Is BMI a good stock to buy right now?

Based on our 6-factor quantitative model, BADGER METER INC (BMI) receives a "Hold" rating with a composite score of 40.4/100. It is ranked #1,533 out of 4,446 stocks. Key factor scores: Quality 50/100, Value 56/100, Momentum 29/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for BMI?

BADGER METER INC (BMI) has a "Hold" rating and 3-star score. The composite score of 40.4 ranks it #1,533 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is BMI in?

BADGER METER INC operates in the Technology sector (Measuring And Control Equipment industry) with a market cap of $4.50 billion. It is classified as a mid-cap stock.

Does BMI pay a dividend?

BMI does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is BMI's P/E ratio?

BMI has a trailing P/E ratio of 31.65x. The Technology sector average is 45.3x. This above-average P/E reflects growth expectations or premium valuation.

How profitable is BMI?

BMI's quality factor score is 50/100. Gross margin: 41.2%. ROE: 19.6% vs sector average -1.4%. Margins are moderate to low, reflecting competitive market dynamics.

How is BMI valued compared to peers?

BMI's value factor score is 56/100 (higher = cheaper). Key multiples: P/E 31.6x, EV/EBITDA 24.5x. Valuation is roughly in line with peers.

What is BMI's debt level?

BMI's debt-to-equity ratio is 36%. Sector average: 43%. Low leverage suggests conservative financial management.

BMI has a beta of 0.94, meaning it tracks the market. Stability score: 61/100.

Does BMI have high short interest?

BMI's short interest factor score is 6/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

BMI Stock Analysis: Top Mid-Cap Hold (Score 40.4/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
BMI	-0.12%	-0.96%	+5.46%	-11.00%	-14.79%	-	-	-
Industry Proxy XLK	+0.39%	+4.88%	+2.05%	-0.94%	-26.62%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.05%	-4.56%	+5.12%	-10.64%	-44.31%	-	-	-
Alpha vs Sector	-0.50%	-5.83%	+3.41%	-10.06%	+11.84%	-	-	-

Metric	BMI	Benchmark
P/E Ratio	31.6x	-30%
EV/EBITDA	24.5x	+92%
Price / Book	6.2x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
VRSN VERISIGN INC/CA	56	79	59	40	30.7x	-41.1%	88.0%	50.6%	8.3%	-87.0x	$23.0B	VS
IHS IHS Holding Ltd	55	42	63	63	-	-616.0%	48.0%	-96.1%	-	365.0x	$2.8B	VS
LHX L3HARRIS TECHNOLOGIES, INC. /DE/	55	50	52	66	37.5x	9.0%	25.5%	8.1%	10.3%	110.0x	$66.1B	VS
ESP ESPEY MFG & ELECTRONICS CORP	53	48	44	71	25.8x	12.8%	29.0%	17.1%	-11.7%	66.0x	$169M	VS
NYAX Nayax Ltd.	52	38	46	78	-	-13.6%	44.6%	-1.8%	-	30.0x	$2.2B	VS
ESE ESCO TECHNOLOGIES INC	52	49	40	69	65.6x	7.4%	40.8%	10.4%	16.3%	9.0x	$7.6B	VS
INTT INTEST CORP	52	50	32	72	-	-3.2%	43.1%	-3.1%	-22.8%	46.0x	$179M	VS
KARO Karooooo Ltd.	49	50	72	53	-	117.1%	69.5%	20.3%	-	10.0x	$1.6B	VS
MTC MMTec, Inc.	47	32	40	96	-	-1,370.8%	81.6%	-4,879.7%	-	120.0x	$136M	VS
CCLD CareCloud, Inc.	47	38	71	60	12.4x	18.5%	48.0%	9.6%	10.6%	47.0x	$154M	VS
BMI BADGER METER INC	40	50	56	29	31.7x	19.6%	41.2%	15.5%	8.8%	36.0x	$4.5B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%
Operating Margin %	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%
EBITDA Margin %	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%	0.2%	0.2%
Net Margin %	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
FCF Margin %	-14.9%	-	17.2%	-	-	-	18.9%	17.2%	11.9%	8.6%	11.6%
ROE %	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%
ROA %	0.1%	0.1%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
ROIC %	27.9%	20.3%	40.1%	18.1%	15.6%	15.4%	17.8%	17.1%	14.6%	14.4%	14.5%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.4%

