Filing Flows › Badger Meter (BMI) › Operating margin
Badger Meter (BMI) operating margin by quarter
Badger Meter's operating margin was 20.2% in Q3 2026 (third quarter 2026), +2.5 pts from Q2 2026. Over the last 7 quarters it ranged from 17.4% (Q1 2026) to 22.2% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.2% | +2.5 pts | +0.7 pts |
| Q2 2026 | 17.7% | +0.3 pts | -1.1 pts |
| Q1 2026 | 17.4% | -2.1 pts | -4.9 pts |
| Q4 2025 | 19.5% | -0.1 pts | — |
| Q3 2025 | 19.6% | +0.7 pts | — |
| Q2 2025 | 18.8% | -3.4 pts | — |
| Q1 2025 | 22.2% | — | — |
Q3 2026 at a glance
Badger Meter, Q3 2026: revenue $236M (+0.1% year over year), operating margin 20.2%, net earnings $35.9M, operating cash flow $43.3M. The chart follows the revenue to costs, profit and cash.
Questions
What is Badger Meter's operating margin?
Badger Meter's operating margin was 20.2% in Q3 2026 (third quarter 2026), +2.5 pts from Q2 2026.
How has Badger Meter's operating margin changed?
Over the last 7 quarters it ranged from 17.4% (Q1 2026) to 22.2% (Q1 2025).