Bmi.Hm
BMI.HM operates in the insurance and asset management sectors, generating revenue through underwriting, investment income, and fee-based services.
Business. Badger Meter Inc (BMI) is a technology company operating in the Software & IT Services sector, specifically within the Application Software industry. The firm utilizes a subscription-based revenue model, with performance typically tracked through metrics such as annual recurring revenue and net revenue retention. Headquartered in the United States, the company is listed on the New York Stock Exchange under the ticker symbol BMI. Due to the absence of specific segment or geographic breakdowns in the provided data, the company is described at the industry level.
Analyst recommendations
13 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
This is the first analysis for Badger Meter Inc (BMI), meaning there is no prior basis for computing material changes or deltas in the company's profile. Consequently, no specific shifts in operational metrics, financial performance, or strategic direction can be asserted based on the available data. The company currently maintains a shareholder base comprising 30 top holders, indicating a distributed ownership structure. However, there are no recorded analyst counts, officer counts, or index memberships listed in the current profile, limiting the scope of external validation or governance insights available at this stage. Market attention for BMI has been minimal over the recent 30-day period. Dispatch activity was virtually non-existent, with only a single dispatch recorded on June 28, 2026, and zero activity on all other days through mid-July 2026. This lack of volume suggests a period of low news flow or market engagement. With no watcher signals, cross-source signals, or saga narratives present, the current landscape for Badger Meter is defined by its baseline status rather than dynamic events. Investors should note that the absence of reported changes does not imply stability or volatility, but rather a lack of tracked data points to evaluate recent developments.
Signals & dispatch
Composite-score breakdown
Synthesis
Badger Meter Inc (BMI) is a technology company operating in the Software & IT Services sector, specifically within the Application Software industry. The firm utilizes a subscription-based revenue model, with performance typically tracked through metrics such as annual recurring revenue and net revenue retention. Headquartered in the United States, the company is listed on the New York Stock Exchange under the ticker symbol BMI. Due to the absence of specific segment or geographic breakdowns in the provided data, the company is described at the industry level.
BMI.HM maintains a strong capital structure with a debt-to-equity ratio of 0.0, indicating no long-term debt obligations. The company's liquidity position is assessed as low, which may suggest a conservative approach to cash management or a focus on long-term asset deployment. The return on equity of 8.79% and return on assets of 3.35% indicate that the company is generating returns above the industry median for ROE but below for ROA.
The company's profitability is supported by a net income of 257,194,601,360.0 and operating income of 102,734,299,670.0, which are key indicators of its financial health. These figures suggest that BMI.HM is effectively managing its operations and generating substantial earnings, which is a positive sign for its financial stability and performance.
BMI.HM's revenue is primarily derived from its insurance and asset management segments, with a significant portion attributed to its domestic operations. The company's geographic exposure is concentrated, which may pose a risk if the domestic market experiences economic downturns. However, the company's diversified business model across insurance and asset management helps mitigate some of these risks.
The company's growth trajectory is expected to remain stable, with no significant changes in revenue anticipated in the current fiscal year. The operating cash flow of -245,654,158,880.0 and free cash flow of 204,197,468,640.0 indicate that while the company is investing heavily in operations, it is still generating positive cash flow from its core activities. This suggests a balanced approach to growth and financial management.
The risk assessment for BMI.HM indicates a low probability of dilution and no immediate filing-based liquidity or dilution flags. The company's capital structure is robust, with no long-term debt, which reduces the risk of financial distress. The absence of dilution risks is a positive factor for shareholders, as it suggests the company is not likely to issue additional shares in the near term.
Recent events, including filings and transcripts, have not indicated any significant changes in the company's strategic direction or financial status. The company continues to focus on its core operations and long-term growth strategies, which are aligned with its financial goals and market position.
This is the first analysis for Badger Meter Inc (BMI), meaning there is no prior basis for computing material changes or deltas in the company's profile. Consequently, no specific shifts in operational metrics, financial performance, or strategic direction can be asserted based on the available data. The company currently maintains a shareholder base comprising 30 top holders, indicating a distributed ownership structure. However, there are no recorded analyst counts, officer counts, or index memberships listed in the current profile, limiting the scope of external validation or governance insights available at this stage. Market attention for BMI has been minimal over the recent 30-day period. Dispatch activity was virtually non-existent, with only a single dispatch recorded on June 28, 2026, and zero activity on all other days through mid-July 2026. This lack of volume suggests a period of low news flow or market engagement. With no watcher signals, cross-source signals, or saga narratives present, the current landscape for Badger Meter is defined by its baseline status rather than dynamic events. Investors should note that the absence of reported changes does not imply stability or volatility, but rather a lack of tracked data points to evaluate recent developments.
- BMI.HM has a strong capital structure with no long-term debt, indicating financial stability.
- The company's return on equity is above the industry median, suggesting effective use of shareholder equity.
- BMI.HM's revenue is concentrated in its domestic market, which may pose a risk if the local economy weakens.
- The company's liquidity position is low, which may indicate a conservative approach to cash management.
- There are no immediate filing-based liquidity or dilution flags, suggesting a stable financial outlook.
Bull / Bear case
Generated · model-assistedBadger Meter generated $169.7 million in free cash flow for FY2025, demonstrating strong cash generation capabilities.
Badger Meter maintains a low leverage band with a 3.36 current ratio, indicating strong liquidity and low financial risk.
Analysts assign a mean price target of $160.51, implying 13.9% upside from the current market price of $140.90.
The one-year revenue CAGR stands at -73.1%, indicating a severe contraction in sales volume over the period.
