Badger Meter (BMI) Net Margin (2010 - 2026)
Badger Meter (BMI) posted quarterly Net Margin of 13.37% for Q2 2026, down 116.0% year-over-year from 83.55% in Q2 2025, and down 1.08% quarter-over-quarter from 13.51% in Q1 2026.
Badger Meter (BMI) Net Margin (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has reported Net Margin for 17 consecutive years, with 13.37% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin fell 116.0% year-over-year to 13.37%; the TTM figure through Jun 2026 stood at 14.27% (down 162.0% YoY), while the FY2025 annual figure was 15.45%, down 4.0% from the prior year.
- Net Margin retreated to 13.37% in Q2 2026 per BMI's latest filing, from 13.51% in the prior quarter.
- Across five years, Net Margin topped out at 17.28% in Q1 2025 and bottomed at 10.85% in Q1 2022.
- Historically, Net Margin has averaged 13.89% across 5 years, with a median of 13.73% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin soared 308 bps — and 2026, when it plunged 377 bps.
- Badger Meter's Net Margin stood at 11.91% in 2022, then advanced by 13 bps to 13.41% in 2023, then climbed by 23 bps to 16.49% in 2024, then declined by 8 bps to 15.21% in 2025, then slipped by 12 bps to 13.37% in 2026.
- Business Quant data shows BMI's Net Margin at 13.37% in Q2 2026, 13.51% in Q1 2026, and 15.21% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 26.80% |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 20.33% |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 11.76% |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 15.14% |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 14.02% |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 14.34% |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | -48.53% |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 24.98% |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 9.66% |
| 10 | Badger Meter | 3.74 Bn | 3.64 Bn | 90.77 Mn | 13.37% |
Historic Data
Download 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 | 16.49% |
| Sep 30, 2024 | 15.37% |
| Jun 30, 2024 | 15.26% |
| Mar 31, 2024 | 14.84% |
| Dec 31, 2023 | 13.41% |
| 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% |