Badger Meter (BMI) Net Margin (2010 - 2026)
Badger Meter (BMI) reported Net Margin of 13.37% for Q2 2026, down 1.16 percentage points from 14.53% a year earlier and down 0.15 percentage points from the prior quarter.
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Analysis
Badger Meter (BMI) Net Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Badger Meter's Net Margin came in at 14.27%, down 1.26 percentage points year-over-year; for FY2025, it came in at 15.45%, up 0.34 percentage points from FY2024.
- Net Margin has increased for three consecutive years, with a five-year change of +3.86 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 15.12% in FY2024 (+1.96 pp), 13.16% in FY2023 (+1.40 pp), 11.76% in FY2022 (-0.29 pp) and 12.05% in FY2021 (+0.46 pp).
- The Q2 2026 figure ranks as the lowest quarterly Net Margin since Q2 2023.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of -0.08 percentage points.
- The high point for year-over-year Net Margin in five years was Q1 2024 (a gain of 2.64 percentage points); the low point was Q1 2026 (a drop of 3.77 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.51% (Q1 2026), 15.21% (Q4 2025) and 14.89% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 12.11% |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 11.26% |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 16.35% |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 13.37% |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | -12.20% |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 9.93% |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | -26.66% |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | -1,291.01% |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | - |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | 2,044.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.37% |
| Mar 31, 2026 | 13.51% |
| Dec 31, 2025 | 15.21% |
| Sep 30, 2025 | 14.89% |
| Jun 30, 2025 | 14.53% |
| Mar 31, 2025 | 17.28% |
| Dec 31, 2024 | 14.97% |
| Sep 30, 2024 | 15.37% |
| Jun 30, 2024 | 15.26% |
| Mar 31, 2024 | 14.84% |
| Dec 31, 2023 | 13.55% |
| Sep 30, 2023 | 13.95% |
| Jun 30, 2023 | 12.79% |
| Mar 31, 2023 | 12.20% |
| Dec 31, 2022 | 11.91% |
| Sep 30, 2022 | 12.12% |
| Jun 30, 2022 | 12.09% |
| Mar 31, 2022 | 10.85% |
| Dec 31, 2021 | 12.73% |
| Sep 30, 2021 | 12.32% |
API Access
Badger Meter Net Margin 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-margin&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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-margin&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();