BADGER METER INC (BMI)
Information Technology · water technology and flow measurement · NYSE
Badger Meter provides smart water management technology and flow control solutions that help utilities and industries improve operational efficiency and resource conservation.
What BADGER METER INC does
Badger Meter is a provider of flow measurement and control solutions, specializing in water management technology. The company offers advanced metering infrastructure, smart water software, and flow instrumentation for water utilities, municipalities, and industrial applications.
Themes: smart water management, utility infrastructure modernization, water conservation, industrial IoT, digital utility transformation
Fundamentals
- Price$131.81 as of 2026-08-21 close
- Market cap$3.8B as of 2026-08-21
- 1-year return-28.1% 2025-08-21 close $183.45 → 2026-08-21 close $131.81
- P/E31.10 as of 2026-08-24
- Net margin+14.3% as of 2026-08-24
- Gross margin+41.3% as of 2026-08-24
- ROE+18.0% as of 2026-08-24
- Debt / equity0.00 as of 2026-08-24
- Revenue growth (YoY)+0.8% as of 2026-08-24
- Revenue CAGR (3y)+17.5% SEC XBRL
- Beta0.63 as of 2026-08-24
- Last reported earnings2026-07-22 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.7%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How BMI compares in its sector
- price-to-earnings ratiomiddle range 265 covered Information Technology peers, as of 2026-08-24
- net profit margintop 25% 405 covered Information Technology peers, as of 2026-08-24
- operating margintop 25% 405 covered Information Technology peers, as of 2026-08-24
- gross marginmiddle range 403 covered Information Technology peers, as of 2026-08-24
- return on equitytop 25% 405 covered Information Technology peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 386 covered Information Technology peers
- indicated dividend yieldmiddle range 107 covered Information Technology peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
BMI is not currently in any published Top 10 list. Its scores are below.
Long-term score
49.8 #501 of 987 scored · #49 of 84 in Information Technology
Financial health 82nd (debt to equity 0, free cash flow margin 17.1%) and capital return 71st (consecutive years of dividend increases 5 years); weakest is long-term trend (11th, a "death cross" — its 50-day average is below its 200-day).
Short-term score
38.3 #1465 of 1,704 scored · #220 of 261 in Information Technology
Setup 51st: no Elliott-wave labelling currently fits its swings; momentum 43rd: over the past 3 months this stock beat the market by 6.5 percentage points; weakest is volume and participation 28th: trading volume is about normal versus its 30-day average.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, BMI's dividend was covered by reported results (earnings payout 31%, free-cash-flow payout 26%). This describes past coverage, not a forecast.
- Earnings payout31% dividends / net income
- Free-cash-flow payout26% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How BADGER METER INC looks technically
BADGER METER INC (BMI) is trading 12.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 247 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative). It made a new 20-day low about 22 trading days ago. It is 35.4% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 12.5% below its 200-day average, the long-term trend line — a long-term downtrend | -12.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $136.99 | $136.99 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $150.57 | $150.57 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 141.05. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 247 trading days ago — a "death cross", a bearish long-term signal | 247 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend) | 16.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30) | 47.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($125.01 to $141.05) — its "stochastic" reading is 42 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 42.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $204.00 | $204.00 |
|---|---|---|
| From the 52-week high | it is 35.4% below its 52-week high (its highest price of the past year) | -35.4% |
| Above the 52-week low | it is 17.6% above its 52-week low (its lowest price of the past year) | +17.6% |
| Below the 52-week high | it is 35.4% below its highest point of the past year | 35.4% |
| Since a 20-day breakout | it made a new 20-day low about 22 trading days ago | 22 sessions |
| Since a 55-day breakout | it made a new 55-day high about 27 trading days ago | 27 sessions |
| All-time high | its highest closing price on record is $256.08 (set on 2025-06-03) | $256.08 |
