Badger Meter (BMI) Net Margin (2010 - 2026)

Badger Meter (BMI) reported Net Margin of 13.51% for Q1 2026, down 377.0% year-over-year from 4.88% in Q1 2025, and down 32.86% quarter-over-quarter from 20.13% in Q4 2025.

Badger Meter (BMI) Net Margin (2010 - 2026) Analysis & Trends

Badger Meter (BMI) has 17 years of Net Margin data on file, last reported at 13.51% in Q1 2026.

  • Net Margin for Q1 2026 came in at 13.51%, down 377.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.77% (up 1988.0% YoY), and the FY2025 annual result was 16.63%, up 2200.0% from the prior year.
  • Net Margin slipped to 13.51% in Q1 2026 per BMI's latest filing, from 20.13% in the prior quarter.
  • Over five years, Net Margin peaked at 20.13% in Q4 2025 and troughed at 67.52% in Q4 2024.
  • A 5-year average of 6.3% and a median of 13.51% in 2026 frame the typical range for Net Margin.
  • The sharpest annual moves came in 2023 and 2025: Net Margin tumbled 4892 bps in 2023, then surged 8764 bps in 2025.
  • A 5-year view of Net Margin shows it stood at 11.91% in 2022, then plunged by 411 bps to 37.02% in 2023, then plunged by 82 bps to 67.52% in 2024, then surged by 130 bps to 20.13% in 2025, then slumped by 33 bps to 13.51% in 2026.
  • Business Quant data shows BMI's Net Margin at 13.51% in Q1 2026, 20.13% in Q4 2025, and 14.89% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Coherent 67.67 Bn 66.37 Bn 679.95 Mn 10.60%
2 Keysight Technologies 57.00 Bn 54.83 Bn 995.00 Mn 17.56%
3 Garmin 45.82 Bn 43.12 Bn 1.04 Bn 23.10%
4 Teledyne Technologies 28.64 Bn 28.34 Bn 673.80 Mn 14.54%
5 Mks 21.67 Bn 21.10 Bn 507.00 Mn 7.79%
6 Fortive 19.42 Bn 19.07 Bn 675.50 Mn -
7 Trimble 12.42 Bn 12.19 Bn 646.30 Mn 10.52%
8 Cognex 10.23 Bn 9.94 Bn 190.94 Mn 19.26%
9 Esco Technologies 7.86 Bn 7.77 Bn 131.32 Mn 0.38%
10 Badger Meter 3.81 Bn 3.60 Bn 84.33 Mn 13.51%

Historic Data

Download Data
DateValue
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%