Badger Meter (BMI) Inventory (2010 - 2026)
Badger Meter's Inventory was $178.09 million in Q2 2026, up 20.9% from $147.26 million a year earlier and up 1.7% from the prior quarter.
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Analysis
Badger Meter (BMI) Inventory (2010 - 2026) Analysis & Trends
At the end of FY2025, Inventory at Badger Meter came in at $151.94 million, up 5.9% from FY2024.
- Inventory shows a five-year compound annual growth rate of 13.2% (FY2020 to FY2025).
- In earlier years, Inventory was $143.41 million in FY2024 (-6.7%), $153.67 million in FY2023 (+28.2%), $119.86 million in FY2022 (+20.3%) and $99.61 million in FY2021 (+22.1%).
- The Q2 2026 figure marks the highest quarterly Inventory in data going back to Q4 2010.
- Compared with a year earlier, Inventory has increased for three straight quarters, with growth averaging 3.2% over the last eight quarters.
- The best year-over-year quarter for Inventory over five years was Q3 2023 (growth of 30.1%); the worst was Q2 2025 (a decline of 8.7%).
- Per Business Quant data, BMI's Inventory in the three quarters before Q2 2026 was $175.19 million (Q1 2026), $151.94 million (Q4 2025) and $152.63 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 1.64 Bn |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 1.02 Bn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 336.00 Mn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 178.09 Mn |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | 211.39 Mn |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 91.08 Mn |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | 38.24 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | 1.97 Mn |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | - |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 178.09 Mn |
| Mar 31, 2026 | 175.19 Mn |
| Dec 31, 2025 | 151.94 Mn |
| Sep 30, 2025 | 152.63 Mn |
| Jun 30, 2025 | 147.26 Mn |
| Mar 31, 2025 | 149.41 Mn |
| Dec 31, 2024 | 143.41 Mn |
| Sep 30, 2024 | 158.52 Mn |
| Jun 30, 2024 | 161.27 Mn |
| Mar 31, 2024 | 160.44 Mn |
| Dec 31, 2023 | 153.67 Mn |
| Sep 30, 2023 | 147.79 Mn |
| Jun 30, 2023 | 144.75 Mn |
| Mar 31, 2023 | 132.34 Mn |
| Dec 31, 2022 | 119.86 Mn |
| Sep 30, 2022 | 113.61 Mn |
| Jun 30, 2022 | 111.44 Mn |
| Mar 31, 2022 | 103.02 Mn |
| Dec 31, 2021 | 99.61 Mn |
| Sep 30, 2021 | 91.82 Mn |
API Access
Badger Meter Inventory 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=inventory&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();