Badger Meter (BMI) EBITDA (2010 - 2026)
Badger Meter (BMI) posted quarterly EBITDA of $39.4 million for Q2 2026, down 12.23% year-over-year from $44.9 million in Q2 2025, and up 11.96% quarter-over-quarter from $35.2 million in Q1 2026.
Badger Meter (BMI) EBITDA (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has reported EBITDA for 17 consecutive years, with $39.4 million the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA fell 12.23% year-over-year to $39.4 million; the TTM figure through Jun 2026 stood at $163.7 million (down 6.0% YoY), while the FY2025 annual figure was $183.4 million, up 16.14% from the prior year.
- EBITDA climbed to $39.4 million in Q2 2026 per BMI's latest filing, from $35.2 million in the prior quarter.
- Across five years, EBITDA topped out at $49.4 million in Q1 2025 and bottomed at $18.9 million in Q1 2022.
- Historically, EBITDA has averaged $34.5 million across 5 years, with a median of $35.9 million in 2024.
- Annual changes were most pronounced in 2024 — EBITDA jumped 46.04% — and 2026, when it declined 28.84%.
- Badger Meter's EBITDA stood at $22.5 million in 2022, then surged by 42.74% to $32.1 million in 2023, then advanced by 22.27% to $39.2 million in 2024, then climbed by 9.75% to $43.0 million in 2025, then dropped by 8.53% to $39.4 million in 2026.
- Business Quant data shows BMI's EBITDA at $39.4 million in Q2 2026, $35.2 million in Q1 2026, and $43.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 615.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 407.00 Mn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | -979.95 Mn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 333.20 Mn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 251.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 209.90 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 132.00 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 85.52 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 83.28 Mn |
| 10 | Badger Meter | 3.74 Bn | 3.64 Bn | 90.77 Mn | 39.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.38 Mn |
| Mar 31, 2026 | 35.17 Mn |
| Dec 31, 2025 | 43.05 Mn |
| Sep 30, 2025 | 46.08 Mn |
| Jun 30, 2025 | 44.86 Mn |
| Mar 31, 2025 | 49.43 Mn |
| Dec 31, 2024 | 39.22 Mn |
| Sep 30, 2024 | 40.62 Mn |
| Jun 30, 2024 | 41.51 Mn |
| Mar 31, 2024 | 36.58 Mn |
| Dec 31, 2023 | 32.08 Mn |
| Sep 30, 2023 | 31.42 Mn |
| Jun 30, 2023 | 29.50 Mn |
| Mar 31, 2023 | 25.05 Mn |
| Dec 31, 2022 | 22.47 Mn |
| Sep 30, 2022 | 23.87 Mn |
| Jun 30, 2022 | 22.09 Mn |
| Mar 31, 2022 | 18.86 Mn |
| Dec 31, 2021 | 22.86 Mn |
| Sep 30, 2021 | 19.44 Mn |