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) P/E ratio

Alert me on P/E ratio

As of 3 November 2026, Badger Meter, Inc. (BMI) trades at a P/E ratio of 35.1×. Over the past ten years it has ranged from 25.5× (April 2026) to 69.5× (December 2018); the current reading is higher than 27% of that period. That is above the Scientific & Technical Instruments industry median of 31.4× and above the Technology sector median of 27.2×.

P/E ratio, daily

Embed this chart

Annual newest first

Period P/E ratio Change
FY2025 36.2× (27.33%)
FY2024 49.8× 0.61%
FY2023 49.5× 2.44%
FY2022 48.3× (5.70%)
FY2021 51.2× (7.41%)
FY2020 55.3× 38.05%
FY2019 40.1× (21.81%)
FY2018 51.3× 29.50%
FY2017 39.6× 19.07%
FY2016 33.2× 2.11%

Quarterly newest first

Period P/E ratio Change
Sep 2026 28.4× (17.89%)
Jun 2026 34.6× 1.03%
Mar 2026 34.2× (5.39%)
Dec 2025 36.2× (4.16%)
43 more quarters

Against its own ten years

Low 25.5× High 69.5×
Ten-year median 41.2×
Current reading's percentile 20

P/E ratio against peers

Company P/E ratio
TRMB Trimble Inc. compare n/m
VNT Vontier Corporation compare 15.1×
ITRI Itron, Inc. compare 15.6×
ST Sensata Technologies Holding N.V. compare 16.5×
ESE ESCO Technologies Inc. compare 20.7×
MKSI MKS Inc. compare 31.4×
BMI Badger Meter, Inc. 35.1×
CGNX Cognex Corporation compare 55.4×
NOVT Novanta Inc. compare 92.5×
Scientific & Technical Instruments industry median 31.4×
Technology sector median 27.2×
Market median 18.3×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

More on BMI