Badger Meter (BMI) Enterprise Value (2010 - 2026)
Badger Meter (BMI) reported Enterprise Value of $3.46 billion for Q3 2026, down 31.6% from $5.06 billion a year earlier and down 17.6% from the prior quarter.
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Analysis
Badger Meter (BMI) Enterprise Value (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Badger Meter's Enterprise Value came in at $2.94 billion, down 34.3% year-over-year; for FY2025, it was $4.9 billion, down 17.4% from FY2024.
- Enterprise Value has a five-year compound annual growth rate of 13.0% (FY2020 to FY2025).
- By year, Enterprise Value came in at $5.93 billion in FY2024 (+37.0%), $4.33 billion in FY2023 (+42.0%), $3.05 billion in FY2022 (+1.0%) and $3.02 billion in FY2021 (+13.5%).
- The Q3 2026 figure ranks as the lowest quarterly Enterprise Value since Q1 2023.
- Year over year, Enterprise Value has now declined in each of the last five quarters, with an average decline of 4.8% over the last eight quarters.
- The high point for year-over-year Enterprise Value in five years was Q2 2023 (growth of 84.5%); the low point was Q2 2026 (a decline of 40.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $4.21 billion (Q2 2026), $4.24 billion (Q1 2026) and $4.9 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.46 Bn |
| Jun 30, 2026 | 4.21 Bn |
| Mar 31, 2026 | 4.24 Bn |
| Dec 31, 2025 | 4.90 Bn |
| Sep 30, 2025 | 5.06 Bn |
| Jun 30, 2025 | 7.05 Bn |
| Mar 31, 2025 | 5.47 Bn |
| Dec 31, 2024 | 5.93 Bn |
| Sep 30, 2024 | 6.16 Bn |
| Jun 30, 2024 | 5.25 Bn |
| Mar 31, 2024 | 4.56 Bn |
| Dec 31, 2023 | 4.33 Bn |
| Sep 30, 2023 | 4.06 Bn |
| Jun 30, 2023 | 4.18 Bn |
| Mar 31, 2023 | 3.44 Bn |
| Dec 31, 2022 | 3.05 Bn |
| Sep 30, 2022 | 2.59 Bn |
| Jun 30, 2022 | 2.27 Bn |
| Mar 31, 2022 | 2.83 Bn |
| Dec 31, 2021 | 3.02 Bn |
API Access
Badger Meter Enterprise Value 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=enterprise-value&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();