Badger Meter, Inc. (BMI) FinancialsBMIBadger Meter, Inc.

Badger Meter, Inc. (BMI) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Revenue recognized at a point in time, accounting for 87.8% of total sales, equivalent to $177.57M. Another important revenue stream is Revenue recognized over time. Understanding this composition is critical for investors evaluating how BMI navigates market cycles within the Industrial Machinery & Equipment industry.

Evaluating the bottom line, Badger Meter, Inc. maintains a gross margin of 40.83%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 18.25%, while the net margin is 13.37%. These profitability ratios, combined with a Return on Equity (ROE) of 18.48%, provide a clear picture of how effectively BMI converts its operational activities into shareholder value.

In the context of the broader market, BMI competes directly with industry leaders such as CECO and GPGI. With a market capitalization of $3.80B, it holds a significant position in the sector. When comparing efficiency, BMI's gross margin of 40.83% stands against CECO's 27.75% and GPGI's N/A. Such benchmarking helps identify whether Badger Meter, Inc. is trading at a premium or discount relative to its financial performance.

Badger Meter's recent financial performance shows a decline in total revenue growth, with Q2 2026 revenue at $222.32 million, down from $238.10 million in Q2 2025. The gross margin has remained stable around 40%, but net income has decreased, with Q2 2026 net income at $29.72 million compared to $34.58 million in Q2 2025.