72,454,000Source | 80,834,000Source | 75,687,000Source | 72,934,000Source | 79,636,000Source | 74,260,000Source | 73,878,000Source | 73,542,000Source |
| GoodwillUSD | 236,654,000Source | 115,001,000Source | 302,609,000Source | 235,699,000Source | 113,355,000Source | 234,653,000Source | 231,538,000Source | 113,474,000Source | 235,575,000Source | 111,770,000Source | 113,163,000Source | 101,261,000Source |
| Current assets: | ||||||||||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 115,056,000Source | 93,427,000Source | 121,234,000Source | 117,667,000Source | 106,229,000Source | 110,290,000Source | 111,855,000Source | 92,287,000Source | 112,356,000Source | 84,325,000Source | 83,507,000Source | 76,651,000Source |
| Inventory, NetUSD | 152,627,000Source | 158,517,000Source | 178,091,000Source | 147,261,000Source | 161,266,000Source | 175,193,000Source | 149,405,000Source | 160,444,000Source | 151,935,000Source | 143,408,000Source | 153,674,000Source | 119,856,000Source |
| Assets, CurrentUSD | 494,586,000Source | 529,296,000Source | 416,205,000Source | 448,275,000Source | 509,217,000Source | 508,301,000Source | 411,577,000Source | 470,598,000Source | 507,077,000Source | 540,116,000Source | 442,177,000Source | 347,832,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 25,210,000Source | 18,397,000Source | 21,147,000Source | 18,139,000Source | 15,510,000Source | 17,365,000Source | 18,959,000Source | 18,557,000Source | 16,770,000Source | 17,078,000Source | 13,214,000Source | 13,273,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 6,392,000Source | — | — | 6,478,000Source | — | — | 5,120,000Source | 12,538,000Source | 5,858,000Source | 5,522,000Source | 6,533,000Source |
| Other Assets, NoncurrentUSD | 13,955,000Source | 13,543,000Source | 19,269,000Source | 15,708,000Source | 13,350,000Source | 18,520,000Source | 17,123,000Source | 11,293,000Source | 18,653,000Source | 12,676,000Source | 11,249,000Source | 14,048,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source | 37,221,000Source |
| Retained Earnings (Accumulated Deficit)USD | 624,054,000Source | 527,080,000Source | 679,651,000Source | 600,763,000Source | 505,040,000Source | 661,540,000Source | 576,196,000Source | 479,925,000Source | 645,876,000Source | 547,796,000Source | 458,719,000Source | 395,155,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 5,115,000Source | -650,000Source | 265,000Source | 5,529,000Source | -5,343,000Source | 3,852,000Source | -2,748,000Source | -5,268,000Source | 6,474,000Source | -7,906,000Source | -1,646,000Source | -5,983,000Source |
| Stockholders' Equity Attributable to ParentUSD | 702,510,000Source | 591,185,000Source | 682,880,000Source | 677,592,000Source | 563,138,000Source | 690,431,000Source | 641,686,000Source | 535,567,000Source | 713,294,000Source | 606,232,000Source | 516,482,000Source | 442,422,000Source |
| Additional Paid in Capital, Common StockUSD | 72,541,000Source | 64,234,000Source | 80,123,000Source | 70,505,000Source | 62,915,000Source | 76,996,000Source | 67,516,000Source | 60,468,000Source | 75,290,000Source | 65,819,000Source | 59,185,000Source | 53,282,000Source |
| Liabilities and EquityUSD | 978,270,000Source | 802,861,000Source | 998,169,000Source | 936,420,000Source | 781,260,000Source | 970,808,000Source | 899,596,000Source | 743,474,000Source | 973,577,000Source | 816,413,000Source | 716,919,000Source | 603,047,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 153,422,000Source | 129,163,000Source | 171,872,000Source | 138,710,000Source | 138,119,000Source | 169,419,000Source | 141,017,000Source | 135,094,000Source | 150,716,000Source | 118,205,000Source | 131,948,000Source | 110,312,000Source |
| Accounts Payable, CurrentUSD | 69,786,000Source | 77,381,000Source | 97,827,000Source | 74,125,000Source | 96,011,000Source | 106,490,000Source | 73,789,000Source | 90,617,000Source | 72,299,000Source | 55,659,000Source | 81,807,000Source | 71,440,000Source |
