Badger Meter price to free cash flow BMI

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 29.2×
10-year median: 35.9×
Against its 10-year history: 31st; percentile: 0 is its lowest day, 100 its highest
10-year range: 18.2× to 67.0×
Peer median: 19.8×

Badger Meter's price to free cash flow is 29.2× as of Oct 23, 2026.

That is below its ten-year median of 35.9×, lower than on 69% of days in the last ten years.

Over that time it ranged from 18.2× in Mar 2020 to 67.0× in Sep 2018.

The median for 10 medical instruments and supplies stocks of a similar size is 19.8×.

Price to free cash flow over time

median 35.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	29.2×	19.7×	31.3×
2025	32.0×	31.2×	48.4×
2024	48.5×	45.4×	57.1×
2023	49.9×	42.6×	58.5×
2022	43.0×	30.3×	46.0×
2021	46.3×	31.2×	47.6×
2020	32.0×	18.2×	32.0×
2019	25.8×	21.3×	53.5×
2018	42.4×	28.5×	67.0×
2017	29.2×	22.5×	34.0×
2016	32.0×	27.5×	64.0×
2015	45.2×	27.1×	47.1×
2014	41.9×	27.6×	47.8×
2013	30.0×	23.0×	36.6×
2012	29.0×	16.2×	29.4×

Against its peers

Companies in Medical - Instruments & Supplies nearest Badger Meter's size, closest first, today.

Company	Price to free cash flow
BMIBadger Meter	29.2×
ICUIICU Medical	27.3×
VNTVontier	12.1×
NVSTEnvista	15.3×
HAEHaemonetics	18.5×
MMSIMerit Medical Systems	27.4×
WRBYWarby Parker	147×
ATRCAtriCure	56.5×
MSAMSA Safety	19.8×
UFPTUFP Technologies	n/m
INSPInspire Medical Systems	17.6×
Peer median	19.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Badger Meter

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.