Badger Meter (BMI) Raw Materials (2010 - 2026)
Badger Meter (BMI) posted Raw Materials of $126.6 million for Q2 2026, up 41.9% from $89.23 million a year earlier and up 10.2% from the prior quarter.
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Analysis
Badger Meter (BMI) Raw Materials (2010 - 2026) Analysis & Trends
At the end of FY2025, Badger Meter's Raw Materials came in at $99.6 million, up 20.5% from FY2024.
- Annual Raw Materials has increased for five consecutive years, with a five-year compound annual growth rate of 20.1% (FY2020 to FY2025).
- In prior years, Badger Meter's Raw Materials was $82.68 million in FY2024 (+6.5%), $77.65 million in FY2023 (+19.6%), $64.93 million in FY2022 (+32.9%) and $48.87 million in FY2021 (+22.6%).
- The Q2 2026 figure stands as the highest quarterly Raw Materials in data going back to Q4 2010.
- On a year-over-year basis, Raw Materials has increased in each of the last 22 quarters, with growth averaging 17.3% over the last eight quarters.
- Across the past five years, year-over-year growth in Raw Materials ran from 6.5% in Q4 2024 to 41.9% in Q2 2026.
- According to Business Quant data, Raw Materials for the three prior quarters was $114.93 million (Q1 2026), $99.6 million (Q4 2025) and $96.16 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 77.03 Bn | 68.81 Bn | 1.95 Bn |
| 2 | Xylem | 23.64 Bn | 19.13 Bn | 963.00 Mn |
| 3 | Veralto | 23.04 Bn | 15.69 Bn | 902.00 Mn |
| 4 | Badger Meter | 3.58 Bn | 2.86 Bn | 90.77 Mn |
| 5 | Ceco Environmental | 3.02 Bn | 2.85 Bn | 86.47 Mn |
| 6 | NWPX Infrastructure | 993.21 Mn | 954.68 Mn | 34.36 Mn |
| 7 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn |
| 8 | Cadiz | 329.91 Mn | 298.36 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 286.05 Mn | 165.68 Mn | - |
| 10 | LanzaTech Global | 74.74 Mn | -40.40 Mn | 1.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 126.60 Mn |
| Mar 31, 2026 | 114.93 Mn |
| Dec 31, 2025 | 99.60 Mn |
| Sep 30, 2025 | 96.16 Mn |
| Jun 30, 2025 | 89.23 Mn |
| Mar 31, 2025 | 87.97 Mn |
| Dec 31, 2024 | 82.68 Mn |
| Sep 30, 2024 | 83.78 Mn |
| Jun 30, 2024 | 83.08 Mn |
| Mar 31, 2024 | 81.85 Mn |
| Dec 31, 2023 | 77.65 Mn |
| Sep 30, 2023 | 76.94 Mn |
| Jun 30, 2023 | 77.97 Mn |
| Mar 31, 2023 | 76.00 Mn |
| Dec 31, 2022 | 64.93 Mn |
| Sep 30, 2022 | 63.86 Mn |
| Jun 30, 2022 | 66.07 Mn |
| Mar 31, 2022 | 55.14 Mn |
| Dec 31, 2021 | 48.87 Mn |
| Sep 30, 2021 | 52.12 Mn |
API Access
Badger Meter Raw Materials 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=raw-materials&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "raw-materials", "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=raw-materials&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();