Badger Meter (BMI) FCF Margin (2010 - 2026)
Badger Meter (BMI) posted FCF Margin of 17.07% for Q3 2026, down 3.38 percentage points from 20.45% a year earlier but up 7.24 percentage points from the prior quarter.
Powered by 
Analysis
Badger Meter (BMI) FCF Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, FCF Margin at Badger Meter was 16.16%, down 2.30 percentage points year-over-year; for FY2025, it came in at 18.51%, up 1.30 percentage points from FY2024.
- Annual FCF Margin has increased for three consecutive years, though with a five-year change of -0.41 percentage points (FY2020 to FY2025).
- In prior years, Badger Meter's FCF Margin was 17.21% in FY2024 (+3.26 pp), 13.94% in FY2023 (+0.41 pp), 13.54% in FY2022 (-2.45 pp) and 15.99% in FY2021 (-2.93 pp).
- Quarterly FCF Margin has run from a low of 6.12% in Q1 2022 to a high of 23.10% in Q4 2024 over five years.
- On a year-over-year basis, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of -0.08 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q4 2021, with a gain of 7.98 percentage points; the weakest was Q1 2022, with a drop of 18.31 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 9.84% (Q2 2026), 14.57% (Q1 2026) and 23.00% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn | 9.59% |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn | 20.15% |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn | 11.00% |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn | 17.07% |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn | -8.50% |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn | 11.35% |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn | -86.69% |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 | -1,002.04% |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - | - |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn | -22.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.07% |
| 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% |
API Access
Badger Meter FCF Margin 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=fcf-margin&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();