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) Return on invested capital

Alert me on Return on invested capital

Badger Meter, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 17.7%, down 5.8 percentage points from fiscal 2025 (23.5%). Over the past ten years it has ranged from 11.8% (fiscal 2015) to 31.8% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Scientific & Technical Instruments industry median of 4.67% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 23.5% (8.22)
FY2024 31.8% 9.03
FY2023 22.7% 4.79
FY2022 17.9% 2.35
FY2021 15.6% 1.49
FY2020 14.1% 0.33
FY2019 13.8% 1.52
FY2018 12.2% (1.04)
FY2017 13.3% 0.05
FY2016 13.2% 1.41

Against its own ten years

Low 11.8% High 31.8%
Ten-year median 14.1%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
BMI Badger Meter, Inc. 17.7%
VNT Vontier Corporation compare 14.3%
CGNX Cognex Corporation compare 12.2%
ITRI Itron, Inc. compare 8.09%
ESE ESCO Technologies Inc. compare 7.76%
ST Sensata Technologies Holding N.V. compare 7.39%
MKSI MKS Inc. compare 6.74%
TRMB Trimble Inc. compare 6.32%
NOVT Novanta Inc. compare 5.12%
Scientific & Technical Instruments industry median 4.67%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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