Badger Meter stock falls 1.06 percent as Q2 revenue declines

Badger Meter stock was trading at USD 131.59 on the NYSE at 2:17 p.m. ET on September 24, 2026, down 1.06 percent from the prior close of USD 133.00. A Simply Wall St report dated September 24, 2026, highlighted a fiduciary duty probe involving the company leadership.

Q2 revenue falls 6.6 percent

Badger Meter reported second-quarter 2026 revenue of USD 220.30 million, down 6.6 percent from the same quarter of 2025, according to MarketBeat in its September 2026 report on the company. The decline followed a particularly strong prior-year comparison and gives the revenue trend greater weight than the single-session price move.

Quarterly EPS reached USD 1.02, compared with USD 1.01 consensus and USD 1.17 in the prior-year quarter. The USD 0.01 beat shows that earnings resilience partly offset the lower sales base, but the USD 0.15 year-over-year EPS decline points to tighter operating leverage.

Margins frame the valuation

Badger Meter generated USD 39.4 million in operating earnings during second-quarter 2026, while its operating margin was 18.0 percent. Net income was USD 29.7 million, equal to a 13.0 percent net margin for the reporting period.

The company combines water-meter systems with flow instrumentation and related data services. Its latest quarter therefore places the key investor question on project timing and sales conversion, because revenue declined while EPS remained above consensus.

Stock sits below yearly high

At USD 131.59, Badger Meter stock was USD 72.41 below its 52-week high of USD 204.00 and USD 19.50 above its 52-week low of USD 112.09 on September 24, 2026. The market capitalization was USD 3,814,524,166 at the same intraday timestamp.

The reference quote gives the company a measurable valuation backdrop for the leadership scrutiny reported on September 24. The combination of a 6.6 percent revenue decline, a USD 0.01 EPS beat and a price 35.5 percent below the 52-week high leaves operating execution as the central numerical checkpoint.

NYSE quote remains the reference

Badger Meter stock stood at USD 131.59 on the NYSE on September 24, 2026, at 2:17 p.m. ET. Badger Meter states on its investor website that its common stock trades on the New York Stock Exchange under the symbol BMI.