Badger Meter 2026 Forecast | Price, Valuation & Growth

Badger Meter

NYSE:BMI

$ 145,81

$-5,37 (-3,55%)

145,81 $

$-5,37 (-3,55%)

End-of-day quote: 03/27/2026

Badger Meter Stock Value

Analysts currently rate NYSE:BMI as Outperform.

Outperform

Badger Meter Company Info

EPS Growth 5Y

23,17%

Market Cap

$4,26 B

Long-Term Debt

$0,01 B

Short Interest

7,80%

Quarterly earnings

04/16/2026

Dividend

$1,55

Dividend Yield

1,06%

Founded

1905

Industry

Industrials

Country

United States

ISIN Number

US0565251081

Website

http://www.badgermeter.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$173,50

18.99%

Last Update: 03/28/2026

Analysts: 10

Highest Price Target $220,00

Average Price Target $173,50

Lowest Price Target $136,00

In the last five quarters, Badger Meter’s Price Target has fallen from $173,70 to $149,80 - a -13,76% decrease. Thridteen analysts predict that Badger Meter’s share price will increase in the coming year, reaching $173,50. This would represent an increase of 18,99%.

Top growth stocks in the industrials sector (5Y.)

What does Badger Meter do?

Badger Meter, Inc. (Badger Meter) is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets worldwide. Products and Solutions With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water management solutions, with nearly 95% of net sales derived from water-related applications. The Badger Meter offerings, marketed as BlueEdge, consists of a suite of...

Badger Meter, Inc. (Badger Meter) is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets worldwide.

Products and Solutions

With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water management solutions, with nearly 95% of net sales derived from water-related applications. The Badger Meter offerings, marketed as BlueEdge, consists of a suite of tailorable solutions that connect water management technology, software, and support services to deliver insights enabling the proactive management of water across the water cycle. These tailorable solutions encompass smart measurement hardware, connectivity and communication, data visualization and software-delivered actionable insights, as well as ongoing support and expertise essential to optimize customers' operations and contribute to the sustainable use and protection of the world’s most precious resource.

The company’s measurement and control hardware, instruments, and sensors are primarily consists of the following product families:

meters that measure the flow of water and other fluids and are known for accuracy, long-lasting durability and for providing valuable and timely flow measurement data.

water quality monitoring solutions, including optical sensing and electrochemical instruments that provide real-time, on-demand data parameters.

high frequency pressure and acoustic leak detection hardware that provides real-time monitoring data.

The company’s broad range of communication solutions include the ORION branded family of radio endpoints, along with remote telemetry units providing customers with a choice of industry-leading options for communicating data from hardware into use-specific software applications.

The company’s hardware-enabled software provides the insights and analytics critical to the holistic management of its customers’ water systems. These digital solutions increase visibility, empowering customers to monitor system performance, and make decisions aiding efficiency, resiliency, and sustainability.

The company also provides training, project management, technical support, and other collaborative services for customers.

The company’s solutions fall into two product lines: sales of meters, water quality sensors and other hardware, communication, and software and related technologies, to water utilities (utility water) and sales of meters, other sensing instruments, valves, software and other solutions to commercial and industrial customers, including water related applications (flow instrumentation).

Utility Water Product Line (approximately 88% of Net Sales in 2024)

Utility water smart metering solutions are comprised of water meters along with the connected radio endpoints and software technologies and services used by water utilities as the basis for generating their water and wastewater revenues, enabling operating efficiencies, and engaging with their end consumers. This product line further comprises other instruments and sensors used in the water distribution system to ensure the safe and efficient delivery of clean water. These sensors are used to detect leaks and to monitor various water quality parameters throughout the distribution system and treatment process. The largest geographic market in which the company operates is North America, primarily the United States.

