Badger Meter (BMI) EBT (2010 - 2026)
Badger Meter (BMI) recorded EBT of $47.96 million in Q3 2026, up 1.1% from $47.44 million a year earlier and up 20.7% from the prior quarter.
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Analysis
Badger Meter (BMI) EBT (2010 - 2026) Analysis & Trends
On a TTM basis, Badger Meter's EBT came in at $168.66 million as of Sep 30, 2026, down 9.4% year-over-year; for FY2025, it came in at $188.66 million, up 13.3% from FY2024.
- Annual EBT has increased for seven straight years, with a five-year compound annual growth rate of 23.8% (FY2020 to FY2025).
- Across earlier years, EBT came in at $166.5 million in FY2024 (+36.5%), $121.97 million in FY2023 (+39.0%), $87.72 million in FY2022 (+11.6%) and $78.62 million in FY2021 (+21.0%).
- The Q3 2026 figure is the highest quarterly EBT since Q1 2025.
- On a year-over-year basis, EBT rose in six of the last eight quarters, with growth averaging 5.1%.
- Peak year-over-year performance for EBT in the last five years was growth of 48.6% in Q1 2024, against a decline of 28.5% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $39.72 million (Q2 2026), $36.34 million (Q1 2026) and $44.64 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.71 Bn | 78.69 Bn | 2.07 Bn | 694.50 Mn |
| 2 | Veralto | 28.52 Bn | 21.15 Bn | 908.00 Mn | 273.00 Mn |
| 3 | Xylem | 22.63 Bn | 18.36 Bn | 907.00 Mn | 365.00 Mn |
| 4 | Badger Meter | 4.51 Bn | 3.92 Bn | 98.85 Mn | 47.96 Mn |
| 5 | Ceco Environmental | 2.29 Bn | 2.11 Bn | 86.47 Mn | -44.58 Mn |
| 6 | NWPX Infrastructure | 887.68 Mn | 845.76 Mn | 38.19 Mn | 23.97 Mn |
| 7 | Energy Recovery | 377.64 Mn | 40.09 Mn | 4.20 Mn | -9.20 Mn |
| 8 | Cadiz | 305.87 Mn | 270.99 Mn | -24,000.00 | -11.37 Mn |
| 9 | AirJoule Technologies | 179.92 Mn | 59.54 Mn | - | -11.45 Mn |
| 10 | LanzaTech Global | 53.29 Mn | -44.34 Mn | 1.91 Mn | -9.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.96 Mn |
| Jun 30, 2026 | 39.72 Mn |
| Mar 31, 2026 | 36.34 Mn |
| Dec 31, 2025 | 44.64 Mn |
| Sep 30, 2025 | 47.44 Mn |
| Jun 30, 2025 | 45.79 Mn |
| Mar 31, 2025 | 50.79 Mn |
| Dec 31, 2024 | 42.14 Mn |
| Sep 30, 2024 | 42.91 Mn |
| Jun 30, 2024 | 43.36 Mn |
| Mar 31, 2024 | 38.09 Mn |
| Dec 31, 2023 | 33.44 Mn |
| Sep 30, 2023 | 32.59 Mn |
| Jun 30, 2023 | 30.30 Mn |
| Mar 31, 2023 | 25.64 Mn |
| Dec 31, 2022 | 22.91 Mn |
| Sep 30, 2022 | 23.95 Mn |
| Jun 30, 2022 | 22.05 Mn |
| Mar 31, 2022 | 18.82 Mn |
| Dec 31, 2021 | 22.88 Mn |
API Access
Badger Meter EBT 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=ebt&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();