Badger MeterBMI +4.51%78 Net Margin % is 13.51% as of Mar. 2026, which is 16% above its 10-year median of 11.68. 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 2,473 Hardware companies, Badger Meter ranks better than 88.15% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Badger Meter's Net Income for the
three
months ended in Mar. 2026 was $27.3 Mil. Badger Meter's Revenue for the
three
months ended in Mar. 2026 was $202.3 Mil. Therefore, Badger Meter's net margin for the quarter that ended in Mar. 2026 was 13.51%.
The historical rank and industry rank for Badger Meter's Net Margin % or its related term are showing as below:
BMI'
s Net Margin % Range Over the Past 10 Years
Min: 6.41 Med: 11.68 Max: 15.45
Current: 14.56
BMI's Net Margin % is ranked better than 88.15% of 2473
companies
in the Hardware industry
Industry Median: 2.71
vs BMI: 14.56
Badger Meter (NYSE:BMI) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Badger Meter Net Margin % Related Terms
Badger Meter Net Margin % Historical Data
* Premium members only.
The historical data trend for Badger Meter's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Net Margin % distribution charts can be found below:
* The bar in red indicates where Badger Meter's Net 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.
Badger Meter (BMI) has a Net Margin % of 13.51% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Badger Meter and its competitors. This is 16% above median its historical median of 11.68. Over the past decade, Badger Meter's Net Margin % has ranged from 6.41 to 15.45. According to the industry distribution chart, Badger Meter ranks #293 out of 2473 companies in the Hardware industry, placing it in the top 11.8%.
Is Badger Meter's Net Margin % too high?
Badger Meter's current Net Margin % of 13.51% is 16% above median its 10-year median of 11.68. Over the past 10 years, this metric has ranged from a low of 6.41 to a high of 15.45. The Hardware industry median Net Margin % is 2.71. Badger Meter's value of 13.51% is 398.5% above this industry median. Based on the distribution chart, Badger Meter ranks #293 out of 2473 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 Net Margin % compare to ITRI and VNT?
According to the Hardware industry distribution chart, Badger Meter ranks #293 out of 2473 companies for Net Margin %. This places Badger Meter in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.71. Badger Meter's value of 13.51% is 398.5% above this benchmark. Historically, Badger Meter's own Net Margin % has ranged from 6.41 to 15.45 over the past decade. While the company's 10-year median is 11.68 vs. the industry median of 2.71, 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 Net Margin % for a Hardware company?
The median Net Margin % among Hardware companies is 2.71, based on 2,473 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current Net Margin % of 13.51% is 398.5% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Badger Meter and its competitors. For the Hardware industry, the median Net Margin % is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current Net Margin % is 13.51%, which is 16% above median its own 10-year median of 11.68. 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 Net Margin % is 13.51%, which is 16% above median its 10-year median of 11.68 and 398.5% above the Hardware industry median of 2.71. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Badger Meter (BMI), the current Net Margin % is 13.51% 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:
Net Margin %: 13.51% (16% above median its 10-year median of 11.68)
GF Value™: $216.36 vs. price of $133.58 (38.3% below fair value)
Industry Position: 398.5% above the Hardware median (#293 of 2473)
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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