AIRJ vs BMI vs NWPX Stock Comparison

AirJoule Technologies, Badger Meter and NWPX Infrastructure Prices as of Oct 29, 2026 Peers: Industry group
BMI Badger Meter Inc
$149.66 +18.8% 1M -18.2% 1Y
Market cap
$4.27B
P/E
34.0x
Revenue (TTM)
$881.24M
Div. yield
1.10%
Water Treatment Industrials
2 wins

Head to Head

9 decided of 12

NWPX Infrastructure leads on 7 of the 12 questions below (NWPX Infrastructure 7, Badger Meter 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAIRJBMINWPXLeader
Larger companyMarket capitalisation $200.97M $4.27B $943.80M BMI
Cheaper on earningsLower P/E, profitable companies only -2.3x 34.0x 17.7x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 31.6x 18.9x NWPX
Faster revenue growthRevenue growth, trailing twelve months — -2.2% +15.9% NWPX
More profitableNet margin, trailing twelve months — 14.4% 8.9% BMI
Better return on capitalReturn on invested capital — — 12.5% –
Less leveragedLower net debt / EBITDA — — 0.2x –
Higher dividend yieldTrailing dividend yield — 1.10% — –
Better 1-year returnPrice return, last 12 months -46.9% -18.2% +76.0% NWPX
Better 5-year returnAnnualised price return, 5 years — +7.9%/yr +32.8%/yr NWPX
Less volatileAnnualised volatility, 1 year 85.3% 49.9% 40.0% NWPX
Higher overall scoreMean of the five percentile scores vs peers 41/100 73/100 80/100 NWPX

Percentile Scorecard

AIRJBMINWPX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAIRJBMINWPX
Valuation 45 #12 of 21 60 #9 of 21 100 #1 of 21
Growth 6 #18 of 19 67 #7 of 19 94 #2 of 19
Profitability 47 #9 of 16 100 #1 of 16 80 #4 of 16
Financial Health 95 #2 of 21 60 #9 of 21 70 #7 of 21
Shareholder Returns 11 #9 of 10 78 #3 of 10 56 #5 of 10
Overall 41 73 80
  • AIRJ ranked among 22 companies in Environmental Equipment
  • BMI ranked among 22 companies in Environmental Equipment
  • NWPX ranked among 22 companies in Environmental Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAIRJBMINWPXSPY
1 month -30.6%+18.8%-4.3% +0.7%
3 months -37.6%+14.6%-22.8% +3.7%
6 months -11.0%+23.8%-0.3% +7.1%
Year to date -30.5%-14.2%+56.8% +12.8%
1 year -46.9%-18.2%+76.0% +11.9%
3 years -74.3%+8.8%+253.8% +85.2%
3 years, per year -36.5%+2.8%+52.4% +22.8%
5 years —+46.4%+312.5% +67.6%
5 years, per year —+7.9%+32.8% +10.9%
10 years —+372.1%+647.0% +262.0%
10 years, per year —+16.8%+22.3% +13.7%

Risk

MeasureAIRJBMINWPXSPY
Volatility, 1Y 85.3%49.9%40.0% 12.7%
Downside volatility, 1Y 75.6%56.4%34.4% 12.6%
Beta vs S&P 500, 1Y 2.590.641.30 1.00
Return / volatility, 1Y -0.55-0.371.90 0.94
Max drawdown, 5Y -91.4%-55.4%-35.8% -25.4%
From 52-week high -57.2%-20.3%-34.6% -1.2%
52-week high $6.40$187.87$149.94 $779.14
52-week low $2.51$113.41$53.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAIRJBMINWPX
P/E now vs peer median -2.3xmedian 25.4x 34.0xmedian 25.4x 17.7xmedian 25.4x
P/S now vs peer median —median 2.5x 4.9xmedian 2.5x 1.6xmedian 2.5x
EV/EBITDA now vs peer median -11.4xmedian 17.9x 20.7xmedian 17.9x 10.3xmedian 17.9x
P/FCF now vs peer median -27.7xmedian 22.3x 30.0xmedian 22.3x 10.9xmedian 22.3x
P/B now vs peer median 0.8xmedian 1.8x 6.6xmedian 1.8x 2.2xmedian 1.8x
PEG now vs peer median 0.01median 1.73 2.30median 1.73 0.54median 1.73

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAIRJBMINWPX
Revenue – $881.24M $602.76M
Gross profit – $366.94M $125.97M
Operating income -$13.96M $165.34M $71.15M
Net income -$84.79M $126.53M $53.48M
Free cash flow -$7.26M $142.39M $86.83M
R&D $607.33K – –
EPS (diluted) $-1.22 $4.38 $5.45
Cash & equivalents $41.42M $67.93M $6.06M
Total debt – – $21.50M
Shares (diluted) 69.74M 28.87M 9.81M
Enterprise value $80.60M $3.68B $901.89M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAIRJBMINWPX
P/E -2.3x 34.0x 17.7x
P/FCF -27.7x 30.0x 10.9x
P/Operating cash flow -27.8x 26.9x 8.8x
P/S – 4.9x 1.6x
P/B 0.8x 6.6x 2.2x
P/Tangible book -0.8x 8.7x 2.3x
EV/EBITDA -11.4x 20.7x 10.3x
EV/EBIT -11.4x 25.4x 13.5x
EV/Revenue – 4.8x 1.6x
EV/FCF -22.0x 29.5x 11.0x
EV/Operating cash flow -22.1x 26.5x 9.0x
PEG (3Y EPS CAGR) 0.01 2.30 0.54

