Badger Meter (BMI) Net Margin (2010 - 2026)
Badger Meter's (BMI) quarterly Net Margin came in at 13.37% in 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.
Analysis
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.
- On a quarterly basis, Net Margin fell 116.0% year-over-year to 13.37% in Q2 2026; TTM through Jun 2026 was 14.27%, a 162.0% decrease from a year earlier, with the FY2025 full-year figure at 15.45%, down 4.0% from the prior year.
- Net Margin was 13.37% for Q2 2026 at Badger Meter, down from 13.51% in the prior quarter.
- Over five years, Net Margin peaked at 17.28% in Q1 2025 and troughed at 10.85% in Q1 2022.
- A 5-year average of 13.89% and a median of 13.73% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 308 bps in 2024 and sank 377 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 11.91% in 2022, then rose by 13 bps to 13.41% in 2023, then gained by 23 bps to 16.49% in 2024, then slipped by 8 bps to 15.21% in 2025, then retreated by 12 bps to 13.37% in 2026.
- The last three Net Margin figures came in at 13.37% (Q2 2026), 13.51% (Q1 2026), and 15.21% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 76.62 Bn | 71.48 Bn | 1.95 Bn | 12.20% |
| 2 | Xylem | 25.39 Bn | 24.11 Bn | 963.00 Mn | 11.17% |
| 3 | Veralto | 23.26 Bn | 21.14 Bn | 902.00 Mn | 16.35% |
| 4 | Badger Meter | 3.70 Bn | 3.60 Bn | 90.77 Mn | 13.37% |
| 5 | NWPX Infrastructure | 1.03 Bn | 1.01 Bn | 34.36 Mn | 9.93% |
| 6 | Energy Recovery | 380.05 Mn | 287.00 Mn | 8.96 Mn | -26.66% |
| 7 | Cadiz | 339.11 Mn | 333.79 Mn | -24,000.00 | -1,291.01% |
| 8 | AirJoule Technologies | 307.53 Mn | 266.11 Mn | - | - |
| 9 | Euro Tech Holdings | 13.01 Mn | -11.70 Mn | - | - |
| 10 | Rain Enhancement Technologies Holdco | 5.89 Mn | 5.89 Mn | - | - |
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 | 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% |