BMI vs CDZI vs EFXT Stock Comparison

Badger Meter, Cadiz and Enerflex Prices as of Oct 27, 2026 Peers: Industry group
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BMI Badger Meter Inc
$151.82 +17.1% 1M -17.1% 1Y
Market cap
$4.08B
P/E
32.3x
Revenue (TTM)
$881.24M
Div. yield
0.01%
Water Treatment Industrials
5 wins
CDZI Cadiz Inc
$4.65 +27.4% 1M -15.0% 1Y
Market cap
$387.50M
P/E
–
Revenue (TTM)
$14.34M
Div. yield
–
Water Treatment Industrials
EFXT Enerflex Ltd.
$24.00 +1.8% 1M +88.5% 1Y
Market cap
$3.08B
P/E
50.4x
Revenue (TTM)
$2.21B
Div. yield
–
Oilfield Equipment Energy
4 wins

Head to Head

9 decided of 12

Badger Meter leads on 5 of the 12 questions below (Badger Meter 5, Enerflex 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMICDZIEFXTLeader
Larger companyMarket capitalisation $4.08B $387.50M $3.08B BMI
Cheaper on earningsLower P/E, profitable companies only 32.3x -9.4x 50.4x BMI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.1x — 18.9x EFXT
Faster revenue growthRevenue growth, trailing twelve months -2.2% -4.8% — BMI
More profitableNet margin, trailing twelve months 14.4% -286.1% 2.8% BMI
Better return on capitalReturn on invested capital — — 8.8% –
Less leveragedLower net debt / EBITDA — — 0.7x –
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -17.1% -15.0% +88.5% EFXT
Better 5-year returnAnnualised price return, 5 years +8.3%/yr -5.6%/yr +22.9%/yr EFXT
Less volatileAnnualised volatility, 1 year 49.5% 66.8% 49.1% EFXT
Higher overall scoreMean of the five percentile scores vs peers 70/100 25/100 65/100 BMI

Percentile Scorecard

BMICDZIEFXT

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

AxisBMICDZIEFXT
Valuation 55 #10 of 21 20 #17 of 21 78 #11 of 47
Growth 61 #8 of 19 39 #12 of 19 95 #3 of 43
Profitability 94 #2 of 17 19 #14 of 17 87 #6 of 40
Financial Health 62 #9 of 22 24 #17 of 22 36 #29 of 45
Shareholder Returns 78 #3 of 10 – 26 #24 of 32
Overall 70 25 65
  • BMI ranked among 22 companies in Environmental Equipment
  • CDZI ranked among 22 companies in Environmental Equipment
  • EFXT ranked among 48 companies in Oilfield Services and Equipment

Price Performance

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

Returns

PeriodBMICDZIEFXTSPY
1 month +17.1%+27.4%+1.8% -0.2%
3 months +12.8%+51.0%+10.7% +3.9%
6 months +28.2%+5.0%-5.6% +8.2%
Year to date -13.0%-17.1%+55.5% +12.9%
1 year -17.1%-15.0%+88.5% +12.3%
3 years +10.1%+68.5%+491.1% +87.4%
3 years, per year +3.3%+19.0%+80.9% +23.3%
5 years +48.8%-25.1%+180.7% +67.9%
5 years, per year +8.3%-5.6%+22.9% +10.9%
10 years +381.5%-36.3%+117.2% +261.1%
10 years, per year +17.0%-4.4%+8.1% +13.7%

Risk

MeasureBMICDZIEFXTSPY
Volatility, 1Y 49.5%66.8%49.1% 12.7%
Downside volatility, 1Y 55.9%64.5%47.8% 12.7%
Beta vs S&P 500, 1Y 0.671.450.88 1.00
Return / volatility, 1Y -0.35-0.221.80 0.97
Max drawdown, 5Y -55.4%-75.0%-56.6% -25.4%
From 52-week high -19.2%-32.8%-15.5% -1.2%
52-week high $187.87$6.92$28.39 $779.14
52-week low $113.41$2.98$12.53 $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.

MultipleBMICDZIEFXT
P/E now vs peer median 34.5xmedian 25.6x -9.5xmedian 25.6x 48.3xmedian 26.1x
P/S now vs peer median 4.9xmedian 2.4x 27.3xmedian 2.4x 1.3xmedian 1.3x
EV/EBITDA now vs peer median 21.0xmedian 16.7x —median 16.7x 5.2xmedian 8.8x
P/FCF now vs peer median 30.5xmedian 23.6x —median 23.6x 6.6xmedian 14.9x
P/B now vs peer median 6.7xmedian 2.0x 83.9xmedian 2.0x 2.5xmedian 1.7x
PEG now vs peer median 2.33median 1.68 2.27median 1.68 1.28median 0.49

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 monthsBMICDZIEFXT
Revenue $881.24M $14.34M $2.21B
Gross profit $366.94M $4.25M $525.36M
Operating income $165.34M -$26.90M $206.78M
Net income $126.53M -$35.98M $185.99M
Free cash flow $142.39M – $444.07M
EPS (diluted) $4.38 $-1,199.69 $0.50
Cash & equivalents $67.93M $5.32M $74.00M
Total debt – $278.50M $529.00M
Shares (diluted) 28.87M 34.19K 123.06M
Enterprise value $3.49B $355.94M $2.76B

