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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 $856M
LTM EBITDA $197M
$5.1B
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 of $856M and a last 12-month EBITDA of $197M.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $704M | $827M | XXX | XXX | XXX |
| Gross Profit | $220M | $276M | XXX | XXX | XXX |
| Gross Margin | 31% | 33% | XXX | XXX | XXX |
| EBITDA | $146M | $190M | XXX | XXX | XXX |
| EBITDA Margin | 21% | 23% | XXX | XXX | XXX |
| Net Profit | $66.5M | $92.6M | XXX | XXX | XXX |
| Net Margin | 9% | 11% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Badger Meter's stock price is $183.
Badger Meter has current market cap of $5.4B, and EV of $5.1B.
See Badger Meter trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.1B | $5.4B | XXX | XXX | XXX | XXX | $4.34 |
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Sign UpAs of April 15, 2025, Badger Meter has market cap of $5.4B and EV of $5.1B.
Badger Meter's trades at 6.0x LTM EV/Revenue multiple, and 25.8x LTM EBITDA.
Analysts estimate Badger Meter's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Badger Meter and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.1B | XXX | XXX | XXX |
| EV/Revenue | 6.2x | XXX | XXX | XXX |
| EV/EBITDA | 26.8x | XXX | XXX | XXX |
| P/E | 43.1x | XXX | XXX | XXX |
| P/E/Growth | 3.4x | XXX | XXX | XXX |
| EV/FCF | 35.8x | 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.
Sign UpBadger Meter's NTM/LTM revenue growth is 11%
Badger Meter's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Badger Meter's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Badger Meter's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Badger Meter and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 34% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 21% | XXX | 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 |
| Jenoptik | XXX | XXX | XXX | XXX | XXX | XXX |
| Knorr-Bremse | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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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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Sign Up| 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 1984. |
| Who are competitors of Badger Meter? | Similar companies to Badger Meter include e.g. Catapult, Optiscan Imaging, NanoFocus, Jenoptik. |
| What is the current market cap of Badger Meter? | Badger Meter's current market cap is $5.4B |
| What is the current revenue of Badger Meter? | Badger Meter's last 12-month revenue is $856M. |
| What is the current EBITDA of Badger Meter? | Badger Meter's last 12-month EBITDA is $197M. |
| What is the current EV/Revenue multiple of Badger Meter? | Current revenue multiple of Badger Meter is 6.0x. |
| What is the current EV/EBITDA multiple of Badger Meter? | Current EBITDA multiple of Badger Meter is 25.8x. |
| What is the current revenue growth of Badger Meter? | Badger Meter revenue growth between 2023 and 2024 was 17%. |
| Is Badger Meter profitable? | Yes, Badger Meter is EBITDA-positive (as of the last 12 months). |
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