Badger Meter (BMI) Tax Rate (2010 - 2026)
Badger Meter (BMI) reported Tax Rate of 24.77% for Q1 2026, up 38.0% year-over-year from 17.95% in Q1 2025, and up 4927.02% quarter-over-quarter from 0.49% in Q4 2025.
Badger Meter (BMI) Tax Rate (2010 - 2026) Analysis & Trends
Badger Meter (BMI) has 17 years of Tax Rate data on file, last reported at 24.77% in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.77%, up 38.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.82% (down 44669.0% YoY), and the FY2025 annual result was 19.18%, up 134482.0% from the prior year.
- Tax Rate advanced to 24.77% in Q1 2026 per BMI's latest filing, from 0.49% in the prior quarter.
- Over five years, Tax Rate peaked at 26.06% in Q3 2025 and troughed at 8.68% in Q4 2024.
- A 5-year average of 20.79% and a median of 24.27% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 3099 bps in 2024, then soared 917 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 23.43% in 2022, then decreased by 5 bps to 22.32% in 2023, then slumped by 139 bps to 8.68% in 2024, then soared by 106 bps to 0.49% in 2025, then soared by 4927 bps to 24.77% in 2026.
- Business Quant data shows BMI's Tax Rate at 24.77% in Q1 2026, 0.49% in Q4 2025, and 26.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 1.45% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | -41.92% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 14.27% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 18.62% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 17.65% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 16.63% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 24.68% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 16.28% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 23.50% |
| 10 | Badger Meter | 3.81 Bn | 3.60 Bn | 84.33 Mn | 24.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.77% |
| Mar 31, 2026 | 24.77% |
| Dec 31, 2025 | 0.49% |
| Dec 31, 2025 | 0.49% |
| Sep 30, 2025 | 26.06% |
| Sep 30, 2025 | 26.06% |
| Jun 30, 2025 | 24.47% |
| Jun 30, 2025 | 24.47% |
| Mar 31, 2025 | 24.39% |
| Mar 31, 2025 | 24.39% |
| Dec 31, 2024 | -8.68% |
| Dec 31, 2024 | -8.68% |
| Sep 30, 2024 | 25.34% |
| Sep 30, 2024 | 25.34% |
| Jun 30, 2024 | 23.77% |
| Jun 30, 2024 | 23.77% |
| Mar 31, 2024 | 23.52% |
| Mar 31, 2024 | 23.52% |
| Dec 31, 2023 | 22.32% |
| Dec 31, 2023 | 22.32% |