Badger Meter (BMI) Net Margin (2010 - 2026)
Badger Meter (BMI) posted quarterly Net Margin of 13.51% for Q1 2026, down 377.0% YoY from 4.88% in Q1 2025, and down 32.86% sequentially from 20.13% in Q4 2025.
Badger Meter (BMI) Net Margin (2010 - 2026) Analysis & Trends
Badger Meter has disclosed Net Margin across 17 years of filings, most recently posting 13.51% for Q1 2026.
- In Q1 2026, Net Margin fell 377.0% year-over-year to 13.51%; the TTM figure through Mar 2026 stood at 15.77% (up 1988.0% YoY), while the FY2025 annual figure was 16.63%, up 2200.0% from the prior year.
- Net Margin declined to 13.51% in Q1 2026, from 20.13% in the prior quarter.
- Over the last five years, Net Margin for BMI reached as high as 20.13% in Q4 2025 and fell as low as 67.52% in Q4 2024.
- The 5-year median for Net Margin is 13.51% (2026), against an average of 6.3%.
- Annual changes were most pronounced in 2023 — Net Margin sank 4892 bps — and 2025, when it surged 8764 bps.
- A 5-year view of Net Margin shows it stood at 11.91% in 2022, then slumped by 411 bps to 37.02% in 2023, then slumped by 82 bps to 67.52% in 2024, then surged by 130 bps to 20.13% in 2025, then plunged by 33 bps to 13.51% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 13.51%, 20.13%, and 14.89% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 3,591.32 Bn | 3,590.02 Bn | 679.95 Mn | 10.60% |
| 2 | Novanta | 69.39 Bn | 69.00 Bn | 113.58 Mn | 8.19% |
| 3 | Keysight Technologies | 57.75 Bn | 55.57 Bn | 995.00 Mn | 17.56% |
| 4 | Teledyne Technologies | 30.63 Bn | 30.33 Bn | 673.80 Mn | 14.54% |
| 5 | Fortive | 19.14 Bn | 18.79 Bn | 675.50 Mn | - |
| 6 | Trimble | 12.33 Bn | 12.10 Bn | 646.30 Mn | 10.52% |
| 7 | Cognex | 11.87 Bn | 11.58 Bn | 190.94 Mn | 19.26% |
| 8 | Sensata Technologies Holding | 6.78 Bn | 6.14 Bn | 286.30 Mn | 9.32% |
| 9 | Garmin | 4.63 Bn | 1.93 Bn | 1.04 Bn | 23.10% |
| 10 | Badger Meter | 4.28 Bn | 4.07 Bn | 84.33 Mn | 13.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.51% |
| Dec 31, 2025 | 20.13% |
| Sep 30, 2025 | 14.89% |
| Jun 30, 2025 | 14.53% |
| Mar 31, 2025 | 17.28% |
| Dec 31, 2024 | -67.52% |
| Sep 30, 2024 | 15.37% |
| Jun 30, 2024 | 15.26% |
| Mar 31, 2024 | 14.84% |
| Dec 31, 2023 | -37.02% |
| 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 | 9.70% |
| Sep 30, 2021 | 12.32% |
| Jun 30, 2021 | 11.37% |