What is the 13F Pro Quality Score for BMI?

13F Pro ranks BADGER METER INC (BMI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BMI's current score at https://13fpro.ai/company/BMI (free sign-up required for the full ranking).

Which hedge funds own the most BMI stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BMI include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/BMI as soon as new 13F filings post.

Where does 13F Pro source BMI data?

All BADGER METER INC fundamentals and ownership data come directly from SEC EDGAR. BADGER METER INC files with the SEC under CIK 9092. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BMI in?

BADGER METER INC (BMI) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives BMI's revenue?

Per BADGER METER INC's latest 10-Q filed with the SEC on 2026-07-23, the biggest revenue drivers are: Utility Water ($195.0M, -8.1% YoY); Flow Instrumentation ($27.3M, +5.6% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/BMI.

How often is BMI research updated on 13F Pro?

BMI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

BADGER METER INC(BMI)Stock Analysis

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13F Pro Quality Score

61.0/100

Rank #818 of 2,961 stocksTOP 50%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

47.4/100

Profitability

69.7/100

Balance Sheet

90.3/100

Earnings Quality

50.8/100

Free Cash Flow

68.4/100

Institutional Flow

80.0/100

Revenue Scale

48.0/100

Dilution Risk

56.9/100

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Why BMI Scores 61/100

exact factor attribution · 2026-09-11

BMI's composite is driven by capital efficiency and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Capital efficiency

+4.0 pts

90th pct

Profitability

+3.0 pts

70th pct

Free cash flow

+2.8 pts

68th pct

Institutional flow

+1.5 pts

80th pct

Shareholder dilution

+0.3 pts

57th pct

Earnings growth

+0.1 pts

52th pct

Earnings quality

+0.1 pts

51th pct

Scale

-0.3 pts

48th pct

Revenue growth

-0.5 pts

47th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

BMI Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for BADGER METER INC (BMI), 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. BADGER METER INC's 13F Pro composite quality score has ranged between 56 and 73 since 2021, currently 61.0 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

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Fun facts about BADGER METER INC

Quirks, history, and lore behind BMI — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial technology company · small-cap · listed on the NYSE · headquartered in Wisconsin.
2
The Numbers
Annual revenue in the range of $200–250 million — not flashy, but it has paid consecutive dividends for decades and counting. Slow and steady wins the race.
3
The History
Founded in 1905, it spent over a century quietly perfecting one thing: measuring water. Not exactly a glamour business, but try running a city without it.
4
The Secret
Its real growth story is smart water infrastructure — replacing old mechanical meters with digital, connected devices that utilities can read remotely. The Internet of Things, but for your pipes.
5
The Lore
Its customers are mostly municipal water utilities across North America, making it about as recession-proof as a company can get — people tend to keep using water no matter what.
6
The Giveaway
The ticker is literally BMI, the company name features a nocturnal burrowing mammal, and its whole existence is devoted to knowing exactly how many gallons just flowed through your meter.

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What's Driving BMI's Business? Latest 10-Q Breakdown

✓ 25/25 datapoints verified

AI-extracted from BADGER METER INC's 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.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$222.3M

Net Income

Q2 2026

$29.7M

Free Cash Flow

Q2 2026

$21.9M

Operating Margin

Q2 2026

17.7%

ROIC

Q2 2026

23.1%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+10.9% YoY

$916.7MFY 2025

FY22 $565.6MFY23 $703.6MFY24 $826.6MFY25 $916.7M

Net Income

+13.4% YoY

$141.6MFY 2025

FY22 $66.5MFY23 $92.6MFY24 $124.9MFY25 $141.6M

Operating Income

+16.1% YoY

$183.4MFY 2025

FY22 $87.3MFY23 $118.0MFY24 $157.9MFY25 $183.4M

EPS (Diluted)

+13.2% YoY

$4.79FY 2025

FY22 $2.26FY23 $3.14FY24 $4.23FY25 $4.79

Total Assets

+19.3% YoY

$973.6MFY 2025

FY22 $603.0MFY23 $716.9MFY24 $816.4MFY25 $973.6M

Total Debt

$0.00FY 2025

FY22 $0.00FY23 $0.00FY24 $0.00FY25 $0.00

Op. Cash Flow

+18.5% YoY

$183.7MFY 2025

FY22 $82.5MFY23 $110.1MFY24 $155.0MFY25 $183.7M

Free Cash Flow

+19.3% YoY

$169.7MFY 2025

FY22 $76.6MFY23 $98.1MFY24 $142.2MFY25 $169.7M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$916.7M +10.9%	$826.6M +17.5%	$703.6M +24.4%	$565.6M +11.9%	$505.2M +18.7%	$425.5M
Net Income	$141.6M +13.4%	$124.9M +34.9%	$92.6M +39.3%	$66.5M +9.2%	$60.9M +23.4%	$49.3M
Operating Income	$183.4M +16.1%	$157.9M +33.8%	$118.0M +35.2%	$87.3M +10.9%	$78.7M +20.8%	$65.2M
EPS (Diluted)	$4.79 +13.2%	$4.23 +34.7%	$3.14 +38.9%	$2.26 +8.7%	$2.08 +23.1%	$1.69
Total Assets	$973.6M +19.3%	$816.4M +13.9%	$716.9M +18.9%	$603.0M +13.6%	$530.8M +13.3%	$468.4M
Total Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Operating Cash Flow	$183.7M +18.5%	$155.0M +40.8%	$110.1M +33.6%	$82.5M -5.8%	$87.5M -2.3%	$89.6M
Free Cash Flow	$169.7M +19.3%	$142.2M +44.9%	$98.1M +28.2%	$76.6M -5.2%	$80.8M +0.3%	$80.5M

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Available Research

13F Pro tracks comprehensive data for BADGER METER INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BMI

BlackRock, Inc.
$725.9M4,892,342 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$371.7M2,504,823 sh
STATE STREET CORP
$245.0M1,651,414 sh
VANGUARD CAPITAL MANAGEMENT LLC
$195.5M1,317,325 sh
GEODE CAPITAL MANAGEMENT, LLC
$149.6M1,008,392 sh
Impax Asset Management Group plc
$140.3M945,694 sh
FIRST TRUST ADVISORS LP
$114.5M771,864 sh
MORGAN STANLEY
$109.8M739,882 sh
Boston Trust Walden Corp
$108.2M728,961 sh
UBS Group AG
$93.4M629,411 sh

Fund	Value	Shares
BlackRock, Inc.	$725.9M	4,892,342
VANGUARD PORTFOLIO MANAGEMENT LLC	$371.7M	2,504,823
STATE STREET CORP	$245.0M	1,651,414
VANGUARD CAPITAL MANAGEMENT LLC	$195.5M	1,317,325
GEODE CAPITAL MANAGEMENT, LLC	$149.6M	1,008,392
Impax Asset Management Group plc	$140.3M	945,694
FIRST TRUST ADVISORS LP	$114.5M	771,864
MORGAN STANLEY	$109.8M	739,882
Boston Trust Walden Corp	$108.2M	728,961
UBS Group AG	$93.4M	629,411

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Is BMI a good stock to buy?

13F Pro's AI-powered analysis of BADGER METER INC (BMI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BMI are available on the BMI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. BMI is classified as a mid company.

Which hedge funds own BMI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BMI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BADGER METER INC's investment landscape.