Badger Meter (BMI) Shares Outstanding (2010 - 2026)
Badger Meter (BMI) recorded Shares Outstanding of 29.04 million in Q2 2026, down 1.3% from 29.41 million a year earlier and down 0.6% from the prior quarter.
Powered by 
Analysis
Badger Meter (BMI) Shares Outstanding (2010 - 2026) Analysis & Trends
For FY2025, Badger Meter reported Shares Outstanding of 29.4 million, up 0.1% from FY2024.
- Annual Shares Outstanding has increased for 11 straight years, with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 29.36 million in FY2024 (+0.2%), 29.28 million in FY2023 (+0.2%), 29.22 million in FY2022 (+0.3%) and 29.14 million in FY2021 (+0.3%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding since Q4 2019.
- On a year-over-year basis, Shares Outstanding rose in six of the last eight quarters, with an average decline of 0.1%.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 0.4% in Q3 2021, against a decline of 1.3% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 29.21 million (Q1 2026), 29.4 million (Q4 2025) and 29.42 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.03 Bn | 68.81 Bn | 1.95 Bn | 280.70 Mn |
| 2 | Xylem | 23.64 Bn | 19.13 Bn | 963.00 Mn | 236.30 Mn |
| 3 | Veralto | 23.04 Bn | 15.69 Bn | 902.00 Mn | 245.20 Mn |
| 4 | Badger Meter | 3.58 Bn | 2.86 Bn | 90.77 Mn | 29.04 Mn |
| 5 | Ceco Environmental | 3.02 Bn | 2.85 Bn | 86.47 Mn | 43.31 Mn |
| 6 | NWPX Infrastructure | 993.21 Mn | 954.68 Mn | 34.36 Mn | 9.64 Mn |
| 7 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn | 51.46 Mn |
| 8 | Cadiz | 329.91 Mn | 298.36 Mn | -24,000.00 | 84.15 Mn |
| 9 | AirJoule Technologies | 286.05 Mn | 165.68 Mn | - | 69.74 Mn |
| 10 | LanzaTech Global | 74.74 Mn | -40.40 Mn | 1.91 Mn | 11.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.04 Mn |
| Mar 31, 2026 | 29.21 Mn |
| Dec 31, 2025 | 29.40 Mn |
| Sep 30, 2025 | 29.42 Mn |
| Jun 30, 2025 | 29.41 Mn |
| Mar 31, 2025 | 29.38 Mn |
| Dec 31, 2024 | 29.36 Mn |
| Sep 30, 2024 | 29.37 Mn |
| Jun 30, 2024 | 29.36 Mn |
| Mar 31, 2024 | 29.32 Mn |
| Dec 31, 2023 | 29.28 Mn |
| Sep 30, 2023 | 29.29 Mn |
| Jun 30, 2023 | 29.27 Mn |
| Mar 31, 2023 | 29.26 Mn |
| Dec 31, 2022 | 29.22 Mn |
| Sep 30, 2022 | 29.22 Mn |
| Jun 30, 2022 | 29.21 Mn |
| Mar 31, 2022 | 29.20 Mn |
| Dec 31, 2021 | 29.14 Mn |
| Sep 30, 2021 | 29.16 Mn |
API Access
Badger Meter Shares Outstanding 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=shares-outstanding&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();