BMI
TechnologyBadger Meter, Inc. · Hardware, Equipment & Parts · $4B
What is Badger Meter, Inc.?
Badger Meter is a Milwaukee-based manufacturer of flow measurement and water management solutions, serving municipal utilities and industrial customers across the US and internationally.
Badger Meter generates revenue by selling water meters, flow instrumentation products, and related software and communication technologies. Its BEACON cloud platform and ORION radio solutions help utilities monitor water usage remotely, reduce losses, and engage end customers — combining hardware sales with recurring software services.
The company was founded in 1983 and is headquartered in Milwaukee, Wisconsin.
- Municipal water meters (mechanical and static)
- ORION automatic and cellular meter reading systems
- BEACON advanced metering analytics platform
- Flow instrumentation for industrial and HVAC applications
Is BMI a Good Stock to Buy?
UQS Score rates BMI as Below Average overall.
The Risk pillar stands out as the clearest positive — Badger Meter carries a Strong risk profile, suggesting financial stability relative to peers. Quality and Moat both register as Neutral, reflecting a defensible but not dominant market position.
Growth is rated Weak, pointing to limited near-term expansion momentum, which weighs on the composite score.
See the exact pillar breakdown and full financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BMI pay dividends?
Yes — Badger Meter, Inc. pays a dividend.
Badger Meter pays a regular dividend, which is relatively uncommon among mid-cap technology companies. This reflects the company's stable cash generation and mature business model, appealing to income-oriented investors who value consistency alongside capital appreciation.
When does BMI report earnings?
Badger Meter reports earnings on a quarterly cadence, typical for US-listed equities.
The company's Neutral Quality and Strong Risk ratings suggest steady, if unspectacular, operational results. Revenue trends appear consistent with a mature industrial technology business rather than a high-growth disruptor.
For the most recent quarter's results, visit Badger Meter's investor relations page directly.
BMI Price History
+31.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Badger Meter, Inc.?
Based on Badger Meter, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Badger Meter do?
Badger Meter manufactures flow measurement and water management products — including smart water meters, radio communication systems, and cloud-based analytics software — sold primarily to municipal water utilities and industrial customers in the US and globally.
Does BMI pay dividends?
Yes, Badger Meter pays a regular dividend. For a mid-cap technology company, this reflects a mature and stable business model. Check the company's investor relations page for the current dividend rate and payment schedule.
When does BMI report earnings?
Badger Meter follows a standard quarterly reporting cadence. Specific upcoming dates are best confirmed on the company's investor relations page or through your brokerage platform.
Is BMI a good stock to buy?
UQS Score rates BMI as Below Average overall. Its Strong Risk profile is a positive, but Weak Growth and Neutral Quality and Moat ratings limit the composite score. The full pillar breakdown is available to Pro members on UQS Score.
Is BMI overvalued?
BMI's Valuation pillar is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Pro members can view the detailed valuation metrics behind this rating.
What is BMI's market cap bracket?
Badger Meter is classified as a mid-cap company, placing it in a segment that often balances growth potential with greater stability than smaller peers.
Is BMI a long-term quality investment?
As a long-term quality indicator, BMI's Strong Risk and Neutral Moat suggest resilience, but the Weak Growth rating raises questions about compounding potential over time. Investors focused on quality metrics can explore the full UQS analysis with a Pro account.
What sector does BMI belong to?
Badger Meter is classified in the Technology sector, specifically within the smart water infrastructure and flow instrumentation niche — bridging industrial hardware with software-driven utility management.
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Pro Analysis
BMI — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 46.4 | 52.0 | 42.0 | 15.6 | 82.4 | 49.8 | -0.2 |
| May 22, 2026 | 46.6 | 52.0 | 42.0 | 15.6 | 82.4 | 50.7 | -0.1 |
| May 21, 2026 | 46.7 | 52.0 | 42.0 | 15.6 | 82.4 | 51.2 | +0.1 |
| May 20, 2026 | 46.6 | 52.0 | 42.0 | 15.6 | 82.4 | 50.9 | 0.0 |
| May 19, 2026 | 46.6 | 52.0 | 42.0 | 15.6 | 82.4 | 50.6 | -0.1 |
| May 16, 2026 | 46.7 | 52.0 | 42.0 | 15.5 | 82.4 | 51.5 | +0.1 |
| May 15, 2026 | 46.6 | 52.0 | 42.0 | 15.5 | 82.4 | 50.7 | 0.0 |
| May 14, 2026 | 46.6 | 52.0 | 42.0 | 15.5 | 82.4 | 51.2 | -0.1 |
| May 13, 2026 | 46.7 | 52.0 | 42.0 | 15.5 | 82.4 | 51.8 | 0.0 |
| May 12, 2026 | 46.7 | 52.0 | 42.0 | 15.5 | 82.4 | 51.5 | +0.2 |
BMI — Pillar Breakdown
Quality
— 52.0/100 (25%)Badger Meter, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 15.6/100 (20%)Badger Meter, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 82.4/100 (15%)Badger Meter, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 45.2/100 (15%)Badger Meter, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 42/100 (25%)Badger Meter, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BMI.
Score Composition
Financial Data
More Stock Analysis
How is the BMI UQS Score Calculated?
The UQS (Unified Quality Score) for Badger Meter, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Badger Meter, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Badger Meter, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.