BMI Badger Meter, Inc. Common Stock
NYSE · Electrical Equipment · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 23, 2026
$127.77
· of 52w range
· above low
· to high
$112.0952w low
$204.0052w high
Market Cap
$4.76B
P/E (TTM)
29.9
EPS (TTM)
$4.28
Revenue (TTM)
$881M
your badges
52W Range
$112–$204
Analyst Rating
BUY
Price Target
$157
P/E
29.9
ROE
18.5%
Net Profit Margin
14.3%
Your badge strip is empty — pin a metric anywhere on this page.
BMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$127.77
Market Cap
$4.76B
P/E (TTM)
29.9
EPS (TTM)
$4.28
Revenue (TTM)
$881M
Div Yield
0.91%
ROE (TTM)
18.5%
Debt/Equity
0.0
52W Range
$112–$204
BMI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 16, 2016 | 2-for-1 | Forward |
| June 16, 2006 | 2-for-1 | Forward |
| Dec. 13, 2004 | 2-for-1 | Forward |
| April 21, 1997 | 2-for-1 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$917M2017-12-31 → 2025-12-31
EPS$4.792017-12-31 → 2025-12-31
Free Cash Flow$170M2017-12-31 → 2025-12-31
Net margin14.3%2017-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | BMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 29.95Y avg ≈47.0 | ≈47.0 | 29.6 | Pricier | |
| P/S | 5.25Y avg ≈8.0 | ≈8.0 | 2.7 | Overvalued | |
| P/B | 6.75Y avg ≈10.5 | ≈10.5 | 3.8 | Overvalued | |
| EV / EBITDA | 24.75Y avg ≈44.7 | ≈44.7 | 13.9 | Overvalued | |
| Price / FCF | 28.05Y avg ≈50.9 | ≈50.9 | · | · | |
| Price / Cash Flow | 25.95Y avg ≈46.6 | ≈46.6 | 13.5 | Overvalued | |
| EV / Revenue | 4.95Y avg ≈7.7 | ≈7.7 | · | · | |
| EV / FCF | 26.75Y avg ≈49.2 | ≈49.2 | · | · | |
| Price / Tangible Book | 13.25Y avg ≈16.6 | ≈16.6 | · | · | |
| PEG Ratio | ≈1.3 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 41.3%5Y avg ≈40.1% | ≈40.1% | 42.7% | Weak | |
| Operating Margin (TTM) | 18.6%5Y avg ≈17.4% | ≈17.4% | 13.7% | Top tier | |
| EBITDA Margin | 20.0%5Y avg ≈17.4% | ≈17.4% | 18.6% | In line | |
| Pretax Margin (TTM) | 19.1%5Y avg ≈17.8% | ≈17.8% | 10.2% | Top tier | |
| Net Profit Margin (TTM) | 14.3%5Y avg ≈13.5% | ≈13.5% | 7.9% | Top tier | |
| ROA (TTM) | 13.0%5Y avg ≈14.0% | ≈14.0% | 5.9% | Top tier | |
| ROE (TTM) | 18.5%5Y avg ≈18.1% | ≈18.1% | 14.0% | Top tier | |
| ROIC | 19.3%5Y avg ≈17.3% | ≈17.3% | 8.9% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | BMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.05Y avg ≈0.0 | ≈0.0 | 0.4 | Low debt | |
| Current Ratio (MRQ) | 2.45Y avg ≈3.5 | ≈3.5 | 2.6 | In line | |
| Quick Ratio | 2.25Y avg ≈2.3 | ≈2.3 | 1.6 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | BMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 10.9%5Y avg ≈16.7% | ≈16.7% | · | · | |
| Revenue CAGR 3Y | 17.5%5Y avg ≈17.8% | ≈17.8% | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | |
| EPS YoY | 13.2%5Y avg ≈23.7% | ≈23.7% | · | · | |
| Net Income YoY | 13.4%5Y avg ≈24.0% | ≈24.0% | · | · | |
| EPS CAGR 3Y | 28.4%5Y avg ≈26.0% | ≈26.0% | · | · | |
| EPS CAGR 5Y | 23.2% | · | · | · | |
| Net Income CAGR 3Y | 28.7%5Y avg ≈26.4% | ≈26.4% | · | · | |
| Net Income CAGR 5Y | 23.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.05Y avg ≈1.0 | ≈1.0 | 0.6 | Top tier | |
| Inventory Turnover | 3.65Y avg ≈3.3 | ≈3.3 | 3.5 | In line | |
| Receivables Turnover | 9.35Y avg ≈8.8 | ≈8.8 | 5.9 | Top tier | |
| Revenue / Employee | ≈$370.1K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield0.91%
Payout Ratio30.7%
Annualized Payout≈$1.76
5Y Div CAGR≈16.2%
Growth Streak≈34
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 28, 2026 | $0.44 | USD | ≈1.2% |
| May 22, 2026 | $0.40 | USD | ≈1.3% |
| Feb 27, 2026 | $0.40 | USD | ≈1.0% |
| Nov 21, 2025 | $0.40 | USD | ≈0.83% |
| Aug 22, 2025 | $0.40 | USD | ≈0.75% |
| May 23, 2025 | $0.34 | USD | ≈0.56% |
| Feb 28, 2025 | $0.34 | USD | ≈0.61% |
| Nov 22, 2024 | $0.34 | USD | ≈0.55% |
| Aug 23, 2024 | $0.34 | USD | ≈0.57% |
| May 23, 2024 | $0.27 | USD | ≈0.54% |
| Feb 22, 2024 | $0.27 | USD | ≈0.66% |
| Nov 22, 2023 | $0.27 | USD | ≈0.67% |
| Aug 24, 2023 | $0.27 | USD | ≈0.59% |
| May 25, 2023 | $0.23 | USD | ≈0.66% |
| Feb 23, 2023 | $0.23 | USD | ≈0.74% |
| Nov 23, 2022 | $0.23 | USD | ≈0.73% |
| Aug 25, 2022 | $0.23 | USD | ≈0.83% |
| May 26, 2022 | $0.20 | USD | ≈1.0% |
| Feb 24, 2022 | $0.20 | USD | ≈0.79% |
| Nov 24, 2021 | $0.20 | USD | ≈0.71% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-1.6%
Next Report
Oct 15, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 16, 2026 | $1.02 | $1.02 | 0.45% |
| March 31, 2026 | $0.93 | $1.24 | -24.8% | |
| Dec. 31, 2025 | $1.14 | $1.18 | -3.0% | |
| Sept. 30, 2025 | $1.19 | $1.15 | 3.6% | |
| June 30, 2025 | $1.17 | $1.27 | -7.6% | |
| March 31, 2025 | $1.30 | $1.07 | 21.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $917M | $827M | $704M | $566M | $505M | $426M | $425M | $434M | $402M | $394M | $378M | $365M | |
