AIRJ vs BMI Stock Comparison

AirJoule Technologies and Badger Meter Prices as of Oct 23, 2026 Peers: Industry group
BMI Badger Meter Inc
$151.03 +14.0% 1M -19.1% 1Y
Market cap
$4.49B
P/E
35.5x
Revenue (TTM)
$881.24M
Div. yield
0.01%
Water Treatment Industrials
4 wins

Head to Head

4 decided of 12

Badger Meter leads on 4 of the 12 questions below (Badger Meter 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAIRJBMILeader
Larger companyMarket capitalisation $197.00M $4.49B BMI
Cheaper on earningsLower P/E, profitable companies only -2.3x 35.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 31.9x –
Faster revenue growthRevenue growth, trailing twelve months — -2.2% –
More profitableNet margin, trailing twelve months — 14.4% –
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months -44.3% -19.1% BMI
Better 5-year returnAnnualised price return, 5 years — +7.7%/yr –
Less volatileAnnualised volatility, 1 year 84.9% 49.4% BMI
Higher overall scoreMean of the five percentile scores vs peers 40/100 70/100 BMI

Percentile Scorecard

AIRJBMI

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

AxisAIRJBMI
Valuation 45 #12 of 21 55 #10 of 21
Growth 6 #18 of 19 61 #8 of 19
Profitability 44 #10 of 17 94 #2 of 17
Financial Health 95 #2 of 22 62 #9 of 22
Shareholder Returns 10 #10 of 11 80 #3 of 11
Overall 40 70
  • AIRJ ranked among 22 companies in Environmental Equipment
  • BMI ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodAIRJBMISPY
1 month -29.0%+14.0% -1.0%
3 months -29.5%+19.5% +2.9%
6 months -7.5%+24.0% +6.4%
Year to date -25.4%-13.4% +11.4%
1 year -44.3%-19.1% +13.1%
3 years -72.5%+10.3% +79.4%
3 years, per year -35.0%+3.3% +21.5%
5 years —+44.6% +67.7%
5 years, per year —+7.7% +10.9%
10 years —+377.3% +255.2%
10 years, per year —+16.9% +13.5%

Risk

MeasureAIRJBMISPY
Volatility, 1Y 84.9%49.4% 12.7%
Downside volatility, 1Y 74.8%55.9% 12.7%
Beta vs S&P 500, 1Y 2.560.64 1.00
Return / volatility, 1Y -0.52-0.39 1.03
Max drawdown, 5Y -91.4%-55.4% -25.4%
From 52-week high -54.1%-19.6% -2.5%
52-week high $6.40$187.87 $779.14
52-week low $2.51$113.41 $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.

MultipleAIRJBMI
P/E now vs peer median -2.4xmedian 25.9x 34.3xmedian 25.9x
P/S now vs peer median —median 2.5x 4.9xmedian 2.5x
EV/EBITDA now vs peer median -12.5xmedian 19.3x 20.9xmedian 19.3x
P/FCF now vs peer median -29.7xmedian 25.4x 30.3xmedian 25.4x
P/B now vs peer median 0.9xmedian 2.0x 6.6xmedian 2.0x
PEG now vs peer median 0.01median 1.53 2.32median 1.53

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 monthsAIRJBMI
Revenue – $881.24M
Gross profit – $366.94M
Operating income -$13.96M $165.34M
Net income -$84.79M $126.53M
Free cash flow -$7.26M $142.39M
R&D $607.33K –
EPS (diluted) $-1.22 $4.38
Cash & equivalents $41.42M $67.93M
Shares (diluted) 69.74M 28.87M
Enterprise value $76.63M $3.89B

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
MetricAIRJBMI
P/E -2.4x 34.3x
P/FCF -29.7x 30.3x
P/Operating cash flow -29.8x 27.2x
P/S – 4.9x
P/B 0.9x 6.6x
P/Tangible book -0.8x 8.7x
EV/EBITDA -12.5x 20.9x
EV/EBIT -12.5x 25.7x
EV/Revenue – 4.8x
EV/FCF -24.0x 29.8x
EV/Operating cash flow -24.1x 26.8x
PEG (3Y EPS CAGR) 0.01 2.32

Growth

14 metrics
MetricAIRJBMI
Revenue growth (1Y) – -2.2%
Revenue CAGR (3Y) – 9.6%
Gross profit growth (1Y) – -1.3%
Gross profit CAGR (3Y) – 11.9%
Operating income growth (1Y) -11.3% -7.9%
Operating income CAGR (3Y) -46.4% 15.1%
Net income growth (1Y) -322.5% -8.8%
Net income CAGR (3Y) -288.6% 14.0%
EPS growth (1Y) -292.0% -6.6%
EPS CAGR (3Y) -176.6% 14.8%
Operating cash flow growth (1Y) 18.3% -12.3%
Operating cash flow CAGR (3Y) -47.2% 15.9%
Free cash flow growth (1Y) 18.2% -14.4%
Free cash flow CAGR (3Y) -47.4% 16.2%

Profitability

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

Financial Health

11 metrics
MetricAIRJBMI
Debt / assets – –
Debt / equity – –
Net debt / EBITDA – –
Debt / FCF – –
Liabilities / assets 19.0% 31.0%
Equity / assets 81.0% 69.0%
Interest coverage – –
Current ratio 19.7x 2.5x
Quick ratio 18.9x 1.2x
Cash ratio 18.9x 0.5x
Altman Z-score – 11.68

Shareholder Returns

7 metrics
MetricAIRJBMI
Dividend yield – 1.1%
Net buyback yield -16.9% 2.8%
Shareholder yield -16.9% 3.8%
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.

ConsensusAIRJBMI
Forward P/E – 31.9xFY2026
EPS, next fiscal year $-1.05FY2026 $4.74FY2026
EPS growth, next FY – -1.0%FY2026
EPS growth, the year after – +9.5%
Revenue, next fiscal year $168.27KFY2026 $938.78MFY2026
Revenue growth, next FY +205.9%FY2026 +2.4%FY2026
Revenue growth, the year after +3,073.8% +10.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAIRJBMI
Held by institutions 24.6% 100.0%
Institutions holding 119 479
Change in shares held, QoQ +8.4% +7.9%
Institutions buying 84 254
Institutions selling 19 157
Buyers to sellers 4.42 1.62

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.

AIRJBMI
AIRJ 1.00 0.04
BMI 0.04 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, AIRJ and BMI?

Badger Meter (BMI) is the largest by market capitalisation: AirJoule Technologies (AIRJ) $197.00M, Badger Meter (BMI) $4.49B.

Which stock has performed better?

Over the past year Badger Meter (BMI) returned the most: AirJoule Technologies (AIRJ) -44.3%, Badger Meter (BMI) -19.1%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: AirJoule Technologies (AIRJ) 0.00%, Badger Meter (BMI) 0.01%. AirJoule Technologies (AIRJ) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Badger Meter (BMI) has been the steadiest (AirJoule Technologies (AIRJ) 84.9%, Badger Meter (BMI) 49.4%). Volatility measures how widely the price swings, not the risk of the business.

Do AIRJ and BMI move together?

Their daily returns over the past year have a correlation of 0.04, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, AIRJ and BMI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Badger Meter (BMI) leads on 4. 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.