Badger Meter (BMI) Shares Outstanding (Entity) (2009 - 2026)
Badger Meter's Shares Outstanding (Entity) was 28.56 million in Q3 2026, down 3.1% from 29.47 million a year earlier and down 1.5% from the prior quarter.
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Analysis
Badger Meter (BMI) Shares Outstanding (Entity) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Entity) at Badger Meter came in at 29.4 million, up 0.1% from FY2024.
- Shares Outstanding (Entity) has now increased for six consecutive years, with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Entity) was 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 Q3 2026 figure marks the lowest quarterly Shares Outstanding (Entity) in data going back to Q2 2010.
- Compared with a year earlier, Shares Outstanding (Entity) has declined for three straight quarters, with an average decline of 0.6% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Entity) over five years was Q2 2024 (growth of 0.3%); the worst was Q3 2026 (a decline of 3.1%).
- Per Business Quant data, BMI's Shares Outstanding (Entity) in the three quarters before Q3 2026 was 28.99 million (Q2 2026), 29.19 million (Q1 2026) and 29.4 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 86.73 Bn | 79.74 Bn | 2.07 Bn | 280.50 Mn |
| 2 | Veralto | 28.77 Bn | 21.41 Bn | 908.00 Mn | 243.40 Mn |
| 3 | Xylem | 21.59 Bn | 17.56 Bn | 907.00 Mn | 229.33 Mn |
| 4 | Badger Meter | 4.42 Bn | 3.83 Bn | 98.85 Mn | 28.56 Mn |
| 5 | Ceco Environmental | 3.20 Bn | 2.99 Bn | 130.10 Mn | 58.63 Mn |
| 6 | NWPX Infrastructure | 866.95 Mn | 825.03 Mn | 38.19 Mn | 9.63 Mn |
| 7 | Energy Recovery | 370.21 Mn | 32.65 Mn | 4.20 Mn | 50.92 Mn |
| 8 | Cadiz | 265.95 Mn | 231.07 Mn | -24,000.00 | 84.16 Mn |
| 9 | AirJoule Technologies | 157.70 Mn | 37.32 Mn | - | 73.35 Mn |
| 10 | LanzaTech Global | 50.39 Mn | -47.24 Mn | 1.91 Mn | 13.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.56 Mn |
| Jun 30, 2026 | 28.99 Mn |
| Mar 31, 2026 | 29.19 Mn |
| Dec 31, 2025 | 29.40 Mn |
| Sep 30, 2025 | 29.47 Mn |
| Jun 30, 2025 | 29.47 Mn |
| Mar 31, 2025 | 29.45 Mn |
| Dec 31, 2024 | 29.36 Mn |
| Sep 30, 2024 | 29.41 Mn |
| Jun 30, 2024 | 29.41 Mn |
| Mar 31, 2024 | 29.39 Mn |
| Dec 31, 2023 | 29.28 Mn |
| Sep 30, 2023 | 29.35 Mn |
| Jun 30, 2023 | 29.32 Mn |
| Mar 31, 2023 | 29.31 Mn |
| Dec 31, 2022 | 29.22 Mn |
| Sep 30, 2022 | 29.27 Mn |
| Jun 30, 2022 | 29.27 Mn |
| Mar 31, 2022 | 29.27 Mn |
| Dec 31, 2021 | 29.14 Mn |
API Access
Badger Meter Shares Outstanding (Entity) 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-entity&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();