Badger Meter (BMI) EBIT Margin (2010 - 2026)
Badger Meter (BMI) reported EBIT Margin of 20.23% for Q3 2026, up 0.68 percentage points from 19.56% a year earlier and up 2.52 percentage points from the prior quarter.
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Analysis
Badger Meter (BMI) EBIT Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Badger Meter's EBIT Margin came in at 18.76%, down 1.17 percentage points year-over-year; for FY2025, it came in at 20.01%, up 0.90 percentage points from FY2024.
- EBIT Margin has increased for three consecutive years, with a five-year change of +4.70 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at 19.11% in FY2024 (+2.33 pp), 16.78% in FY2023 (+1.34 pp), 15.43% in FY2022 (-0.15 pp) and 15.58% in FY2021 (+0.27 pp).
- The Q3 2026 figure ranks as the highest quarterly EBIT Margin since Q1 2025.
- Year over year, EBIT Margin gained in five of the last eight quarters, with an average year-over-year change of 0.00 percentage points.
- The high point for year-over-year EBIT Margin in five years was Q1 2025 (a gain of 3.61 percentage points); the low point was Q1 2026 (a drop of 4.85 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 17.71% (Q2 2026), 17.39% (Q1 2026) and 19.51% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn | 17.26% |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn | 19.75% |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn | 17.49% |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn | 20.23% |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn | -11.64% |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn | 13.55% |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn | -87.49% |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 | -902.45% |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - | - |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn | -109.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.23% |
| Jun 30, 2026 | 17.71% |
| Mar 31, 2026 | 17.39% |
| Dec 31, 2025 | 19.51% |
| Sep 30, 2025 | 19.56% |
| Jun 30, 2025 | 18.84% |
| Mar 31, 2025 | 22.24% |
| Dec 31, 2024 | 19.12% |
| Sep 30, 2024 | 19.49% |
| Jun 30, 2024 | 19.16% |
| Mar 31, 2024 | 18.64% |
| Dec 31, 2023 | 17.58% |
| Sep 30, 2023 | 16.88% |
| Jun 30, 2023 | 16.78% |
| Mar 31, 2023 | 15.74% |
| Dec 31, 2022 | 15.25% |
| Sep 30, 2022 | 16.13% |
| Jun 30, 2022 | 16.03% |
| Mar 31, 2022 | 14.25% |
| Dec 31, 2021 | 16.84% |
API Access
Badger Meter EBIT Margin 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=ebit-margin&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();