Badger Meter, Inc. (BMI)
NYSEInformation TechnologyIndustrial - MachinerySnapshot 2026-09-04
$132.49-2.60%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyIndustrial - MachinerySnapshot 2026-09-04
QuarterlyIQ Insights · BMI
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 9.4% |
| Our one-year growth estimate | diamond | 8.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 0.5 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 63 industry peers
BMI — credit agreement
Dated 2026-06-11
Entry into a Material Definitive Agreement. On June 5, 2026, Badger Meter, Inc. (the “Company”) amended and extended its $150 million multi-currency revolving credit facility, with an extended maturity date of July 8, 2031 (the “Amended Facility”). As of the date hereof, no amounts were outstanding under the facility, either prior to or upon giving effect to the amendment and extension. Borrowings under the Amended Facility will bear interest at varying rates based on the Company’s then-curre…
Why it matters: Stable cash flow helps with spending and investing in growth.
Supportive ifCash flow from operations exceeds $30 million in Q3.
Worry ifCash flow from operations falls below $30 million in Q3.
Why it matters: A decline worse than 10% would signal ongoing project delays and weak demand trends.
Worry ifQ3 utility water sales decline greater than 10% year over year.
Less concerning ifUtility water sales drop less than 10% each year or stay the same.
Why it matters: Strong cash flow is key for funding growth and acquisitions. It shows the company's financial health.
Supportive ifCash flow from operations reported above $35 million for Q2 2026.
Worry ifCash flow from operations is under $35 million. This may mean there are money issues.
Why it matters: Stable margins show good cost management and help make more money.
Supportive ifGross profit margins improve above 40.8% in Q3.
Worry ifGross profit margins decline below 40.8% in Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$161 on $10,000 · ±1.6% | How much price usually moves either way. |
| Bad day | $323 loss on $10,000 · 3.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,934 loss on $10,000 · 39.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Better margins show improved cost control and pricing power. This matters for making more money long-term.
Supportive ifGross margin in Q2 2026 exceeds 41.7%, the margin reported in Q1 2026.
Worry ifGross margin in Q2 2026 falls below 41.7%.
Why it matters: The acquisition will help Badger Meter monitor sewer lines better. If it works well, the company could grow.
Supportive ifManagement says integration is successful. Revenue from UDlive will contribute in the next quarter.
Worry ifThere may be integration issues. Revenue from UDlive might not meet expectations.
Why it matters: A rise in operating margins shows better cost management. It also shows more efficiency.
Supportive ifOperating margin in Q2 2026 is over 17.4%. This is an improvement from Q1 2026.
Worry ifOperating margin in Q2 2026 is below 17.4%. This shows ongoing cost issues.
Why it matters: Higher revenue would help management's view for a stronger second half of 2026.
Supportive ifQ3 revenue shows a sequential increase from Q2's $222.3 million.
Worry ifQ3 revenue remains flat or declines compared to Q2.
Why it matters: A margin drop below 17% shows worse cost management and profit issues.
Worry ifOperating profit margin falls below 17% in Q3.
Less concerning ifOperating profit margin stays at or above 17% in Q3.
Why it matters: A significant decline would signal ongoing issues with demand and project timing. This could impact investor confidence in growth targets.
Worry ifQ2 2026 revenue reported below $181 million, which is more than a 10% decline from Q2 2025.
Less concerning ifQ2 2026 revenue is over $181 million. This shows stability or growth.
Why it matters: Stable order rates show demand is recovering. This can help revenue growth.
Supportive ifShort-cycle order rates are better than Q1 2026. This shows stronger demand.
Worry ifShort-cycle order rates fall more in Q2 2026. This shows ongoing demand weakness.
Why it matters: Management expects a strong pipeline of projects to launch in the second half. This could boost revenue growth.
Supportive ifManagement says awarded projects are moving into deployment. This will lead to revenue growth.
Worry ifNo new projects launch or delays continue, leading to stagnant revenue.
Why it matters: Revenue trends show if Badger Meter can recover from recent drops. Stable or growing revenue means recovery.
Supportive ifQ2 2026 revenue shows no decline compared to Q1 2026's $202.3 million.
Worry ifQ2 2026 revenue declines further from Q1 2026's $202.3 million.