Badger Meter Management
Management criteria checks 3/4
Badger Meter's CEO is Ken Bockhorst, appointed in Apr 2018, has a tenure of 7.75 years. total yearly compensation is $5.08M, comprised of 16.3% salary and 83.7% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $6.41M. The average tenure of the management team and the board of directors is 1 years and 6.9 years respectively.
Key information
Ken Bockhorst
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 16.32% |
| CEO tenure | 7.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 1yr |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
Badger Meter: Deserving Of An Upgrade Following A Healthy Value Contraction (Rating Upgrade)
Jan 10Risks To Shareholder Returns Are Elevated At These Prices For Badger Meter, Inc. (NYSE:BMI)
Jan 07
Calculating The Intrinsic Value Of Badger Meter, Inc. (NYSE:BMI)
Sep 23Badger Meter's (NYSE:BMI) Dividend Will Be Increased To $0.40
Aug 16More Unpleasant Surprises Could Be In Store For Badger Meter, Inc.'s (NYSE:BMI) Shares After Tumbling 25%
Aug 03Should You Be Adding Badger Meter (NYSE:BMI) To Your Watchlist Today?
Jul 19Subdued Growth No Barrier To Badger Meter, Inc. (NYSE:BMI) With Shares Advancing 33%
May 04Badger Meter, Inc. Just Recorded A 26% EPS Beat: Here's What Analysts Are Forecasting Next
Apr 21We Discuss Why The CEO Of Badger Meter, Inc. (NYSE:BMI) Is Due For A Pay Rise
Apr 19Calculating The Intrinsic Value Of Badger Meter, Inc. (NYSE:BMI)
Apr 06Returns on Capital Paint A Bright Future For Badger Meter (NYSE:BMI)
Mar 23Badger Meter: An Impressive, Yet Expensive Performer
Mar 20Is Now An Opportune Moment To Examine Badger Meter, Inc. (NYSE:BMI)?
Mar 05Here's What Analysts Are Forecasting For Badger Meter, Inc. (NYSE:BMI) After Its Yearly Results
Feb 18Badger Meter: Risk/Reward Skew More Balanced, Can't Overlook Embedded Expectations
Jan 08Badger Meter: Slowing Growth And A High Price Tag
Oct 24
Innovating In Smart Water Solutions Elevates Revenue And Market Prospects Amid Challenges
The company's successful revenue growth and high operating margins hint at robust market demand and operational efficiency, signaling potential for further earnings increases.Badger Meter: Compounding Intrinsic Worth At Attractive Rates
Aug 21Badger Meter: Beware The Backlog
Mar 20Badger Meter: Continued Return Potential From ROE, FCF/Share, And Dividends
Jan 12Badger Meter: Thriving On Backlog Delivery And Healthy Capex Budgets, But Overvalued
Oct 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$139m |
| Jun 30 2025 | n/a | n/a | US$136m |
| Mar 31 2025 | n/a | n/a | US$134m |
| Dec 31 2024 | US$5m | US$830k | US$125m |
| Sep 30 2024 | n/a | n/a | US$119m |
| Jun 30 2024 | n/a | n/a | US$113m |
| Mar 31 2024 | n/a | n/a | US$102m |
| Dec 31 2023 | US$5m | US$750k | US$93m |
| Sep 30 2023 | n/a | n/a | US$85m |
| Jun 30 2023 | n/a | n/a | US$77m |
| Mar 31 2023 | n/a | n/a | US$72m |
| Dec 31 2022 | US$4m | US$675k | US$66m |
| Sep 30 2022 | n/a | n/a | US$66m |
| Jun 30 2022 | n/a | n/a | US$64m |
| Mar 31 2022 | n/a | n/a | US$61m |
| Dec 31 2021 | US$4m | US$640k | US$61m |
| Sep 30 2021 | n/a | n/a | US$57m |
| Jun 30 2021 | n/a | n/a | US$56m |
| Mar 31 2021 | n/a | n/a | US$51m |
| Dec 31 2020 | US$2m | US$594k | US$49m |
| Sep 30 2020 | n/a | n/a | US$49m |
| Jun 30 2020 | n/a | n/a | US$46m |
| Mar 31 2020 | n/a | n/a | US$48m |
| Dec 31 2019 | US$2m | US$575k | US$47m |
Compensation vs Market: Ken's total compensation ($USD5.08M) is below average for companies of similar size in the US market ($USD8.03M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
CEO
Ken Bockhorst (52 yo)
Mr. Kenneth C. Bockhorst, also known as Ken, has been the Chief Executive Officer of Badger Meter, Inc. since January 1, 2019 and has been its President since April 27, 2018. He serves as Independent Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.8yrs | US$5.08m | 0.12% $ 6.4m | |
| Vice President of Global Operations | 3yrs | US$819.90k | 0.0051% $ 264.5k | |
| Vice President of Human Resources | 5.3yrs | US$924.82k | 0.016% $ 814.6k | |
| Executive Vice President of North America Municipal Utility | no data | US$1.81m | 0.061% $ 3.1m | |
| VP, CFO & Treasurer | no data | no data | 0.016% $ 837.2k | |
| Senior Director of Investor Relations | 1yr | no data | no data | |
| VP, General Counsel & Secretary | 22.3yrs | US$659.09k | 0.084% $ 4.3m | |
| Executive VP of SaaS | no data | no data | 0.019% $ 982.8k | |
| VP & Controller | no data | no data | no data |
Experienced Management: BMI's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.3yrs | US$5.08m | 0.12% $ 6.4m | |
| Lead Outside Independent Director | 8.9yrs | US$164.96k | 0.026% $ 1.3m | |
| Independent Director | 5.9yrs | US$147.96k | 0.013% $ 688.0k | |
| Independent Director | 8.9yrs | US$154.96k | no data | |
| Independent Director | 9.2yrs | US$147.96k | 0.026% $ 1.3m | |
| Independent Director | 3.4yrs | US$157.96k | no data | |
| Independent Director | 3.9yrs | US$147.96k | 0.0077% $ 398.8k | |
| Independent Director | 6.9yrs | US$147.96k | 0.017% $ 866.0k | |
| Independent Director | 4.4yrs | US$147.96k | 0.0077% $ 398.8k |
Experienced Board: BMI's board of directors are considered experienced (6.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/11 19:06 |
| End of Day Share Price | 2026/01/09 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Badger Meter, Inc. is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Robert Mason | Baird |
| William Grippin | Barclays |