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Badger Meter Inc (BMI)



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Upturn Advisory Summary
09/16/2025: BMI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $237.43
1 Year Target Price $237.43
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 5.30B USD | Price to earnings Ratio 38.74 | 1Y Target Price 237.43 |
Price to earnings Ratio 38.74 | 1Y Target Price 237.43 | ||
Volume (30-day avg) 9 | Beta 0.87 | 52 Weeks Range 161.59 - 255.52 | Updated Date 09/16/2025 |
52 Weeks Range 161.59 - 255.52 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 0.76% | Basic EPS (TTM) 4.64 |
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 38.74 | Forward PE 33.78 | Enterprise Value 5074346062 | Price to Sales(TTM) 6.06 |
Enterprise Value 5074346062 | Price to Sales(TTM) 6.06 | ||
Enterprise Value to Revenue 5.81 | Enterprise Value to EBITDA 24.48 | Shares Outstanding 29468800 | Shares Floating 29317928 |
Shares Outstanding 29468800 | Shares Floating 29317928 | ||
Percent Insiders 0.38 | Percent Institutions 100.2 |
Upturn AI SWOT
Badger Meter Inc

Company Overview
History and Background
Badger Meter was founded in Milwaukee, Wisconsin, in 1905. Originally focused on producing water meters, the company has evolved into a global provider of flow measurement, control, and communication solutions, with key milestones including expansion into electronic metering and international markets.
Core Business Areas
- Municipal Water: Provides flow measurement and control solutions for water utilities, including residential, commercial, and industrial water metering products, software and services.
- Flow Instrumentation: Offers flow measurement and control solutions for industrial applications, including chemical, oil and gas, and other industries, including meters for gas, air, steam, and liquid.
Leadership and Structure
Kenneth C. Bockhorst serves as the Chairman, President and CEO. The company operates with a functional organizational structure, with various departments focused on specific business areas like sales, marketing, engineering, and operations.
Top Products and Market Share
Key Offerings
- E-Series Ultrasonic Meters: High-accuracy water meters for residential and commercial use. Badger Meter is a leader in ultrasonic metering technology, but the exact market share data is difficult to define due to the diverse regional nature. Competitors include Itron, Sensus(Xylem), Neptune Technology Group.
- Recordall Disc Meters: Traditional mechanical water meters. Badger Meter has a significant share of the mechanical meter market. Competitors include Itron, Sensus(Xylem), Neptune Technology Group.
- Industrial Flow Meters: For measuring and controlling various fluids in industrial applications. Competitors include Emerson Electric, Endress+Hauser, Siemens.
Market Dynamics
Industry Overview
The flow measurement and control industry is driven by factors such as increasing water scarcity, aging infrastructure, and growing demand for efficient and accurate metering solutions. The industry is moderately competitive with a mix of large global players and smaller regional specialists.
Positioning
Badger Meter is positioned as a leading provider of innovative flow measurement solutions, with a focus on technology and customer service. Their competitive advantage lies in their breadth of product offerings, technological expertise, and established customer relationships.
Total Addressable Market (TAM)
The total addressable market for water meters and flow instrumentation is estimated to be in the billions of dollars globally. Badger Meter is positioned to capture a significant portion of this TAM through its diverse product portfolio and global reach.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Broad product portfolio
- Advanced technology
- Global presence
- Strong balance sheet
Weaknesses
- Dependence on municipal water market
- Exposure to raw material price fluctuations
- Limited presence in certain emerging markets
Opportunities
- Growing demand for smart water metering solutions
- Expansion into new geographic markets
- Acquisitions of complementary businesses
- Increased adoption of industrial IoT solutions
Threats
- Intense competition
- Economic downturns
- Changes in government regulations
- Technological disruptions
Competitors and Market Share
Key Competitors
- XYL
- ITRI
- EMR
- SI
- ABB
Competitive Landscape
Badger Meter holds advantages through its specialized products and technology. Itron and Xylem have greater scale. Emerson and Siemens have much larger industrial presence, but do not specialize in water like Badger Meter.
Growth Trajectory and Initiatives
Historical Growth: Badger Meter has experienced steady growth in revenue and earnings over the past several years, driven by increased demand for its products and services.
Future Projections: Analysts project continued growth for Badger Meter, driven by the factors mentioned above. Analyst estimates suggest a revenue growth rate of approximately 5-10% annually.
Recent Initiatives: Recent initiatives include the launch of new products, expansion into new geographic markets, and acquisitions of complementary businesses.
Summary
Badger Meter is a strong player in the flow measurement industry with a focus on water solutions. The company benefits from increasing demand for smart water technologies and a global presence. Competition remains intense, and they should seek more acquisitions. Badger Meter's future success hinges on continued innovation and strategic market expansion.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- SEC filings
- Analyst reports
- Industry reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market share data is based on best available estimates and may vary. Financial data needs to be inserted. Invest at your own risk.
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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