Badger Meter (BMI) Return on Capital Employed (2011 - 2026)
Badger Meter (BMI) posted quarterly Return on Capital Employed of 20.14% for Q2 2026, down 220.0% year-over-year from 16.79% in Q2 2025, and down 4.41% quarter-over-quarter from 21.07% in Q1 2026.
Badger Meter (BMI) Return on Capital Employed (2011 - 2026) Analysis & Trends
Badger Meter (BMI) has reported Return on Capital Employed for 16 consecutive years, with 20.14% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed fell 220.0% year-over-year to 20.14%; the TTM figure through Jun 2026 stood at 20.14% (down 220.0% YoY), while the FY2025 annual figure was 24.64%, changed N/A from the prior year.
- Return on Capital Employed retreated to 20.14% in Q2 2026 per BMI's latest filing, from 21.07% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 23.82% in Q1 2025 and bottomed at 17.75% in Q1 2022.
- Historically, Return on Capital Employed has averaged 20.99% across 5 years, with a median of 21.65% in 2025.
- Annual changes were most pronounced in 2022 — Return on Capital Employed plunged 2293 bps — and 2024, when it jumped 355 bps.
- Badger Meter's Return on Capital Employed stood at 18.25% in 2022, then rose by 9 bps to 19.87% in 2023, then grew by 15 bps to 22.84% in 2024, then declined by 3 bps to 22.23% in 2025, then slipped by 9 bps to 20.14% in 2026.
- Business Quant data shows BMI's Return on Capital Employed at 20.14% in Q2 2026, 21.07% in Q1 2026, and 22.23% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 23.26% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 12.34% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | -24.11% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 8.91% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 10.62% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 7.63% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 8.74% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 12.71% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 10.91% |
| 10 | Badger Meter | 3.84 Bn | 3.74 Bn | 90.77 Mn | 20.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.14% |
| Mar 31, 2026 | 21.07% |
| Dec 31, 2025 | 22.23% |
| Sep 30, 2025 | 22.34% |
| Jun 30, 2025 | 22.34% |
| Mar 31, 2025 | 23.82% |
| Dec 31, 2024 | 22.84% |
| Sep 30, 2024 | 22.75% |
| Jun 30, 2024 | 22.68% |
| Sep 30, 2023 | 19.87% |
| Jun 30, 2023 | 19.13% |
| Mar 31, 2023 | 18.61% |
| Dec 31, 2022 | 18.25% |
| Mar 31, 2022 | 17.75% |
| Jun 30, 2021 | 41.00% |
| Mar 31, 2021 | 40.68% |
| Dec 31, 2020 | 16.63% |
| Sep 30, 2020 | 16.81% |
| Jun 30, 2020 | 16.50% |
| Mar 31, 2020 | 17.44% |