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. In the quarter to June 2026, revenue fell 6.63%, EPS fell 13.6% and free cash flow fell 46.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Badger Meter, Inc. (BMI) P/E ratio
As of 9 October 2026, Badger Meter, Inc. (BMI) trades at a P/E ratio of 30.6×. Over the past ten years it has ranged from 25.5× (April 2026) to 69.5× (December 2018); the current reading is higher than 9% of that period. That is below the Scientific & Technical Instruments industry median of 36.9× and in line with the Technology sector median of 30.1×.
P/E ratio, daily
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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 |
|---|---|---|
| Jun 2026 | 34.6× | 1.03% |
| Mar 2026 | 34.2× | (5.39%) |
| Dec 2025 | 36.2× | (4.16%) |
| Sep 2025 | 37.8× | (28.64%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| TRMB Trimble Inc. compare | n/m |
| VNT Vontier Corporation compare | 13.3× |
| ITRI Itron, Inc. compare | 14.1× |
| ITRN Ituran Location and Control Ltd. compare | 16.1× |
| ESE ESCO Technologies Inc. compare | 21.2× |
| BMI Badger Meter, Inc. | 30.6× |
| CGNX Cognex Corporation compare | 59.9× |
| ST Sensata Technologies Holding N.V. compare | 69.3× |
| NOVT Novanta Inc. compare | 89.4× |
| Scientific & Technical Instruments industry median | 36.9× |
| Technology sector median | 30.1× |
| Market median | 17.9× |
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)