Reading BMI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track BMI free→Reading BMI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track BMI free→NYSEInformation TechnologyScientific & Technical InstrumentsSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, and earnings quality is mixed. Management's recent track record has been steady, but the capital stance is capital unfriendly. Risk is elevated, while the sector backdrop is a tailwind, with performance compared to sector peers being typical. Peer multiples imply a price about 6% below where it trades (it looks expensive on this basis); the read is fair. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $134.26. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $134 BMI trades at 30× p/e, in line with its 28× p/e peer median. Our $127 fair value reflects that, high confidence. Analysts: $110–$174. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 6% near-term growth, in line with our forecast of about 7%. This describes what's priced in, not a forecast of the move.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted 1.41x of net income into operating cash flow. Historically, Information Technology names rated neutral grew net income 62% of the time over the next year (vs 58% for the rest of the cohort, n=2831).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $1.03 → $1.03 (+0.3% / 30d). 1 raised, 0 cut, 7 covering analysts.
0 upgrades, 0 downgrades / 30d. 54% of analysts rate Buy.
1 PT revisions / 30d. Avg target 16.4% above current price.
0 positive, 2 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$158.
How much price usually moves either way.
On a bad day, this stock has moved -$327.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,380.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Better revenue growth would show recovery from the first quarter's drop. It would support management's view.
Confirms:Q2 2026 revenue exceeds $202.3 million, showing improvement from Q1 2026.
Disproves:Q2 2026 revenue is still below $202.3 million. This shows ongoing weakness.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for BMI yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
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…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$110.00 – $174.00 (median $145.00) · 5 analysts · as of 2026-05-22
Roughly priced in line with peers.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Electronic Equipment & Instruments.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
BMI Badger Meter, Inc. | Typical Show detailsSector percentile: 39 of 100 | full | elevated |
KEYS Keysight Technologies | Above typical Show detailsSector percentile: 88 of 100 | expensive | moderate |
ROP Roper Technologies | Above typical Show detailsSector percentile: 96 of 100 | inexpensive | elevated |
TDY Teledyne Technologies | Above typical Show detailsSector percentile: 76 of 100 | full | moderate |
TRMB Trimble Inc. | Above typical Show detailsSector percentile: 94 of 100 | inexpensive | moderate |
3 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated stable grew net income 56% of the time over the next year (vs 62% for the rest of the cohort, n=797).
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Focus on achieving high single-digit sales growth over a forward five-year time horizon.
Aim to expand operating profit margins year-over-year.
Ensure free cash flow conversion exceeds 100% of earnings.
Why it matters: Good integration would improve Badger Meter's sewer line monitoring. It would help revenue growth.
Confirms:Management says UDlive adds to revenue within six months after the purchase.
Disproves:Integration problems may cause delays. They could also lower contributions from UDlive.
Why it matters: A rise in operating margins shows better cost management. It also shows more efficiency.
Confirms:Operating margin in Q2 2026 is over 17.4%. This is an improvement from Q1 2026.
Disproves:Operating margin in Q2 2026 is below 17.4%. This shows ongoing cost issues.
Termination of a Material Definitive Agreement. The information set forth above under
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under
Results of Operations and Financial Condition . On April 17, 2026, Badger Meter, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. A copy of the press release issued by the Company announcing the foregoing is furnished herewith as Exhibit 99.1.
Results of Operations and Financial Condition . On October 21, 2025, Badger Meter, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2025. A copy of the press release issued by the Company announcing the foregoing is furnished herewith as Exhibit 99.1.