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.
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 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
| 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 |
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_KEY
import 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();