Badger Meter (BMI) Work In Process (2010 - 2026)
Badger Meter (BMI) reported Work In Process of $32.56 million for Q2 2026, down 2.9% from $33.53 million a year earlier and down 7.8% from the prior quarter.
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Analysis
Badger Meter (BMI) Work In Process (2010 - 2026) Analysis & Trends
At the end of FY2025, Badger Meter posted Work In Process of $29.24 million, down 20.3% from FY2024.
- Work In Process has a five-year compound annual growth rate of 11.7% (FY2020 to FY2025).
- By year, Work In Process came in at $36.71 million in FY2024 (-11.0%), $41.26 million in FY2023 (+75.0%), $23.58 million in FY2022 (-4.7%) and $24.75 million in FY2021 (+46.9%).
- Five-year quarterly Work In Process spans a low of $14.58 million in Q3 2021 and a high of $41.26 million in Q4 2023.
- Year over year, Work In Process has now declined in each of the last seven quarters, with an average decline of 9.7% over the last eight quarters.
- The high point for year-over-year Work In Process in five years was Q3 2022 (growth of 78.1%); the low point was Q3 2025 (a decline of 22.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.3 million (Q1 2026), $29.24 million (Q4 2025) and $30.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.56 Mn |
| Mar 31, 2026 | 35.30 Mn |
| Dec 31, 2025 | 29.24 Mn |
| Sep 30, 2025 | 30.29 Mn |
| Jun 30, 2025 | 33.53 Mn |
| Mar 31, 2025 | 38.29 Mn |
| Dec 31, 2024 | 36.71 Mn |
| Sep 30, 2024 | 39.01 Mn |
| Jun 30, 2024 | 39.32 Mn |
| Mar 31, 2024 | 41.18 Mn |
| Dec 31, 2023 | 41.26 Mn |
| Sep 30, 2023 | 35.94 Mn |
| Jun 30, 2023 | 35.57 Mn |
| Mar 31, 2023 | 27.92 Mn |
| Dec 31, 2022 | 23.58 Mn |
| Sep 30, 2022 | 25.97 Mn |
| Jun 30, 2022 | 24.27 Mn |
| Mar 31, 2022 | 22.13 Mn |
| Dec 31, 2021 | 24.75 Mn |
| Sep 30, 2021 | 14.58 Mn |
API Access
Badger Meter Work In Process 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=work-in-process&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "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=work-in-process&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();