| Deferred Income Tax Liabilities, NetUSD | 24,065,000Source | 5,108,000Source | 16,692,000Source | 24,109,000Source | 4,838,000Source | 3,359,000Source | 24,287,000Source | 4,894,000Source | 3,477,000Source | 3,652,000Source | 5,061,000Source | 4,648,000Source |
| Other Liabilities, NoncurrentUSD | 6,418,000Source | 6,014,000Source | 23,478,000Source | 6,840,000Source | 5,902,000Source | 10,764,000Source | 6,956,000Source | 4,503,000Source | 11,054,000Source | 4,801,000Source | 4,758,000Source | 37,808,000Source |
| Additional Financial Items | ||||||||||||
| Accounts Receivable, after Allowance for Credit LossUSD | 115,056,000Source | 93,427,000Source | 121,234,000Source | 117,667,000Source | 106,229,000Source | 110,290,000Source | 112,356,000Source | 92,287,000Source | 112,356,000Source | 84,325,000Source | 83,507,000Source | 76,651,000Source |
| Deferred Revenue, NoncurrentUSD | 69,180,000Source | 60,879,000Source | 78,784,000Source | 68,545,000Source | 59,449,000Source | 73,347,000Source | 65,445,000Source | 54,181,000Source | 72,771,000Source | 64,153,000Source | 49,763,000Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,168,000Source | 1,828,000Source | 9,190,000Source | 6,182,000Source | 5,188,000Source | 3,148,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -1,795,000Source | 20,497,000Source | 20,115,000Source | 1,444,000Source | 6,351,000Source | 11,328,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 23,695,000Source | 120,000Source | 987,000Source | -10,320,000Source | 32,467,000Source | 21,021,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 34,263,000Source | 16,294,000Source | 14,399,000Source | -12,161,000Source | 8,506,000Source | 28,007,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -854,000Source | -11,074,000Source | -9,650,000Source | -5,619,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 33,893,000Source | 33,027,000Source | 183,698,000Source | 155,034,000Source | 110,117,000Source | 82,451,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 184,937,000Source | 184,024,000Source | 3,000,000Source | 17,127,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -4,427,000Source | -187,903,000Source | -198,050,000Source | -15,818,000Source | -29,130,000Source | -5,891,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 4,427,000Source | 2,966,000Source | 14,026,000Source | 12,818,000Source | 12,003,000Source | 5,891,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 38,213,000Source | 0Source | 15,002,000Source | 0Source | — | 427,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -49,782,000Source | -9,949,000Source | -57,977,000Source | -35,096,000Source | -28,085,000Source | -24,605,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 11,709,000Source | 10,017,000Source | 43,529,000Source | 35,847,000Source | 29,052,000Source | 24,881,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -20,563,000Source | -163,947,000Source | -69,289,000Source | 103,523,000Source | 53,730,000Source | 50,878,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | — | — |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 48,753,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| AmortizationUSD | — | — | — | — | — | — | 6,235,000Source | 5,478,000Source | 23,481,000Source | 21,082,000Source | 17,173,000Source | 15,151,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 14,700,000Source | 9,100,000Source | 8,600,000Source | 8,600,000Source |
| DepreciationUSD | — | — | — | — | — | — | 2,820,000Source | 2,804,000Source | 11,103,000Source | 11,103,000Source | 10,937,000Source | 11,090,000Source |
