Badger Meter (BMI) EV to EBITDA (2011 - 2026)
Badger Meter's (BMI) EV to EBITDA was 17.04 for Q3 2026, down 28.1% from 23.71 a year earlier and down 18.9% from the prior quarter.
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Analysis
Badger Meter (BMI) EV to EBITDA (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Badger Meter's EV to EBITDA came in at 14.45, down 31.0% year-over-year; for FY2025, it came in at 22.48, down 27.9% from FY2024.
- By year, EV to EBITDA came in at 31.20 in FY2024 (+5.3%), 29.62 in FY2023 (+10.3%), 26.84 in FY2022 (-5.2%) and 28.32 in FY2021 (-3.8%).
- The Q3 2026 figure ranks as the lowest quarterly EV to EBITDA since Q1 2020.
- Year over year, EV to EBITDA has now declined in each of the last five quarters, with an average decline of 17.1% over the last eight quarters.
- The high point for year-over-year EV to EBITDA in five years was Q2 2023 (growth of 60.1%); the low point was Q2 2026 (a decline of 38.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 21.02 (Q2 2026), 20.74 (Q1 2026) and 22.48 (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 | 17.04 |
| Jun 30, 2026 | 21.02 |
| Mar 31, 2026 | 20.74 |
| Dec 31, 2025 | 22.48 |
| Sep 30, 2025 | 23.71 |
| Jun 30, 2025 | 34.02 |
| Mar 31, 2025 | 26.92 |
| Dec 31, 2024 | 31.20 |
| Sep 30, 2024 | 33.85 |
| Jun 30, 2024 | 30.56 |
| Mar 31, 2024 | 28.70 |
| Dec 31, 2023 | 29.62 |
| Sep 30, 2023 | 29.97 |
| Jun 30, 2023 | 32.81 |
| Mar 31, 2023 | 28.72 |
| Dec 31, 2022 | 26.84 |
| Sep 30, 2022 | 22.57 |
| Jun 30, 2022 | 20.50 |
| Mar 31, 2022 | 26.31 |
| Dec 31, 2021 | 28.32 |
API Access
Badger Meter EV to EBITDA 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-ebitda&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();