Badger Meter BMI
NYSE BMI
$127.51 -1.12 (-0.87%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%