Badger Meter (BMI) Tax Rate (2010 - 2026)
Badger Meter (BMI) posted quarterly Tax Rate of 25.18% for Q2 2026, up 72.0% year-over-year from 14.64% in Q2 2025, and up 1.66% quarter-over-quarter from 24.77% in Q1 2026.
Badger Meter (BMI) Tax Rate (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has reported Tax Rate for 17 consecutive years, with 25.18% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 72.0% year-over-year to 25.18%; the TTM figure through Jun 2026 stood at 25.24% (up 40.0% YoY), while the FY2025 annual figure was 24.93%, up 42.0% from the prior year.
- Tax Rate grew to 25.18% in Q2 2026 per BMI's latest filing, from 24.77% in the prior quarter.
- Across five years, Tax Rate topped out at 26.86% in Q4 2023 and bottomed at 20.32% in Q3 2023.
- Historically, Tax Rate has averaged 24.52% across 5 years, with a median of 24.62% in 2025.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 686 bps — and 2023, when it tumbled 480 bps.
- Badger Meter's Tax Rate stood at 23.43% in 2022, then rose by 15 bps to 26.86% in 2023, then declined by 6 bps to 25.24% in 2024, then declined by 2 bps to 24.79% in 2025, then advanced by 2 bps to 25.18% in 2026.
- Business Quant data shows BMI's Tax Rate at 25.18% in Q2 2026, 24.77% in Q1 2026, and 24.79% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.81 Bn | 54.15 Bn | 1.26 Bn | 16.76% |
| 2 | Keysight Technologies | 53.68 Bn | 51.27 Bn | 1.18 Bn | 16.51% |
| 3 | Coherent | 50.80 Bn | 48.82 Bn | 787.08 Mn | 15.19% |
| 4 | Teledyne Technologies | 29.22 Bn | 28.88 Bn | 738.10 Mn | 21.66% |
| 5 | Mks | 18.87 Bn | 18.26 Bn | 595.00 Mn | 17.84% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 12.37% |
| 7 | Trimble | 14.07 Bn | 13.86 Bn | 674.90 Mn | -6.05% |
| 8 | Cognex | 9.97 Bn | 9.57 Bn | 205.77 Mn | 18.53% |
| 9 | Esco Technologies | 7.38 Bn | 7.31 Bn | 141.52 Mn | 20.07% |
| 10 | Badger Meter | 3.83 Bn | 3.74 Bn | 90.77 Mn | 25.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.18% |
| Jun 30, 2026 | 25.18% |
| Jun 30, 2026 | 25.18% |
| Mar 31, 2026 | 24.77% |
| Mar 31, 2026 | 24.77% |
| Mar 31, 2026 | 24.77% |
| Dec 31, 2025 | 24.79% |
| Dec 31, 2025 | 24.79% |
| Dec 31, 2025 | 24.79% |
| Sep 30, 2025 | 26.06% |
| Sep 30, 2025 | 26.06% |
| Sep 30, 2025 | 26.06% |
| Jun 30, 2025 | 24.47% |
| Jun 30, 2025 | 24.47% |
| Jun 30, 2025 | 24.47% |
| Mar 31, 2025 | 24.39% |
| Mar 31, 2025 | 24.39% |
| Mar 31, 2025 | 24.39% |
| Dec 31, 2024 | 25.24% |
| Dec 31, 2024 | 25.24% |