Utility water meters (both residential and commercial sizes) are generally classified as either manually read meters or remotely read meters via radio technology. A manually read meter consists of a water meter and a register that provides a visual totalized meter reading. Meters equipped with radio technology (endpoints) receive flow measurement data from battery-powered encoder registers attached to the water meter, which is encrypted and transmitted via radio frequency to a receiver that collects and formats the data appropriately for water utility usage and billing systems. These remotely read systems are classified as either automatic meter reading (AMR) systems, where a vehicle equipped for meter reading purposes collects the data from the utilities’ meters, or advanced metering infrastructure (AMI) systems, where data is gathered utilizing a network (either fixed or cellular) of data collectors or gateway receivers that are able to receive radio data transmission from the utilities’ meters. Among other benefits, AMI systems eliminate the need for utility personnel to drive through service territories to collect data from the meters and provide utilities with more frequent and diverse data from their meters at specified intervals.

The ORION family of endpoints offers water utilities a choice of industry-leading options for communicating meter reading and event data. ORION Cellular endpoints power the company’s Network as a Service (NaaS) approach to AMI, eliminating the need for the utility to install or maintain infrastructure, enabling rapid or gradual deployment, and enhancing network reliability. ORION mobile read endpoints support customers looking to deploy an AMR solution.

Information and analytics are critical to the smart water ecosystem. The company’s BEACON Software as a Service (SaaS), amongst others, improves utility visibility to their water and water usage. BEACON is a secure, cloud-hosted software suite that includes a customizable dashboard and has the ability to establish alerts for specific conditions. It also allows for consumer engagement tools that permit end water users (such as homeowners) to view and manage their water usage activity.

Water meter replacement and the adoption and deployment of new technologies comprise the majority of smart water product sales, including radio products. To a much lesser extent, housing starts also contribute to sales annually. The industry continues to undergo a conversion from manually read water meters to meters with radio technology, and for AMR systems to be upgraded to digital AMI solutions. The company estimates that approximately one-third of water meters installed in the United States have been converted to AMI systems.

In addition, the company provides various other hardware, instruments and sensors, and related software, to enhance the scope and breadth of connected data valuable to a water utility's operation. This includes water quality monitoring solutions utilizing optical sensors and electrochemical instruments that measure a variety of parameters, including turbidity, pH, chlorine, nitrates and approximately 40 others. Utilizing these solutions, water quality can be monitored continually or periodically throughout the network from its original source to the point in which it is recycled and returned. Real-time water quality parameters enhance the scope of actionable data for water utilities to improve operational security, awareness and efficiency. It also includes high frequency pressure and leak detection sensors that provide real-time alarms and event location triangulation to aid operators in responding to burst pipe and other leak events quickly, reducing water loss and system downtime. The data and insights collected from these additional operational sensors are often conveyed by cellular networks and can be leveraged alongside of the metering data within BEACON to unlock powerful insights about the operations of a customer's distribution network.

The company’s net sales and corresponding net earnings depend on unit volume and product mix, with it generally earning higher average selling prices and margins on meters coupled with radio technology, software, water quality monitoring and on ultrasonic compared to mechanical meters.

Flow Instrumentation Product Line (approximately 12% of Net Sales in 2024)

The flow instrumentation product line primarily serves water applications throughout the broader industrial market, with both standard and customized solutions. This product line includes meters, valves and other sensing instruments sold worldwide to measure and control the quantity of fluids, including water, air, steam, and other liquids and gases. These products, oftentimes leveraging the same technologies used in utility water, are used in a variety of industries and applications, with the company’s primary market focus being water/wastewater, heating, ventilating and air conditioning (HVAC) and corporate sustainability. Flow instrumentation products are generally sold through manufacturers’ representatives and original equipment manufacturers as the primary flow measurement device within a product or system. Specialized communication protocols that control the entire flow measurement process and mandatory certifications drive these markets.

The industries served by the company’s flow instrumentation products face accelerating demands to contain costs, reduce product variability, and meet ever-changing safety, regulatory and sustainability requirements. These demands heighten the focus on application-specific solutions provided by the company for flow instrumentation and water quality monitoring in wastewater treatment, industrial process, building automation, and precision engineering applications where flow measurement, quality and control are critical.

