Badger Meter Inc
Research Badger Meter Inc (BMI) on Bullrun: valuation model: 8.8% undervalued, market cap USD 3.95B, P/E 31.9, dividend yield 0.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBMI
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustryScientific & Technical Instruments
- CurrencyUSD
- Valuation signal8.8% undervalued
- Market capUSD 3.95B
- P/E31.9
- Dividend yield0.9%
- Financial periodQ2 2026
- RevenueUSD 222.32M
- Net incomeUSD 29.72M
- Free cash flowUSD 21.87M
- Gross margin40.8%
Valuation Snapshot
Bullrun's latest valuation model marks Badger Meter Inc as 8.8% undervalued; latest market cap is USD 3.95B; P/E is 31.9; dividend yield is 0.9%.
Peer valuation comparison
Latest P/E is 31.91x versus a Technology sector median of 28.57x (11.7% above).
Latest dividend yield is 0.88% versus a Technology sector median of 1.65% (46.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 916.66M | USD 141.63M | USD 169.67M | 41.7% | 4.79 | USD 226.02M | USD 0 | USD 713.29M |
| FY2024 | USD 826.56M | USD 124.94M | USD 142.22M | 39.8% | 4.23 | USD 295.31M | USD 0 | USD 606.23M |
| FY2023 | USD 703.59M | USD 92.60M | USD 98.11M | 39.3% | 3.14 | USD 191.78M | USD 0 | USD 516.48M |
| FY2022 | USD 565.57M | USD 66.50M | USD 76.56M | 38.9% | 2.26 | USD 138.05M | USD 0 | USD 442.42M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.95B | 31.9 | 0.9% | 1.2 |
| 2025 | 2025-12-31 | USD 5.13B | 36.4 | 0.8% | 1.48 |
| 2024 | 2024-12-31 | USD 6.24B | 50.1 | 0.6% | 1.22 |
| 2023 | 2023-12-29 | USD 4.53B | 53.2 | 0.6% | 1 |
| 2022 | 2022-12-30 | USD 3.19B | 48.2 | 0.8% | 0.86 |
| 2021 | 2021-12-31 | USD 3.12B | 51.2 | 0.7% | 0.76 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.2 USD, yield 0.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.48 USD |
| FY2024 | 1.22 USD |
| FY2023 | 0.99 USD |
| FY2022 | 0.85 USD |
About Badger Meter Inc
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market.
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Frequently asked questions
Is Badger Meter Inc overvalued or undervalued?
Bullrun's valuation model currently marks Badger Meter Inc as 8.8% undervalued.
What is Badger Meter Inc's market cap?
Badger Meter Inc's market capitalization is USD 3.95B.
What is Badger Meter Inc's P/E ratio?
Badger Meter Inc's price-to-earnings (P/E) ratio is 31.9.
Does Badger Meter Inc pay a dividend?
Badger Meter Inc has a dividend yield of 0.9%.
What does Badger Meter Inc do?
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market. It also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids, including water, air, steam, 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.