| Cost of Revenue | $535M | $497M | $427M | $346M | $300M | $257M | $261M | $271M | $247M | $243M | $242M | $234M | |
| Gross Profit | $382M | $329M | $276M | $220M | $205M | $168M | $164M | $162M | $156M | $151M | $136M | $131M | |
| R&D Expense | $22M | $19M | $19M | $16M | $15M | $12M | $12M | $11M | $11M | $11M | $11M | $10M | |
| SG&A Expense | $199M | $171M | $158M | $133M | $127M | $103M | $101M | $105M | $99M | $98M | $93M | $85M | |
| Operating Income | $183M | $158M | $118M | $87M | $79M | $65M | $62M | $57M | $57M | $53M | $42M | $46M | |
| Pretax Income | $189M | $166M | $122M | $88M | $79M | $65M | $62M | $36M | $55M | $50M | $41M | $45M | |
| Income Tax | $47M | $42M | $29M | $21M | $18M | $16M | $14M | $8M | $20M | $18M | $15M | $15M | |
| Net Income | $142M | $125M | $93M | $66M | $61M | $49M | $47M | $28M | $35M | $32M | $26M | $30M | |
| EPS (Basic) | $4.82 | $4.26 | $3.16 | $2.28 | $2.09 | $1.70 | $1.63 | $0.96 | $1.20 | $1.12 | · | · | |
| EPS (Diluted) | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 | $1.69 | $1.61 | $0.95 | $1.19 | $1.11 | · | · | |
| Shares (Basic) | 29,398,000 | 29,356,000 | 29,284,000 | 29,218 | 29,144 | 29,052 | 29,028 | 28,993 | 28,927 | 28,887 | 28,759,000 | 28,613,000 | |
| Shares (Diluted) | 29,569,000 | 29,534,000 | 29,456,000 | 29,376 | 29,338 | 29,230 | 29,220 | 29,189 | 29,111 | 29,050 | 28,894,000 | 28,757,000 | |
| EBITDA | $183M | $158M | $118M | $87M | $79M | $65M | $62M | $57M | $56M | $51M | $42M | $46M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $226M | $295M | $192M | $138M | $87M | $72M | $49M | $13M | $11M | $7M | $8M | $7M | |
| Receivables | $112M | $84M | $84M | $77M | $66M | $62M | $61M | $66M | $58M | $60M | $57M | $54M | |
| Inventory | $152M | $143M | $154M | $120M | $100M | $82M | $82M | $81M | $85M | $78M | $79M | $72M | |
| Prepaid Expense | $17M | $17M | $13M | $13M | $9M | $8M | $8M | $4M | $4M | $6M | $6M | $5M | |
| Current Assets | $507M | $540M | $442M | $348M | $261M | $224M | $200M | $165M | $159M | $151M | $149M | $141M | |
| PP&E (Net) | $80M | $74M | $74M | $74M | $78M | $83M | $86M | $90M | $94M | $90M | $91M | $82M | |
| PP&E (Gross) | $248M | $233M | $226M | $221M | $217M | $217M | $210M | $214M | $212M | $201M | $194M | $177M | |
| Accum. Depreciation | $169M | $159M | $152M | $147M | $139M | $135M | $124M | $123M | $119M | $111M | $103M | $96M | |
| Goodwill | $236M | $112M | $113M | $101M | $104M | $89M | $71M | $71M | $67M | $49M | $48M | $48M | |
| Intangibles | $118M | $45M | $54M | $54M | $64M | $54M | $48M | $55M | $59M | $52M | $57M | $62M | |
| Other Non-current Assets | $19M | $13M | $11M | $14M | $15M | $17M | $16M | $9M | $10M | $7M | $8M | $8M | |
| Total Assets | $974M | $816M | $717M | $603M | $531M | $471M | $422M | $393M | $392M | $350M | $355M | $341M | |
| Accounts Payable | $72M | $56M | $82M | $71M | $42M | $35M | $32M | $22M | $29M | $18M | $19M | $16M | |
| Short-term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $4M | $18M | $45M | $38M | $71M | $76M | |
| Current Liabilities | $151M | $118M | $132M | $110M | $82M | $68M | $57M | $60M | $93M | $76M | $105M | $107M | |
| Deferred Tax | $3M | $4M | $5M | $5M | $5M | $6M | $876.0K | $3M | $3M | $2M | $774.0K | $6M | |
| Other Non-current Liabilities | $11M | $5M | $5M | $6M | $30M | $26M | $23M | $14M | $4M | $4M | $5M | $2M | |
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $4M | $18M | $45M | $38M | $71M | $76M | |
| Common Stock | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $41M | $21M | |
| Retained Earnings | $646M | $548M | $459M | $395M | $354M | $315M | $286M | $257M | $244M | $224M | $204M | $189M | |
| Treasury Stock | $52M | $37M | $37M | $37M | $37M | $37M | $34M | $29M | $25M | $21M | $31M | $31M | |
| AOCI | $6M | $-8M | $-2M | $-6M | $136.0K | $1M | $425.0K | $580.0K | $-11M | $-12M | $-13M | $-12M | |
| Stockholders' Equity | $713M | $606M | $516M | $442M | $403M | $361M | $331M | $304M | $277M | $256M | $232M | $214M | |
| Liabilities + Equity | $974M | $816M | $717M | $603M | $531M | $471M | $422M | $393M | $392M | $350M | $355M | $341M | |
| Shares Outstanding | 37,221,098 | 37,221,098 | 37,221,098 | 37,221,098 | 37,221,098 | 37,221,098 | 37,200,698 | 37,198,298 | · | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $9M | $6M | $5M | $3M | $2M | $1M | $1M | $4M | $2M | $2M | $2M | $1M | |
| Deferred Tax | $-854.0K | $-11M | $-10M | $-6M | $-3M | $-3M | $-2M | $-5M | $-4M | $710.0K | $-3M | $-1M | |
| Amort. of Intangibles | $15M | $9M | $9M | $9M | $10M | $7M | $7M | $8M | $7M | $6M | $6M | $6M | |
| Operating Cash Flow | $184M | $155M | $110M | $82M | $88M | $90M | $81M | $60M | $50M | $56M | $36M | $36M | |
| CapEx | $14M | $13M | $12M | $6M | $7M | $9M | $7M | $9M | $15M | $11M | $20M | $12M | |