| GoodwillUSD | — | — | 236,654,000Source | 115,001,000Source | 302,609,000Source | 235,699,000Source | 234,653,000Source | 231,538,000Source | 235,575,000Source | 111,770,000Source | 113,163,000Source | 101,261,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 12,365,000Source | 10,873,000Source | 10,004,000Source | 11,202,000Source | 9,002,000Source | 12,389,000Source | 47,023,000Source | 41,558,000Source | 29,368,000Source | 21,221,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 35,077,000Source | 32,038,000Source | 29,720,000Source | 34,584,000Source | 27,335,000Source | 38,398,000Source | 141,634,000Source | 124,942,000Source | 92,598,000Source | 66,496,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 920,000Source | — | — | — | — | 4,513,000Source | 3,626,000Source | 3,406,000Source | 3,447,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 140,000Source | 68,000Source | 554,000Source | 751,000Source | 967,000Source | 703,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 235,651,000Source | 208,438,000Source | 222,321,000Source | 238,095,000Source | 202,277,000Source | 222,211,000Source | 916,663,000Source | 826,558,000Source | 703,592,000Source | 565,568,000Source |
| Cost of RevenueUSD | — | — | 139,815,000Source | 124,560,000Source | 131,548,000Source | 140,285,000Source | 117,950,000Source | 126,774,000Source | 534,593,000Source | 497,374,000Source | 427,154,000Source | 345,598,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 49,752,000Source | 43,255,000Source | 51,396,000Source | 52,947,000Source | 49,156,000Source | 46,012,000Source | 198,649,000Source | 171,248,000Source | 158,389,000Source | 132,675,000Source |
| Operating Income (Loss)USD | — | — | 46,084,000Source | 40,623,000Source | 39,377,000Source | 44,863,000Source | 35,171,000Source | 49,425,000Source | 183,421,000Source | 157,936,000Source | 118,049,000Source | 87,295,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 47,442,000Source | 42,911,000Source | 39,724,000Source | 45,786,000Source | 36,337,000Source | 50,787,000Source | 188,657,000Source | 166,500,000Source | 121,966,000Source | 87,717,000Source |
| Income Tax Expense (Benefit)USD | — | — | 12,365,000Source | 10,873,000Source | 10,004,000Source | 11,202,000Source | 9,002,000Source | 12,389,000Source | 47,023,000Source | 41,558,000Source | 29,368,000Source | 21,221,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 35,077,000Source | 32,038,000Source | 29,720,000Source | 34,584,000Source | 27,335,000Source | 38,398,000Source | 141,634,000Source | 124,942,000Source | 92,598,000Source | 66,496,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.19Source | 1.09Source | 1.02Source | 1.18Source | 0.94Source | 1.31Source | 4.82Source | 4.26Source | 3.16Source | 2.28Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.19Source | 1.08Source | 1.02Source | 1.17Source | 0.93Source | 1.3Source | 4.79Source | 4.23Source | 3.14Source | 2.26Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 29,424,004Source | 29,369,923Source | 29,038,125Source | 29,414,457Source | 29,214,558Source | 29,378,491Source | 29,398,000Source | 29,356Source | 29,284Source | 29,218Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 29,583,384Source | 29,547,928Source | 29,141,991Source | 29,585,340Source | 29,365,170Source | 29,564,797Source | 29,569,000Source | 29,534Source | 29,456Source | 29,376Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 14,700,000Source | 9,100,000Source | 8,600,000Source | 8,600,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | — | — | 95,836,000Source | 83,878,000Source | 90,773,000Source | 97,810,000Source | 84,327,000Source | 95,437,000Source | 382,070,000Source | 329,184,000Source | 276,438,000Source | 219,970,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 186,739,000Source | 169,608,000Source | 120,384,000Source | 83,680,000Source |
| Interest Income (Expense), NetUSD | — | — | 1,330,000Source | 2,301,000Source | 319,000Source | 895,000Source | 1,138,000Source | 1,334,000Source | 5,124,000Source | 8,613,000Source | 4,047,000Source | 552,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 920,000Source | — | — | — | — | 4,513,000Source | 3,626,000Source | 3,406,000Source | 3,447,000Source |
| Research and Development ExpenseUSD | — | — | — | — | — | — | — | — | 21,600,000Source | 19,200,000Source | 19,000,000Source | 15,800,000Source |
| Common Stock, Dividends, Per Share, Declared | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |