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Upturn stock rating
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Badger Meter Inc (BMI)

Upturn stock rating
$182.6
Last Close (24-hour delay)
upturn advisory
PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/22/2025: BMI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

9 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $230.29

1 Year Target Price $230.29

Analysts Price Target For last 52 week
$230.29 Target price
52w Low $161.59
Current$182.6
52w High $255.52

Analysis of Past Performance

Type Stock
Historic Profit 12.62%
Avg. Invested days 50
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/22/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.23B USD
Price to earnings Ratio 38.64
1Y Target Price 230.29
Price to earnings Ratio 38.64
1Y Target Price 230.29
Volume (30-day avg) 9
Beta 0.89
52 Weeks Range 161.59 - 255.52
Updated Date 10/21/2025
52 Weeks Range 161.59 - 255.52
Updated Date 10/21/2025
Dividends yield (FY) -
Basic EPS (TTM) 4.59

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-10-21
When -
Estimate 1.14
Actual 1.19

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 38.64
Forward PE 34.13
Enterprise Value 5131810238
Price to Sales(TTM) 5.98
Enterprise Value 5131810238
Price to Sales(TTM) 5.98
Enterprise Value to Revenue 5.87
Enterprise Value to EBITDA 24.76
Shares Outstanding 29468808
Shares Floating 29317928
Shares Outstanding 29468808
Shares Floating 29317928
Percent Insiders 0.38
Percent Institutions 99.28

ai summary icon Upturn AI SWOT

Badger Meter Inc

stock logo

Company Overview

overview logo History and Background

Badger Meter was founded in Milwaukee, Wisconsin, in 1905 as Badger Meter Manufacturing Company. Initially focused on producing water meters, it has evolved into a leading provider of flow measurement, control, and communications solutions worldwide.

business area logo Core Business Areas

  • Municipal Water: Provides water meters, software and related technologies for water utilities to measure and manage water usage, improve operational efficiency, and conserve resources.
  • Flow Instrumentation: Offers a broad range of flow measurement and control technologies for industrial applications, including chemical, oil & gas, and HVAC sectors. It includes meters, valves, and controllers.

leadership logo Leadership and Structure

Kenneth C. Bockhorst serves as the Chairman, President, and CEO. The company operates with a functional organizational structure, with departments focused on sales, marketing, engineering, manufacturing, and finance.

Top Products and Market Share

overview logo Key Offerings

  • E-Series Ultrasonic Meters: Ultrasonic water meters known for accuracy and reliability. Market share is significant in North America with estimated 25% of the municipal water meter market. Competitors include Itron, Mueller Water Products, and Sensus (Xylem).
  • ORION Cellular Endpoint: Cellular endpoints for automated meter reading (AMR) and advanced metering infrastructure (AMI) applications. Significant customer base in North America municipal water market. Itron, Mueller Water Products, and Sensus (Xylem) are major competitors.
  • Industrial Oval Gear Meters: Precise measurement for chemical and oil & gas applications. Revenue is significant portion of the Flow Instrumentation segment. Competitors include Flowserve, Emerson, and Endress+Hauser.

Market Dynamics

industry overview logo Industry Overview

The flow measurement industry is growing due to aging infrastructure, water scarcity, and increasing regulations. Digital transformation is a key trend.

Positioning

Badger Meter holds a strong position in the water meter market and is expanding its presence in industrial flow measurement. Competitive advantages include technological innovation and a strong distribution network.

Total Addressable Market (TAM)

The global water meter market is estimated to be valued at $4.4 billion in 2024. Badger Meter aims to capture a larger share of this market through technological advancements and strategic partnerships. The broader flow measurement market is substantially larger, estimated to be ~$10 billion. Badger Meter has a good TAM opportunity.

Upturn SWOT Analysis

Strengths

  • Strong brand reputation
  • Extensive product portfolio
  • Robust distribution network
  • Focus on innovation and technology
  • Strong Financial Position

Weaknesses

  • Dependence on municipal water market
  • Susceptibility to economic downturns affecting municipal spending
  • Limited international presence compared to some competitors
  • Pricing Pressure from cheaper products.

Opportunities

  • Expansion into new geographic markets
  • Development of smart water technologies
  • Growth in industrial flow measurement
  • Acquisitions of complementary businesses
  • Increase in regulatory initiatives.

Threats

  • Increased competition from global players
  • Technological disruptions
  • Economic slowdowns
  • Fluctuations in raw material costs
  • Changing environmental regulations

Competitors and Market Share

competitor logo Key Competitors

  • ITRIY
  • XYL
  • MWA

Competitive Landscape

Badger Meter competes with larger players like Itron and Xylem. Badger Meter differentiates itself through its focus on innovation and customer service, particularly in its core municipal water market.

Major Acquisitions

Aquisense Technologies

  • Year: 2019
  • Acquisition Price (USD millions): 27.5
  • Strategic Rationale: Acquired Aquisense Technologies to expand its capabilities in UV disinfection technology for water treatment applications.

Growth Trajectory and Initiatives

Historical Growth: Badger Meter has experienced steady revenue and earnings growth over the past decade, driven by organic expansion and strategic acquisitions.

Future Projections: Analysts project continued revenue growth in the mid-single digits, driven by demand for smart water solutions and industrial flow measurement products.

Recent Initiatives: Recent initiatives include investments in new product development, expansion of the sales force, and strategic acquisitions to expand market share.

Summary

Badger Meter is a well-established company with a strong position in the water meter market and growing presence in industrial flow measurement. Its focus on innovation, a robust distribution network, and a history of shareholder returns makes it a strong competitor. They must however be wary of increased competition from global players, the effect of fluctuating raw material costs and technological disruptions. The company is financially solid and has a clear path to future growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (10-K, 10-Q)
  • Analyst reports
  • Industry publications
  • Company website
  • Market research reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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
Full time employees 2210

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.