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Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Its product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.
1905
2.2K+
LTM Revenue $882M
LTM EBITDA $207M
$6.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Badger Meter has a last 12-month revenue (LTM) of $882M and a last 12-month EBITDA of $207M.
In the most recent fiscal year, Badger Meter achieved revenue of $827M and an EBITDA of $190M.
Badger Meter expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Badger Meter valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $882M | XXX | $827M | XXX | XXX | XXX |
| Gross Profit | $357M | XXX | $329M | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $207M | XXX | $190M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBIT | $161M | XXX | $158M | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $135M | XXX | $125M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of July 16, 2025, Badger Meter's stock price is $238.
Badger Meter has current market cap of $7.0B, and EV of $6.9B.
See Badger Meter trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.9B | $7.0B | XXX | XXX | XXX | XXX | $4.63 |
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Start Free TrialAs of July 16, 2025, Badger Meter has market cap of $7.0B and EV of $6.9B.
Badger Meter's trades at 8.3x EV/Revenue multiple, and 36.1x EV/EBITDA.
Equity research analysts estimate Badger Meter's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Badger Meter has a P/E ratio of 52.0x.
See valuation multiples for Badger Meter and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7.0B | XXX | $7.0B | XXX | XXX | XXX |
| EV (current) | $6.9B | XXX | $6.9B | XXX | XXX | XXX |
| EV/Revenue | 7.8x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBITDA | 33.2x | XXX | 36.1x | XXX | XXX | XXX |
| EV/EBIT | 42.6x | XXX | 43.5x | XXX | XXX | XXX |
| EV/Gross Profit | 19.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 52.0x | XXX | 56.0x | XXX | XXX | XXX |
| EV/FCF | 48.9x | XXX | 48.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialBadger Meter's last 12 month revenue growth is 10%
Badger Meter's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Badger Meter's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Badger Meter's rule of X is 48% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Badger Meter and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | 31% | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Catapult | XXX | XXX | XXX | XXX | XXX | XXX |
| Optiscan Imaging | XXX | XXX | XXX | XXX | XXX | XXX |
| NanoFocus | XXX | XXX | XXX | XXX | XXX | XXX |
| Q-Interline | XXX | XXX | XXX | XXX | XXX | XXX |
| Jenoptik | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Badger Meter acquired XXX companies to date.
Last acquisition by Badger Meter was XXXXXXXX, XXXXX XXXXX XXXXXX . Badger Meter acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Badger Meter founded? | Badger Meter was founded in 1905. |
| Where is Badger Meter headquartered? | Badger Meter is headquartered in United States of America. |
| How many employees does Badger Meter have? | As of today, Badger Meter has 2.2K+ employees. |
| Who is the CEO of Badger Meter? | Badger Meter's CEO is Mr. Kenneth C. Bockhorst. |
| Is Badger Meter publicy listed? | Yes, Badger Meter is a public company listed on NYS. |
| What is the stock symbol of Badger Meter? | Badger Meter trades under BMI ticker. |
| When did Badger Meter go public? | Badger Meter went public in 1972. |
| Who are competitors of Badger Meter? | Similar companies to Badger Meter include e.g. Catapult, Optiscan Imaging, NanoFocus, Q-Interline. |
| What is the current market cap of Badger Meter? | Badger Meter's current market cap is $7.0B |
| What is the current revenue of Badger Meter? | Badger Meter's last 12 months revenue is $882M. |
| What is the current revenue growth of Badger Meter? | Badger Meter revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Badger Meter? | Current revenue multiple of Badger Meter is 7.8x. |
| Is Badger Meter profitable? | Yes, Badger Meter is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Badger Meter? | Badger Meter's last 12 months EBITDA is $207M. |
| What is Badger Meter's EBITDA margin? | Badger Meter's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Badger Meter? | Current EBITDA multiple of Badger Meter is 33.2x. |
| What is the current FCF of Badger Meter? | Badger Meter's last 12 months FCF is $141M. |
| What is Badger Meter's FCF margin? | Badger Meter's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Badger Meter? | Current FCF multiple of Badger Meter is 48.9x. |
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