Question 1

What is Badger Meter's P/FCF ratio?

Accepted Answer

Badger Meter (BMI) P/FCF ratio is 25.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Badger Meter?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Badger Meter specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is Badger Meter's P/FCF ratio high or low?

Accepted Answer

Badger Meter's P/FCF ratio of 25.1× is below its own 5-year average of 41.4× and above the sector median of 24.3×. That places the current reading at the 4th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Badger Meter's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Badger Meter (BMI) P/FCF ratio has ranged from a low of 9.0× in 2002 to a high of 584.6× in 2010. The 5-year average is 41.4× and the 5-year median is 43.8×.

Question 7

What was Badger Meter's P/FCF ratio in 2025?

Accepted Answer

Badger Meter (BMI) P/FCF ratio at the end of 2025 was 30.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Badger Meter's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$5.12B	$170M	30.2×	-13.6×	Dec 31, 2025
2024	$6.23B	$142M	43.8×	-2.3×	Dec 31, 2024
2023	$4.52B	$98.1M	46.1×	+4.5×	Dec 31, 2023
2022	$3.19B	$76.5M	41.7×	+3.1×	Dec 31, 2022
2021	$3.11B	$80.8M	38.5×	+4.6×	Dec 31, 2021
2020	$2.73B	$80.5M	33.9×	+8.2×	Dec 31, 2020
2019	$1.89B	$73.2M	25.8×	-1.8×	Dec 31, 2019
2018	$1.43B	$51.7M	27.6×	-12.3×	Dec 31, 2018
2017	$1.38B	$34.7M	39.9×	+16.4×	Dec 31, 2017
2016	$1.07B	$45.6M	23.4×	-29.1×	Dec 31, 2016
2015	$844M	$16.1M	52.5×	+16.2×	Dec 31, 2015
2014	$850M	$23.4M	36.3×	-1.9×	Dec 31, 2014
2013	$784M	$20.5M	38.2×	+13.0×	Dec 31, 2013
2012	$671M	$26.6M	25.2×	+8.4×	Dec 31, 2012
2011	$436M	$26M	16.8×	-567.8×	Dec 31, 2011
2010	$661M	$1.13M	584.6×	+564.0×	Dec 31, 2010
2009	$593M	$28.8M	20.6×	—	Dec 31, 2009
2008	$426M	-$11.8M	—	—	Dec 31, 2008
2007	$647M	$12.3M	52.6×	-15.8×	Dec 31, 2007
2006	$389M	$5.69M	68.4×	+39.5×	Dec 31, 2006
2005	$269M	$9.27M	29.0×	—	Dec 31, 2005
2004	$201M	-$74K	—	—	Dec 31, 2004
2003	$125M	$7.03M	17.8×	+1.5×	Dec 31, 2003
2002	$103M	$6.32M	16.3×	—	Dec 31, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for Badger Meter (BMI) 2002-2026

P/FCF Ratio daily chart for Badger Meter (BMI)

Historical P/FCF Ratio for Badger Meter (BMI) from 2002 to 2025

About P/FCF Ratio at Badger Meter (BMI)

Badger Meter P/FCF Ratio by Year

Badger Meter P/FCF Ratio 2025: 30.2×

Badger Meter P/FCF Ratio 2024: 43.8×

Badger Meter P/FCF Ratio 2023: 46.1×

Badger Meter P/FCF Ratio 2022: 41.7×

Badger Meter P/FCF Ratio 2021: 38.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Badger Meter (BMI) Key Financials