Badger Meter BMI
NYSE BMI
$127.51 -1.12 (-0.87%)
As of: Sep 9, 2026 · 3:59 PM EDT

Badger Meter (BMI) Operating Expenses (2010 - 2026)

Badger Meter's (BMI) quarterly Operating Expenses came in at $51.4 million in Q2 2026, down 2.93% year-over-year from $52.9 million in Q2 2025, and up 4.56% quarter-over-quarter from $49.2 million in Q1 2026.

Analysis

Badger Meter (BMI) Operating Expenses (2010 - 2026) Analysis & Trends

Badger Meter (BMI) has reported Operating Expenses for 17 consecutive years, with $51.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 2.93% year-over-year to $51.4 million in Q2 2026; TTM through Jun 2026 was $200.2 million, a 7.8% increase from a year earlier, with the FY2025 full-year figure at $198.6 million, up 16.0% from the prior year.
  • Operating Expenses was $51.4 million for Q2 2026 at Badger Meter, up from $49.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $52.9 million in Q2 2025 and troughed at $31.9 million in Q1 2022.
  • A 5-year average of $42.3 million and a median of $42.3 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses advanced 22.73% in 2023 and decreased 2.93% in 2026, its largest moves.
  • Over 5 years, Operating Expenses stood at $34.5 million in 2022, then climbed by 14.19% to $39.4 million in 2023, then rose by 10.54% to $43.5 million in 2024, then increased by 14.7% to $49.9 million in 2025, then increased by 2.92% to $51.4 million in 2026.
  • The last three Operating Expenses figures came in at $51.4 million (Q2 2026), $49.2 million (Q1 2026), and $49.9 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ecolab 78.30 Bn 73.20 Bn 1.95 Bn 1.19 Bn
2 Xylem 24.67 Bn 23.64 Bn 963.00 Mn 573.00 Mn
3 Veralto 23.52 Bn 21.40 Bn 902.00 Mn 587.00 Mn
4 Badger Meter 3.84 Bn 3.74 Bn 90.77 Mn 51.40 Mn
5 NWPX Infrastructure 1.04 Bn 1.02 Bn 34.36 Mn 13.21 Mn
6 Energy Recovery 390.46 Mn 297.41 Mn 8.96 Mn 14.84 Mn
7 Cadiz 350.11 Mn 344.79 Mn -24,000.00 9.81 Mn
8 AirJoule Technologies 335.20 Mn 293.78 Mn - 5.04 Mn
9 Euro Tech Holdings 12.29 Mn -11.86 Mn - -
10 Rain Enhancement Technologies Holdco 8.79 Mn 8.79 Mn - 104,545.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 51.40 Mn
Mar 31, 2026 49.16 Mn
Dec 31, 2025 49.94 Mn
Sep 30, 2025 49.75 Mn
Jun 30, 2025 52.95 Mn
Mar 31, 2025 46.01 Mn
Dec 31, 2024 43.54 Mn
Sep 30, 2024 43.26 Mn
Jun 30, 2024 43.86 Mn
Mar 31, 2024 40.60 Mn
Dec 31, 2023 39.39 Mn
Sep 30, 2023 41.30 Mn
Jun 30, 2023 39.93 Mn
Mar 31, 2023 37.77 Mn
Dec 31, 2022 34.49 Mn
Sep 30, 2022 33.65 Mn
Jun 30, 2022 32.67 Mn
Mar 31, 2022 31.86 Mn
Dec 31, 2021 31.98 Mn
Sep 30, 2021 31.74 Mn