Operating Margin %

0.2%

0.1%

EBITDA Margin %

0.2%

0.1%

0.2%

Net Margin %

0.2%

0.1%

FCF Margin %

-14.9%

17.2%

18.9%

17.2%

11.9%

8.6%

11.6%

ROE %

0.2%

0.1%

ROA %

0.1%

0.2%

0.1%

ROIC %

27.9%

20.3%

40.1%

18.1%

15.6%

15.4%

17.8%

17.1%

14.6%

14.4%

14.5%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$904M	$917M	$827M	$704M	$566M	$505M	$426M	$425M	$434M	$402M	$394M	$378M
	—	$535M	—	$427M	$346M	$300M	—	—	—	—	—	—
	$373M	$382M	$329M	$276M	$220M	$205M	$168M	$164M	$162M	$156M	$151M	$136M
Gross Margin	41.2%	41.7%	39.8%	39.3%	38.9%	40.7%	39.5%	38.5%	37.4%	38.7%	38.2%	35.9%
	—	$199M	—	$158M	$133M	$127M	—	—	—	—	—	—
Research & Development	—	$22M	—	$19M	$16M	$15M	—	—	—	—	—	—
Depreciation	—	—	$32M	—	—	—	$25M	$24M	$24M	$24M	$22M	$21M
Total Operating Expenses	—	$199M	—	$158M	$133M	$127M	—	—	—	—	—	—
	$181M	$183M	$158M	$118M	$87M	$79M	$65M	$62M	$57M	$57M	$53M	$42M
EBIT	$181M	$183M	$158M	$118M	$87M	$79M	$65M	$62M	$57M	$57M	$53M	$42M
EBITDA	$181M	$183M	$190M	$118M	$87M	$79M	$90M	$86M	$61M	$80M	$73M	$63M
Operating Margin	20.0%	20.0%	19.1%	16.8%	15.4%	15.6%	15.3%	14.6%	13.1%	14.1%	13.4%	11.2%
EBITDA Margin	20.0%	20.0%	23.0%	16.8%	15.4%	15.6%	21.2%	20.3%	14.1%	19.9%	18.6%	16.7%
	—	—	-$9M	—	—	—	$30K	$253K	$1M	$789K	$921K	$1M
	—	$189M	—	$122M	$88M	$79M	—	—	—	—	—	—
Income Tax Expense	—	$47M	$42M	$29M	$21M	$18M	$16M	$14M	$8M	$20M	$18M	$15M
	$140M	$142M	$125M	$93M	$66M	$61M	$49M	$47M	$28M	$35M	$32M	$26M
Net Margin	15.5%	15.4%	15.1%	13.2%	11.8%	12.0%	11.6%	11.1%	6.4%	8.6%	8.2%	6.9%
	$4.82	$4.82	$4.26	$3.16	$2.28	$2.09	$1.70	$1.63	$0.96	$1.20	$1.12	$0.90
Diluted EPS	$4.82	$4.79	$4.26	$3.14	$2.26	$2.08	$1.70	$1.63	$0.96	$1.20	$1.12	$0.90
Weighted Avg Basic	—	29M	—	29K	29K	29K	—	—	—	—	—	—
Weighted Avg Diluted	—	30M	—	29K	29K	29K	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$904M