| Investing Cash Flow | $-198M | $-16M | $-29M | $-6M | $-51M | $-38M | $-7M | $-17M | $-35M | $-12M | $-22M | $-33M | |
| Stock Repurchased | $15M | $0 | $0 | $427.0K | $460.0K | $3M | $5M | $5M | $4M | $0 | $0 | $0 | |
| Net Stock Activity | $-15M | $0 | · | $-427.0K | $-460.0K | $-3M | $-5M | $-5M | $-4M | · | · | $0 | |
| Dividends Paid | $44M | $36M | $29M | $25M | $22M | $20M | $19M | $16M | $14M | $12M | $11M | $11M | |
| Financing Cash Flow | $-58M | $-35M | $-28M | $-25M | $-21M | $-28M | $-38M | $-42M | $-10M | $-44M | $-13M | $-3M | |
| Net Change in Cash | $-69M | $104M | $54M | $51M | $15M | $23M | $36M | $2M | $4M | $-825.0K | $2M | $-607.0K | |
| Taxes Paid | $49M | $56M | $39M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $170M | $142M | $98M | $77M | $81M | $81M | $73M | $52M | $35M | $46M | $16M | $23M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.7% | 39.8% | 39.3% | 38.9% | 40.7% | 39.5% | 38.5% | 37.4% | 38.7% | 38.2% | 35.9% | 35.9% | |
| Operating Margin | 20.0% | 19.1% | 16.8% | 15.4% | 15.6% | 15.3% | 14.6% | 13.1% | 13.8% | 12.9% | 11.2% | 12.6% | |
| Net Margin | 15.4% | 15.1% | 13.2% | 11.8% | 12.0% | 11.6% | 11.1% | 6.4% | 8.6% | 8.2% | 6.9% | 8.1% | |
| Pretax Margin | 20.6% | 20.1% | 17.3% | 15.5% | 15.6% | 15.3% | 14.5% | 8.3% | 13.6% | 12.7% | 10.9% | 12.3% | |
| EBITDA Margin | 20.0% | 19.1% | 16.8% | 15.4% | 15.6% | 15.3% | 14.6% | 13.1% | 13.8% | 12.9% | 11.2% | 12.6% | |
| ROA | 15.8% | 16.3% | 14.0% | 11.7% | 12.2% | 11.1% | 11.6% | 7.0% | 9.3% | 9.2% | 7.4% | 9.0% | |
| ROE | 20.4% | 20.9% | 18.4% | 15.4% | 15.3% | 13.8% | 14.4% | 9.3% | 13.0% | 13.2% | 11.6% | 14.4% | |
| ROIC | 19.3% | 19.6% | 17.3% | 15.0% | 15.1% | 13.7% | 14.2% | 13.7% | 10.9% | 11.2% | 8.8% | 10.5% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.4 | 4.6 | 3.4 | 3.2 | 3.2 | 3.4 | 3.5 | 2.7 | 1.7 | 2.0 | 1.4 | 1.3 | |
| Quick Ratio | 2.2 | 3.2 | 2.1 | 1.9 | 1.9 | 2.1 | 1.9 | 1.3 | 0.7 | 0.9 | 0.6 | 0.6 | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.3 | 0.4 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | |
| Inventory Turnover | 3.6 | 3.3 | 3.1 | 3.1 | 3.3 | 3.1 | 3.2 | 3.3 | 3.0 | 3.1 | 3.2 | 3.5 | |
| Receivables Turnover | 9.3 | 9.8 | 8.8 | 7.9 | 7.9 | 6.9 | 6.7 | 6.7 | 6.8 | 6.8 | 6.8 | 7.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $19.16 | $16.29 | $13.88 | $11.89 | $10.83 | $9.71 | $8.90 | · | · | · | · | · | |
| Revenue / Share | $31.00 | $27986.66 | $23886.20 | $19252.72 | $17219.92 | $14558.47 | $14532.00 | $14859.43 | $13.82 | $13.55 | $26.14 | $25.37 | |
| Cash Flow / Share | $6.21 | $5249.34 | $3738.36 | $2806.75 | $2982.82 | $3064.59 | $2762.29 | $2067.56 | $1.71 | $1.93 | $2.48 | $2.49 | |
| Cash / Share | $6.07 | $7.93 | $5.15 | $3.71 | $2.34 | $1.94 | $1.31 | · | · | · | · | · | |
| Dividend Paid / Share | $1.48 | $1.22 | $0.99 | $0.85 | $0.76 | $0.70 | $0.64 | $0.56 | $0.49 | $0.43 | $0.39 | $0.37 | |
| EPS (TTM) | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 | $1.69 | $1.61 | $0.95 | $1.19 | $1.11 | $0.90 | $2.06 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.9% | 17.5% | 24.4% | 11.9% | 18.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.5% | 17.8% | 18.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.2% | 34.7% | 38.9% | 8.6% | 23.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 28.4% | 26.7% | 22.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 23.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 13.4% | 34.9% | 39.2% | 9.2% | 23.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 28.7% | 27.1% | 23.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 23.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 16.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $917M | $827M | $704M | $566M | $505M | $426M | $425M | $434M | $402M | $394M | $378M | $365M | |
| Net Income TTM | $142M | $125M | $93M | $66M | $61M | $49M | $47M | $28M | $35M | $32M | $26M | $30M | |
| Market Cap | $6.49B | $7.90B | $5.75B | $4.06B | $3.97B | $3.50B | $2.42B | · | · | · | · | · | |
| Enterprise Value | $6.27B | $7.60B | $5.55B | $3.92B | $3.88B | $3.43B | $2.37B | · | · | · | · | · | |
| P/E | 36.4 | 50.1 | 49.2 | 48.2 | 51.2 | 55.7 | 40.3 | 51.8 | 40.2 | 33.3 | 32.5 | 14.4 | |
| P/S | 7.1 | 9.6 | 8.2 | 7.2 | 7.9 | 8.2 | 5.7 | · | · | · | · | · | |
| P/B | 9.1 | 13.0 | 11.1 | 9.2 | 9.8 | 9.7 | 7.3 | · | · | · | · | · | |
| P / Tangible Book | 18.1 | 17.6 | 16.4 | 14.1 | 16.9 | 16.0 | · | · | · | · | · | · | |
| P / Cash Flow | 35.3 | 50.9 | 52.2 | 49.2 | 45.3 | 39.1 | 29.9 | · | · | · | · | · | |
| P / FCF | 38.3 | 55.5 | 58.6 | 53.0 | 49.1 | 43.5 | 33.0 | · | · | · | · | · | |
| EV / EBITDA | 34.2 | 48.1 | 47.0 | 44.9 | 49.3 | 52.6 | 38.2 | · | · | · | · | · | |
| EV / FCF | 36.9 | 53.4 | 56.6 | 51.2 | 48.0 | 42.6 | 32.4 | · | · | · | · | · | |