Growth

14 metrics
MetricAIRJBMINWPX
Revenue growth (1Y) – -2.2% 15.9%
Revenue CAGR (3Y) – 9.6% 11.0%
Gross profit growth (1Y) – -1.3% 26.8%
Gross profit CAGR (3Y) – 11.9% 16.2%
Operating income growth (1Y) -11.3% -7.9% 47.2%
Operating income CAGR (3Y) -46.4% 15.1% 25.2%
Net income growth (1Y) -322.5% -8.8% 46.0%
Net income CAGR (3Y) -288.6% 14.0% 31.4%
EPS growth (1Y) -292.0% -6.6% 46.1%
EPS CAGR (3Y) -176.6% 14.8% 32.7%
Operating cash flow growth (1Y) 18.3% -12.3% 58.5%
Operating cash flow CAGR (3Y) -47.2% 15.9% 43.1%
Free cash flow growth (1Y) 18.2% -14.4% 80.1%
Free cash flow CAGR (3Y) -47.4% 16.2% 92.6%

Profitability

14 metrics
MetricAIRJBMINWPX
Gross margin – 41.6% 20.9%
EBITDA margin – 23.1% 15.4%
Operating margin – 18.8% 11.8%
Pretax margin – 19.1% 11.4%
Net margin – 14.4% 8.9%
FCF margin – 16.2% 14.4%
Operating cash flow margin – 18.0% 17.7%
Return on equity -34.6% 19.0% 12.5%
Return on assets -28.1% 13.0% 7.9%
Return on invested capital – – 12.5%
Return on capital employed -4.7% 20.1% 12.9%
Asset turnover – 0.9x 0.9x
Cash conversion (OCF / net income) 0.1x 1.3x 2.0x
Stock comp / revenue – 1.2% 1.2%

Financial Health

11 metrics
MetricAIRJBMINWPX
Debt / assets – – 3.1%
Debt / equity – – 0.0x
Net debt / EBITDA – – 0.2x
Debt / FCF – – 0.2x
Liabilities / assets 19.0% 31.0% 37.0%
Equity / assets 81.0% 69.0% 63.0%
Interest coverage – – 48.6x
Current ratio 19.7x 2.5x 2.6x
Quick ratio 18.9x 1.2x 1.8x
Cash ratio 18.9x 0.5x 0.0x
Altman Z-score – 11.60 4.40

Shareholder Returns

7 metrics
MetricAIRJBMINWPX
Dividend yield – 1.1% –
Net buyback yield -18.1% 2.8% 0.7%
Shareholder yield -18.1% 3.9% 0.7%
Payout ratio (earnings) – 37.7% –
Payout ratio (FCF) – 33.5% –
Dividend growth (1Y) – 14.1% –
Dividend CAGR (3Y) – 19.8% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAIRJBMINWPX
Forward P/E – 31.6xFY2026 18.9xFY2026
EPS, next fiscal year $-1.05FY2026 $4.73FY2026 $5.19FY2026
EPS growth, next FY – -1.3%FY2026 +45.8%FY2026
EPS growth, the year after – +10.4% -7.5%
Revenue, next fiscal year $168.27KFY2026 $930.20MFY2026 $573.90MFY2026
Revenue growth, next FY +205.9%FY2026 +1.5%FY2026 +9.1%FY2026
Revenue growth, the year after +3,073.8% +10.4% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAIRJBMINWPX
Held by institutions 24.6% 100.0% 89.5%
Institutions holding 119 480 225
Change in shares held, QoQ +8.4% +7.9% +4.6%
Institutions buying 84 254 125
Institutions selling 19 157 65
Buyers to sellers 4.42 1.62 1.92

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AIRJBMINWPX
AIRJ 1.00 0.03 0.27
BMI 0.03 1.00 0.16
NWPX 0.27 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AIRJ, BMI and NWPX?

Badger Meter (BMI) is the largest by market capitalisation: AirJoule Technologies (AIRJ) $200.97M, Badger Meter (BMI) $4.27B, NWPX Infrastructure (NWPX) $943.80M.

Which stock is cheaper, AIRJ, BMI and NWPX?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (AirJoule Technologies (AIRJ) -2.3x, Badger Meter (BMI) 34.0x, NWPX Infrastructure (NWPX) 17.7x). On next year's consensus earnings, NWPX Infrastructure (NWPX) is cheapest (Badger Meter (BMI) 31.6x, NWPX Infrastructure (NWPX) 18.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

NWPX Infrastructure (NWPX) grew revenue fastest over the trailing twelve months: Badger Meter (BMI) -2.2%, NWPX Infrastructure (NWPX) +15.9%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Badger Meter (BMI) 14.4%, NWPX Infrastructure (NWPX) 8.9%).

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: AirJoule Technologies (AIRJ) -46.9%, Badger Meter (BMI) -18.2%, NWPX Infrastructure (NWPX) +76.0%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (Badger Meter (BMI) +7.9%/yr, NWPX Infrastructure (NWPX) +32.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Badger Meter (BMI) 1.10%. AirJoule Technologies (AIRJ) and NWPX Infrastructure (NWPX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, NWPX Infrastructure (NWPX) has been the steadiest (AirJoule Technologies (AIRJ) 85.3%, Badger Meter (BMI) 49.9%, NWPX Infrastructure (NWPX) 40.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AIRJ, BMI and NWPX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, NWPX Infrastructure (NWPX) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.