AIRJ vs CDZI vs BMI Stock Comparison

AirJoule Technologies, Cadiz and Badger Meter Prices as of Oct 27, 2026 Peers: Industry group
CDZI Cadiz Inc
$4.65 +27.4% 1M -15.0% 1Y
Market cap
$383.71M
P/E
–
Revenue (TTM)
$14.34M
Div. yield
–
Water Treatment Industrials
1 win
BMI Badger Meter Inc
$151.82 +17.1% 1M -17.1% 1Y
Market cap
$4.34B
P/E
34.5x
Revenue (TTM)
$881.24M
Div. yield
1.08%
Water Treatment Industrials
6 wins

Head to Head

7 decided of 12

Badger Meter leads on 6 of the 12 questions below (Badger Meter 6, Cadiz 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAIRJCDZIBMILeader
Larger companyMarket capitalisation $214.17M $383.71M $4.34B BMI
Cheaper on earningsLower P/E, profitable companies only -2.4x -9.4x 34.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 32.1x –
Faster revenue growthRevenue growth, trailing twelve months — -4.8% -2.2% BMI
More profitableNet margin, trailing twelve months — -286.1% 14.4% BMI
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield — 0.00% 1.08% –
Better 1-year returnPrice return, last 12 months -44.4% -15.0% -17.1% CDZI
Better 5-year returnAnnualised price return, 5 years — -5.6%/yr +8.3%/yr BMI
Less volatileAnnualised volatility, 1 year 85.0% 66.8% 49.5% BMI
Higher overall scoreMean of the five percentile scores vs peers 41/100 25/100 70/100 BMI

Percentile Scorecard

AIRJCDZIBMI

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

AxisAIRJCDZIBMI
Valuation 50 #11 of 21 20 #17 of 21 55 #10 of 21
Growth 6 #18 of 19 39 #12 of 19 61 #8 of 19
Profitability 44 #10 of 17 19 #14 of 17 94 #2 of 17
Financial Health 95 #2 of 22 24 #17 of 22 62 #9 of 22
Shareholder Returns 11 #9 of 10 – 78 #3 of 10
Overall 41 25 70
  • AIRJ ranked among 22 companies in Environmental Equipment
  • CDZI 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

PeriodAIRJCDZIBMISPY
1 month -28.6%+27.4%+17.1% -0.2%
3 months -32.6%+51.0%+12.8% +3.9%
6 months -7.0%+5.0%+28.2% +8.2%
Year to date -25.9%-17.1%-13.0% +12.9%
1 year -44.4%-15.0%-17.1% +12.3%
3 years -72.7%+68.5%+10.1% +87.4%
3 years, per year -35.1%+19.0%+3.3% +23.3%
5 years —-25.1%+48.8% +67.9%
5 years, per year —-5.6%+8.3% +10.9%
10 years —-36.3%+381.5% +261.1%
10 years, per year —-4.4%+17.0% +13.7%

Risk

MeasureAIRJCDZIBMISPY
Volatility, 1Y 85.0%66.8%49.5% 12.7%
Downside volatility, 1Y 75.0%64.5%55.9% 12.7%
Beta vs S&P 500, 1Y 2.571.450.67 1.00
Return / volatility, 1Y -0.52-0.22-0.35 0.97
Max drawdown, 5Y -91.4%-75.0%-55.4% -25.4%
From 52-week high -54.4%-32.8%-19.2% -1.2%
52-week high $6.40$6.92$187.87 $779.14
52-week low $2.51$2.98$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.

MultipleAIRJCDZIBMI
P/E now vs peer median -2.4xmedian 25.6x -9.5xmedian 25.6x 34.5xmedian 25.6x
P/S now vs peer median —median 2.4x 27.3xmedian 2.4x 4.9xmedian 2.4x
EV/EBITDA now vs peer median -12.4xmedian 16.7x —median 16.7x 21.0xmedian 16.7x
P/FCF now vs peer median -29.5xmedian 23.6x —median 23.6x 30.5xmedian 23.6x
P/B now vs peer median 0.9xmedian 2.0x 83.9xmedian 2.0x 6.7xmedian 2.0x
PEG now vs peer median 0.01median 1.68 2.27median 1.68 2.33median 1.68

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 monthsAIRJCDZIBMI
Revenue – $14.34M $881.24M
Gross profit – $4.25M $366.94M
Operating income -$13.96M -$26.90M $165.34M
Net income -$84.79M -$35.98M $126.53M
Free cash flow -$7.26M – $142.39M
R&D $607.33K – –
EPS (diluted) $-1.22 $-1,199.69 $4.38
Cash & equivalents $41.42M $5.32M $67.93M
Total debt – $278.50M –
Shares (diluted) 69.74M 34.19K 28.87M
Enterprise value $93.80M $352.16M $3.74B

