BMI vs FERG vs NWPX Stock Comparison

Badger Meter, Ferguson Enterprises and NWPX Infrastructure 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
$4.34B
P/E
34.5x
Revenue (TTM)
$881.24M
Div. yield
1.08%
Water Treatment Industrials
1 win

Head to Head

12 decided of 12

NWPX Infrastructure leads on 7 of the 12 questions below (NWPX Infrastructure 7, Ferguson Enterprises 4, Badger Meter 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMIFERGNWPXLeader
Larger companyMarket capitalisation $4.34B $44.55B $962.46M FERG
Cheaper on earningsLower P/E, profitable companies only 34.5x 22.0x 19.7x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.1x 21.5x 19.2x NWPX
Faster revenue growthRevenue growth, trailing twelve months -2.2% +5.2% +15.1% NWPX
More profitableNet margin, trailing twelve months 14.4% 6.5% 8.5% BMI
Better return on capitalReturn on invested capital — 21.7% 12.1% FERG
Less leveragedLower net debt / EBITDA — 1.0x -0.1x NWPX
Higher dividend yieldTrailing dividend yield 1.08% 1.55% — FERG
Better 1-year returnPrice return, last 12 months -17.1% -8.6% +82.0% NWPX
Better 5-year returnAnnualised price return, 5 years +8.3%/yr +8.6%/yr +33.1%/yr NWPX
Less volatileAnnualised volatility, 1 year 49.5% 29.8% 39.9% FERG
Higher overall scoreMean of the five percentile scores vs peers 70/100 65/100 82/100 NWPX

Percentile Scorecard

BMIFERGNWPX

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

AxisBMIFERGNWPX
Valuation 55 #10 of 21 44 #26 of 46 100 #1 of 21
Growth 61 #8 of 19 76 #10 of 39 94 #2 of 19
Profitability 94 #2 of 17 87 #6 of 39 75 #5 of 17
Financial Health 62 #9 of 22 48 #25 of 47 86 #4 of 22
Shareholder Returns 78 #3 of 10 71 #10 of 32 56 #5 of 10
Overall 70 65 82
  • BMI ranked among 22 companies in Environmental Equipment
  • FERG ranked among 49 companies in Distribution and Rental
  • 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

PeriodBMIFERGNWPXSPY
1 month +17.1%+3.1%-2.9% -0.2%
3 months +12.8%-1.1%-20.9% +3.9%
6 months +28.2%-11.1%+14.9% +8.2%
Year to date -13.0%+3.1%+59.8% +12.9%
1 year -17.1%-8.6%+82.0% +12.3%
3 years +10.1%+51.3%+264.2% +87.4%
3 years, per year +3.3%+14.8%+53.9% +23.3%
5 years +48.8%+51.3%+317.7% +67.9%
5 years, per year +8.3%+8.6%+33.1% +10.9%
10 years +381.5%+333.0%+654.1% +261.1%
10 years, per year +17.0%+15.8%+22.4% +13.7%

Risk

MeasureBMIFERGNWPXSPY
Volatility, 1Y 49.5%29.8%39.9% 12.7%
Downside volatility, 1Y 55.9%30.8%34.6% 12.7%
Beta vs S&P 500, 1Y 0.671.131.30 1.00
Return / volatility, 1Y -0.35-0.292.05 0.97
Max drawdown, 5Y -55.4%-43.6%-35.8% -25.4%
From 52-week high -19.2%-14.3%-33.4% -1.2%
52-week high $187.87$267.71$149.94 $779.14
52-week low $113.41$214.24$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.

MultipleBMIFERGNWPX
P/E now vs peer median 34.5xmedian 25.6x 22.0xmedian 25.3x 19.7xmedian 25.6x
P/S now vs peer median 4.9xmedian 2.4x 1.4xmedian 1.0x 1.7xmedian 2.4x
EV/EBITDA now vs peer median 21.0xmedian 16.7x 15.0xmedian 13.4x 11.0xmedian 16.7x
P/FCF now vs peer median 30.5xmedian 23.6x 19.7xmedian 21.9x 12.1xmedian 23.6x
P/B now vs peer median 6.7xmedian 2.0x 7.6xmedian 2.6x 2.3xmedian 2.0x
PEG now vs peer median 2.33median 1.68 —median 2.38 0.90median 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 monthsBMIFERGNWPX
Revenue $881.24M $31.35B $574.44M
Gross profit $366.94M $9.73B $119.93M
Operating income $165.34M $2.82B $65.87M
Net income $126.53M $2.03B $48.75M
Free cash flow $142.39M $2.26B $79.65M
EPS (diluted) $4.38 $10.42 $4.98
Cash & equivalents $67.93M $820.00M $19.32M
Total debt – $4.13B $9.98M
Shares (diluted) 28.87M 194.80M 9.79M
Enterprise value $3.74B $41.77B $923.93M

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
MetricBMIFERGNWPX
P/E 34.5x 22.0x 19.7x
P/FCF 30.5x 19.7x 12.1x
P/Operating cash flow 27.3x 17.0x 9.6x
P/S 4.9x 1.4x 1.7x
P/B 6.7x 7.6x 2.3x
P/Tangible book 8.8x 8.5x 2.4x
EV/EBITDA 21.0x 15.0x 11.0x
EV/EBIT 25.8x 17.0x 14.5x
EV/Revenue 4.8x 1.5x 1.7x
EV/FCF 30.0x 21.1x 12.0x
EV/Operating cash flow 26.9x 18.3x 9.5x
PEG (3Y EPS CAGR) 2.33 – 0.90

