Badger Meter has leveraged more than 115 years of engineering expertise to transform the water-utility sector with advanced metering infrastructure. Founded in 1905 to build frost-resistant mechanical meters for Great Lakes utilities, the Milwaukee-based company has since pioneered ultrasonic flow measurement and edge-computing sensors. Today, its BlueEdge™ platform integrates hardware, cloud-based analytics and cellular communications to monitor over 60 water-quality parameters in real time. Longtime investors point to a 100-bagger return over the past three decades, underscoring the firm’s consistent R&D investments and vertical integration strategy across North America, Europe and Asia.

On December 15, Barclays initiated coverage of Badger Meter with an underweight rating and a sub-15% downside projection to its target of $157 per share. The analyst cited a premium multiple—currently near 39 times trailing earnings versus a five-year average of 50 times—and strained municipal budgets as headwinds to the company’s mid-single-digit revenue growth forecast. Offsetting concerns, Badger Meter operates with zero net debt, maintains a 41% gross margin and delivers more than $200 million in annual free cash flow, positioning it as a defensive industrial-tech play for conservative portfolios.

Badger Meter will release fourth-quarter and full-year 2025 results before markets open on January 28, 2026, followed by a 10:00 am CT webcast and conference call. Investors can access the listen-only live stream and a replay, available through January 28, 2027, on the company’s investor relations site. The upcoming report is expected to detail fiscal 2025 revenue growth of approximately 6%, operating margin expansion driven by software-subscription sales and preliminary guidance for low-double-digit organic revenue growth in 2026.