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.
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 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
| 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% |
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_KEY
import 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();