Growth

14 metrics
MetricBMIFERGNWPX
Revenue growth (1Y) -2.2% 5.2% 15.1%
Revenue CAGR (3Y) 9.6% – 8.9%
Gross profit growth (1Y) -1.3% 7.5% 27.3%
Gross profit CAGR (3Y) 11.9% – 11.7%
Operating income growth (1Y) -7.9% 17.6% 47.2%
Operating income CAGR (3Y) 15.1% – 16.5%
Net income growth (1Y) -8.8% 31.6% 46.1%
Net income CAGR (3Y) 14.0% – 20.7%
EPS growth (1Y) -6.6% 34.4% 48.6%
EPS CAGR (3Y) 14.8% – 21.8%
Operating cash flow growth (1Y) -12.3% 35.9% 45.1%
Operating cash flow CAGR (3Y) 15.9% – 42.3%
Free cash flow growth (1Y) -14.4% 42.8% 53.7%
Free cash flow CAGR (3Y) 16.2% – 87.6%

Profitability

14 metrics
MetricBMIFERGNWPX
Gross margin 41.6% 31.0% 20.9%
EBITDA margin 23.1% 10.2% 15.0%
Operating margin 18.8% 9.0% 11.5%
Pretax margin 19.1% 8.3% 11.0%
Net margin 14.4% 6.5% 8.5%
FCF margin 16.2% 7.2% 13.9%
Operating cash flow margin 18.0% 8.3% 17.5%
Return on equity 19.0% 34.0% 11.9%
Return on assets 13.0% 11.4% 7.6%
Return on invested capital – 21.7% 12.1%
Return on capital employed 20.1% 23.4% 12.5%
Asset turnover 0.9x 1.8x 0.9x
Cash conversion (OCF / net income) 1.3x 1.3x 2.1x
Stock comp / revenue 1.2% 0.3% 1.1%

Financial Health

11 metrics
MetricBMIFERGNWPX
Debt / assets – 23.2% 1.5%
Debt / equity – 0.7x 0.0x
Net debt / EBITDA – 1.0x -0.1x
Debt / FCF – 1.8x 0.1x
Liabilities / assets 31.0% 67.0% 35.8%
Equity / assets 69.0% 33.0% 64.2%
Interest coverage – – 35.1x
Current ratio 2.5x 1.8x 2.7x
Quick ratio 1.2x 0.8x 1.9x
Cash ratio 0.5x 0.1x 0.2x
Altman Z-score 11.73 5.41 4.72

Shareholder Returns

7 metrics
MetricBMIFERGNWPX
Dividend yield 1.1% 1.6% –
Net buyback yield 2.7% 1.9% 1.4%
Shareholder yield 3.8% 3.4% 1.4%
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.

ConsensusBMIFERGNWPX
Forward P/E 32.1xFY2026 21.5xFY2026 19.2xFY2026
EPS, next fiscal year $4.73FY2026 $10.68FY2026 $5.19FY2026
EPS growth, next FY -1.3%FY2026 +7.4%FY2026 +45.8%FY2026
EPS growth, the year after +10.4% +20.5% -7.5%
Revenue, next fiscal year $930.20MFY2026 $34.30BFY2026 $573.90MFY2026
Revenue growth, next FY +1.5%FY2026 +11.5%FY2026 +9.1%FY2026
Revenue growth, the year after +10.4% -0.7% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMIFERGNWPX
Held by institutions 100.0% 96.3% 89.5%
Institutions holding 479 937 224
Change in shares held, QoQ +7.9% +2.1% +4.6%
Institutions buying 254 477 125
Institutions selling 157 343 65
Buyers to sellers 1.62 1.39 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.

BMIFERGNWPX
BMI 1.00 0.15 0.16
FERG 0.15 1.00 0.32
NWPX 0.16 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMI, FERG and NWPX?

Ferguson Enterprises (FERG) is the largest by market capitalisation: Badger Meter (BMI) $4.34B, Ferguson Enterprises (FERG) $44.55B, NWPX Infrastructure (NWPX) $962.46M.

Which stock is cheaper, BMI, FERG and NWPX?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (Badger Meter (BMI) 34.5x, Ferguson Enterprises (FERG) 22.0x, NWPX Infrastructure (NWPX) 19.7x). On next year's consensus earnings, NWPX Infrastructure (NWPX) is cheapest (Badger Meter (BMI) 32.1x, Ferguson Enterprises (FERG) 21.5x, NWPX Infrastructure (NWPX) 19.2x). 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%, Ferguson Enterprises (FERG) +5.2%, NWPX Infrastructure (NWPX) +15.1%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Badger Meter (BMI) 14.4%, Ferguson Enterprises (FERG) 6.5%, NWPX Infrastructure (NWPX) 8.5%). On return on invested capital, Ferguson Enterprises (FERG) leads (Ferguson Enterprises (FERG) 21.7%, NWPX Infrastructure (NWPX) 12.1%).

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: Badger Meter (BMI) -17.1%, Ferguson Enterprises (FERG) -8.6%, NWPX Infrastructure (NWPX) +82.0%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (Badger Meter (BMI) +8.3%/yr, Ferguson Enterprises (FERG) +8.6%/yr, NWPX Infrastructure (NWPX) +33.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Ferguson Enterprises (FERG) has the highest dividend yield: Badger Meter (BMI) 1.08%, Ferguson Enterprises (FERG) 1.55%. NWPX Infrastructure (NWPX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ferguson Enterprises (FERG) has been the steadiest (Badger Meter (BMI) 49.5%, Ferguson Enterprises (FERG) 29.8%, NWPX Infrastructure (NWPX) 39.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BMI, FERG 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.