BADGER METER INC(BMI)— Stock Profile, AI Score & Financials
Technology · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
BADGER METER INC (BMI) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores BMI at 61.0/100 on a 32-signal composite quality model, placing it at rank #818 of 2,961 stocks — the top half of the AI-ranked universe. BMI scores in the top quartile across balance sheet strength (90.3), institutional flow (80.0). Based on the latest XBRL financial filings (Q2 2026), BADGER METER INC reports quarterly revenue of $222.3M, net income of $29.7M, an operating margin of 17.7%. Top institutional holders of BMI by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. BMI trades on the NYSE exchange and files with the SEC under CIK 9092. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BMI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BADGER METER INC directly from SEC EDGAR.
AI Quality Score
61.0/100
AI Rank
#818
Revenue
$222.3M
Net Income
$29.7M
Free Cash Flow
$21.9M
Operating Margin
17.7%
BMI key financials by period
BADGER METER INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$916.7M
$141.6M
20.0%
FY 2024
10-K
$826.6M
$124.9M
19.1%
FY 2023
10-K
$703.6M
$92.6M
16.8%
FY 2022
10-K
$565.6M
$66.5M
15.4%
FY 2021
10-K
$505.2M
$60.9M
15.6%
FY 2020
10-K
$425.5M
$49.3M
15.3%
Institutions holding BMI
Institutional investors reporting a position in BADGER METER INC on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales fell 6.6% YoY to $222.3M as Utility Water product line sales dropped 8.1% on uneven AMI project pacing, pulling operating margin down to 17.7% from 18.8%.
Biggest Revenue Drivers
Utility Water$195.0M-8.1% YoY
Decline reflects expected uneven AMI project pacing, partially offset by increased BEACON SaaS revenue, other BlueEdge solutions, and $2.0M from the UDlive acquisition
Flow Instrumentation$27.3M+5.6% YoY
Growth in water-focused end markets
Biggest Revenue Drivers
Total revenue: $222.3M-6.6% YoY
Utility Water$195.0M-8.1% YoY
Decline reflects expected uneven AMI project pacing, partially offset by increased BEACON SaaS revenue, other BlueEdge solutions, and $2.0M from the UDlive acquisition
Flow Instrumentation$27.3M+5.6% YoY
Growth in water-focused end markets
Largest Expense Items
Cost of sales$131.5M
Gross margin dollars decreased $7.0M as gross margin fell to 40.8% of sales from 41.1% due to lower sales volumes and product mix
Selling, engineering and administration$51.4M23.1% of sales vs 22.2% prior year
Decreased incentive compensation and cost containment actions, partially offset by $1.2M of UDlive transaction-related costs
Provision for income taxes$10.0M
Effective tax rate of 25.2% vs 24.5% in the comparable prior year quarter
Margins: Gross margin declined to 40.8% of sales from 41.1% on lower sales volumes and product mix, driving operating earnings down to 17.7% of sales from 18.8% in the prior-year quarter.
Watch Items from the Filing
Utility Water, ~89% of 2025 net sales, declined 8.1% YoY due to uneven AMI project pacing.
Company relies on single suppliers for most brass castings and certain resin and electronic subassemblies; loss of a supplier could raise costs and cause delays.
AI and data center demand for electronic components has led to longer lead times, reduced availability, and higher procurement costs for critical components.
Acquired UDlive for $94.4M (May 1, 2026) with a potential additional $50.0M earn-out tied to EBITDA targets over 24 months; fair value of earn-out liability was $12.0M at quarter-end.
Repurchased $63.5M of common stock in H1 2026 under an expanded $150M program, with $89.7M still available.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
