Badger Meter (BMI) Intangibles (2010 - 2026)
Badger Meter's Intangibles was $162.54 million in Q2 2026, up 28.9% from $126.11 million a year earlier and up 42.1% from the prior quarter.
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Analysis
Badger Meter (BMI) Intangibles (2010 - 2026) Analysis & Trends
At the end of FY2025, Intangibles at Badger Meter came in at $118.5 million, up 162.9% from FY2024.
- Intangibles shows a five-year compound annual growth rate of 17.2% (FY2020 to FY2025).
- In earlier years, Intangibles was $45.07 million in FY2024 (-16.1%), $53.74 million in FY2023 (+0.2%), $53.61 million in FY2022 (-16.5%) and $64.18 million in FY2021 (+19.7%).
- The Q2 2026 figure marks the highest quarterly Intangibles in data going back to Q4 2010.
- Compared with a year earlier, Intangibles was higher in five of the last eight quarters, with growth averaging 75.4%.
- The best year-over-year quarter for Intangibles over five years was Q4 2025 (growth of 162.9%); the worst was Q3 2022 (a decline of 19.0%).
- Per Business Quant data, BMI's Intangibles in the three quarters before Q2 2026 was $114.4 million (Q1 2026), $118.5 million (Q4 2025) and $122.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.88 Bn | 69.66 Bn | 1.95 Bn | 3.45 Bn |
| 2 | Veralto | 23.60 Bn | 16.25 Bn | 902.00 Mn | 828.00 Mn |
| 3 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 2.15 Bn |
| 4 | Badger Meter | 3.65 Bn | 2.92 Bn | 90.77 Mn | 162.54 Mn |
| 5 | Ceco Environmental | 3.06 Bn | 2.89 Bn | 86.47 Mn | 999.43 Mn |
| 6 | NWPX Infrastructure | 986.65 Mn | 948.13 Mn | 34.36 Mn | 22.41 Mn |
| 7 | Energy Recovery | 345.43 Mn | 20.59 Mn | 8.96 Mn | - |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 289.72 Mn | 169.35 Mn | - | 503.10 Mn |
| 10 | LanzaTech Global | 77.10 Mn | -38.04 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 162.54 Mn |
| Mar 31, 2026 | 114.40 Mn |
| Dec 31, 2025 | 118.50 Mn |
| Sep 30, 2025 | 122.06 Mn |
| Jun 30, 2025 | 126.11 Mn |
| Mar 31, 2025 | 131.09 Mn |
| Dec 31, 2024 | 45.07 Mn |
| Sep 30, 2024 | 48.96 Mn |
| Jun 30, 2024 | 50.18 Mn |
| Mar 31, 2024 | 52.47 Mn |
| Dec 31, 2023 | 53.74 Mn |
| Sep 30, 2023 | 54.63 Mn |
| Jun 30, 2023 | 57.51 Mn |
| Mar 31, 2023 | 59.51 Mn |
| Dec 31, 2022 | 53.61 Mn |
| Sep 30, 2022 | 54.31 Mn |
| Jun 30, 2022 | 57.77 Mn |
| Mar 31, 2022 | 61.25 Mn |
| Dec 31, 2021 | 64.18 Mn |
| Sep 30, 2021 | 67.08 Mn |
API Access
Badger Meter Intangibles 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=intangibles&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();