| EV / Revenue | 6.8 | 9.2 | 7.9 | 6.9 | 7.7 | 8.1 | 5.6 | · | · | · | · | · | |
| Dividend Yield | 0.67% | 0.45% | 0.51% | 0.61% | 0.56% | 0.58% | 0.77% | · | · | · | · | · | |
| Earnings Yield | 2.8% | 2.0% | 2.0% | 2.1% | 1.9% | 1.8% | 2.5% | 1.9% | 2.5% | 3.0% | 3.1% | 6.9% | |
| Payout Ratio | 30.7% | 28.7% | 31.4% | 37.4% | 36.4% | 41.2% | 39.4% | 58.5% | 41.1% | 38.6% | 43.4% | 35.8% | |
| Annual Payout | $44M | $36M | $29M | $25M | $22M | $20M | $19M | $16M | $14M | $12M | $11M | $11M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222M | $202M | $221M | $236M | $238M | $222M | $205M | $208M | $217M | $196M | $182M | $186M | $176M | $159M | $147M | $148M | |
| Cost of Revenue | $132M | $118M | $128M | $140M | $140M | $127M | $122M | $125M | $131M | $119M | $111M | $113M | $106M | $96M | $90M | $90M | |
| Gross Profit | $91M | $84M | $93M | $96M | $98M | $95M | $83M | $84M | $85M | $77M | $71M | $73M | $69M | $63M | $57M | $58M | |
| SG&A Expense | $51M | $49M | $50M | $50M | $53M | $46M | $44M | $43M | $44M | $41M | $39M | $41M | $40M | $38M | $34M | $34M | |
| Operating Income | $39M | $35M | $43M | $46M | $45M | $49M | $39M | $41M | $42M | $37M | $32M | $31M | $30M | $25M | $22M | $24M | |
| Pretax Income | $40M | $36M | $45M | $47M | $46M | $51M | $42M | $43M | $43M | $38M | $33M | $33M | $30M | $26M | $23M | $24M | |
| Income Tax | $10M | $9M | $11M | $12M | $11M | $12M | $11M | $11M | $10M | $9M | $9M | $7M | $8M | $6M | $5M | $6M | |
| Net Income | $30M | $27M | $34M | $35M | $35M | $38M | $31M | $32M | $33M | $29M | $25M | $26M | $22M | $19M | $18M | $18M | |
| EPS (Basic) | $1.02 | $0.94 | $1.14 | $1.19 | $1.18 | $1.31 | $1.05 | $1.09 | $1.13 | $0.99 | $0.84 | $0.89 | $0.77 | $0.66 | $0.61 | $0.61 | |
| EPS (Diluted) | $1.02 | $0.93 | $1.14 | $1.19 | $1.17 | $1.30 | $1.04 | $1.08 | $1.12 | $0.99 | $0.84 | $0.88 | $0.76 | $0.66 | $0.59 | $0.61 | |
| Shares (Basic) | 29,038,125 | 29,214,558 | · | 29,424,004 | 29,414,457 | 29,378,491 | · | 29,369,923 | 29,361,034 | 29,320,483 | · | 29,294,886 | 29,272,693 | 29,255,184 | · | 29,215,982 | |
| Shares (Diluted) | 29,141,991 | 29,365,170 | · | 29,583,384 | 29,585,340 | 29,564,797 | · | 29,547,928 | 29,528,938 | 29,494,488 | · | 29,473,374 | 29,447,525 | 29,420,954 | · | 29,372,464 | |
| EBITDA | $39M | $35M | · | $46M | $45M | $49M | · | $41M | $42M | $37M | · | $31M | $30M | $25M | · | $24M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $96M | $205M | $226M | $202M | $165M | $131M | $295M | $259M | $226M | $199M | · | $163M | $142M | $128M | · | $115M | |
| Receivables | $121M | $110M | $112M | $115M | $118M | $112M | $84M | $93M | $106M | $92M | · | $89M | $84M | $84M | · | $83M | |
| Inventory | $178M | $175M | $152M | $153M | $147M | $149M | $143M | $159M | $161M | $160M | · | $148M | $145M | $132M | · | $114M | |
| Prepaid Expense | $21M | $17M | $17M | $25M | $18M | $19M | $17M | $18M | $16M | $19M | · | $23M | $18M | $16M | · | $14M | |
| Current Assets | $416M | $508M | $507M | $495M | $448M | $412M | $540M | $529M | $509M | $471M | · | $423M | $389M | $361M | · | $326M | |
| PP&E (Net) | $83M | $81M | $80M | $78M | $78M | $76M | $74M | $73M | $72M | $73M | · | $74M | $75M | $75M | · | $72M | |
| PP&E (Gross) | $257M | $252M | $248M | $246M | $245M | $238M | $233M | $232M | $229M | $227M | · | $228M | $228M | $225M | · | $216M | |
| Accum. Depreciation | $173M | $171M | $169M | $168M | $167M | $162M | $159M | $158M | $157M | $154M | · | $154M | $153M | $150M | · | $144M | |
| Goodwill | $303M | $235M | $236M | $237M | $236M | $232M | $112M | $115M | $113M | $113M | · | $113M | $114M | $114M | · | $99M | |
| Intangibles | $163M | $114M | $118M | $122M | $126M | $131M | $45M | $49M | $50M | $52M | · | $55M | $58M | $60M | · | $54M | |
| Other Non-current Assets | $19M | $19M | $19M | $14M | $16M | $17M | $13M | $14M | $13M | $11M | · | $12M | $12M | $12M | · | $15M | |
| Total Assets | $998M | $971M | $974M | $978M | $936M | $900M | $816M | $803M | $781M | $743M | · | $690M | $659M | $633M | · | $574M | |
| Accounts Payable | $98M | $106M | $72M | $70M | $74M | $74M | $56M | $77M | $96M | $91M | · | $85M | $81M | $80M | · | $65M | |
| Short-term Debt | · | · | $0 | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $172M | $169M | $151M | $153M | $139M | $141M | $118M | $129M | $138M | $135M | · | $129M | $119M | $116M | · | $102M | |
| Deferred Tax | $17M | $3M | $3M | $24M | $24M | $24M | $4M | $5M | $5M | $5M | · | $6M | $7M | $7M | · | $5M | |
| Other Non-current Liabilities | $23M | $11M | $11M | $6M | $7M | $7M | $5M | $6M | $6M | $5M | · | $53M | $49M | $45M | · | $37M | |
| Common Stock | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | · | $37M | $37M | $37M | · | $37M | |
| Retained Earnings | $680M | $662M | $646M | $624M | $601M | $576M | $548M | $527M | $505M | $480M | · | $442M | $424M | $408M | · | $384M | |
