Badger Meter, Inc. (BMI) Financials
Key financial figures for Badger Meter, Inc. (Q3 2026).
Badger Meter Q3 2026 sales were flat at $235.9M (prior year $235.7M) while operating margin widened to 20.2% and diluted EPS rose 4% to $1.24. Total sales of $235.9 million were essentially flat against $235.7 million a year earlier and up 6% sequentially from the second quarter; Base (non-GAAP, excluding the UDlive acquisition) sales were $230.3 million. Operating earnings rose 4% to $47.7 million, with operating margin of 20.2% versus 19.6% a year earlier; gross margin was 41.9% versus 40.7%. Diluted EPS was $1.24, up 4% from $1.19 in the third quarter of 2025; the effective tax rate was 25.1% versus 26.1%. On the outlook: No numeric guidance. For the fourth quarter of 2026 management anticipates both sequential and year-over-year Base revenue improvement, inclusive of the fewer operating days typical for the fourth quarter, and expects to sustain that growth momentum into 2027. Figures are for Q3 2026, as Badger Meter Inc. reported them.
- Revenue
- $236M
- Net Income
- $36M
- EPS
- $1.25
- Total Assets
- $944M
- Operating Cash Flow
- $43M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $236M | $36M | $1.24 | 20.23% | $40M |
| Q2 FY2026 | $222M | $30M | $1.02 | 17.71% | $22M |
| Q1 FY2026 | $202M | $27M | $0.93 | 17.39% | $29M |
| Q4 FY2025 | $221M | $34M | $1.14 | 19.51% | $51M |
| Q3 FY2025 | $236M | $35M | $1.19 | 19.56% | $48M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $917M | $142M | $4.79 | 20.01% | $170M |
| FY2024 | $827M | $125M | $4.23 | 19.11% | $142M |
| FY2023 | $704M | $93M | $3.14 | 16.78% | $98M |
Frequently asked questions
What was Badger Meter Inc.'s revenue last quarter?
Badger Meter Inc. reported revenue of $235.9 million for Q3 FY2026, up 0.1% from the same period a year earlier.
Is Badger Meter Inc. profitable?
Yes. Badger Meter Inc. reported net income of $35.9 million for Q3 FY2026, a net margin of 15.22% on revenue.
How has Badger Meter Inc.'s margin trended?
Operating margin was 20.23% in Q3 FY2026, compared with 19.56% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Badger Meter Inc. generate?
Badger Meter Inc. generated free cash flow of $40.3 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Badger Meter, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.