Stock AnalizBadger Meter Inc. BMI
Industrial Machinery/Components · IPO 1971 · data as of November 13, 2026
Badger Meter Inc. (BMI) is a industrial company listed in the US with a market value of about $4.4B. In the twelve months to September 30, 2026 it had revenue of $881M and net income of $127M, a net margin of 14.4%.
Its overall Stock Analiz score is 3.8 out of 5 (good). The strongest part is track record (5/5); the weakest is value (1/5).
Key numbers: a P/E of 35.7, a price to free cash flow of 31.0, 5-year revenue growth of 17% a year, a 5-year average ROIC of 17%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 45% below the current price.
Score: 3.8 / 5
Checks passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Strong R&D investment or growth above 20%
- Share count down over 3 years (buybacks)
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $881M | $917M | $827M | $704M | $566M | $505M | $426M | $425M | $434M | $402M | $394M |
| Net income | $127M | $142M | $125M | $93M | $66M | $61M | $49M | $47M | $28M | $35M | $32M |
| Free cash flow | $142M | $170M | $142M | $98M | $77M | $81M | $81M | $73M | $52M | $35M | $46M |
| EPS (diluted) | $4.33 | $4.79 | $4.23 | $3.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Net margin | 14.4% | 15.4% | 15.1% | 13.2% | 11.8% | 12.0% | 11.6% | 11.1% | 6.4% | 8.6% | 8.2% |
| ROIC | — | 19.0% | 19.4% | 17.2% | 14.7% | 14.9% | 13.4% | 13.8% | 13.2% | 11.1% | 11.6% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $165.75, 7% above the current price; targets range from $112.00 to $187.00; the consensus rating is “Buy”; expected EPS is $4.47 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Badger Meter’s P/E ratio?
About 35.7, based on the last twelve months of diluted earnings per share (forward P/E about 32.1).
Is Badger Meter stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 45% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Badger Meter pay a dividend?
Yes. The dividend yield is about 1.11%, and it has paid dividends for 10 years in our data.
Is Badger Meter a good stock to buy?
We do not give buy or sell advice. Badger Meter scores 3.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.