Badger Meter (BMI) Operating Expenses (2010 - 2026)
Badger Meter (BMI) posted quarterly Operating Expenses of $51.4 million for 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.
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.
- In Q2 2026, Operating Expenses fell 2.93% year-over-year to $51.4 million; the TTM figure through Jun 2026 stood at $200.2 million (up 7.8% YoY), while the FY2025 annual figure was $198.6 million, up 16.0% from the prior year.
- Operating Expenses improved to $51.4 million in Q2 2026 per BMI's latest filing, from $49.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $52.9 million in Q2 2025 and bottomed at $31.9 million in Q1 2022.
- Historically, Operating Expenses has averaged $42.3 million across 5 years, with a median of $42.3 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses climbed 22.73% — and 2026, when it slipped 2.93%.
- Badger Meter's Operating Expenses stood at $34.5 million in 2022, then increased by 14.19% to $39.4 million in 2023, then advanced by 10.54% to $43.5 million in 2024, then gained by 14.7% to $49.9 million in 2025, then gained by 2.92% to $51.4 million in 2026.
- Business Quant data shows BMI's Operating Expenses at $51.4 million in Q2 2026, $49.2 million in Q1 2026, and $49.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Badger Meter | 3.74 Bn | 3.64 Bn | 90.77 Mn | 51.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |