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

Badger Meter, Inc. (BMI) Free cash flow margin

Alert me on Free cash flow margin

Badger Meter, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 16.2%, down 2.4 percentage points from fiscal 2025 (18.5%). Over the past ten years it has ranged from 4.25% (fiscal 2015) to 18.9% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Scientific & Technical Instruments industry median of 10.5% and above the Technology sector median of 1.27%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 18.5% 1.30
FY2024 17.2% 3.27
FY2023 13.9% 0.40
FY2022 13.5% (2.45)
FY2021 16.0% (2.93)
FY2020 18.9% 1.68
FY2019 17.2% 5.32
FY2018 11.9% 3.30
FY2017 8.62% (2.96)
FY2016 11.6% 7.33

Against its own ten years

Low 4.25% High 18.9%
Ten-year median 13.9%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
CGNX Cognex Corporation compare 25.3%
TRMB Trimble Inc. compare 20.4%
ST Sensata Technologies Holding N.V. compare 16.7%
BMI Badger Meter, Inc. 16.2%
ITRI Itron, Inc. compare 15.8%
ESE ESCO Technologies Inc. compare 15.2%
VNT Vontier Corporation compare 12.6%
NOVT Novanta Inc. compare 10.6%
MKSI MKS Inc. compare 10.5%
Scientific & Technical Instruments industry median 10.5%
Technology sector median 1.27%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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