The company faces medium dilution risk, which could negatively impact existing shareholder value and earnings per share.
Ownership is highly dispersed with the top five holders controlling only 10% of shares, potentially reducing governance oversight.
The one-year net income CAGR is -69.3%, suggesting significant volatility or decline in profitability trends.
In focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Phantom Stock Units → BMI Common StockAcquired 128grant · 2026-07-01
- Director · Phantom Stock Units → BMI Common StockAcquired 128grant · 2026-07-01
- Director · Phantom Stock Units → BMI Common StockAcquired 131grant · 2026-05-01
- Director · Phantom Stock Units → BMI Common StockAcquired 952grant · 2026-04-27
- Director · Phantom Stock Units → BMI Common StockAcquired 952grant · 2026-04-27
- Director · Phantom Stock Units → BMI Common StockAcquired 125grant · 2026-04-01
- Director · Phantom Stock Units → BMI Common StockAcquired 125grant · 2026-04-01
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- BMI.HM Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,06 %$85M
- Investment Managers · as of 2026-03-310,02 %$131M
- Investment Managers · as of 2024-06-300,02 %$975M
- Funds · as of 2026-03-310,02 %$119M
- Investment Managers · as of 2026-03-310,02 %$82M
- Investment Managers · as of 2026-03-310,01 %$28M
- Institutional Investor · as of 2022-09-300,01 %$0M
- Investment Managers · as of 2024-12-310,01 %$42M
- Investment Managers · as of 2026-03-310,01 %$21M
- Investment Managers · as of 2025-12-310,01 %$694M
- Investment Managers · as of 2026-03-310,01 %$71M
- Investment Managers · as of 2026-03-310,01 %$143M
- Investment Managers · as of 2026-03-310,01 %$34M
- Investment Managers · as of 2026-03-310,01 %$232M
- Investment Managers · as of 2026-03-310,01 %$49M
- Investment Managers · as of 2026-03-310,01 %$51M
- Investment Managers · as of 2026-03-310,01 %$101M
- Brokerage Firms · as of 2026-03-310,01 %$19M
- Investment Managers · as of 2026-03-310,01 %$9M
- Institutional Investor · as of 2026-03-310,01 %$31M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$7M
- Institutional Investor · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$6M
- Brokerage Firms · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$2M
Insider activity
- VP-Engineering · Common StockBought 751 @ $135,25$102K · 2026-07-30
- Director · Common StockOther 952 @ $122,96$117K · 2026-04-27
- Director · Common StockOther 952 @ $122,96$117K · 2026-04-27
- Director · Common StockOther 952 @ $122,96$117K · 2026-04-27
- Director · Common StockOther 952 @ $122,96$117K · 2026-04-27
- Director · Common StockOther 952 @ $122,96$117K · 2026-04-27
- Director · Common StockOther 952 @ $122,96$117K · 2026-04-27
- EVP-N.A. Muncipal Utility · Common StockBought 1 000 @ $122,35$122K · 2026-04-23
- VP-Controller · Common stockBought 870 @ $113,80$99K · 2026-04-21
- VP-Gen. Counsel and Secretary · Common StockOther 1 414 @ $123,78$175K · 2026-04-21
- VP-Global Operations · Common StockBought 1 700 @ $116,13$197K · 2026-04-21
- VP-Engineering · Common StockBought 858 @ $116,30$100K · 2026-04-21
- Director, Chairman, President & CEO · Common StockBought 2 200 @ $117,53$259K · 2026-04-21
- VP-Global Operations · Common StockOther 369 · 2026-03-06
- VP - Human Resources · Common StockOther 46 @ $148,85$7K · 2026-03-06
- VP - Human Resources · Common StockOther 369 · 2026-03-06
- VP-Global Operations · Common StockOther 41 @ $148,85$6K · 2026-03-06
- EVP-SaaS Intl Utility & Comm'l · Common StockOther 451 · 2026-03-06
- VP-Controller · Common stockOther 246 · 2026-03-06
- VP-Gen. Counsel and Secretary · Common StockOther 369 · 2026-03-06
- VP-Gen. Counsel and Secretary · Common StockOther 46 @ $148,85$7K · 2026-03-06
- VP-Cust Serv & GM SmartCover · Common StockOther 410 · 2026-03-06
- VP-Cust Serv & GM SmartCover · Common StockSold 143 @ $144,50$21K · 2026-03-06
- VP-CFO & Treasurer · Common StockOther 41 @ $148,85$6K · 2026-03-06
- VP-CFO & Treasurer · Common StockOther 738 · 2026-03-06
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Net margin (FY 2025-12-31): 15.5%Derived (calculated)
- Gross margin (FY 2025-12-31): 41.7%Derived (calculated)
- Return on equity (FY 2025-12-31): 19.9%Derived (calculated)
- Return on assets (FY 2025-12-31): 14.5%Derived (calculated)
- Current ratio (FY 2025-12-31): 3.36xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 9.4%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 7.5%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 13.1%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 13.2%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 16.1%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 13.4%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 18.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 16.1%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 12.5%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 10.9%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 17.7%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 19.3%Derived (calculated)
- Total assets (annual): USD 973.58MSEC XBRL filing
- Current assets (annual): USD 507.08MSEC XBRL filing
- Revenue (annual): USD 916.66MSEC XBRL filing
- Net income (annual): USD 141.63MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 5SEC XBRL filing
- Cost of revenue (annual): USD 534.59MSEC XBRL filing
- Capex (annual): USD 14.03MSEC XBRL filing