Shares Outstanding for Badger Meter (BMI)
According to Badger Meter's latest reported financial statements, the company's latest reported diluted shares outstanding is 29.37M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

BMI
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Latest period
29.37M
YoY change
+0.1%
5Y CAGR
+0.2%
Peak year (1997)
31.52M
Latest annual
29.57M
Shares Outstanding history chart for Badger Meter (BMI) from 1985 to 2025
Shares Outstanding history table for Badger Meter (BMI) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 29.57M | +0.1% | ||
| 2024 | 29.53M | +0.3% | ||
| 2023 | 29.46M | +0.3% | ||
| 2022 | 29.38M | +0.1% | ||
| 2021 | 29.34M | +0.4% | ||
| 2020 | 29.23M | +0.0% | ||
| 2019 | 29.22M | +0.1% | ||
| 2018 | 29.19M | +0.3% | ||
| 2017 | 29.11M | +0.2% | ||
| 2016 | 29.05M | +0.5% | ||
| 2015 | 28.89M | +0.5% | ||
| 2014 | 28.76M | -0.4% | ||
| 2013 | 28.88M | +0.3% | ||
| 2012 | 28.80M | -4.3% | ||
| 2011 | 30.10M | +0.3% | ||
| 2010 | 30.01M | +0.3% | ||
| 2009 | 29.91M | +0.8% | ||
| 2008 | 29.67M | +1.5% | ||
| 2007 | 29.23M | +1.6% | ||
| 2006 | 28.78M | +2.6% | ||
| 2005 | 28.04M | +3.3% | ||
| 2004 | 27.14M | +3.9% | ||
| 2003 | 26.13M | -1.2% | ||
| 2002 | 26.43M | +0.9% | ||
| 2001 | 26.20M | -5.6% | ||
| 2000 | 27.76M | -7.0% | ||
| 1999 | 29.85M | -3.5% | ||
| 1998 | 30.94M | -1.8% | ||
| 1997 | 31.52M | +7.4% | ||
| 1996 | 29.35M | +5.1% | ||
| 1995 | 27.92M | +1.4% | ||
| 1994 | 27.53M | +0.1% | ||
| 1993 | 27.50M | +0.5% | ||
| 1992 | 27.37M | +4.8% | ||
| 1991 | 26.12M | +3.6% | ||
| 1990 | 25.21M | +1.1% | ||
| 1989 | 24.94M | +2.4% | ||
| 1988 | 24.35M | +3.1% | ||
| 1987 | 23.61M | -1.6% | ||
| 1986 | 24.00M | +6.2% | ||
| 1985 | 22.61M | — |
Shares Outstanding values are taken from Badger Meter's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Badger Meter (BMI) diluted shares outstanding totalled 29.57M – edged up 0.1% year-over-year.
Badger Meter diluted shares outstanding has grown for 11 consecutive years, with a +0.2% compound annual growth rate over 2020–2025 (5 years).
Between 1997 and 2025, Badger Meter diluted shares outstanding declined 6.2%, falling from 31.52M to 29.57M.
31.52M stands as the all-time-high annual diluted shares outstanding, posted in 1997, against a low of 22.61M during 1985.
Within Technology, Badger Meter (BMI) ranks 9th among 8 peers we track. The peer median for diluted shares outstanding is 5.02B.
Badger Meter Shares Outstanding by Year
Badger Meter Shares Outstanding 2025: 29.57M
Badger Meter diluted shares outstanding in 2025 was 29.57M, edged up 0.1% from 2024.
Badger Meter Shares Outstanding 2024: 29.53M
Badger Meter diluted shares outstanding in 2024 was 29.53M, edged up 0.3% from 2023.
Badger Meter Shares Outstanding 2023: 29.46M
Badger Meter diluted shares outstanding in 2023 was 29.46M, edged up 0.3% from 2022.
Badger Meter Shares Outstanding 2022: 29.38M
Badger Meter diluted shares outstanding in 2022 was 29.38M, edged up 0.1% from 2021.
Badger Meter Shares Outstanding 2021: 29.34M
Badger Meter diluted shares outstanding in 2021 was 29.34M.
See more financial history for Badger Meter (BMI).
Sector peers — Shares Outstanding
Companies in the same sector as Badger Meter, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | 24.43B | Technology |
| Apple Inc. (AAPL) | 15.00B | Technology |
| Microsoft Corporation (MSFT) | 7.46B | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | 5.19B | Technology |
| Broadcom Inc. (AVGO) | 4.85B | Technology |
| Advanced Micro Devices, Inc. (AMD) | 1.64B | Technology |
| Micron Technology, Inc. (MU) | 1.13B | Technology |
| ASML Holding N.V. (ASML) | 388.90M | Technology |
Frequently asked questions
What is Badger Meter's diluted shares outstanding?
- Latest reported diluted shares outstanding for Badger Meter (BMI) is 29.37M (period ending March 31, 2026).
How has Badger Meter diluted shares outstanding changed year-over-year?
- Badger Meter (BMI) diluted shares outstanding changed +0.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Badger Meter diluted shares outstanding?
- Badger Meter (BMI) diluted shares outstanding compound annual growth rate is +0.2% over the most recent 5 years available.
When did Badger Meter diluted shares outstanding hit its highest annual value?
- Badger Meter diluted shares outstanding reached its highest annual value of 31.52M in 1997.
What was Badger Meter diluted shares outstanding in 2024?
- Badger Meter (BMI) diluted shares outstanding in 2024 was 29.53M.
What was Badger Meter diluted shares outstanding in 2025?
- Badger Meter (BMI) diluted shares outstanding in 2025 was 29.57M.
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