Badger Meter (BMI) EV to EBIT (2011 - 2026)
Badger Meter's (BMI) EV to EBIT was 20.95 for Q3 2026, down 25.7% from 28.18 a year earlier and down 18.5% from the prior quarter.
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Analysis
Badger Meter (BMI) EV to EBIT (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Badger Meter's EV to EBIT came in at 17.76, down 28.6% year-over-year; for FY2025, it was 26.72, down 28.9% from FY2024.
- By year, EV to EBIT came in at 37.56 in FY2024 (+2.4%), 36.67 in FY2023 (+5.0%), 34.91 in FY2022 (-8.9%) and 38.34 in FY2021 (-6.1%).
- The Q3 2026 figure ranks as the lowest quarterly EV to EBIT since Q1 2017.
- Year over year, EV to EBIT has now declined in each of the last five quarters, with an average decline of 17.7% over the last eight quarters.
- The high point for year-over-year EV to EBIT in five years was Q2 2023 (growth of 52.3%); the low point was Q2 2026 (a decline of 36.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 25.69 (Q2 2026), 25.07 (Q1 2026) and 26.72 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 85.71 Bn | 78.69 Bn | 2.07 Bn |
| 2 | Veralto | 28.52 Bn | 21.15 Bn | 908.00 Mn |
| 3 | Xylem | 22.63 Bn | 18.36 Bn | 907.00 Mn |
| 4 | Badger Meter | 4.51 Bn | 3.92 Bn | 98.85 Mn |
| 5 | Ceco Environmental | 2.29 Bn | 2.11 Bn | 86.47 Mn |
| 6 | NWPX Infrastructure | 887.68 Mn | 845.76 Mn | 38.19 Mn |
| 7 | Energy Recovery | 377.64 Mn | 40.09 Mn | 4.20 Mn |
| 8 | Cadiz | 305.87 Mn | 270.99 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 179.92 Mn | 59.54 Mn | - |
| 10 | LanzaTech Global | 53.29 Mn | -44.34 Mn | 1.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.95 |
| Jun 30, 2026 | 25.69 |
| Mar 31, 2026 | 25.07 |
| Dec 31, 2025 | 26.72 |
| Sep 30, 2025 | 28.18 |
| Jun 30, 2025 | 40.50 |
| Mar 31, 2025 | 32.04 |
| Dec 31, 2024 | 37.56 |
| Sep 30, 2024 | 40.88 |
| Jun 30, 2024 | 37.11 |
| Mar 31, 2024 | 35.17 |
| Dec 31, 2023 | 36.67 |
| Sep 30, 2023 | 37.43 |
| Jun 30, 2023 | 41.47 |
| Mar 31, 2023 | 36.83 |
| Dec 31, 2022 | 34.91 |
| Sep 30, 2022 | 29.53 |
| Jun 30, 2022 | 27.24 |
| Mar 31, 2022 | 35.44 |
| Dec 31, 2021 | 38.34 |
API Access
Badger Meter EV to EBIT 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=ev-to-ebit&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();