Badger Meter (BMI) Return on Equity [ROE] (2011 - 2026)
Badger Meter (BMI) posted Return on Equity [ROE] of 18.97% for Q3 2026, down 1.14 percentage points from 20.11% a year earlier but up 0.66 percentage points from the prior quarter.
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Analysis
Badger Meter (BMI) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025, Badger Meter's Return on Equity [ROE] came in at 21.47%, down 0.79 percentage points from FY2024.
- Annual Return on Equity [ROE] shows a five-year change of +7.21 percentage points (FY2020 to FY2025).
- In prior years, Badger Meter's Return on Equity [ROE] was 22.26% in FY2024 (+2.94 pp), 19.31% in FY2023 (+3.58 pp), 15.73% in FY2022 (-0.20 pp) and 15.93% in FY2021 (+1.68 pp).
- Quarterly Return on Equity [ROE] has run from a low of 15.12% in Q1 2022 to a high of 21.51% in Q1 2025 over five years.
- On a year-over-year basis, Return on Equity [ROE] has declined in each of the last five quarters, with an average year-over-year change of -0.38 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q2 2024, with a gain of 3.97 percentage points; the weakest was Q1 2026, with a drop of 2.91 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 18.31% (Q2 2026), 18.60% (Q1 2026) and 20.01% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn | 20.43% |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn | 31.66% |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn | 10.35% |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn | 18.97% |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn | -2.35% |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn | 12.50% |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn | 3.05% |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 | -363.22% |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - | -34.62% |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn | -23.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.97% |
| Jun 30, 2026 | 18.31% |
| Mar 31, 2026 | 18.60% |
| Dec 31, 2025 | 20.01% |
| Sep 30, 2025 | 20.11% |
| Jun 30, 2025 | 20.58% |
| Mar 31, 2025 | 21.51% |
| Dec 31, 2024 | 20.87% |
| Sep 30, 2024 | 20.61% |
| Jun 30, 2024 | 20.55% |
| Mar 31, 2024 | 19.45% |
| Dec 31, 2023 | 18.35% |
| Sep 30, 2023 | 17.64% |
| Jun 30, 2023 | 16.58% |
| Mar 31, 2023 | 15.89% |
| Dec 31, 2022 | 15.37% |
| Sep 30, 2022 | 15.79% |
| Jun 30, 2022 | 15.53% |
| Mar 31, 2022 | 15.12% |
| Dec 31, 2021 | 15.32% |
API Access
Badger Meter Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();