BMI Badger Meter margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 74

Gross margin

41.3%

Operating margin

18.6%

EBITDA margin

23.2%

Net margin

14.3%

Using the latest TTM figures, Badger Meter shows a gross margin of 41.3%, an operating margin of 18.6%, an EBITDA margin of 23.2%, and a net margin of 14.3%. Margin expansion was strongest in gross margin, which gained by 0.1 percentage points. EBITDA margin had the strongest contraction, dropping by 1.4 percentage points.

BMI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Badger Meter recorded average margins of 40.44% gross, 18.87% operating, 23.5% EBITDA, and 14.75% net. Badger Meter's current performance shows that gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

BMI margin expansion

Year-over-year margin changes in percentage points

Badger Meter's gross margin expanded by 0.1 percentage points, but operating margin contracted by 1.3 percentage points, EBITDA margin by 1.4 percentage points, and net margin by 1.2 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

-1.3pp

EBITDA margin expansion

-1.4pp

Net margin expansion

-1.2pp

BMI Gross margin

Throughout the last 3 years, Badger Meter had an average gross margin of 40.44%. Against its three-year average, Badger Meter's gross margin is currently 41.3%, 0.9 percentage points above its three-year average. Looking back over the last 3 years, Badger Meter's gross margin reached 41.7% at its highest point in Dec 2025 and 39.2% at its lowest in Jun 2024.

BMI Operating margin

Across the last 3 years, Badger Meter's operating margin averaged 18.87%. Badger Meter currently reports an operating margin of 18.6%, 0.3 percentage points below its three-year average. Operating margin was highest at 20% in Dec 2025 and lowest at 16.8% in Dec 2023.

BMI EBITDA margin

The average EBITDA margin for Badger Meter was 23.5% in the last 3 years. As of the latest period, the current EBITDA margin for Badger Meter is 23.2%, 0.3 percentage points below its three-year average. The EBITDA margin for Badger Meter moved between 21.3% in Dec 2023 and 24.8% in Mar 2025.

BMI Net margin

Over the last 3 years, Badger Meter recorded an average net margin of 14.75%. Compared with its three-year average, Badger Meter's current net margin is 14.3% and is 0.5 percentage points below its three-year average. The highest net margin for Badger Meter was 15.7% in Mar 2025, while the lowest was 13.2% in Dec 2023.

BMI margin group comparison

Margins compared with peer-group, industry and sector averages

Badger Meter's gross margin of 41.3% is lower than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 52.2%, Badger Meter's gross margin is 21% lower.

BMI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Badger Meter's gross margin?

As of Jun 30, 2026, BMI has a gross margin of 41.3%.

What is Badger Meter's operating margin?

The current operating margin for BMI is 18.6% as of Jun 30, 2026.

What is Badger Meter's EBITDA margin?

For the period ending Jun 30, 2026, BMI recorded an EBITDA margin of 23.2%.

What is Badger Meter's net margin?

For the period ending Jun 30, 2026, BMI recorded a net margin of 14.3%.

What are the average margins of BMI?

Badger Meter's average margins over the last 3 years were 40.4% gross, 18.9% operating, 23.5% EBITDA, and 14.8% net.

What are the highest historical margins of BMI?

Looking back across 5 years, BMI reached 41.7% gross in Dec 2025, 20% operating in Dec 2025, 24.8% EBITDA in Mar 2025, and 15.7% net in Mar 2025.

What are the lowest historical margins of BMI?

Over the last 5 years, Badger Meter's lowest margins were 38.9% gross in Dec 2022, 15.4% operating in Mar 2022, 20.1% EBITDA in Dec 2022, and 11.8% net in Mar 2022.