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Badger Meter Valuation Multiples
Discover revenue and EBITDA valuation multiples for Badger Meter and similar public comparables like COOEC, Jiangxi Jovo Energy, Woqod, Pampa Energia and more.
Badger Meter Overview
About Badger Meter
Badger Meter is a provider of water management solutions. The company's solutions encompass measurement and control hardware, connectivity and communication, data visualization and software. Badger Meter has globalised operations, with the vast majority of revenue derived from the USA.
Founded
1905
HQ
Employees
2.5K
Website
Financials (LTM)
EV
$4B
Badger Meter Financials
Badger Meter reported last 12-month revenue of $927M and EBITDA of $221M.
In the same LTM period, Badger Meter generated $386M in gross profit, $221M in EBITDA, and $143M in net income.
Revenue (LTM)
Badger Meter P&L
In the most recent fiscal year, Badger Meter reported revenue of $917M and EBITDA of $219M.
Badger Meter expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $927M | XXX | $917M | XXX | XXX | XXX |
| Gross Profit | $386M | XXX | $382M | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $221M | XXX | $219M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $143M | XXX | $142M | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 16% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Badger Meter Stock Performance
Badger Meter has current market cap of $4B, and enterprise value of $4B.
Market Cap Evolution
Badger Meter's stock price is $152.20.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $4B | 0.0% | XXX | XXX | XXX | $4.85 |
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Start Free TrialBadger Meter Valuation Multiples
Badger Meter trades at 4.5x EV/Revenue multiple, and 19.1x EV/EBITDA.
EV / Revenue (LTM)
Badger Meter Financial Valuation Multiples
As of March 16, 2026, Badger Meter has market cap of $4B and EV of $4B.
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 31.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | 19.1x | XXX | 19.2x | XXX | XXX | XXX |
| EV/EBIT | 22.8x | XXX | 23.0x | XXX | XXX | XXX |
| EV/Gross Profit | 10.9x | XXX | 11.0x | XXX | XXX | XXX |
| P/E | 31.0x | XXX | 31.4x | XXX | XXX | XXX |
| EV/FCF | 25.8x | XXX | 24.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Badger Meter Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Badger Meter Margins & Growth Rates
Badger Meter's revenue in the last 12 month grew by 6%.
Badger Meter's revenue per employee in the last FY averaged $0.4M.
Badger Meter's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Badger Meter's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Badger Meter Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Badger Meter Public Comps
See public comps and valuation multiples for other Test & Measurement and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| COOEC | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangxi Jovo Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Woqod | XXX | XXX | XXX | XXX | XXX | XXX |
| Pampa Energia | XXX | XXX | XXX | XXX | XXX | XXX |
| Rubis | 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 M&A Activity
Badger Meter acquired XXX companies to date.
Last acquisition by Badger Meter was on XXXXXXXX, XXXXX. Badger Meter acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Badger Meter
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBadger Meter Investment Activity
Badger Meter invested in XXX companies to date.
Badger Meter made its latest investment on XXXXXXXX, XXXXX. Badger Meter invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Badger Meter
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Badger Meter
| When was Badger Meter founded? | Badger Meter was founded in 1905. |
| Where is Badger Meter headquartered? | Badger Meter is headquartered in United States. |
| How many employees does Badger Meter have? | As of today, Badger Meter has over 2K employees. |
| Who is the CEO of Badger Meter? | Badger Meter's CEO is Kenneth C. Bockhorst. |
| Is Badger Meter publicly listed? | Yes, Badger Meter is a public company listed on NYSE. |
| 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? | Badger Meter main competitors are COOEC, Jiangxi Jovo Energy, Woqod, Pampa Energia. |
| What is the current market cap of Badger Meter? | Badger Meter's current market cap is $4B. |
| What is the current revenue of Badger Meter? | Badger Meter's last 12 months revenue is $927M. |
| What is the current revenue growth of Badger Meter? | Badger Meter revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Badger Meter? | Current revenue multiple of Badger Meter is 4.5x. |
| 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 $221M. |
| What is Badger Meter's EBITDA margin? | Badger Meter's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Badger Meter? | Current EBITDA multiple of Badger Meter is 19.1x. |
| What is the current FCF of Badger Meter? | Badger Meter's last 12 months FCF is $163M. |
| What is Badger Meter's FCF margin? | Badger Meter's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Badger Meter? | Current FCF multiple of Badger Meter is 25.8x. |
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