Badger Meter (BMI) EV to FCF (2009 - 2026)
Badger Meter's (BMI) EV to FCF was 24.33 for Q3 2026, down 20.1% from 30.43 a year earlier and down 13.1% from the prior quarter.
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Analysis
Badger Meter (BMI) EV to FCF (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Badger Meter's EV to FCF came in at 20.62, down 23.3% year-over-year; for FY2025, it came in at 28.89, down 30.7% from FY2024.
- By year, EV to FCF came in at 41.71 in FY2024 (-5.5%), 44.12 in FY2023 (+10.8%), 39.81 in FY2022 (+6.5%) and 37.37 in FY2021 (+13.1%).
- The Q3 2026 figure ranks as the lowest quarterly EV to FCF since Q3 2020.
- Year over year, EV to FCF has now declined in each of the last eight quarters, with an average decline of 22.4% over the last eight quarters.
- The high point for year-over-year EV to FCF in five years was Q2 2023 (growth of 45.1%); the low point was Q2 2026 (a decline of 36.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 27.98 (Q2 2026), 25.08 (Q1 2026) and 28.89 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - |
| 10 | LanzaTech Global | 55.76 Mn | -41.87 Mn | 1.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.33 |
| Jun 30, 2026 | 27.98 |
| Mar 31, 2026 | 25.08 |
| Dec 31, 2025 | 28.89 |
| Sep 30, 2025 | 30.43 |
| Jun 30, 2025 | 44.07 |
| Mar 31, 2025 | 35.65 |
| Dec 31, 2024 | 41.71 |
| Sep 30, 2024 | 47.16 |
| Jun 30, 2024 | 44.85 |
| Mar 31, 2024 | 44.16 |
| Dec 31, 2023 | 44.12 |
| Sep 30, 2023 | 44.74 |
| Jun 30, 2023 | 49.68 |
| Mar 31, 2023 | 41.91 |
| Dec 31, 2022 | 39.81 |
| Sep 30, 2022 | 34.89 |
| Jun 30, 2022 | 34.24 |
| Mar 31, 2022 | 47.09 |
| Dec 31, 2021 | 37.37 |
API Access
Badger Meter EV to FCF 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-fcf&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();