$917M

$827M

$704M

$566M

$505M

$426M

$425M

$434M

$402M

$394M

$378M

—

$535M

—

$427M

$346M

$300M

—

$373M

$382M

$329M

$276M

$220M

$205M

$168M

$164M

$162M

$156M

$151M

$136M

Gross Margin

41.2%

41.7%

39.8%

39.3%

38.9%

40.7%

39.5%

38.5%

37.4%

38.7%

38.2%

35.9%

—

$199M

—

$158M

$133M

$127M

—

Research & Development

—

$22M

—

$19M

$16M

$15M

—

Depreciation

—

$32M

—

$25M

$24M

$22M

$21M

Total Operating Expenses

—

$199M

—

$158M

$133M

$127M

—

$181M

$183M

$158M

$118M

$87M

$79M

$65M

$62M

$57M

$53M

$42M

EBIT

$181M

$183M

$158M

$118M

$87M

$79M

$65M

$62M

$57M

$53M

$42M

EBITDA

$181M

$183M

$190M

$118M

$87M

$79M

$90M

$86M

$61M

$80M

$73M

$63M

Operating Margin

20.0%

19.1%

16.8%

15.4%

15.6%

15.3%

14.6%

13.1%

14.1%

13.4%

11.2%

EBITDA Margin

20.0%

23.0%

16.8%

15.4%

15.6%

21.2%

20.3%

14.1%

19.9%

18.6%

16.7%

—

-$9M

—

$30K

$253K

$1M

$789K

$921K

$1M

—

$189M

—

$122M

$88M

$79M

—

Income Tax Expense

—

$47M

$42M

$29M

$21M

$18M

$16M

$14M

$8M

$20M

$18M

$15M

$140M

$142M

$125M

$93M

$66M

$61M

$49M

$47M

$28M

$35M

$32M

$26M

Net Margin

15.5%

15.4%

15.1%

13.2%

11.8%

12.0%

11.6%

11.1%

6.4%

8.6%

8.2%

6.9%

$4.82

$4.26

$3.16

$2.28

$2.09

$1.70

$1.63

$0.96

$1.20

$1.12

$0.90

Diluted EPS

$4.82

$4.79

$4.26

$3.14

$2.26

$2.08

$1.70

$1.63

$0.96

$1.20

$1.12

$0.90

Weighted Avg Basic

—

29M

—

29K

—

Weighted Avg Diluted

—

30M

—

29K

—

BADGER METER INC (BMI) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does BADGER METER INC Do?

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin. BADGER METER INC (BMI) is classified as a mid-cap stock in the Technology sector, specifically within the Measuring And Control Equipment industry. The company is led by CEO Kenneth C. Bockhorst and employs approximately 1,980 people, headquartered in MILWAUKEE, Wisconsin. With a market capitalization of $4.5B, BMI is one of the notable companies in the Technology sector.

BADGER METER INC (BMI) Stock Rating — Hold (April 2026)

As of April 2026, BADGER METER INC receives a Hold rating with a composite score of 40.4/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.BMI ranks #1,533 out of 4,446 stocks in our coverage universe. Within the Technology sector, BADGER METER INC ranks #169 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

BMI Stock Price and 52-Week Range

BADGER METER INC (BMI) currently trades at $155.23. The stock lost $0.18 (0.1%) in the most recent trading session. The 52-week high for BMI is $256.08, which means the stock is currently trading -39.4% from its annual peak. The 52-week low is $139.14, putting the stock 11.6% above its annual trough. Recent trading volume was 419K shares, suggesting relatively thin trading activity.

Is BMI Overvalued or Undervalued? — Valuation Analysis

BADGER METER INC (BMI) carries a value factor score of 56/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 31.65x, compared to the Technology sector average of 45.27x — a discount of 30%. The price-to-book ratio stands at 6.22x, versus the sector average of 3.16x. The price-to-sales ratio is 4.90x, compared to 1.06x for the average Technology stock. On an enterprise value basis, BMI trades at 24.50x EV/EBITDA, versus 12.79x for the sector.

Overall, BMI's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

BADGER METER INC Profitability — ROE, Margins, and Quality Score

BADGER METER INC (BMI) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 19.6%, compared to the Technology sector average of -1.4%, which is within a healthy range. Return on assets (ROA) comes in at 14.4% versus the sector average of -1.0%.

