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BMI Badger Meter Inc.

Information Technology, filed as BADGER METER INC (COM), Equity As of 2026 Q2 among managers we track Quote on Google Finance, opens in a new tab

Bought by 2 managers in 2026 Q2, sold by 2

  • 3 Owners
  • Max 0.3%
  • $51M
  • 1 new 1 add 1 reduce 1 exit

In 2026 Q2 Vulcan Value Partners opened a position in Badger Meter, Terry Smith added, Mairs & Power trimmed, and Ron Baron sold out.

Who owns this now

Largest portfolio weights among holders, up to 0.3% (Vulcan Value Partners). Not free-float ownership.

  1. Vulcan Value Partners New 0.31%
  2. Terry Smith Add 0.19%
  3. Mairs & Power Reduce 0.14%

Who owns BMI

Sorted by value, long equity only, as of 2026 Q2.

History
Terry Smith, Fundsmith 0.19%, was 0.17% Add +22.6% 174,627 $26M History
Mairs & Power 0.14%, was 0.17% Reduce −5.1% 99,464 $15M History
Vulcan Value Partners 0.31% New 0.31% 68,684 $10M History
Ron Baron, Bamco Inc. (Baron Capital) exited 2026 Q2 Last 2026 Q1 0.14% Exit −0.14% 312,213 $48M History

3 current, 1 exited last period, options excluded

Weight bar: held both quarters added sold at this quarter’s reported price

Insider trades

Open-market buys and sales by BMI's executives, directors and 10% owners in the last 12 months, from their Form 4s

All BMI insider trades
  • $2.1M bought by 5 insiders
  • $596K sold by 2 insiders outside a trading plan
  • None no planned (10b5-1) sales
  1. Edward F. Callahan VP-Engineering
    Buy
    $102K 751 shares at $135.25 +63% to stake
    Traded Jul 30 Filed Jul 31
    ↗
  2. Robert Wrocklage EVP-N.A. Muncipal Utility
    Buy
    $122K 1,000 shares at $122.35 +4.5% to stake
    Traded Apr 23 Filed Apr 23
    ↗
  3. Richard Htwe VP-Global Operations
    Buy
    $197K 1,700 shares at $116.13 +29% to stake
    Traded Apr 21 Filed Apr 22
    ↗
  4. Christina M. Tarantino VP-Controller
    Buy
    $99K 870 shares at $113.80 +93% to stake
    Traded Apr 21 Filed Apr 22
    ↗
  5. Edward F. Callahan VP-Engineering
    Buy
    $100K 858 shares at $116.30 +262% to stake
    Traded Apr 21 Filed Apr 22
    ↗
  6. Kenneth Bockhorst CEO
    Buy
    $259K 2,200 shares at $117.53 +4.4% to stake
    Traded Apr 21 Filed Apr 21
    ↗
  7. Kimberly K Stoll VP-Cust Serv & GM SmartCover
    Sale
    $21K 143 shares at $144.50 3.9% of stake
    Traded Mar 6 Filed Mar 10
    ↗
  8. Kimberly K Stoll VP-Cust Serv & GM SmartCover
    Sale
    $243K 1,634 shares at $149.01 33% of stake
    Traded Mar 3 Filed Mar 4
    ↗
  9. Fred J Begale VP-Utility NPD
    Sale
    $310K 2,064 shares at $150.00 40% of stake
    Traded Mar 4 Filed Mar 4
    ↗
  10. Kimberly K Stoll VP-Cust Serv & GM SmartCover
    Sale
    $22K 148 shares at $150.38 2.9% of stake
    Traded Feb 27 Filed Mar 3
    ↗
  11. Kenneth Bockhorst CEO
    Buy
    $503K 3,300 shares at $152.42 +9% to stake
    Traded Feb 10 Filed Feb 11
    ↗
  12. Robert Wrocklage EVP-N.A. Muncipal Utility
    Buy
    $251K 1,650 shares at $152.35 +9.2% to stake
    Traded Feb 9 Filed Feb 10
    ↗
  13. Richard Htwe VP-Global Operations
    Buy
    $501K 3,370 shares at $148.71 +222% to stake
    Traded Feb 5 Filed Feb 9
    ↗

Also filed in the last 12 months, not counted as buying or selling: 32 stock grants, 22 share withholdings for taxes, 2 other transactions, and 2 option exercises.

Congress

1 member of Congress traded BMI in the last three years: 2 buys and 2 sales.

All Congress trades
  1. Markwayne Mullin R-OK Sell $1K–$15K Dec 18, 2024 filed Dec 31, 2024
  2. Markwayne Mullin R-OKSpouse Sell $15K–$50K Dec 18, 2024 filed Dec 31, 2024
  3. Markwayne Mullin R-OK Buy $1K–$15K Jan 4, 2024 filed Jan 26, 2024
  4. Markwayne Mullin R-OKSpouse Buy $1K–$15K Jan 4, 2024 filed Jan 26, 2024

SEC filings

Recent issuer filings from EDGAR, 15 shown.

Filed Form Detail Links
10-Q Filing Doc
8-K 2.02,9.01 Filing Doc
10-Q Filing Doc
8-K 2.02,9.01 Filing Doc
8-K 1.01,1.02,2.03,9.01 Filing Doc
8-K 7.01,9.01 Filing Doc
SCHEDULE 13G — Filing Doc
SCHEDULE 13G — Filing Doc
SCHEDULE 13G — Filing Doc
8-K 5.03,5.07,8.01,9.01 Filing Doc
10-Q Filing Doc
8-K 2.02,9.01 Filing Doc
SCHEDULE 13G/A — Filing Doc
DEF 14A Filing Doc
DEFA14A Filing Doc

Source: SEC EDGAR submissions, updated 7 days ago. All on EDGAR

Financials

US-GAAP annual figures by fiscal year, as tagged in Form 10-K. Each value links to its SEC filing.

Income statement

Metric FY2023 FY2024 FY2025
Revenue $703.59M $826.56M $916.66M
Gross profit $276.44M $329.18M $382.07M
Gross margin * 39.3% 39.8% 41.7%
Net income $92.6M $124.94M $141.63M
Net margin * 13.2% 15.1% 15.5%

Balance sheet

Metric FY2023 FY2024 FY2025
Total current assets $442.18M $540.12M $507.08M
Total non-current assets * $274.74M $276.3M $466.5M
Total assets $716.92M $816.41M $973.58M
Total current liabilities $131.95M $118.2M $150.72M
Total non-current liabilities — $91.98M $109.57M
Total equity $516.48M $606.23M $713.29M

Cash flow

Metric FY2023 FY2024 FY2025
Cash from operations $110.12M $155.03M $183.7M
Cash from investing -$29.13M -$15.82M -$198.05M
Cash from financing -$28.08M -$35.1M -$57.98M
Net change in cash $53.73M $103.52M -$69.29M

Source: SEC companyfacts (US-GAAP 10-K). A * marks a computed figure, not a single XBRL tag. Fiscal years are as the issuer labels them. Follow The Filings does not adjust or audit these figures.

Ownership over time

13Fs that reported it each quarter. Click a bar for that quarter’s holders.