Badger Meter (BMI) Free Cash Flow (2010 - 2026)
Badger Meter (BMI) posted quarterly Free Cash Flow of $21.9 million for Q2 2026, down 46.19% year-over-year from $40.6 million in Q2 2025, and down 25.77% quarter-over-quarter from $29.5 million in Q1 2026.
Badger Meter (BMI) Free Cash Flow (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has reported Free Cash Flow for 17 consecutive years, with $21.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow fell 46.19% year-over-year to $21.9 million; the TTM figure through Jun 2026 stood at $150.3 million (down 6.1% YoY), while the FY2025 annual figure was $169.7 million, up 19.31% from the prior year.
- Free Cash Flow fell to $21.9 million in Q2 2026 per BMI's latest filing, from $29.5 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $50.8 million in Q4 2025 and bottomed at $8.1 million in Q1 2022.
- Historically, Free Cash Flow has averaged $29.9 million across 5 years, with a median of $29.0 million in 2022.
- Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 71.84% — and 2024, when it jumped 69.5%.
- Badger Meter's Free Cash Flow stood at $28.5 million in 2022, then climbed by 25.9% to $35.9 million in 2023, then surged by 32.06% to $47.4 million in 2024, then increased by 7.11% to $50.8 million in 2025, then sank by 56.92% to $21.9 million in 2026.
- Business Quant data shows BMI's Free Cash Flow at $21.9 million in Q2 2026, $29.5 million in Q1 2026, and $50.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 275.78 Mn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 472.00 Mn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | -486.23 Mn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 284.70 Mn |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 189.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 258.10 Mn |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 233.20 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 67.62 Mn |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 47.33 Mn |
| 10 | Badger Meter | 3.84 Bn | 3.74 Bn | 90.77 Mn | 21.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.87 Mn |
| Jun 30, 2026 | 21.87 Mn |
| Mar 31, 2026 | 29.47 Mn |
| Mar 31, 2026 | 29.47 Mn |
| Dec 31, 2025 | 50.77 Mn |
| Dec 31, 2025 | 50.77 Mn |
| Sep 30, 2025 | 48.20 Mn |
| Sep 30, 2025 | 48.20 Mn |
| Jun 30, 2025 | 40.65 Mn |
| Jun 30, 2025 | 40.65 Mn |
| Mar 31, 2025 | 30.06 Mn |
| Mar 31, 2025 | 30.06 Mn |
| Dec 31, 2024 | 47.40 Mn |
| Dec 31, 2024 | 47.40 Mn |
| Sep 30, 2024 | 41.96 Mn |
| Sep 30, 2024 | 41.96 Mn |
| Jun 30, 2024 | 34.08 Mn |
| Jun 30, 2024 | 34.08 Mn |
| Mar 31, 2024 | 18.78 Mn |
| Mar 31, 2024 | 18.78 Mn |