| Treasury Stock | $114M | $89M | $52M | $36M | $36M | $36M | $37M | $37M | $37M | $37M | · | $37M | $37M | $37M | · | $37M | |
| AOCI | $265.0K | $4M | $6M | $5M | $6M | $-3M | $-8M | $-650.0K | $-5M | $-5M | · | $-7M | $-4M | $-4M | · | $-13M | |
| Stockholders' Equity | $683M | $690M | $713M | $703M | $678M | $642M | $606M | $591M | $563M | $536M | $516M | $493M | $476M | $458M | $442M | $423M | |
| Liabilities + Equity | $998M | $971M | $974M | $978M | $936M | $900M | $816M | $803M | $781M | $743M | · | $690M | $659M | $633M | · | $574M | |
| Shares Outstanding | · | · | 37,221,098 | · | · | · | 37,221,098 | · | · | · | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $2M | $3M | $2M | $3M | $2M | $2M | $1M | $2M | $1M | $1M | $1M | $2M | $1M | $978.0K | $704.0K | |
| Deferred Tax | · | · | · | · | · | · | $-11M | $0 | · | · | $-9M | $-25.0K | $-366.0K | $-10.0K | $-6M | $8.0K | |
| Operating Cash Flow | $27M | $34M | $55M | $51M | $45M | $33M | $52M | $45M | $36M | $21M | $38M | $31M | $23M | $18M | $30M | $24M | |
| CapEx | $5M | $4M | $4M | $3M | $4M | $3M | $5M | $3M | $2M | $3M | $2M | $3M | $3M | $4M | $1M | $2M | |
| Investing Cash Flow | $-99M | $-4M | $-4M | $-3M | $-3M | $-188M | $-5M | $-3M | $-2M | $-6M | $-2M | $-3M | $-3M | $-21M | $-1M | $-2M | |
| Stock Repurchased | $25M | $38M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | $0 | $0 | |
| Net Stock Activity | · | $-38M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $12M | $12M | $12M | $12M | $10M | $10M | $10M | $10M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | |
| Financing Cash Flow | $-37M | $-50M | $-27M | $-12M | $-10M | $-10M | $-10M | $-10M | $-7M | $-8M | $-8M | $-7M | $-7M | $-7M | $-6M | $-7M | |
| Net Change in Cash | $-110M | $-21M | $24M | $36M | $34M | $-164M | $36M | $33M | $27M | $8M | $29M | $21M | $13M | $-10M | $23M | $15M | |
| Free Cash Flow | · | $29M | · | · | · | $30M | · | · | · | $19M | · | · | · | $14M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8% | 41.7% | · | 40.7% | 41.1% | 43.0% | · | 40.2% | 39.4% | 39.3% | · | 39.1% | 39.5% | 39.5% | · | 38.9% | |
| Operating Margin | 17.7% | 17.4% | · | 19.6% | 18.8% | 22.2% | · | 19.5% | 19.2% | 18.6% | · | 16.9% | 16.8% | 15.7% | · | 16.1% | |
| Net Margin | 13.4% | 13.5% | · | 14.9% | 14.5% | 17.3% | · | 15.4% | 15.3% | 14.8% | · | 14.0% | 12.8% | 12.2% | · | 12.1% | |
| Pretax Margin | 17.9% | 18.0% | · | 20.1% | 19.2% | 22.9% | · | 20.6% | 20.0% | 19.4% | · | 17.5% | 17.2% | 16.1% | · | 16.2% | |
| EBITDA Margin | 17.7% | 17.4% | · | 19.6% | 18.8% | 22.2% | · | 19.5% | 19.2% | 18.6% | · | 16.9% | 16.8% | 15.7% | · | 16.1% | |
| ROA | 3.1% | 2.9% | · | 3.9% | 4.0% | 4.7% | · | 4.3% | 4.6% | 4.2% | · | 4.1% | 3.7% | 3.3% | · | 3.3% | |
| ROE | 4.4% | 4.1% | · | 5.4% | 5.6% | 6.5% | · | 5.9% | 6.4% | 5.9% | · | 5.7% | 5.0% | 4.5% | · | 4.4% | |
| ROIC | 4.3% | 3.8% | · | 4.9% | 5.0% | 5.8% | · | 5.1% | 5.6% | 5.2% | · | 5.1% | 4.6% | 4.1% | · | 4.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 3.0 | · | 3.2 | 3.2 | 2.9 | · | 4.1 | 3.7 | 3.5 | · | 3.3 | 3.3 | 3.1 | · | 3.2 | |
| Quick Ratio | 1.3 | 1.9 | · | 2.1 | 2.0 | 1.7 | · | 2.7 | 2.4 | 2.2 | · | 2.0 | 1.9 | 1.8 | · | 1.9 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| Inventory Turnover | 0.8 | 0.7 | · | 0.9 | 0.9 | 0.8 | · | 0.8 | 0.9 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | |
| Receivables Turnover | 1.9 | 1.8 | · | 2.3 | 2.1 | 2.2 | · | 2.3 | 2.3 | 2.2 | · | 2.2 | 2.2 | 2.0 | · | 1.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $7.63 | $6.89 | · | $7.97 | $8.05 | $7.52 | · | $7.05 | $7.34 | $6.65 | · | $6.32 | $5.97 | $5.41 | · | $5.04 | |
| Cash Flow / Share | · | $1.15 | · | · | · | $1.12 | · | · | · | $0.73 | · | · | · | $0.61 | · | · | |
| Dividend / Share | $0.40 | $0.40 | · | $0.40 | $0.34 | $0.34 | · | $0.34 | $0.27 | $0.27 | · | $0.27 | $0.23 | $0.23 | · | $0.23 | |
| Dividend Paid / Share | $0.40 | $0.40 | $0.40 | $0.40 | $0.34 | $0.34 | $0.34 | $0.34 | $0.27 | $0.27 | $0.26 | $0.27 | $0.23 | $0.23 | $0.22 | $0.23 | |
| EPS (TTM) | $4.28 | $4.43 | · | $4.70 | $4.59 | $4.54 | · | $4.03 | $3.83 | $3.47 | · | $2.89 | $2.62 | $2.43 | · | $2.26 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $881M | $897M | · | $901M | $874M | $852M | · | $804M | $782M | $741M | · | $668M | $630M | $592M | · | $554M | |
| Net Income TTM | $126M | $131M | · | $139M | $136M | $134M | · | $119M | $113M | $102M | · | $85M | $77M | $72M | · | $66M | |
| P/E | 34.7 | 34.4 | · | 38.0 | 53.4 | 41.9 | · | 54.2 | 48.7 | 46.6 | · | 49.8 | 56.3 | 50.1 | · | 40.9 | |
| Earnings Yield | 2.9% | 2.9% | · | 2.6% | 1.9% | 2.4% | · | 1.8% | 2.1% | 2.1% | · | 2.0% | 1.8% | 2.0% | · | 2.5% | |
| Payout Ratio | · | 42.8% | · | · | · | 26.1% | · | · | · | 27.3% | · | · | · | 34.1% | · | · | |