| Given back of the 52-week move | over the past year its closes ranged ($113.41 to $189.29), and it has recovered roughly a quarter of its fall from last year’s high — 24% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $160.30 to $162.73. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 24.3% |
| From the all-time high | it is 48.5% below its all-time high | -48.5% |
| Nearest price level | it is trading 5.1% below a resistance level at $138.58 — a price it turned at twice since 2026-01-28, most recently on 2026-07-14. Since 2024-08-21 it has 0 such levels below the current price and 16 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +5.1% |
| All-time low | its lowest closing price on record is $8.08 (set on 2005-11-02) | $8.08 |
| Above the all-time low | it is 1531.3% above its all-time low | +1,531% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 71% of it) | 29th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $4.96 between its high and its low — about 3.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $4.96 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $125.26 and $141.45 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $125.26 – $133.36 – $141.45 |
| Typical daily range (% of price) | its price moves about 3.8% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.8% |
| Stretch from the 200-day average | it is trading 3.8 daily ranges below its 200-day average price (12.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 3.8 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.69× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 8 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 8 sessions ago |
|---|---|---|
| Since a bearish engulfing | 4 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 4 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | +0.0% |
|---|---|---|
| Gap filled | a 2.3% gap down opened on 2026-07-17 has been "filled" 25 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 25 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 12.0 percentage points (the stock lost 9.6% while the market gained 2.3%) | -12.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 6.5 percentage points (the stock gained 9.6% while the market gained 3.1%) | +6.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 28.4 percentage points (the stock lost 17.3% while the market gained 11.1%) | -28.4% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 48.6 percentage points (the stock lost 28.1% while the market gained 20.5%) | -48.6% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.8% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.7% of the share price. | -0.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 4% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $136.96 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -3.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% above the average price paid since it last reported on 2026-07-22 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $130.56 — a volume-weighted average of daily closes over 23 sessions, not a true tick-by-tick VWAP. | +0.9% |
Price levels it has turned at before
BMI last closed at $131.81 on 2026-08-21. Since 2024-08-21 it has turned at 0 prices below its last close and 16 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $138.58 | Resistance | 5.1% above the last close | turned there twice · 2026-01-28 to 2026-07-14 |
| $142.10 | Resistance | 7.8% above the last close | turned there twice · 2026-03-12 to 2026-08-06 |
| $155.46 | Resistance | 17.9% above the last close | turned there twice · 2026-03-23 to 2026-07-17 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $141.05.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $85.24 and $106.56 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $141.05.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · trendless / choppy (low ADX) · lagging the market · Trading below the Ichimoku cloud · Elliott wave 3 candidates | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.23 mean, 1=Strong Buy…5=Strong Sell) — 9 analysts
- Mean price target$155.44 range $112.00 – $170.00; median $162.00
Analyst estimates, as of 2026-08-18. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for BMI
- Consensus EPS estimate$1.21 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["exposure to supply chain disruptions and raw material availability","dependency on municipal infrastructure spending and regulatory environments","risks associated with integrating business acquisitions"]
What changed in the latest 10-Q
AI-assisted comparison of BMI's 10-Q filed 2026-04-20 against the prior one filed 2025-10-22.
