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

Badger Meter has disclosed Operating Margin across 17 years of filings, most recently posting 17.39% for Q1 2026.

• In Q1 2026, Operating Margin fell 485.0% year-over-year to 17.39%; the TTM figure through Mar 2026 stood at 2.83% (down 1720.0% YoY), while the FY2025 annual figure was 4.32%, down 1479.0% from the prior year.
• Operating Margin rose to 17.39% in Q1 2026, from 45.65% in the prior quarter.
• Over the last five years, Operating Margin for BMI reached as high as 22.24% in Q1 2025 and fell as low as 45.65% in Q4 2025.
• The 5-year median for Operating Margin is 17.39% (2026), against an average of 13.97%.
• Annual changes were most pronounced in 2022 — Operating Margin surged 4424 bps — and 2025, when it tumbled 6477 bps.
• A 5-year view of Operating Margin shows it stood at 15.25% in 2022, then gained by 15 bps to 17.58% in 2023, then advanced by 9 bps to 19.12% in 2024, then tumbled by 339 bps to 45.65% in 2025, then soared by 138 bps to 17.39% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 17.39%, 45.65%, and 19.56% for Q1 2026, Q4 2025, and Q3 2025 respectively.