Badger Meter (BMI) FCF Margin (2010 - 2026)
Badger Meter (BMI) posted quarterly FCF Margin of 9.84% for Q2 2026, down 723.0% year-over-year from 1.58% in Q2 2025, and down 32.46% quarter-over-quarter from 14.57% in Q1 2026.
Badger Meter (BMI) FCF Margin (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has reported FCF Margin for 17 consecutive years, with 9.84% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin fell 723.0% year-over-year to 9.84%; the TTM figure through Jun 2026 stood at 17.06% (down 125.0% YoY), while the FY2025 annual figure was 18.51%, up 130.0% from the prior year.
- FCF Margin retreated to 9.84% in Q2 2026 per BMI's latest filing, from 14.57% in the prior quarter.
- Across five years, FCF Margin topped out at 23.1% in Q4 2024 and bottomed at 6.12% in Q1 2022.
- Historically, FCF Margin has averaged 15.3% across 5 years, with a median of 15.03% in 2022.
- Annual changes were most pronounced in 2022 — FCF Margin tumbled 1831 bps — and 2024, when it jumped 487 bps.
- Badger Meter's FCF Margin stood at 19.35% in 2022, then advanced by 2 bps to 19.67% in 2023, then increased by 17 bps to 23.1% in 2024, then slipped by 0 bps to 23.0% in 2025, then tumbled by 57 bps to 9.84% in 2026.
- Business Quant data shows BMI's FCF Margin at 9.84% in Q2 2026, 14.57% in Q1 2026, and 23.0% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 13.64% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 27.49% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | -23.77% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 17.12% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 15.14% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 23.53% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 23.99% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 23.22% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 13.96% |
| 10 | Badger Meter | 3.84 Bn | 3.74 Bn | 90.77 Mn | 9.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.84% |
| Mar 31, 2026 | 14.57% |
| Dec 31, 2025 | 23.00% |
| Sep 30, 2025 | 20.45% |
| Jun 30, 2025 | 17.07% |
| Mar 31, 2025 | 13.53% |
| Dec 31, 2024 | 23.10% |
| Sep 30, 2024 | 20.13% |
| Jun 30, 2024 | 15.73% |
| Mar 31, 2024 | 9.57% |
| Dec 31, 2023 | 19.67% |
| Sep 30, 2023 | 15.26% |
| Jun 30, 2023 | 11.43% |
| Mar 31, 2023 | 8.61% |
| Dec 31, 2022 | 19.35% |
| Sep 30, 2022 | 14.81% |
| Jun 30, 2022 | 13.08% |
| Mar 31, 2022 | 6.12% |
| Dec 31, 2021 | 19.28% |
| Sep 30, 2021 | 10.80% |