Badger Meter (BMI) Goodwill (2010 - 2026)
Badger Meter (BMI) reported Goodwill of $302.81 million for Q3 2026, up 28.0% from $236.65 million a year earlier and up 0.1% from the prior quarter.
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Analysis
Badger Meter (BMI) Goodwill (2010 - 2026) Analysis & Trends
At the end of FY2025, Badger Meter posted Goodwill of $235.58 million, up 110.7% from FY2024.
- Goodwill has a five-year compound annual growth rate of 21.6% (FY2020 to FY2025).
- By year, Goodwill came in at $111.8 million in FY2024 (-1.2%), $113.2 million in FY2023 (+11.7%), $101.3 million in FY2022 (-2.9%) and $104.31 million in FY2021 (+17.6%).
- The Q3 2026 figure ranks as the highest quarterly Goodwill in data going back to Q4 2010.
- Year over year, Goodwill has now increased in each of the last seven quarters, with growth averaging 60.6% over the last eight quarters.
- The high point for year-over-year Goodwill in five years was Q1 2022 (growth of 493.6%); the low point was Q3 2022 (a decline of 5.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $302.61 million (Q2 2026), $234.65 million (Q1 2026) and $235.58 million (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 | 302.81 Mn |
| Jun 30, 2026 | 302.61 Mn |
| Mar 31, 2026 | 234.65 Mn |
| Dec 31, 2025 | 235.58 Mn |
| Sep 30, 2025 | 236.65 Mn |
| Jun 30, 2025 | 235.70 Mn |
| Mar 31, 2025 | 231.54 Mn |
| Dec 31, 2024 | 111.80 Mn |
| Sep 30, 2024 | 115.00 Mn |
| Jun 30, 2024 | 113.36 Mn |
| Mar 31, 2024 | 113.47 Mn |
| Dec 31, 2023 | 113.20 Mn |
| Sep 30, 2023 | 112.70 Mn |
| Jun 30, 2023 | 113.80 Mn |
| Mar 31, 2023 | 113.77 Mn |
| Dec 31, 2022 | 101.30 Mn |
| Sep 30, 2022 | 99.10 Mn |
| Jun 30, 2022 | 101.21 Mn |
| Mar 31, 2022 | 103.29 Mn |
| Dec 31, 2021 | 104.31 Mn |
API Access
Badger Meter Goodwill 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=goodwill&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();