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
MetricBMICDZIEFXT
P/E 34.5x -9.5x 48.3x
P/FCF 30.5x – 6.6x
P/Operating cash flow 27.3x – 6.9x
P/S 4.9x 27.3x 1.3x
P/B 6.7x 83.9x 2.5x
P/Tangible book 8.8x 83.9x 2.6x
EV/EBITDA 21.0x – 5.2x
EV/EBIT 25.8x -17.6x 16.3x
EV/Revenue 4.8x 33.0x 1.5x
EV/FCF 30.0x – 7.6x
EV/Operating cash flow 26.9x – 8.0x
PEG (3Y EPS CAGR) 2.33 2.27 1.28

Growth

14 metrics
MetricBMICDZIEFXT
Revenue growth (1Y) -2.2% -4.8% –
Revenue CAGR (3Y) 9.6% 89.3% 9.3%
Gross profit growth (1Y) -1.3% -12.7% –
Gross profit CAGR (3Y) 11.9% 97.5% 17.6%
Operating income growth (1Y) -7.9% -8.9% –
Operating income CAGR (3Y) 15.1% -12.0% 84.6%
Net income growth (1Y) -8.8% -9.9% –
Net income CAGR (3Y) 14.0% -4.9% 65.2%
EPS growth (1Y) -6.6% -8.4% -46.0%
EPS CAGR (3Y) 14.8% -4.2% 37.7%
Operating cash flow growth (1Y) -12.3% – –
Operating cash flow CAGR (3Y) 15.9% – 243.8%
Free cash flow growth (1Y) -14.4% – –
Free cash flow CAGR (3Y) 16.2% – 219.7%

Profitability

14 metrics
MetricBMICDZIEFXT
Gross margin 41.6% 29.6% 23.8%
EBITDA margin 23.1% – 29.5%
Operating margin 18.8% -187.6% 9.4%
Pretax margin 19.1% -250.5% 14.8%
Net margin 14.4% -286.1% 2.8%
FCF margin 16.2% – 20.1%
Operating cash flow margin 18.0% – 19.0%
Return on equity 19.0% -257.3% 10.3%
Return on assets 13.0% -26.1% 4.2%
Return on invested capital – – 8.8%
Return on capital employed 20.1% -21.0% 11.5%
Asset turnover 0.9x 0.1x 0.8x
Cash conversion (OCF / net income) 1.3x – 2.3x
Stock comp / revenue 1.2% – 1.3%

Financial Health

11 metrics
MetricBMICDZIEFXT
Debt / assets – 64.5% 18.9%
Debt / equity – 18.6x 0.5x
Net debt / EBITDA – – 0.7x
Debt / FCF – – 1.2x
Liabilities / assets 31.0% 96.5% 58.3%
Equity / assets 69.0% 3.5% 41.7%
Interest coverage – -2.9x 0.2x
Current ratio 2.5x 1.2x 1.2x
Quick ratio 1.2x 0.9x 0.6x
Cash ratio 0.5x 0.5x 0.1x
Altman Z-score 11.73 -6.13 2.28

Shareholder Returns

7 metrics
MetricBMICDZIEFXT
Dividend yield 1.1% – 0.7%
Net buyback yield 2.7% – –
Shareholder yield 3.8% – 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.

ConsensusBMICDZIEFXT
Forward P/E 32.1xFY2026 – 18.9xFY2026
EPS, next fiscal year $4.73FY2026 $-0.54FY2026 $1.27FY2026
EPS growth, next FY -1.3%FY2026 – +144.2%FY2026
EPS growth, the year after +10.4% – +37.8%
Revenue, next fiscal year $930.20MFY2026 $8.61MFY2026 $2.39BFY2026
Revenue growth, next FY +1.5%FY2026 -47.2%FY2026 -7.1%FY2026
Revenue growth, the year after +10.4% +109.5% +7.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMICDZIEFXT
Held by institutions 100.0% 46.7% –
Institutions holding 479 117 –
Change in shares held, QoQ +7.9% +4.0% –
Institutions buying 254 54 –
Institutions selling 157 39 –
Buyers to sellers 1.62 1.38 –

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.

BMICDZIEFXT
BMI 1.00 0.10 0.04
CDZI 0.10 1.00 0.00
EFXT 0.04 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMI, CDZI and EFXT?

Badger Meter (BMI) is the largest by market capitalisation: Badger Meter (BMI) $4.08B, Cadiz (CDZI) $387.50M, Enerflex (EFXT) $3.08B.

Which stock is cheaper, BMI, CDZI and EFXT?

Badger Meter (BMI) trades on the lowest price-to-earnings ratio (Badger Meter (BMI) 32.3x, Cadiz (CDZI) -9.4x, Enerflex (EFXT) 50.4x). On next year's consensus earnings, Enerflex (EFXT) is cheapest (Badger Meter (BMI) 32.1x, Enerflex (EFXT) 18.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

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

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Badger Meter (BMI) 14.4%, Cadiz (CDZI) -286.1%, Enerflex (EFXT) 2.8%).

Which stock has performed better?

Over the past year Enerflex (EFXT) returned the most: Badger Meter (BMI) -17.1%, Cadiz (CDZI) -15.0%, Enerflex (EFXT) +88.5%. Over five years, Enerflex (EFXT) compounded fastest (Badger Meter (BMI) +8.3%/yr, Cadiz (CDZI) -5.6%/yr, Enerflex (EFXT) +22.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Badger Meter (BMI) 0.01%, Cadiz (CDZI) 0.00%, Enerflex (EFXT) 0.00%. Cadiz (CDZI) and Enerflex (EFXT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enerflex (EFXT) has been the steadiest (Badger Meter (BMI) 49.5%, Cadiz (CDZI) 66.8%, Enerflex (EFXT) 49.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BMI, CDZI and EFXT?

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 5. 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.