| Annual Payout | $47M | $45M | · | $42M | $40M | $38M | · | $34M | $32M | $30M | · | $28M | $26M | $26M | · | $24M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $917M | $827M | $704M | $566M | $505M |
| Gross Margin % | 41.7% | 39.8% | 39.3% | 38.9% | 40.7% |
| Operating Margin % | 20.0% | 19.1% | 16.8% | 15.4% | 15.6% |
| Net Income | $142M | $125M | $93M | $66M | $61M |
| Diluted EPS | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current Ratio | 3.4 | 4.6 | 3.4 | 3.2 | 3.2 |
| Quick Ratio | 2.2 | 3.2 | 2.1 | 1.9 | 1.9 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $170M | $142M | $98M | $77M | $81M |
Institutional owners (13F) 515 filers · $5.4B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
515
Value held
$5.4B
New positions
81
Exited positions
68
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 81 (+6 vs prior Q) | 68 (+1 vs prior Q) | 171 (-12 vs prior Q) | 156 (+6 vs prior Q) | +3.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $725,925,735 | 4,892,342 | 13.38% | Shares |
| VANGUARD GROUP INC | $694,133,138 | 3,979,893 | 12.80% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $371,665,637 | 2,504,823 | 6.85% | Shares |
| STATE STREET CORP | $245,036,809 | 1,651,414 | 4.52% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $195,464,684 | 1,317,325 | 3.60% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $149,645,076 | 1,008,392 | 2.76% | Shares |
| Impax Asset Management Group plc | $140,322,076 | 945,694 | 2.59% | Shares |
| FIRST TRUST ADVISORS LP | $114,529,180 | 771,864 | 2.11% | Shares |
| MORGAN STANLEY | $109,784,105 | 739,882 | 2.02% | Shares |
| Boston Trust Walden Corp | $108,163,234 | 728,961 | 1.99% | Shares |
| UBS Group AG | $93,392,005 | 629,411 | 1.72% | Shares |
| Amundi | $87,595,099 | 590,079 | 1.61% | Shares |
| Pictet Asset Management Holding SA | $85,224,215 | 574,477 | 1.57% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $76,768,190 | 517,496 | 1.42% | Shares |
| Invesco Ltd. | $74,982,795 | 505,343 | 1.38% | Shares |
| NEUBERGER BERMAN GROUP LLC | $74,118,632 | 499,519 | 1.37% | Shares |
| BANK OF AMERICA CORP /DE/ | $68,344,157 | 460,602 | 1.26% | Shares |
| JPMORGAN CHASE & CO | $60,464,280 | 434,707 | 1.11% | Shares |
| NORTHERN TRUST CORP | $56,385,587 | 380,008 | 1.04% | Shares |
| NORGES BANK | $55,537,892 | 374,295 | 1.02% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $49,767,246 | 335,404 | 0.92% | Shares |
| MARSHALL WACE, LLP | $46,316,221 | 312,146 | 0.85% | Shares |
| GOLDMAN SACHS GROUP INC | $46,274,681 | 311,866 | 0.85% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $41,648,932 | 280,713 | 0.77% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $38,318,096 | 258,243 | 0.71% | Shares |
| FUNDSMITH INVESTMENT SERVICES LTD. | $37,272,462 | 251,196 | 0.69% | Shares |
| Rockefeller Capital Management L.P. | $36,086,724 | 243,204 | 0.67% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $34,073,835 | 229,639 | 0.63% | Shares |
| FRANKLIN RESOURCES INC | $33,226,943 | 223,931 | 0.61% | Shares |
| FEDERATED HERMES, INC. | $31,552,265 | 212,645 | 0.58% | Shares |
| Legal & General Group Plc | $31,345,720 | 211,253 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $31,100,300 | 209,599 | 0.57% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $31,045,399 | 209,229 | 0.57% | Shares |
| Sandhill Capital Partners LLC | $29,918,156 | 201,632 | 0.55% | Shares |
| Select Equity Group, L.P. | $29,568,870 | 199,278 | 0.55% | Shares |
| Bank of New York Mellon Corp | $29,214,630 | 196,890 | 0.54% | Shares |
| Toroso Investments, LLC | $29,110,424 | 166,908 | 0.54% | Shares |
| Copeland Capital Management, LLC | $28,326,651 | 190,906 | 0.52% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $27,983,578 | 188,594 | 0.52% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $27,297,469 | 183,970 | 0.50% | Shares |
| Belpointe Asset Management LLC | $26,554,678 | 178,964 | 0.49% | Shares |
| Fundsmith LLP | $25,911,154 | 174,627 | 0.48% | Shares |
| TD Asset Management Inc | $25,596,440 | 172,506 | 0.47% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $24,825,462 | 167,310 | 0.46% | Shares |
| Rodgers Brothers Inc. | $23,033,069 | 155,230 | 0.42% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $22,971,895 | 154,818 | 0.42% | Shares |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $21,515,100 | 145,000 | 0.40% | Shares |
| DF DENT & CO INC | $21,355,580 | 143,925 | 0.39% | Shares |
| ROYAL BANK OF CANADA | $20,608,000 | 138,884 | 0.38% | Shares |
| BRIDGES INVESTMENT MANAGEMENT INC | $20,144,662 | 135,764 | 0.37% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| James O. Wright | Dec. 30, 2005 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 48 insiders · 22 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kenneth Bockhorst | Chairman, President & CEO | April 21, 2026 P | 51,676 | 2 | 0 | $761,552 |
