Badger Meter, Inc.

Badger Meter, Inc.

BMIยทNYSE

$129.80

-0.062%
TechnologyHardware, Equipment & Parts

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.

At a Glance

Live Snapshot
Market Cap$3.79B
EPS4.8200
P/E Ratio26.93
Earnings Date07/28/2026
3Y+123.0%
5Y+105.0%
10Y+227.0%
3Y+3262.0%
5Y+419.0%
10Y+1498.0%
3Y+136.0%
5Y+108.0%
10Y+30.0%
BMI

Badger Meter, Inc. Cash Conversion Engine

BMI ยท NYSE
Net Income141.63M
Depreciation & Amortization34.58M
Stock-Based Compensation9.19M
Change in Working Capital-992.00K
Others136.00K
Capital Expenditures-14.03M
Free Cash Flow169.67M

Cash Flow Quality Analysis

FCF Conversion Rate

119.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

7.6%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+19.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$992.00K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Badger Meter, Inc. Cash Flow Statement

BMI โ€ข NYSE

Badger Meter, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
141.6M
124.9M
92.6M
66.5M
60.9M
49.3M
47.2M
27.8M
34.6M
32.3M
25.9M
29.7M
24.6M
28M
19.2M
28.7M
34.2M
25.1M
16.5M
7.5M
34.6M
32.2M
28.1M
26.2M
27.9M
25.2M
24.1M
24.3M
24.4M
22.4M
20.6M
15.7M
13.5M
12.1M
9.5M
8.5M
8.2M
7.1M
6.5M
7M
-854K
-11.1M
-9.7M
-5.6M
-3M
-3.1M
-1.5M
-5.3M
-4.1M
710K
-3M
-1.3M
1.5M
-551K
-800K
2M
5.2M
-1.5M
-1.1M
-2.1M
9.2M
6.2M
5.2M
3.1M
2.3M
1.4M
1.2M
4.2M
1.7M
1.5M
1.5M
1.4M
1.4M
1.3M
1.5M
1.4M
1.2M
1.3M
1.2M
0.0
136K
-153K
-338K
-648K
-234K
206K
-40K
17.5M
-111K
-340K
1.3M
4.4M
1.4M
-975K
4.7M
-3.2M
-15M
2.4M
2.7M
5.5M
(0.0)
(56M)
(38.9M)
(24M)
(20M)
(18M)
(13.1M)
(12.5M)
(17.9M)
(19.7M)
(18.2M)
(17.2M)
(15.3M)
(15.2M)
(10.3M)
(10.9M)
(13.2M)
(10.9M)
(0.0)
(0.0)
-992K
3M
-5.8M
-7.2M
-277K
16.5M
9.7M
-8.2M
-6.7M
-459K
-10.5M
-14.1M
-7.5M
-5M
-2.7M
-18.9M
2.9M
-7.3M
2.6M
-1.2M
183.7M
155M
110.1M
82.5M
87.5M
89.6M
80.7M
60.4M
49.8M
56.2M
35.8M
35.7M
34.8M
34.8M
31.3M
18.4M
36.6M
27.1M
28.3M
16.8M
INVESTING ACTIVITIES
-14M
-12.8M
-12M
-5.9M
-6.7M
-9.1M
-7.5M
-8.6M
-15.1M
-10.6M
-19.8M
-12.3M
-14.3M
-8.2M
-5.3M
-17.3M
-7.8M
-38.9M
-16M
-11.1M
-184M
-3M
-17.1M
-45.3M
-45.3M
-29.1M
-8M
-8M
-20.4M
-1.8M
-1.9M
-20.8M
-15.4M
-51.5M
-4M
-7.3M
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
45.3M
596K
0.0
8M
0.0
0.0
0.0
0.0
0.0
0.0
-51.5M
-9.5M
-1.5M
-24M
723K
2.9M
-516K
-198.1M
-15.8M
-29.1M
-5.9M
-51.4M
-38.2M
-7.5M
-16.7M
-35.4M
-12.4M
-21.7M
-33.2M
-29.7M
-59.7M
-9.3M
-26M
-7.8M
-38.2M
-13.1M
-11.6M
FINANCING ACTIVITIES
-14.4M
751K
967K
-427K
-388K
-2.9M
-5M
-4.3M
-3.8M
518K
470K
469K
498K
-29.5M
493K
-848K
183K
176K
1.7M
3.6M
0.0
0.0
0.0
0.0
0.0
-4.6M
-13.5M
0.0
0.0
0.0
0.0
0.0
0.0
65.1M
-11.9M
5M
-17.2M
8.6M
-9.9M
-5.9M
-43.5M
-35.8M
-29.1M
-24.9M
-22.2M
-20.3M
-18.6M
-16.3M
-14.2M
-12.5M
-11.3M
-10.6M
-10M
-9.5M
-9M
-7.8M
-6.8M
-5.9M
-4.9M
-4.3M
-15M
(0.0)
(0.0)
-427K
-460K
-3.1M
-5.2M
-4.8M
-4.4M
(0.0)
(0.0)
(0.0)
(0.0)
-30M
(0.0)
-1M
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
703K
2.1M
-1M
-407K
-21.6M
7.6M
-32.5M
-2.2M
7.4M
5.2M
679K
426K
887K
2.3M
6M
2M
2.9M
-58M
-35.1M
-28.1M
-24.6M
-20.5M
-27.8M
-37.7M
-42.1M
-10.4M
-44.5M
-13M
-2.7M
-4.3M
26.8M
-20M
-2.7M
-21.5M
8.9M
-11.1M
-3.7M
CASH FLOW SUMMARY
3M
-597K
828K
-1.1M
-679K
-164K
276K
403K
-54K
-143K
318K
-438K
-118K
-282K
-144K
127K
-233K
-256K
-453K
-825K
-69.3M
103.5M
53.7M
50.9M
14.9M
23.4M
35.8M
1.9M
3.8M
-825K
1.5M
-607K
709K
1.6M
1.9M
-10.2M
7.1M
-2.5M
3.6M
645K
295.3M
191.8M
138.1M
87.2M
72.3M
48.9M
13.1M
11.2M
7.3M
8.2M
6.7M
7.3M
6.6M
5M
3.1M
13.3M
6.2M
8.7M
5M
4.4M
226M
295.3M
191.8M
138.1M
87.2M
72.3M
48.9M
13.1M
11.2M
7.3M
8.2M
6.7M
7.3M
6.6M
5M
3.1M
13.3M
6.2M
8.7M
5M
169.7M
142.2M
98.1M
76.6M
80.8M
80.5M
73.2M
51.7M
34.7M
45.6M
16.1M
23.4M
20.5M
26.6M
26M
1.1M
28.8M
-11.8M
12.3M
5.7M

SEC Filings

BMI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 21, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 24, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 20, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 17, 2026
April 17, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 13, 2026
March 11, 2026
2026
10-K

10-K 2025 FY

FY

February 17, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 28, 2026
January 28, 2026
2026
8-K

8-K 2025

N/A

December 11, 2025
December 10, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 22, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 21, 2025
October 21, 2025
2025
Showing 1 to 10 of 320 filings