Badger MeterBMI +4.51%78 Gross Margin % is 41.69% as of Mar. 2026, which is 7% above its 10-year median of 39.09. GuruFocus rates BMI with a GF Score™ of 78/100 and a GF Value™ of $216.36 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,450 Hardware companies, Badger Meter ranks better than 78.53% on this metric.
The historical rank and industry rank for Badger Meter's Gross Margin % or its related term are showing as below:
BMI'
s Gross Margin % Range Over the Past 10 Years
Min: 37.43 Med: 39.09 Max: 41.68
Current: 41.37
During the past 13 years, the highestGross Margin % of Badger Meter was 41.68%. The lowest was 37.43%. And the median was 39.09%.
BMI's Gross Margin % is ranked better than 78.53% of 2450
companies
in the Hardware industry
Industry Median: 24.53
vs BMI: 41.37
Badger Meter had a gross margin of 41.69% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Badger Meter was 0.60% per year.
Badger Meter (NYSE:BMI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Badger Meter had a gross margin of 41.69% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Badger Meter Gross Margin % Related Terms
Badger Meter Gross Margin % Historical Data
* Premium members only.
The historical data trend for Badger Meter's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Scientific & Technical Instruments subindustry, Badger Meter's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Badger Meter Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Badger Meter's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Badger Meter (BMI) has a Gross Margin % of 41.69% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Badger Meter and its competitors. This is near median its historical median of 39.09. Over the past decade, Badger Meter's Gross Margin % has ranged from 37.43 to 41.68. According to the industry distribution chart, Badger Meter ranks #526 out of 2450 companies in the Hardware industry, placing it in the top 21.5%.
Is Badger Meter's Gross Margin % too high?
Badger Meter's current Gross Margin % of 41.69% is near median its 10-year median of 39.09. Over the past 10 years, this metric has ranged from a low of 37.43 to a high of 41.68. The Hardware industry median Gross Margin % is 24.53. Badger Meter's value of 41.69% is 70% above this industry median. Based on the distribution chart, Badger Meter ranks #526 out of 2450 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Badger Meter has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Badger Meter's Gross Margin % compare to ITRI and VNT?
According to the Hardware industry distribution chart, Badger Meter ranks #526 out of 2450 companies for Gross Margin %. This places Badger Meter in the top 22% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.53. Badger Meter's value of 41.69% is 70% above this benchmark. Historically, Badger Meter's own Gross Margin % has ranged from 37.43 to 41.68 over the past decade. While the company's 10-year median is 39.09 vs. the industry median of 24.53, Badger Meter has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.53, based on 2,450 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current Gross Margin % of 41.69% is 70% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Badger Meter and its competitors. For the Hardware industry, the median Gross Margin % is 24.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current Gross Margin % is 41.69%, which is near median its own 10-year median of 39.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Badger Meter stock overvalued right now?
Based on GuruFocus' analysis, Badger Meter (BMI) is currently considered Significantly Undervalued. The stock's GF Value™ is $216.36, compared to a current price of $133.58 — trading 38.3% below its estimated fair value. The current Gross Margin % is 41.69%, which is near median its 10-year median of 39.09 and 70% above the Hardware industry median of 24.53. Badger Meter's overall GF Score™ is 78/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Badger Meter (BMI), the current Gross Margin % is 41.69% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Badger Meter (BMI) Overvalued in 2026?
Based on GuruFocus' analysis, Badger Meter stock appears to be undervalued.
The current stock price of $133.58 is trading 38.3% below its estimated GF Value™ of $216.36.
GuruFocus considers Badger Meter to be Significantly Undervalued.
Key valuation signals for BMI:
Gross Margin %: 41.69% (near median its 10-year median of 39.09)
GF Value™: $216.36 vs. price of $133.58 (38.3% below fair value)
Industry Position: 70% above the Hardware median (#526 of 2450)
No single metric tells the full story. See the BMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 global operations, with the vast majority of revenue derived from the US.
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