On a margin basis, BADGER METER INC reports gross margins of 41.2%, compared to 50.9% for the sector. The operating margin is 20.0% (sector: -0.5%). Net profit margin stands at 15.5%, versus -1.5% for the average Technology stock. Revenue growth is running at 8.8% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

BMI Debt, Balance Sheet, and Financial Health

BADGER METER INC has a debt-to-equity ratio of 36.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 3.36x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $202M.

BMI has a beta of 0.94, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for BADGER METER INC is 61/100, reflecting average volatility within the normal range for its sector.

BADGER METER INC Revenue and Earnings History — Quarterly Trend

In TTM 2026, BADGER METER INC reported revenue of $904M and earnings per share (EPS) of $4.82. Net income for the quarter was $140M. Gross margin was 41.2%. Operating income came in at $181M.

In FY 2025, BADGER METER INC reported revenue of $917M and earnings per share (EPS) of $4.82. Net income for the quarter was $142M. Gross margin was 41.7%. Revenue grew 10.9% year-over-year compared to FY 2024. Operating income came in at $183M.

In Q3 2025, BADGER METER INC reported revenue of $236M and earnings per share (EPS) of $1.19. Net income for the quarter was $35M. Gross margin was 40.7%. Revenue grew 13.1% year-over-year compared to Q3 2024. Operating income came in at $46M.

In Q2 2025, BADGER METER INC reported revenue of $238M and earnings per share (EPS) of $1.18. Net income for the quarter was $35M. Gross margin was 41.1%. Revenue grew 9.9% year-over-year compared to Q2 2024. Operating income came in at $45M.

Over the past 8 quarters, BADGER METER INC has demonstrated a growth trajectory, with revenue expanding from $217M to $904M. Investors analyzing BMI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

BMI Dividend Yield and Income Analysis

BADGER METER INC (BMI) does not currently pay a dividend. This is common among smaller companies in the Measuring And Control Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

BMI Momentum and Technical Analysis Profile

BADGER METER INC (BMI) has a momentum factor score of 29/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 30/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 6/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

BMI vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, BADGER METER INC (BMI) ranks #169 out of 584 stocks based on the Blank Capital composite score. This places BMI in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing BMI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BMI vs S&P 500 (SPY) comparison to assess how BADGER METER INC stacks up against the broader market across all factor dimensions.

BMI Next Earnings Date

No upcoming earnings date has been announced for BADGER METER INC (BMI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy BMI? — Investment Thesis Summary

BADGER METER INC presents a balanced picture with arguments on both sides. Momentum is weak at 29/100, a headwind for near-term performance. Low volatility (stability score 61/100) reduces downside risk.

In summary, BADGER METER INC (BMI) earns a Hold rating with a composite score of 40.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BMI stock.

Related Resources for BMI Investors

Explore more research and tools: BMI vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BMI head-to-head with peers: BMI vs IHS, BMI vs VRSN, BMI vs ESE.

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BADGER METER INC (BMI) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does BADGER METER INC Do?

BADGER METER INC (BMI) Stock Rating — Hold (April 2026)

BMI Stock Price and 52-Week Range

Is BMI Overvalued or Undervalued? — Valuation Analysis

BADGER METER INC Profitability — ROE, Margins, and Quality Score

BMI Debt, Balance Sheet, and Financial Health

BADGER METER INC Revenue and Earnings History — Quarterly Trend

BMI Dividend Yield and Income Analysis

BMI Momentum and Technical Analysis Profile

BMI vs Competitors — Technology Sector Ranking and Peer Comparison

BMI Next Earnings Date

Should You Buy BMI? — Investment Thesis Summary

Related Resources for BMI Investors

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Earnings Preview: Badger Meter (BMI) Q1 Earnings Expected to Decline

1 Industrials Stock with Impressive Fundamentals and 2 That Underwhelm

Does Badger Meter's (BMI) Earnings Miss Hint at Limits to Its Advanced Water Tech Edge?

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