Management's Discussion & Analysis (MD&A)
- Added:
- BlueEdge® marked with registered trademark symbol instead of superscript TM in newer filing (2026-04-20)
- Specification that sewer monitoring solutions include 'lift station solutions for monitoring and control' in newer filing (2026-04-20)
- Reference to 'deployed technology investments' in newer filing (2026-04-20)
- Specification of 'infrastructure upgrades, and water loss management, among other operating challenges' in newer filing (2026-04-20)
- Bullet-point formatting for two product lines in newer filing (2026-04-20) versus inline text in older filing (2025-10-22)
- Reference to 'approximately 89% of Net Sales in 2025' for Utility Water Product Line in newer filing (2026-04-20)
- Specification that water distribution system includes treatment, delivery and return of water in newer filing (2026-04-20)
- The Company's solutions include 'high frequency pressure and acoustic leak detection hardware' with expanded description in newer filing (2026-04-20)
- Removed:
- Reference to 'approximately 88% of Net Sales in 2024' removed in newer filing (2026-04-20); replaced with 2025 data
- Statement 'To a much lesser extent, housing starts also contribute to sales annually' removed in newer filing (2026-04-20); replaced with 'Housing starts have only a minimal impact on annual sales'
- Phrase 'water distribution and collection systems' simplified to 'water distribution and collection system' in newer filing (2026-04-20)
- Reference to 'It also includes high frequency pressure and leak detection sensors' rephrased in newer filing (2026-04-20)
- Reworded:
- Older text 'are primarily comprised of' changed to 'primarily include' in newer filing (2026-04-20)
- Older text 'remote sewer monitoring to aid in predicting, detecting and preventing sewer overflow spills and lift station control monitoring and hardware' restructured to 'remote sewer monitoring solutions to aid in predicting, detecting and preventing sewer overflow spills and lift station solutions for monitoring and control' in newer filing (2026-04-20)
- Older phrase 'provides the insights' changed to 'provide insights' in newer filing (2026-04-20)
- Older phrase 'managing through workforce demographic changes' changed to 'managing workforce demographic changes' in newer filing (2026-04-20)
- Older text listing product lines as inline paragraph restructured into separate bullet-pointed items in newer filing (2026-04-20)
- Older phrase 'housing starts have only a minimal impact on annual sales' versus 'To a much lesser extent, housing starts also contribute to sales annually' reflects policy change on housing starts impact in newer filing (2026-04-20)
- Older text 'a customizable dashboard and has the ability to establish alerts' changed to 'customizable dashboards and established alerts' in newer filing (2026-04-20)
- Notes:
- Older filing text appears truncated at the end ('sewer and hydroge'); comparison limited to available text
- Year references changed from 2024 to 2025 reflecting updated fiscal period in newer filing
- Percentage for Utility Water Product Line changed from 88% to 89%, reflecting updated financial data in newer filing
Risk Factors
- Reworded:
- Forward-looking statements reference updated from 'Annual Report on Form 10-K for the year ended December 31, 2024' (filed 2025-10-22) to 'Annual Report on Form 10-K for the year ended December 31, 2025' (filed 2026-04-20)
- Notes:
- The two filings present different reporting periods and balance sheet dates (Q3 2025 ended September 30, 2025 vs. Q1 2026 ended March 31, 2026), making direct financial comparison across periods expected rather than indicative of changes in disclosed risk factors
- The Risk Factors section itself (Item 1A) is not provided in either excerpt—only the table of contents reference appears in both filings
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days.
- Last 30 days1 buy ($101572) · 0 sells — 1 buying insider
- Last 90 days1 buy ($101572) · 0 sells — 1 buying insider
- Last 180 days6 buys ($878708) · 0 sells — 5 buying insiders
Cluster buying: 5 different insiders reported open-market purchases (SEC code P) of BMI within a 30-day window between 2026-04-21 and 2026-04-23. Disclosed Form 4 activity, not a prediction of performance or a buy signal.
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-30. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BMI's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding BMI as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 6,745,458
- Reported value $1,027,670,415
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
BMI had 4,121,432 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
BMI had 14.2% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.89 days to cover at the same settlement.
- Reported short interest (shares) 4,121,432
- Short interest (% of shares outstanding) 14.2%
- Prior settlement (shares) 3,830,454
- Reported change 7.6%
- Days to cover (reported) 5.89
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare BMI vs…
Frequently asked questions
What does BADGER METER INC (BMI) do?
Badger Meter is a provider of flow measurement and control solutions, specializing in water management technology. The company offers advanced metering infrastructure, smart water software, and flow instrumentation for water utilities, municipalities, and industrial applications.
What sector is BADGER METER INC (BMI) in?
BADGER METER INC (BMI) is classified in the Information Technology sector. Its industry is water technology and flow measurement. It trades on NYSE.
Does BMI pay a dividend?
Yes — BADGER METER INC (BMI) pays a dividend, with an indicated yield of about 0.72% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are BADGER METER INC's (BMI) competitors?
Notable peers of BADGER METER INC (BMI) include Xylem, Mueller Water Products, Itron, IDEX and Emerson Electric. This peer set is informational only — not financial advice.
Is BADGER METER INC (BMI) overbought or oversold right now?
BADGER METER INC (BMI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 47, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BMI come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.