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 | 76.62 Bn | 71.48 Bn | 1.95 Bn | 1.19 Bn |
| 2 | Xylem | 25.39 Bn | 24.11 Bn | 963.00 Mn | 573.00 Mn |
| 3 | Veralto | 23.26 Bn | 21.14 Bn | 902.00 Mn | 587.00 Mn |
| 4 | Badger Meter | 3.70 Bn | 3.60 Bn | 90.77 Mn | 51.40 Mn |
| 5 | NWPX Infrastructure | 1.03 Bn | 1.01 Bn | 34.36 Mn | 13.21 Mn |
| 6 | Energy Recovery | 380.05 Mn | 287.00 Mn | 8.96 Mn | 14.84 Mn |
| 7 | Cadiz | 339.11 Mn | 333.79 Mn | -24,000.00 | 9.81 Mn |
| 8 | AirJoule Technologies | 307.53 Mn | 266.11 Mn | - | 5.04 Mn |
| 9 | Euro Tech Holdings | 13.01 Mn | -11.70 Mn | - | - |
| 10 | Rain Enhancement Technologies Holdco | 5.89 Mn | 5.89 Mn | - | 104,545.00 |
Historic Data
Download Data
Historic 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 |