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Badger Meter Inc (BMI)



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Upturn Advisory Summary
08/28/2025: BMI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $238.67
1 Year Target Price $238.67
2 | Strong Buy |
2 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 12.62% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.50B USD | Price to earnings Ratio 40.63 | 1Y Target Price 238.67 |
Price to earnings Ratio 40.63 | 1Y Target Price 238.67 | ||
Volume (30-day avg) 9 | Beta 0.84 | 52 Weeks Range 161.59 - 255.52 | Updated Date 08/28/2025 |
52 Weeks Range 161.59 - 255.52 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 0.72% | Basic EPS (TTM) 4.59 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.53% | Operating Margin (TTM) 18.85% |
Management Effectiveness
Return on Assets (TTM) 12.68% | Return on Equity (TTM) 21.88% |
Valuation
Trailing PE 40.63 | Forward PE 40 | Enterprise Value 5330430003 | Price to Sales(TTM) 6.29 |
Enterprise Value 5330430003 | Price to Sales(TTM) 6.29 | ||
Enterprise Value to Revenue 6.1 | Enterprise Value to EBITDA 25.71 | Shares Outstanding 29468800 | Shares Floating 29317928 |
Shares Outstanding 29468800 | Shares Floating 29317928 | ||
Percent Insiders 0.38 | Percent Institutions 100.1 |
Upturn AI SWOT
Badger Meter Inc

Company Overview
History and Background
Badger Meter was founded in 1905 as Badger Meter Manufacturing Company. It initially produced water meters and has since expanded into flow measurement and control technologies for various industries. Badger Meter has grown through innovation and strategic acquisitions.
Core Business Areas
- Flow Instrumentation: Manufactures and markets flow measurement and control solutions, including meters, valves, and related technologies for water, wastewater, and other fluids. Solutions are used for municipal water, industrial processes, and oil and gas industries.
- BEACON Advanced Metering Analytics (AMA): Offers a software-as-a-service (SaaS) platform for utilities to manage water resources, reduce non-revenue water, and improve customer service. Includes cellular endpoints and software solutions for data analytics and visualization.
Leadership and Structure
Kenneth C. Bockhorst serves as the Chairman, President, and Chief Executive Officer. The company has a board of directors and an executive leadership team overseeing various departments, including sales, marketing, engineering, and finance.
Top Products and Market Share
Key Offerings
- E-Series Ultrasonic Meters: A line of ultrasonic water meters that offer high accuracy and reliability. Badger Meter is a key player in the ultrasonic meter market. Competitors include Neptune Technology Group and Sensus (Xylem).
- ORION Cellular Endpoint: A cellular endpoint that provides real-time meter data and remote monitoring capabilities for water utilities. Competitors include Itron and Mueller Water Products.
- Recordall Disc Meters: Mechanical water meters used widely in various applications from commercial to residential. Competitors include Neptune Technology Group and Sensus (Xylem).
Market Dynamics
Industry Overview
The flow measurement and control industry is driven by factors such as aging infrastructure, increasing water scarcity, and the growing need for accurate and efficient resource management. Technological advancements, such as smart metering and IoT solutions, are shaping the industry's future.
Positioning
Badger Meter is well-positioned in the industry as a provider of innovative flow measurement solutions. Its competitive advantages include a strong brand reputation, a broad product portfolio, and a focus on technological innovation.
Total Addressable Market (TAM)
The global water meter market is estimated to reach over $5 billion. Badger Meter is positioned to address a significant portion of this TAM through its diverse product offerings and strong market presence.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Broad product portfolio
- Technological innovation
- Established distribution network
- Recurring revenue from software and services
Weaknesses
- Dependence on government spending and municipal budgets
- Vulnerability to economic downturns
- Exposure to currency exchange rate fluctuations
Opportunities
- Growing demand for smart water solutions
- Expansion into emerging markets
- Increasing adoption of IoT technologies
- Strategic acquisitions
- New regulations driving upgrades
Threats
- Intense competition
- Technological disruptions
- Fluctuations in raw material prices
- Cybersecurity risks
- Supply Chain disruptions
Competitors and Market Share
Key Competitors
- Xylem (XYL)
- Itron (ITRI)
- Mueller Water Products (MWA)
Competitive Landscape
Badger Meter competes with several large players in the flow measurement and control industry. Its competitive advantages include a strong brand reputation, a broad product portfolio, and a focus on technological innovation.
Major Acquisitions
Analytical Technology, Inc.
- Year: 2022
- Acquisition Price (USD millions): 81.3
- Strategic Rationale: Expanded capabilities in water quality monitoring, complementing existing flow measurement solutions.
Growth Trajectory and Initiatives
Historical Growth: Badger Meter has experienced steady growth in revenue and earnings over the past decade, driven by organic growth and strategic acquisitions.
Future Projections: Analysts estimate continued revenue growth for Badger Meter in the coming years, driven by increasing demand for smart water solutions and expansion into new markets. EPS is also projected to increase.
Recent Initiatives: Recent initiatives include the launch of new products, expansion of the BEACON AMA platform, and strategic acquisitions to enhance its product portfolio.
Summary
Badger Meter is a strong company with consistent financial performance and a leading position in the flow measurement industry. Its focus on innovation and strategic acquisitions has fueled growth. The company needs to watch out for intense competition and fluctuations in raw material prices. Overall, Badger Meter demonstrates stability and promising prospects.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Badger Meter Inc. Annual Reports
- SEC Filings
- Market Research Reports
- Analyst Estimates
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market conditions and company-specific factors can impact future performance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Badger Meter Inc
Exchange NYSE | Headquaters Milwaukee, WI, United States | ||
IPO Launch date 1984-09-07 | Chairman, President & CEO Mr. Kenneth C. Bockhorst | ||
Sector Technology | Industry Scientific & Technical Instruments | Full time employees 2210 | Website https://www.badgermeter.com |
Full time employees 2210 | Website https://www.badgermeter.com |
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers Utility water smart metering solutions and software technologies and services to municipal water utilities market. 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, 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. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, 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. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software directly, as well as through resellers and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.

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