Badger Meter (BMI) EBT Margin (2010 - 2026)
Badger Meter's EBT Margin was 17.87% in Q2 2026, down 1.36 percentage points from 19.23% a year earlier and down 0.10 percentage points from the prior quarter.
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Analysis
Badger Meter (BMI) EBT Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Badger Meter's EBT Margin was 19.09% through Jun 30, 2026, down 1.70 percentage points year-over-year; for FY2025, it came in at 20.58%, up 0.44 percentage points from FY2024.
- EBT Margin has now increased for three consecutive years, with a five-year change of +5.31 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 20.14% in FY2024 (+2.81 pp), 17.33% in FY2023 (+1.83 pp), 15.51% in FY2022 (-0.05 pp) and 15.56% in FY2021 (+0.29 pp).
- The Q2 2026 figure marks the lowest quarterly EBT Margin since Q3 2023.
- Compared with a year earlier, EBT Margin has declined for five straight quarters, with an average year-over-year change of +0.12 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q1 2025 (a gain of 3.45 percentage points); the worst was Q1 2026 (a drop of 4.89 percentage points).
- Per Business Quant data, BMI's EBT Margin in the three quarters before Q2 2026 was 17.96% (Q1 2026), 20.23% (Q4 2025) and 20.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 15.71% |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 15.58% |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 19.61% |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 17.87% |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | -15.64% |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 13.47% |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | -42.36% |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | -1,161.39% |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | - |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | -109.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.87% |
| Mar 31, 2026 | 17.96% |
| Dec 31, 2025 | 20.23% |
| Sep 30, 2025 | 20.13% |
| Jun 30, 2025 | 19.23% |
| Mar 31, 2025 | 22.86% |
| Dec 31, 2024 | 20.54% |
| Sep 30, 2024 | 20.59% |
| Jun 30, 2024 | 20.01% |
| Mar 31, 2024 | 19.41% |
| Dec 31, 2023 | 18.33% |
| Sep 30, 2023 | 17.50% |
| Jun 30, 2023 | 17.23% |
| Mar 31, 2023 | 16.11% |
| Dec 31, 2022 | 15.55% |
| Sep 30, 2022 | 16.18% |
| Jun 30, 2022 | 15.99% |
| Mar 31, 2022 | 14.21% |
| Dec 31, 2021 | 16.85% |
| Sep 30, 2021 | 15.07% |
API Access
Badger Meter EBT 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=ebt-margin&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();