| Daniel R Weltzien | VP-CFO & Treasurer | March 6, 2026 A | 6,190 | 0 | 0 | $0 |
| Edward F. Callahan | VP-Engineering | July 30, 2026 P | 1,937 | 2 | 0 | $201,358 |
| Robert Wrocklage | EVP-N.A. Muncipal Utility | April 23, 2026 P | 23,321 | 2 | 0 | $373,728 |
| Christina M. Tarantino | VP-Controller | April 21, 2026 P | 1,801 | 1 | 0 | $99,006 |
| Richard Htwe | VP-Global Operations | April 21, 2026 P | 7,603 | 2 | 0 | $698,574 |
| William R A Bergum | VP-Gen. Counsel and Secretary | April 21, 2026 I | 13,365 | 0 | 0 | $0 |
| Matthew L Stuyvenberg | EVP-SaaS Intl Utility & Comm'l | March 6, 2026 A | 6,428 | 0 | 0 | $0 |
| Sheryl Hopkins | VP - Human Resources | March 6, 2026 A | 5,670 | 0 | 0 | $0 |
| Kimberly K Stoll | VP-Cust Serv & GM SmartCover | March 6, 2026 S | 3,523 | 0 | 3 | $-286,402 |
| Fred J Begale | VP-Utility NPD | March 6, 2026 F | 3,004 | 0 | 1 | $-309,600 |
| Karen M. Bauer | VP-IR, Strategy & Treasurer | March 5, 2025 S | 5,076 | 0 | 0 | $0 |
| Lars Bo Kristensen | VP-Global Flow and Intl Water | March 1, 2024 A | 744 | 0 | 0 | $0 |
| Gregory M Gomez | VP-Flow Instrumentation | March 7, 2022 S | 14,141 | 0 | 0 | $0 |
| William Parisen | VP-Global Operations | March 4, 2022 A | 3,635 | 0 | 0 | $0 |
| Trina L. Jashinsky | VP-Human Resources | March 6, 2020 A | 2,479 | 0 | 0 | $0 |
| Horst Gras | VP-International | May 31, 2019 M | 0 | 0 | 0 | $0 |
| Raymond G Serdynski | VP-Manufacturing | April 23, 2019 M | 7,629 | 0 | 0 | $0 |
| Richard E Johnson | Sr. VP-Admin | Feb. 22, 2019 M | 50,000 | 0 | 0 | $0 |
| SMILEY BEVERLY L P | VP-Controller | Jan. 25, 2019 A | 12,949 | 0 | 0 | $0 |
| Dennis J Webb | VP-Customer Solutions | May 7, 2013 J | 600 | 0 | 0 | $0 |
| Bryan L Cieslak | VP-Operations | Jan. 25, 2007 A | 158 | 0 | 0 | $0 |
| Xia Liu | Director | Oct. 1, 2026 A | · | 0 | 0 | $0 |
| Todd A. Adams | Director | Oct. 1, 2026 A | 0 | 0 | 0 | $0 |
| Melanie K. Cook | Director | April 27, 2026 A | 3,237 | 0 | 0 | $0 |
| Henry F Brooks | Director | April 27, 2026 A | 3,237 | 0 | 0 | $0 |
| Tessa M. Myers | Director | April 27, 2026 A | 5,913 | 0 | 0 | $0 |
| James F Stern | Director | April 27, 2026 A | 8,551 | 0 | 0 | $0 |
| James W Mcgill | Director | April 27, 2026 A | 4,893 | 0 | 0 | $0 |
| Glen E Tellock | Director | April 27, 2026 A | 8,551 | 0 | 0 | $0 |
| Gale E Klappa | Director | May 2, 2022 A | 20,427 | 0 | 0 | $0 |
| Gail A Lione | Director | July 23, 2021 S | 10,154 | 0 | 0 | $0 |
| Thomas J Fischer | Director | April 29, 2019 A | 29,494 | 0 | 0 | $0 |
| Todd J Teske | Director | April 29, 2019 A | 18,004 | 0 | 0 | $0 |
| POLICANO ANDREW J | Director | Sept. 5, 2017 S | 24,561 | 0 | 0 | $0 |
| DIX RONALD H | Director | June 9, 2017 S | 43,000 | 0 | 0 | $0 |
| Steven J Smith | Director | May 2, 2016 A | 28,673 | 0 | 0 | $0 |
| Kenneth P Manning | Director | April 27, 2009 J | 64,945 | 0 | 0 | $0 |
| Ulice Payne JR | Director | April 27, 2009 J | 19,545 | 0 | 0 | $0 |
| Richard A Meeusen | · | March 3, 2020 M | 74,582 | 0 | 0 | $0 |
| Kristie J Zahn | · | May 1, 2012 J | 0 | 0 | 0 | $0 |
| John J Stollenwerk | · | April 27, 2012 J | 69,786 | 0 | 0 | $0 |
| Daniel D Zandron | · | Nov. 11, 2009 S | 10,786 | 0 | 0 | $0 |
| Kenneth E Smith | · | Aug. 10, 2005 S | 0 | 0 | 0 | $0 |
| Robert M Bullis | · | Aug. 1, 2005 S | 6,538 | 0 | 0 | $0 |
| FORBES JAMES L | · | April 19, 2005 S | 125,884 | 0 | 0 | $0 |
| BADGER METER OFFICERS VOTING TRUST | · | April 2, 2004 Z | 82,234 | 0 | 0 | $0 |
| Doanld J Schuenke | · | Feb. 4, 2004 M | 12,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 61 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCT · Invesco Exchange-Traded Fund Trust … | 1.50% | 64,102 SH | Oct. 1, 2026 | Daily |
| SCOW · Pacer Funds Trust | 1.37% | 175 NS | July 31, 2026 | N-PORT |
| PHO · Invesco Exchange-Traded Fund Trust | 1.29% | 196,693 SH | Oct. 1, 2026 | Daily |
| CGW · Invesco Exchange-Traded Fund Trust … | 1.27% | 103,615 SH | Oct. 1, 2026 | Daily |
| CSMD · Professionally Managed Portfolios | 1.17% | 39,522 NS | July 31, 2026 | N-PORT |
| EFRA · iShares Trust | 1.01% | 446 SH | Sept. 11, 2026 | Daily |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.57% | 5,702 SH | Oct. 1, 2026 | Daily |
| SDVD · First Trust Exchange-Traded Fund IV | 0.55% | 37,537 NS | July 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.47% | 34,739 SH | Aug. 19, 2026 | Daily |
| CAFG · Pacer Funds Trust | 0.45% | 1,004 NS | July 31, 2026 | N-PORT |
| CCSO · Tidal Trust II | 0.38% | 1,308 NS | July 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.29% | 28,088 NS | July 31, 2026 | N-PORT |