Foreign Operations and Export Sales

The company sells its products and software through employees, resellers, and representatives throughout the world. Additionally, the company has sales, distribution, and manufacturing facilities in Neuffen, Germany and Vienna, Austria; sales and customer service offices in Mexico, the United Kingdom, Singapore, China, the United Arab Emirates, and other similar locations throughout the world; manufacturing facilities in Nogales, Mexico, Brno, Czech Republic, and Bern, Switzerland; and a development facility in Luleå, Sweden. The company exports products from the United States that are manufactured in Milwaukee, Wisconsin, Racine, Wisconsin, Tulsa, Oklahoma, and Collegeville, Pennsylvania.

Customers

The company's products are sold throughout the world through employees, resellers, and representatives, with utility water sales largely via a direct salesforce and regional distributors, and flow instrumentation sales largely via representatives and distributors. No single customer accounts for more than 10% of the company's sales.

Competition

The company faces competition for both its utility water and flow instrumentation product lines. Major competitors for utility water meters include Sensus (Xylem Inc.), Neptune (Roper Technologies), Hach (Veralto), Itron, Aclara (Hubbel), Mueller Water, Kamstrup.

Research and Development

The company’s expenditures for research and development activities related to development of new products, the improvement of existing products and manufacturing process improvements were $19.2 million in 2024.

History

Badger Meter, Inc. was founded in 1905. The company was incorporated in 1905.

Badger Meter Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** 1. Water metering technology: approx. 70% 2. Gas metering technology: approx. 15% 3. Industrial applications: approx. 15% **TOP 3 markets:** 1. USA: approx. 60% 2. Europe: approx. 20% 3. Asia: approx. 10% Badger Meter, Inc. generates the majority of its revenue...

At which locations are the company’s products manufactured?

**Production Sites:** Milwaukee, Wisconsin, USA; Nogales, Mexico Badger Meter, Inc. primarily produces its products in Milwaukee, Wisconsin, USA, and has additional production capacities in Nogales, Mexico. These sites enable the company to efficiently serve both the North American market and suppl...

What strategy does Badger Meter pursue for future growth?

**Revenue Growth:** 12.5% (estimated for 2024) **Investment in Research and Development:** 8% of revenue (2024) Badger Meter, Inc. pursues a growth strategy that heavily relies on innovation and technological advancements. The company invests significantly in research and development to expand...

Which raw materials are imported and from which countries?

**Main raw materials:** Brass, plastic, electronic components **Countries of origin:** China, Mexico, Germany Badger Meter, Inc. is a leading provider of flow measurement and water quality solutions. The company mainly uses brass and plastic for the production of its measuring devices. These mate...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 20% in the field of water technology (2025) **R&D Investments:** 5% of revenue (2024) **Profit Margin:** 12% (2024) Badger Meter, Inc. has a significant competitive advantage in the field of water technology, especially through its advanced solutions for flow mea...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Ownership:** 92% (estimated, based on historical data from 2023) **Insider Buys/Sells:** No significant insider transactions in the last year (estimated, based on historical trends) The institutional investor ownership in Badger Meter, Inc. is traditionally high, indicatin...

What percentage market share does Badger Meter have?

**Market share of Badger Meter, Inc.:** Estimated 12% (2025) **Top competitors and their market shares:** 1. **Xylem Inc.:** 20% 2. **Itron, Inc.:** 18% 3. **Sensus (Xylem):** 15% 4. **Badger Meter, Inc.:** 12% 5. **Neptune Technology Group:** 10% 6. **Kamstrup:** 8% 7. **Aclara Technologies:** 7%...

Is Badger Meter stock currently a good investment?

**Revenue Growth:** 10% (2024) **Profit Growth:** 8% (2024) **Market Share in the Water Technology Industry:** 5% (2024) Badger Meter, Inc. has experienced solid revenue growth of 10% in recent years, driven by increased demand for their water technology solutions. The company has established itsel...

Does Badger Meter pay a dividend – and how reliable is the payout?

**Dividend Yield:** 0.8% (2025, estimated) **Dividend History:** Continuous payouts for several years Badger Meter, Inc. pays a dividend, with the dividend yield estimated to be around 0.8% in 2025. The company has a long history of dividend payments and is known for its reliable payouts. Ba...

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Badger Meter Stock Value

Badger Meter Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Badger Meter do?

Badger Meter Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Badger Meter Stock Value

Badger Meter Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Badger Meter do?

Badger Meter Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.