Badger Meter (BMI) Change in Inventory (2010 - 2026)
Badger Meter (BMI) reported Change in Inventory of -$10.7 million for Q3 2026, compared with $5.76 million a year earlier.
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Analysis
Badger Meter (BMI) Change in Inventory (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Badger Meter's Change in Inventory came in at $9.76 million; for FY2025, it was $987,000.
- By year, Change in Inventory came in at -$10.32 million in FY2024, $32.47 million in FY2023 (+54.5%), $21.02 million in FY2022 (+54.2%) and $13.63 million in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Change in Inventory since Q4 2024.
- The high point for year-over-year Change in Inventory in five years was Q3 2022 (growth of 264.6%); the low point was Q1 2025 (a decline of 98.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at -$2.49 million (Q2 2026), $23.7 million (Q1 2026) and -$753,000 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.71 Bn | 78.69 Bn | 2.07 Bn | 67.60 Mn |
| 2 | Veralto | 28.52 Bn | 21.15 Bn | 908.00 Mn | 4.00 Mn |
| 3 | Xylem | 22.63 Bn | 18.36 Bn | 907.00 Mn | 31.00 Mn |
| 4 | Badger Meter | 4.51 Bn | 3.92 Bn | 98.85 Mn | -10.70 Mn |
| 5 | Ceco Environmental | 2.29 Bn | 2.11 Bn | 86.47 Mn | 2.98 Mn |
| 6 | NWPX Infrastructure | 887.68 Mn | 845.76 Mn | 38.19 Mn | -2.95 Mn |
| 7 | Energy Recovery | 377.64 Mn | 40.09 Mn | 4.20 Mn | 6.08 Mn |
| 8 | Cadiz | 305.87 Mn | 270.99 Mn | -24,000.00 | 505,000.00 |
| 9 | AirJoule Technologies | 179.92 Mn | 59.54 Mn | - | - |
| 10 | LanzaTech Global | 53.29 Mn | -44.34 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -10.70 Mn |
| Jun 30, 2026 | -2.49 Mn |
| Mar 31, 2026 | 23.70 Mn |
| Dec 31, 2025 | -753,000.00 |
| Sep 30, 2025 | 5.76 Mn |
| Jun 30, 2025 | -4.14 Mn |
| Mar 31, 2025 | 120,000.00 |
| Dec 31, 2024 | -13.69 Mn |
| Sep 30, 2024 | -3.89 Mn |
| Jun 30, 2024 | 851,000.00 |
| Mar 31, 2024 | 6.41 Mn |
| Dec 31, 2023 | 4.84 Mn |
| Sep 30, 2023 | 3.88 Mn |
| Jun 30, 2023 | 12.31 Mn |
| Mar 31, 2023 | 11.44 Mn |
| Dec 31, 2022 | 4.81 Mn |
| Sep 30, 2022 | 3.18 Mn |
| Jun 30, 2022 | 9.26 Mn |
| Mar 31, 2022 | 3.76 Mn |
| Dec 31, 2021 | 7.95 Mn |
API Access
Badger Meter Change in Inventory 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=change-in-inventory&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();