Badger Meter (BMI) Financial Ratios: P/E, ROE & More

Badger Meter (BMI) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Badger Meter had a P/E ratio of 36.29 (down from 49.93), return on equity of 21.5% (down from 22.3%), debt-to-equity of 0.02 (up from 0.01) and a current ratio of 3.36 (down from 4.57). A current ratio of 3.36 means current assets exceed current liabilities. Its dividend yield was 0.86% with a payout ratio of 30.7%.

Badger Meter Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	36.29	49.93	48.92	47.99	51.19	55.50
Forward P/E	33.12	44.37	44.52	43.77	53.35	53.32
P/S Ratio	5.61	7.55	6.44	5.64	6.17	6.44
P/B Ratio	7.21	10.29	8.77	7.21	7.73	7.58
Price/Tangible Book	14.46	14.00	13.10	11.29	13.61	12.86
Price/FCF	30.29	43.87	46.17	41.68	38.59	34.01
Price/OCF	27.98	40.24	41.14	38.70	35.62	30.57
PEG Ratio	2.00	2.46	2.18	3.65	5.67	2.54
Enterprise Value Ratios
EV/Revenue	5.39	7.24	6.22	5.45	6.05	6.23
EV/EBITDA	23.01	32.07	30.64	28.13	29.98	29.39
EV/EBIT	26.91	37.91	37.09	35.38	38.89	40.80
EV/FCF	29.10	42.09	44.58	40.28	37.85	32.94
Profitability & Returns
Return on Equity (ROE)	21.47%	22.26%	19.31%	15.73%	15.93%	14.25%
Return on Assets (ROA)	12.82%	12.87%	11.17%	9.61%	9.81%	9.10%
Return on Invested Capital (ROIC)	33.73%	36.60%	27.91%	20.87%	19.69%	11.40%
Return on Capital Employed (ROCE)	22.30%	22.60%	20.20%	17.70%	17.50%	16.10%
Leverage & Solvency Ratios
Debt/Equity	0.02	0.01	0.01	0.01	0.01	0.02
Debt/EBITDA	0.06	0.03	0.04	0.06	0.06	0.08
Debt/FCF	0.07	0.04	0.06	0.09	0.08	0.09
Liquidity Ratios
Current Ratio	3.36	4.57	3.35	3.15	3.18	3.29
Quick Ratio	2.25	3.21	2.09	1.95	1.86	1.97
Efficiency Ratios
Asset Turnover	1.02	1.08	1.07	1.00	1.01	0.95
Inventory Turnover	3.62	3.35	3.12	3.15	3.31	3.15
Yield & Distribution Ratios
Earnings Yield	2.76%	2.00%	2.04%	2.08%	1.95%	1.80%
FCF Yield	3.30%	2.28%	2.17%	2.40%	2.59%	2.94%
Dividend Yield	0.86%	0.59%	0.66%	0.80%	0.74%	0.77%
Payout Ratio	30.73%	28.69%	31.37%	37.42%	36.39%	41.22%
Buyback Yield	-0.12%	-0.26%	-0.27%	-0.13%	-0.37%	-0.03%
Total Return	0.74%	0.32%	0.38%	0.67%	0.37%	0.74%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Badger Meter Financial Ratios

What is Badger Meter's P/E ratio?

Badger Meter's P/E ratio was 36.29 for fiscal 2025 (period ended Dec 31, 2025). It was 49.93 a year earlier.

What is Badger Meter's return on equity?

Badger Meter's return on equity (ROE) was 21.5% for fiscal 2025 (period ended Dec 31, 2025). It was 22.3% a year earlier.

What is Badger Meter's debt-to-equity ratio?

Badger Meter's debt-to-equity ratio was 0.02 for fiscal 2025 (period ended Dec 31, 2025). It was 0.01 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition