Badger Meter (BMI) Gross Margin (2010 - 2026)
Badger Meter's (BMI) quarterly Gross Margin came in at 40.83% in Q2 2026, down 25.0% year-over-year from 54.44% in Q2 2025, and down 2.06% quarter-over-quarter from 41.69% in Q1 2026.
Analysis
Badger Meter (BMI) Gross Margin (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has reported Gross Margin for 17 consecutive years, with 40.83% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 25.0% year-over-year to 40.83% in Q2 2026; TTM through Jun 2026 was 41.31%, a 13.0% increase from a year earlier, with the FY2025 full-year figure at 41.68%, up 185.0% from the prior year.
- Gross Margin was 40.83% for Q2 2026 at Badger Meter, down from 41.69% in the prior quarter.
- Over five years, Gross Margin peaked at 42.95% in Q1 2025 and troughed at 38.31% in Q1 2022.
- A 5-year average of 40.08% and a median of 39.61% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 358 bps in 2022 and soared 363 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 38.67% in 2022, then increased by 1 bps to 39.17% in 2023, then rose by 3 bps to 40.33% in 2024, then climbed by 4 bps to 42.13% in 2025, then slipped by 3 bps to 40.83% in 2026.
- The last three Gross Margin figures came in at 40.83% (Q2 2026), 41.69% (Q1 2026), and 42.13% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.30 Bn | 73.20 Bn | 1.95 Bn | 44.07% |
| 2 | Xylem | 24.67 Bn | 23.64 Bn | 963.00 Mn | 41.22% |
| 3 | Veralto | 23.52 Bn | 21.40 Bn | 902.00 Mn | 61.19% |
| 4 | Badger Meter | 3.84 Bn | 3.74 Bn | 90.77 Mn | 40.83% |
| 5 | NWPX Infrastructure | 1.04 Bn | 1.02 Bn | 34.36 Mn | 21.54% |
| 6 | Energy Recovery | 390.46 Mn | 297.41 Mn | 8.96 Mn | 74.67% |
| 7 | Cadiz | 350.11 Mn | 344.79 Mn | -24,000.00 | -2.45% |
| 8 | AirJoule Technologies | 335.20 Mn | 293.78 Mn | - | - |
| 9 | Euro Tech Holdings | 12.29 Mn | -11.86 Mn | - | - |
| 10 | Rain Enhancement Technologies Holdco | 8.79 Mn | 8.79 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.83% |
| Mar 31, 2026 | 41.69% |
| Dec 31, 2025 | 42.13% |
| Sep 30, 2025 | 40.67% |
| Jun 30, 2025 | 41.08% |
| Mar 31, 2025 | 42.95% |
| Dec 31, 2024 | 40.33% |
| Sep 30, 2024 | 40.24% |
| Jun 30, 2024 | 39.40% |
| Mar 31, 2024 | 39.32% |
| Dec 31, 2023 | 39.17% |
| Sep 30, 2023 | 39.06% |
| Jun 30, 2023 | 39.48% |
| Mar 31, 2023 | 39.48% |
| Dec 31, 2022 | 38.67% |
| Sep 30, 2022 | 38.86% |
| Jun 30, 2022 | 39.73% |
| Mar 31, 2022 | 38.31% |
| Dec 31, 2021 | 40.39% |
| Sep 30, 2021 | 39.76% |