Q3 FY2026 · ended Sep 30, 2026 · Revenue $235.94M, +0.1% YoY · Filed Oct 23, 2026
Badger Meter, Inc. (BMI) files with the SEC under industry code 3824, Totalizing Fluid Meters & Counting Devices. In Q3 of fiscal 2026, the quarter ended Sep 30, 2026, it reported revenue of $235.9 million and net income of $35.9 million. Free cash flow was $40.3 million.
Revenue
$235.94M
+0.1% vs year-ago quarter
Net income
$35.90M
+2.4% vs year-ago quarter
Operating cash flow
$43.27M
-15.6% vs year-ago quarter
Free cash flow
$40.28M
-16.4% vs year-ago quarter
EPS
$1.24
+4.2% vs year-ago quarter
Dividend per share
$0.44
+10.0% vs year-ago quarter
Shares outstanding
28.56M
-3.1% vs year-ago quarter
Net cash
$213.33M
Q4 FY2025
Operating margin
18.8%
TTM
Company profile
- Industry
- Totalizing Fluid Meters & Counting Devices (SIC 3824)
- Listed as
- BMI (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- WI
- Headquarters
- Milwaukee, WI
- SEC filer status
- Large accelerated filer
- SEC CIK
- 9092
- Former names
- BADGER METER INC (until Oct 23, 2026)
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q3 FY2026 Sep 30, 2026 |
Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $235.9M | $222.3M | $202.3M | $220.7M | $235.7M |
| Operating income | $47.7M | $39.4M | $35.2M | $43.0M | $46.1M |
| Net income | $35.9M | $29.7M | $27.3M | $33.6M | $35.1M |
| Diluted EPS | $1.24 | $1.02 | $0.93 | $1.14 | $1.19 |
| Operating cash flow | $43.3M | $26.7M | $33.9M | $54.8M | $51.3M |
| Free cash flow | $40.3M | $21.9M | $29.5M | $50.8M | $48.2M |
| Total assets | $943.6M | $998.2M | $970.8M | $973.6M | $978.3M |
| Stockholders' equity | $651.1M | $682.9M | $690.4M | $713.3M | $702.5M |
| Cash and investments | $67.9M | $95.7M | $205.5M | $226.0M | $201.7M |
| Total debt | — | — | — | $12.7M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 23, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 22, 2026 | Oct 22, 2026 |
| 10-Q | Quarterly report | Jul 23, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 22, 2026 | Jul 22, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, New debt
|
Jun 11, 2026 | Jun 5, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
May 21, 2026 | May 21, 2026 |
All 1000 Badger Meter, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.