Is BADGER METER INC (BMI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 5.2% / 30% | 2.6% / 30% | 0.56% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 5.2% / 33% | 2.6% / 33% | 0.56% / 5% | ✓ HALAL |
| MSCI | 0.0% / 33% | 23.2% / 33% | 11.5% / 33% | 0.56% / 5% | ✓ HALAL |
| S&P | 0.0% / 33% | 5.2% / 33% | 2.6% / 33% | 0.56% / 5% | ✓ HALAL |
| FTSE | 0.0% / 33% | 23.2% / 33% | 11.5% / 50% | 0.56% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 41.7% | |
| Operating Margin | 19.5% | |
| Net Margin | 15.5% | |
| Return on Equity (ROE) | 21.5% | |
| Return on Assets (ROA) | 12.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $184M |
| Free Cash Flow | $170M |
| Debt-to-Equity | 1.8 |
| Current Ratio | 3.4 |
| Total Assets | $974M |
Price & Trading
| Last Close | $151.18 |
| 50-Day MA | $154.19 |
| 200-Day MA | $182.82 |
| Avg Volume | 391K |
| Beta | 0.9 |
|
52-Week Range
$139.14
| |
About BADGER METER INC (BMI)
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market. It also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water user to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software to employees, resellers, and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.
Purification Calculator
As a halal stock with 0.56% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is BADGER METER INC (BMI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BADGER METER INC is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BADGER METER INC's debt ratio?
BADGER METER INC's debt ratio is 0.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.0%.
Does BADGER METER INC require dividend purification?
Yes, BADGER METER INC has an impermissible income ratio of 0.56%, which means 0.56% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are BADGER METER INC's key financial metrics?
BADGER METER INC has a market capitalization of $4.3B, trailing P/E ratio of 30.4, and revenue of $917M. The company maintains a gross margin of 41.7% and a net margin of 15.5%. Return on equity stands at 21.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.