Why Badger Meter (BMI) Stock Is Falling Today

What Happened?

Shares of water control and measure company Badger Meter (NYSE:BMI) fell 15.2% in the afternoon session after the company reported fourth-quarter revenue that fell short of Wall Street expectations, overshadowing an earnings beat. 

The water control and measurement company's sales rose 7.6% year-over-year to $220.7 million, but this figure missed analyst estimates of $232 million. Despite the top-line shortfall, Badger Meter posted a GAAP profit of $1.14 per share, which was 1.5% above the consensus forecast and up from $1.04 in the same quarter last year. However, investors appeared to focus on the significant revenue miss, sending the shares down sharply and indicating that the stronger-than-expected profitability was not enough to offset concerns about the company's sales performance.

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What Is The Market Telling Us

Badger Meter’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Badger Meter and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 2 days ago when the stock gained 2.5% on the news that analysts at Deutsche Bank highlighted the company as being well-positioned for 2026. 

The commentary came as part of a broader note on water technology stocks, which the bank noted had underperformed the wider market in 2025. According to the bank's analysts, this created an attractive entry point for investors. They viewed the sector as a "chicken cyclical" play, meaning it offered both the chance for a recovery and advantages from long-term growth. Specifically regarding Badger Meter, the bank stated that despite the stock lagging in the previous year, the company remained in a good position moving forward.

Badger Meter is down 20.8% since the beginning of the year, and at $139.68 per share, it is trading 45% below its 52-week high of $254.17 from June 2025. Investors who bought $1,000 worth of Badger Meter’s shares 5 years ago would now be looking at an investment worth $1,445.

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