Badger Meter (BMI) Operating Income (2010 - 2026)
Badger Meter (BMI) reported Operating Income of $39.38 million for Q2 2026, down 12.2% from $44.86 million a year earlier but up 12.0% from the prior quarter.
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Analysis
Badger Meter (BMI) Operating Income (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Badger Meter's Operating Income came in at $163.68 million, down 6.0% year-over-year; for FY2025, it came in at $183.42 million, up 16.1% from FY2024.
- Operating Income has increased for ten consecutive years, with a five-year compound annual growth rate of 23.0% (FY2020 to FY2025).
- By year, Operating Income came in at $157.94 million in FY2024 (+33.8%), $118.05 million in FY2023 (+35.2%), $87.3 million in FY2022 (+10.9%) and $78.72 million in FY2021 (+20.8%).
- Five-year quarterly Operating Income spans a low of $18.86 million in Q1 2022 and a high of $49.43 million in Q1 2025.
- Year over year, Operating Income gained in six of the last eight quarters, with growth averaging 9.6%.
- The high point for year-over-year Operating Income in five years was Q1 2024 (growth of 46.0%); the low point was Q1 2026 (a decline of 28.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.17 million (Q1 2026), $43.05 million (Q4 2025) and $46.08 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 757.90 Mn |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 390.00 Mn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 315.00 Mn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 39.38 Mn |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | -33.18 Mn |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 21.15 Mn |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | -5.88 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | -8.84 Mn |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | -4.11 Mn |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | -9.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.38 Mn |
| Mar 31, 2026 | 35.17 Mn |
| Dec 31, 2025 | 43.05 Mn |
| Sep 30, 2025 | 46.08 Mn |
| Jun 30, 2025 | 44.86 Mn |
| Mar 31, 2025 | 49.43 Mn |
| Dec 31, 2024 | 39.22 Mn |
| Sep 30, 2024 | 40.62 Mn |
| Jun 30, 2024 | 41.51 Mn |
| Mar 31, 2024 | 36.58 Mn |
| Dec 31, 2023 | 32.08 Mn |
| Sep 30, 2023 | 31.42 Mn |
| Jun 30, 2023 | 29.50 Mn |
| Mar 31, 2023 | 25.05 Mn |
| Dec 31, 2022 | 22.47 Mn |
| Sep 30, 2022 | 23.87 Mn |
| Jun 30, 2022 | 22.09 Mn |
| Mar 31, 2022 | 18.86 Mn |
| Dec 31, 2021 | 22.86 Mn |
| Sep 30, 2021 | 19.44 Mn |
API Access
Badger Meter Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "BMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();