Badger Meter (BMI) Inventory (2010 - 2026)
Badger Meter's Inventory was $166.43 million in Q3 2026, up 9.0% from $152.63 million a year earlier but down 6.5% from the prior quarter.
Powered by 
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%).
- Quarterly Inventory has moved between $99.61 million (Q4 2021) and $178.09 million (Q2 2026) over five years.
- Compared with a year earlier, Inventory has increased for four straight quarters, with growth averaging 3.4% 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 Q3 2026 was $178.09 million (Q2 2026), $175.19 million (Q1 2026) and $151.94 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn | 1.76 Bn |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn | 340.00 Mn |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn | 1.05 Bn |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn | 166.43 Mn |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn | 211.39 Mn |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn | 89.32 Mn |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn | 44.05 Mn |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 | 1.97 Mn |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - | - |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 166.43 Mn |
| 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 |
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();