Badger Meter (BMI) Tax Rate (2010 - 2026)
Badger Meter (BMI) recorded Tax Rate of 25.14% in Q3 2026, down 0.93 percentage points from 26.06% a year earlier and down 0.05 percentage points from the prior quarter.
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Analysis
Badger Meter (BMI) Tax Rate (2010 - 2026) Analysis & Trends
On a TTM basis, Badger Meter's Tax Rate came in at 24.98% as of Sep 30, 2026, down 0.47 percentage points year-over-year; for FY2025, it came in at 24.93%, down 0.03 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +0.86 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 24.96% in FY2024 (+0.88 pp), 24.08% in FY2023 (-0.11 pp), 24.19% in FY2022 (+1.63 pp) and 22.56% in FY2021 (-1.50 pp).
- Quarterly Tax Rate has ranged from 20.32% in Q3 2023 to 27.10% in Q4 2024 over the past five years.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +0.15 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 6.86 percentage points in Q3 2022, against a drop of 4.80 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.18% (Q2 2026), 24.77% (Q1 2026) and 24.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn | 20.17% |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn | 7.33% |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn | 21.10% |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn | 25.14% |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn | - |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn | 23.94% |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn | - |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - | - |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.14% |
| 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 | 27.10% |
| Sep 30, 2024 | 25.34% |
| Jun 30, 2024 | 23.77% |
| Mar 31, 2024 | 23.52% |
| Dec 31, 2023 | 26.08% |
| 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% |
API Access
Badger Meter Tax Rate 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=tax-rate&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();