Industrials · Water Tech
BMI Badger Meter Inc.
High convictionMid capFYE December
Last print — FY26 Q1 (2026-04-17)
Revenue (Actual)
$246.3M
vs CE $242.1M (+1.7%)
EPS (Actual)
$1.18
vs CE $1.11 (+6.3%)
Stock reaction
+4.2%
Day-1 move vs Street
Headline call
Beat
vs CE framework
Thesis pillars
Edit thesis →- Smart water adoptionStrengthenedBlueEdge subscription attach rate +Y/y; utility capex durable.
- Gross margin structural step-upUnchangedMix + SW attach drives 40%+ GM; sustainable.
- M&A capacityUnchangedNet cash; Trimble Mobility closed; pipeline stays active.
Segments
- Utility Watertracked
- Flow Instrumentationtracked
Historical Quick Looks
All history →| Date | Qtr | Mode | Headline | Reaction | |
|---|---|---|---|---|---|
| 2026-04-17 | FY26 Q1 | writeup | Sellside sweep: Street now bracketing +9% organic for FY26 | +4.2% | Open |
| 2026-04-17 | FY26 Q1 | quick | Top-line beat, SaaS attach accelerating; guide nudged up | +4.2% | Open |
Context files
Upload →- activeBMI_AWWA_Conference_Notes.pdfConference · FY26 Q1
Utility capex outlook strong; BlueEdge adoption curve; competitive pricing discipline.
- activeBMI_10Q_FY25_Q4_redline.docxSEC filing · FY26 Q1
10-Q language changes highlighted; note disclosure on acquisition expense timing.