Badger Meter (BMI) Cash from Operations (2010 - 2026)
Badger Meter (BMI) recorded Cash from Operations of $26.71 million in Q2 2026, down 40.1% from $44.59 million a year earlier and down 21.2% from the prior quarter.
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Analysis
Badger Meter (BMI) Cash from Operations (2010 - 2026) Analysis & Trends
On a TTM basis, Badger Meter's Cash from Operations came in at $166.69 million as of Jun 30, 2026, down 4.6% year-over-year; for FY2025, it came in at $183.7 million, up 18.5% from FY2024.
- Annual Cash from Operations has increased for three straight years, with a five-year compound annual growth rate of 15.4% (FY2020 to FY2025).
- Across earlier years, Cash from Operations came in at $155.03 million in FY2024 (+40.8%), $110.12 million in FY2023 (+33.6%), $82.45 million in FY2022 (-5.8%) and $87.51 million in FY2021 (-2.3%).
- The Q2 2026 figure is the lowest quarterly Cash from Operations since Q1 2024.
- On a year-over-year basis, Cash from Operations rose in seven of the last eight quarters, with growth averaging 17.3%.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 94.3% in Q1 2023, against a decline of 69.7% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $33.89 million (Q1 2026), $54.8 million (Q4 2025) and $51.28 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.88 Bn | 69.66 Bn | 1.95 Bn | 729.50 Mn |
| 2 | Veralto | 23.60 Bn | 16.25 Bn | 902.00 Mn | 340.00 Mn |
| 3 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 290.00 Mn |
| 4 | Badger Meter | 3.65 Bn | 2.92 Bn | 90.77 Mn | 26.71 Mn |
| 5 | Ceco Environmental | 3.06 Bn | 2.89 Bn | 86.47 Mn | -19.33 Mn |
| 6 | NWPX Infrastructure | 986.65 Mn | 948.13 Mn | 34.36 Mn | 14.08 Mn |
| 7 | Energy Recovery | 345.43 Mn | 20.59 Mn | 8.96 Mn | 16.31 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 289.72 Mn | 169.35 Mn | - | -1.42 Mn |
| 10 | LanzaTech Global | 77.10 Mn | -38.04 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.71 Mn |
| Mar 31, 2026 | 33.89 Mn |
| Dec 31, 2025 | 54.80 Mn |
| Sep 30, 2025 | 51.28 Mn |
| Jun 30, 2025 | 44.59 Mn |
| Mar 31, 2025 | 33.03 Mn |
| Dec 31, 2024 | 52.07 Mn |
| Sep 30, 2024 | 45.09 Mn |
| Jun 30, 2024 | 36.42 Mn |
| Mar 31, 2024 | 21.46 Mn |
| Dec 31, 2023 | 37.95 Mn |
| Sep 30, 2023 | 31.43 Mn |
| Jun 30, 2023 | 22.77 Mn |
| Mar 31, 2023 | 17.97 Mn |
| Dec 31, 2022 | 29.71 Mn |
| Sep 30, 2022 | 23.83 Mn |
| Jun 30, 2022 | 19.66 Mn |
| Mar 31, 2022 | 9.25 Mn |
| Dec 31, 2021 | 27.08 Mn |
| Sep 30, 2021 | 15.37 Mn |
API Access
Badger Meter Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "BMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();