Badger Meter (BMI) Tax Rate (2010 - 2026)
Badger Meter's (BMI) quarterly Tax Rate came in at 25.18% in 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.
Analysis
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.
- On a quarterly basis, Tax Rate rose 72.0% year-over-year to 25.18% in Q2 2026; TTM through Jun 2026 was 25.24%, a 40.0% increase from a year earlier, with the FY2025 full-year figure at 24.93%, up 42.0% from the prior year.
- Tax Rate was 25.18% for Q2 2026 at Badger Meter, up from 24.77% in the prior quarter.
- Over five years, Tax Rate peaked at 26.86% in Q4 2023 and troughed at 20.32% in Q3 2023.
- A 5-year average of 24.52% and a median of 24.62% in 2025 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 686 bps in 2022 and plunged 480 bps in 2023, its largest moves.
- Over 5 years, Tax Rate stood at 23.43% in 2022, then grew by 15 bps to 26.86% in 2023, then slipped by 6 bps to 25.24% in 2024, then slipped by 2 bps to 24.79% in 2025, then rose by 2 bps to 25.18% in 2026.
- The last three Tax Rate figures came in at 25.18% (Q2 2026), 24.77% (Q1 2026), and 24.79% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 75.73 Bn | 70.59 Bn | 1.95 Bn | 22.33% |
| 2 | Xylem | 25.05 Bn | 23.78 Bn | 963.00 Mn | 28.30% |
| 3 | Veralto | 22.80 Bn | 20.68 Bn | 902.00 Mn | 16.61% |
| 4 | Badger Meter | 3.58 Bn | 3.49 Bn | 90.77 Mn | 25.18% |
| 5 | NWPX Infrastructure | 995.41 Mn | 976.09 Mn | 34.36 Mn | 26.28% |
| 6 | Energy Recovery | 378.25 Mn | 285.20 Mn | 8.96 Mn | 37.07% |
| 7 | Cadiz | 332.80 Mn | 327.48 Mn | -24,000.00 | - |
| 8 | AirJoule Technologies | 296.03 Mn | 254.61 Mn | - | 25.50% |
| 9 | Euro Tech Holdings | 12.24 Mn | -12.47 Mn | - | - |
| 10 | Rain Enhancement Technologies Holdco | 5.86 Mn | 5.86 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.18% |
| Mar 31, 2026 | 24.77% |
| Dec 31, 2025 | 24.79% |
| Sep 30, 2025 | 26.06% |
| Jun 30, 2025 | 24.47% |
| Mar 31, 2025 | 24.39% |
| Dec 31, 2024 | 25.24% |
| Sep 30, 2024 | 25.34% |
| Jun 30, 2024 | 23.77% |
| Mar 31, 2024 | 23.52% |
| Dec 31, 2023 | 26.86% |
| Sep 30, 2023 | 20.32% |
| Jun 30, 2023 | 25.76% |
| Mar 31, 2023 | 24.27% |
| Dec 31, 2022 | 23.43% |
| Sep 30, 2022 | 25.11% |
| Jun 30, 2022 | 24.41% |
| Mar 31, 2022 | 23.69% |
| Dec 31, 2021 | 24.49% |
| Sep 30, 2021 | 18.26% |