Badger Meter (BMI) Net Income (2010 - 2026)
Badger Meter (BMI) recorded Net Income of $29.72 million in Q2 2026, down 14.1% from $34.58 million a year earlier but up 8.7% from the prior quarter.
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Analysis
Badger Meter (BMI) Net Income (2010 - 2026) Analysis & Trends
On a TTM basis, Badger Meter's Net Income came in at $125.71 million as of Jun 30, 2026, down 7.4% year-over-year; for FY2025, it was $141.63 million, up 13.4% from FY2024.
- Annual Net Income has increased for seven straight years, with a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- Across earlier years, Net Income came in at $124.94 million in FY2024 (+34.9%), $92.6 million in FY2023 (+39.3%), $66.5 million in FY2022 (+9.2%) and $60.88 million in FY2021 (+23.4%).
- Quarterly Net Income has ranged from $14.36 million in Q1 2022 to $38.4 million in Q1 2025 over the past five years.
- On a year-over-year basis, Net Income rose in six of the last eight quarters, with growth averaging 7.5%.
- Peak year-over-year performance for Net Income in the last five years was growth of 50.0% in Q1 2024, against a decline of 28.8% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $27.34 million (Q1 2026), $33.58 million (Q4 2025) and $35.08 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.88 Bn | 69.66 Bn | 1.95 Bn | 538.70 Mn |
| 2 | Veralto | 23.60 Bn | 16.25 Bn | 902.00 Mn | 241.00 Mn |
| 3 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 261.00 Mn |
| 4 | Badger Meter | 3.65 Bn | 2.92 Bn | 90.77 Mn | 29.72 Mn |
| 5 | Ceco Environmental | 3.06 Bn | 2.89 Bn | 86.47 Mn | -34.49 Mn |
| 6 | NWPX Infrastructure | 986.65 Mn | 948.13 Mn | 34.36 Mn | 15.83 Mn |
| 7 | Energy Recovery | 345.43 Mn | 20.59 Mn | 8.96 Mn | -3.20 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | -11.37 Mn |
| 9 | AirJoule Technologies | 289.72 Mn | 169.35 Mn | - | -8.53 Mn |
| 10 | LanzaTech Global | 77.10 Mn | -38.04 Mn | 1.91 Mn | -9.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.72 Mn |
| Mar 31, 2026 | 27.34 Mn |
| Dec 31, 2025 | 33.58 Mn |
| Sep 30, 2025 | 35.08 Mn |
| Jun 30, 2025 | 34.58 Mn |
| Mar 31, 2025 | 38.40 Mn |
| Dec 31, 2024 | 30.72 Mn |
| Sep 30, 2024 | 32.04 Mn |
| Jun 30, 2024 | 33.06 Mn |
| Mar 31, 2024 | 29.13 Mn |
| Dec 31, 2023 | 24.72 Mn |
| Sep 30, 2023 | 25.97 Mn |
| Jun 30, 2023 | 22.49 Mn |
| Mar 31, 2023 | 19.42 Mn |
| Dec 31, 2022 | 17.54 Mn |
| Sep 30, 2022 | 17.93 Mn |
| Jun 30, 2022 | 16.66 Mn |
| Mar 31, 2022 | 14.36 Mn |
| Dec 31, 2021 | 17.28 Mn |
| Sep 30, 2021 | 15.86 Mn |
API Access
Badger Meter Net Income 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=net-income&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();