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Wednesday 4 November 2026 Export BMI’s income statement to Excel — free account

Badger Meter, Inc.

BMI Technology Scientific & Technical Instruments

Badger Meter, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $916.7 million, up 10.9% from fiscal 2024.

Revenue
+0.12%
EPS
+5.04%
Free cash flow
−16.4%

Quarter to September 2026, against a year earlier

166.07 13.49 +8.84%
Market cap
$4.4B
P/E
35.1×
Fwd P/E
33.0×
Dividend yield
1.07%
F-score
5/9
Altman Z
14.75
Beneish M
−2.21
Dividend safety
96/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Badger Meter, Inc. (BMI) EV/EBITDA

Alert me on EV/EBITDA

As of 3 November 2026, Badger Meter, Inc. (BMI) trades at a EV/EBITDA of 21.2×. Over the past ten years it has ranged from 11.9× (October 2016) to 37.8× (August 2023); the current reading is higher than 55% of that period. That is above the Scientific & Technical Instruments industry median of 19.5× and above the Technology sector median of 15.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 22.5× (27.94%)
FY2024 31.2× 3.92%
FY2023 30.0× 11.16%
FY2022 27.0× (4.63%)
FY2021 28.3× (3.80%)
FY2020 29.4× 38.37%
FY2019 21.3× 22.18%
FY2018 17.4× 3.48%
FY2017 16.8× 19.40%
FY2016 14.1× 6.34%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 17.1× (18.58%)
Jun 2026 21.1× 1.43%
Mar 2026 20.8× (7.67%)
Dec 2025 22.5× (5.03%)
43 more quarters

Against its own ten years

Low 11.9× High 37.8×
Ten-year median 20.4×
Current reading's percentile 55

EV/EBITDA against peers

Company EV/EBITDA
VNT Vontier Corporation compare 9.3×
ST Sensata Technologies Holding N.V. compare 9.8×
ITRI Itron, Inc. compare 13.9×
MKSI MKS Inc. compare 16.4×
TRMB Trimble Inc. compare 19.6×
ESE ESCO Technologies Inc. compare 21.1×
BMI Badger Meter, Inc. 21.2×
CGNX Cognex Corporation compare 35.0×
NOVT Novanta Inc. compare 36.0×
Scientific & Technical Instruments industry median 19.5×
Technology sector median 15.3×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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