Badger MeterBMI -0.01%78 Pretax Margin % is 17.96% as of Mar. 2026, which is 17% above its 10-year median of 15.39. GuruFocus rates BMI with a GF Score™ of 78/100 and a GF Value™ of $216.40 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,472 Hardware companies, Badger Meter ranks better than 90.17% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Badger Meter's Pre-Tax Income for the
three
months ended in Mar. 2026 was $36.3 Mil. Badger Meter's Revenue for the
three
months ended in Mar. 2026 was $202.3 Mil. Therefore, Badger Meter's pretax margin for the quarter that ended in Mar. 2026 was 17.96%.
The historical rank and industry rank for Badger Meter's Pretax Margin % or its related term are showing as below:
BMI'
s Pretax Margin % Range Over the Past 10 Years
Min: 8.27 Med: 15.39 Max: 20.58
Current: 19.43
BMI's Pretax Margin % is ranked better than 90.17% of 2472
companies
in the Hardware industry
Industry Median: 3.575
vs BMI: 19.43
Badger Meter (NYSE:BMI) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Badger Meter Pretax Margin % Related Terms
Badger Meter Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Badger Meter's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Badger Meter's Pretax 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 Pretax Margin % of 17.96% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Badger Meter and its competitors. This is 17% above median its historical median of 15.39. Over the past decade, Badger Meter's Pretax Margin % has ranged from 8.27 to 20.58. According to the industry distribution chart, Badger Meter ranks #243 out of 2472 companies in the Hardware industry, placing it in the top 9.8%.
Is Badger Meter's Pretax Margin % too high?
Badger Meter's current Pretax Margin % of 17.96% is 17% above median its 10-year median of 15.39. Over the past 10 years, this metric has ranged from a low of 8.27 to a high of 20.58. The Hardware industry median Pretax Margin % is 3.58. Badger Meter's value of 17.96% is 402.4% above this industry median. Based on the distribution chart, Badger Meter ranks #243 out of 2472 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 Pretax Margin % compare to ITRI and VNT?
According to the Hardware industry distribution chart, Badger Meter ranks #243 out of 2472 companies for Pretax Margin %. This places Badger Meter in the top 10% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. Badger Meter's value of 17.96% is 402.4% above this benchmark. Historically, Badger Meter's own Pretax Margin % has ranged from 8.27 to 20.58 over the past decade. While the company's 10-year median is 15.39 vs. the industry median of 3.58, 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 Pretax Margin % for a Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current Pretax Margin % of 17.96% is 402.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Badger Meter and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current Pretax Margin % is 17.96%, which is 17% above median its own 10-year median of 15.39. 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 $216.40, compared to a current price of $140.88 — trading 34.9% below its estimated fair value. The current Pretax Margin % is 17.96%, which is 17% above median its 10-year median of 15.39 and 402.4% above the Hardware industry median of 3.58. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Badger Meter (BMI), the current Pretax Margin % is 17.96% 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 $140.88 is trading 34.9% below its estimated GF Value™ of $216.40.
GuruFocus considers Badger Meter to be Significantly Undervalued.
Key valuation signals for BMI:
Pretax Margin %: 17.96% (17% above median its 10-year median of 15.39)
GF Value™: $216.40 vs. price of $140.88 (34.9% below fair value)
Industry Position: 402.4% above the Hardware median (#243 of 2472)
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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