| RZG · Invesco Exchange-Traded Fund Trust | 0.29% | 2,820 SH | Oct. 1, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.26% | 31,882 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.24% | 280,327 SH | Sept. 11, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.23% | 102,075 SH | Aug. 19, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.21% | 188 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.17% | 1,096 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 7,735 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.13% | 30,063 SH | Sept. 11, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.13% | 171,464 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.12% | 760,445 SH | Sept. 11, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.12% | 387,282 SH | Aug. 19, 2026 | Daily |
| MADE · iShares Trust | 0.11% | 544 SH | Sept. 11, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.10% | 19,174 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 21,377 SH | Oct. 1, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.08% | 93,990 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.07% | 5,111 SH | Sept. 11, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.06% | 90,526 NS | July 31, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.06% | 738,572 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.06% | 8,732 SH | Oct. 1, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 334,859 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 669,695 SH | Aug. 19, 2026 | Daily |
| SMDX · Tidal Trust III | 0.04% | 418 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.04% | 113 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.04% | 793 SH | Oct. 1, 2026 | Daily |
| WSML · iShares Trust | 0.03% | 1,817 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 942 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.02% | 164,879 SH | Aug. 19, 2026 | Daily |
| IGM · iShares Trust | 0.02% | 13,719 SH | Sept. 11, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.01% | 830 SH | Oct. 1, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 1,670 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 928,716 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 2,488 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 6,564 SH | Aug. 19, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.01% | 1,083 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 8,304 SH | Sept. 9, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 37,055 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 17,212 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 3,649 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 685 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,662 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 23,877 SH | Aug. 19, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.00% | 40 NS | July 31, 2026 | N-PORT |
| IJR · iShares Trust | · | 1,781,230 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 276,014 SH | Sept. 9, 2026 | Daily |
| XJR · iShares Trust | · | 4,025 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 1,282 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 2,784 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 28,834 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 1,152 SH | Aug. 19, 2026 | Daily |
BMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 15 analysts
BUY
Median target
$162.00
+26.8%
4 26.7%
Strong Buy
6 40.0%
Buy
4 26.7%
Hold
1 6.7%
Sell
0 0.0%
Strong Sell
12-Month Price Target
9 analysts · 2026-10-03Mean target $156.67 +22.6%
Now
Current price $127.77
Low$112.00
Mean$156.67
High$170.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BMI | $6.49B | 36.4 | 10.9% | 15.4% | 20.4% | 41.7% |
| CGNX | $6.01B | 52.9 | 8.7% | 11.5% | 7.6% | 66.9% |
| RAL | $5.75B | -4.7 | -4.0% | -59.1% | -52.3% | 50.3% |
| NOVT | $4.24B | 80.9 | 3.3% | 5.5% | 5.2% | 44.4% |
| VNT | $5.29B | 13.5 | 3.2% | 13.2% | 35.4% | · |
| ITRI | $4.17B | 14.3 | -3.0% | 12.7% | 19.4% | 37.7% |
| MIR | · | 212.9 | 7.5% | 3.1% | 1.7% | 47.4% |
| OSIS | $3.48B | 24.4 | 4.2% | 8.7% | 18.4% | 33.2% |
| OUST | $1.32B | -20.2 | 52.5% | -35.6% | -25.0% | 49.3% |
| CXT | $2.70B | 18.8 | 11.4% | 8.8% | 12.5% | · |
| LASR | $1.92B | -79.8 | 31.6% | -9.0% | -10.6% | 29.8% |
Latest News Recent headlines mentioning this company
Why Badger Meter Stock Is Plummeting 18% Lower This Week
Nasdaq · 2 months, 1 week ago
Is Badger Meter, Inc. (BMI) A Good Stock To Buy Now?
Yahoo Finance · 3 months, 2 weeks ago
The Cost Of The Grain That Feeds Half The World Just Posted Biggest Monthly Surge Since 2008
ZeroHedge · 4 months ago
Daily Dividend Report: POR,SWK,AWI,WWD,BMI
Nasdaq · 5 months ago
Why Badger Meter Stock Is Plummeting Today
Yahoo Finance · 5 months, 2 weeks ago
Badger Meter Inc. Profit Falls In Q1
Nasdaq · 5 months, 2 weeks ago
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-Q filed Jul 23, 2026