BMIBadger Meter, Inc.
$131.41-25% 1Y
$131.41
$113.0352 weeks$186.32
The financials
Badger Meter, Inc. by the numbers
Badger Meter, Inc. (BMI) reported revenue of $222M in Q2 2026 (quarter ended Jun 30, 2026), down 6.6% from the same quarter a year earlier. That came with a gross margin of 41% and net income of $30M (13% of revenue). For the full year FY2025, revenue was $917M (+11% year on year) and net income $142M. Its largest region in Q2 2026 was United States at $200M, 90% of the disclosed total, well ahead of Europe at 5.8%. The next results filing is expected around Oct 20, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $222M | $238M | −6.6% |
| Gross profit | $91M | $98M | −7.2% |
| Operating income | $39M | $45M | −12% |
| Net income | $30M | $35M | −14% |
| Diluted EPS | $1.02 | $1.17 | −13% |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $200M | 90% |
| Europe | $13M | 5.8% |
| Canada | $3.5M | 1.6% |
| Asia | $3.5M | 1.6% |
| Mexico | $824K | 0.4% |
| Middle East | $813K | 0.4% |
| Other Geographical Areas | $325K | 0.1% |
Business segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $222.3M (+9.9%)
Mexico grew +39% year on yearMiddle East -69% year on year
Segment Latestquarter on quarteryear on year
- United States$200.4M$200.4Mquarter on quarter +12%year on year -6.5%+12%-6.5%
- Europe$13.0M$13.0Mquarter on quarter +12%year on year +15%+12%+15%
- Canada$3.5M$3.5Mquarter on quarter +12%year on year -16%+12%-16%
- Asia$3.5M$3.5Mquarter on quarter -17%year on year -15%-17%-15%
- Mexico$824.0K$824.0Kquarter on quarter +2.9%year on year +39%+2.9%+39%
- Middle East$813.0K$813.0Kquarter on quarter -75%year on year -69%-75%-69%
- Other Geographical Areas$325.0K$325.0Kquarter on quarter -53%year on year -67%-53%-67%
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