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
MetricAIRJCDZIBMI
P/E -2.4x -9.5x 34.5x
P/FCF -29.5x – 30.5x
P/Operating cash flow -29.6x – 27.3x
P/S – 27.3x 4.9x
P/B 0.9x 83.9x 6.7x
P/Tangible book -0.8x 83.9x 8.8x
EV/EBITDA -12.4x – 21.0x
EV/EBIT -12.4x -17.6x 25.8x
EV/Revenue – 33.0x 4.8x
EV/FCF -23.8x – 30.0x
EV/Operating cash flow -23.9x – 26.9x
PEG (3Y EPS CAGR) 0.01 2.27 2.33

Growth

14 metrics
MetricAIRJCDZIBMI
Revenue growth (1Y) – -4.8% -2.2%
Revenue CAGR (3Y) – 89.3% 9.6%
Gross profit growth (1Y) – -12.7% -1.3%
Gross profit CAGR (3Y) – 97.5% 11.9%
Operating income growth (1Y) -11.3% -8.9% -7.9%
Operating income CAGR (3Y) -46.4% -12.0% 15.1%
Net income growth (1Y) -322.5% -9.9% -8.8%
Net income CAGR (3Y) -288.6% -4.9% 14.0%
EPS growth (1Y) -292.0% -8.4% -6.6%
EPS CAGR (3Y) -176.6% -4.2% 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
MetricAIRJCDZIBMI
Gross margin – 29.6% 41.6%
EBITDA margin – – 23.1%
Operating margin – -187.6% 18.8%
Pretax margin – -250.5% 19.1%
Net margin – -286.1% 14.4%
FCF margin – – 16.2%
Operating cash flow margin – – 18.0%
Return on equity -34.6% -257.3% 19.0%
Return on assets -28.1% -26.1% 13.0%
Return on invested capital – – –
Return on capital employed -4.7% -21.0% 20.1%
Asset turnover – 0.1x 0.9x
Cash conversion (OCF / net income) 0.1x – 1.3x
Stock comp / revenue – – 1.2%

Financial Health

11 metrics
MetricAIRJCDZIBMI
Debt / assets – 64.5% –
Debt / equity – 18.6x –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 19.0% 96.5% 31.0%
Equity / assets 81.0% 3.5% 69.0%
Interest coverage – -2.9x –
Current ratio 19.7x 1.2x 2.5x
Quick ratio 18.9x 0.9x 1.2x
Cash ratio 18.9x 0.5x 0.5x
Altman Z-score – -6.13 11.73

Shareholder Returns

7 metrics
MetricAIRJCDZIBMI
Dividend yield – – 1.1%
Net buyback yield -17.0% – 2.7%
Shareholder yield -17.0% – 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.

ConsensusAIRJCDZIBMI
Forward P/E – – 32.1xFY2026
EPS, next fiscal year $-1.05FY2026 $-0.54FY2026 $4.73FY2026
EPS growth, next FY – – -1.3%FY2026
EPS growth, the year after – – +10.4%
Revenue, next fiscal year $168.27KFY2026 $8.61MFY2026 $930.20MFY2026
Revenue growth, next FY +205.9%FY2026 -47.2%FY2026 +1.5%FY2026
Revenue growth, the year after +3,073.8% +109.5% +10.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAIRJCDZIBMI
Held by institutions 24.6% 46.7% 100.0%
Institutions holding 119 117 479
Change in shares held, QoQ +8.4% +4.0% +7.9%
Institutions buying 84 54 254
Institutions selling 19 39 157
Buyers to sellers 4.42 1.38 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.

AIRJCDZIBMI
AIRJ 1.00 0.25 0.04
CDZI 0.25 1.00 0.10
BMI 0.04 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AIRJ, CDZI and BMI?

Badger Meter (BMI) is the largest by market capitalisation: AirJoule Technologies (AIRJ) $214.17M, Cadiz (CDZI) $383.71M, Badger Meter (BMI) $4.34B.

Which company is growing faster?

Badger Meter (BMI) grew revenue fastest over the trailing twelve months: Cadiz (CDZI) -4.8%, Badger Meter (BMI) -2.2%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Cadiz (CDZI) -286.1%, Badger Meter (BMI) 14.4%).

Which stock has performed better?

Over the past year Cadiz (CDZI) returned the most: AirJoule Technologies (AIRJ) -44.4%, Cadiz (CDZI) -15.0%, Badger Meter (BMI) -17.1%. Over five years, Badger Meter (BMI) compounded fastest (Cadiz (CDZI) -5.6%/yr, Badger Meter (BMI) +8.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Cadiz (CDZI) 0.00%, Badger Meter (BMI) 1.08%. AirJoule Technologies (AIRJ) and Cadiz (CDZI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Badger Meter (BMI) has been the steadiest (AirJoule Technologies (AIRJ) 85.0%, Cadiz (CDZI) 66.8%, Badger Meter (BMI) 49.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AIRJ, CDZI 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 6. 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.