BMI vs IDXX vs XYL Stock Comparison

Badger Meter, Idexx Laboratories and Xylem Prices as of Oct 29, 2026 Peers: Industry group
BMI Badger Meter Inc
$149.66 +18.8% 1M -18.2% 1Y
Market cap
$4.28B
P/E
33.9x
Revenue (TTM)
$881.24M
Div. yield
0.01%
Water Treatment Industrials
1 win
XYL Xylem Inc.
$90.81 -10.0% 1M -40.6% 1Y
Market cap
$21.48B
P/E
19.9x
Revenue (TTM)
$9.06B
Div. yield
0.02%
Water Treatment Industrials
5 wins

Head to Head

12 decided of 12

Idexx Laboratories leads on 6 of the 12 questions below (Idexx Laboratories 6, Xylem 5, Badger Meter 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMIIDXXXYLLeader
Larger companyMarket capitalisation $4.28B $43.52B $21.48B IDXX
Cheaper on earningsLower P/E, profitable companies only 33.9x 38.2x 19.9x XYL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.6x 36.9x 17.3x XYL
Faster revenue growthRevenue growth, trailing twelve months -2.2% +12.8% +1.9% IDXX
More profitableNet margin, trailing twelve months 14.4% 25.0% 11.9% IDXX
Better return on capitalReturn on invested capital — 45.6% 8.3% IDXX
Less leveragedLower net debt / EBITDA — 0.5x 1.1x IDXX
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.02% XYL
Better 1-year returnPrice return, last 12 months -18.2% -8.2% -40.6% IDXX
Better 5-year returnAnnualised price return, 5 years +7.9%/yr -2.9%/yr -7.0%/yr BMI
Less volatileAnnualised volatility, 1 year 49.9% 32.1% 30.5% XYL
Higher overall scoreMean of the five percentile scores vs peers 73/100 77/100 79/100 XYL

Percentile Scorecard

BMIIDXXXYL

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

AxisBMIIDXXXYL
Valuation 60 #9 of 21 75 #155 of 624 90 #3 of 21
Growth 67 #7 of 19 76 #148 of 601 89 #3 of 19
Profitability 100 #1 of 16 97 #17 of 541 73 #5 of 16
Financial Health 60 #9 of 21 46 #350 of 647 55 #10 of 21
Shareholder Returns 78 #3 of 10 93 #26 of 359 89 #2 of 10
Overall 73 77 79
  • BMI ranked among 22 companies in Environmental Equipment
  • IDXX ranked among 671 companies in Pharmaceuticals and Biotechnology
  • XYL ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodBMIIDXXXYLSPY
1 month +18.8%+8.0%-10.0% +0.7%
3 months +14.6%+3.1%-22.3% +3.7%
6 months +23.8%+2.7%-23.1% +7.1%
Year to date -14.2%-14.9%-33.3% +12.8%
1 year -18.2%-8.2%-40.6% +11.9%
3 years +8.8%+45.3%+1.7% +85.2%
3 years, per year +2.8%+13.3%+0.6% +22.8%
5 years +46.4%-13.5%-30.5% +67.6%
5 years, per year +7.9%-2.9%-7.0% +10.9%
10 years +372.1%+448.3%+86.8% +262.0%
10 years, per year +16.8%+18.6%+6.4% +13.7%

Risk

MeasureBMIIDXXXYLSPY
Volatility, 1Y 49.9%32.1%30.5% 12.7%
Downside volatility, 1Y 56.4%31.3%36.3% 12.6%
Beta vs S&P 500, 1Y 0.640.790.66 1.00
Return / volatility, 1Y -0.37-0.26-1.33 0.94
Max drawdown, 5Y -55.4%-51.3%-45.4% -25.4%
From 52-week high -20.3%-24.9%-40.6% -1.2%
52-week high $187.87$766.68$152.95 $779.14
52-week low $113.41$504.70$88.24 $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.

MultipleBMIIDXXXYL
P/E now vs peer median 34.0xmedian 25.4x 39.9xmedian 17.8x 19.5xmedian 25.4x
P/S now vs peer median 4.9xmedian 2.5x 10.0xmedian 9.1x 2.3xmedian 2.5x
EV/EBITDA now vs peer median 20.7xmedian 17.9x 28.6xmedian 15.0x 11.9xmedian 17.9x
P/FCF now vs peer median 30.0xmedian 22.3x 36.2xmedian 21.7x 22.6xmedian 22.3x
P/B now vs peer median 6.6xmedian 1.8x 28.2xmedian 2.2x 2.0xmedian 1.8x
PEG now vs peer median 2.30median 1.73 2.64median 0.35 0.62median 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 monthsBMIIDXXXYL
Revenue $881.24M $4.55B $9.06B
Gross profit $366.94M $2.84B $3.61B
Operating income $165.34M $1.46B $1.37B
Net income $126.53M $1.14B $1.08B
Free cash flow $142.39M $1.25B $921.00M
R&D – $261.47M $231.00M
EPS (diluted) $4.38 $14.37 $4.64
Cash & equivalents $67.93M $196.93M $708.00M
Total debt – $968.86M $2.90B
Shares (diluted) 28.87M 79.31M 233.04M
Enterprise value $3.69B $42.73B $17.21B

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
MetricBMIIDXXXYL
P/E 34.0x 39.9x 19.5x
P/FCF 30.0x 36.2x 22.6x
P/Operating cash flow 26.9x 33.1x 16.4x
P/S 4.9x 10.0x 2.3x
P/B 6.6x 28.2x 2.0x
P/Tangible book 8.7x 30.0x 2.6x
EV/EBITDA 20.7x 28.6x 11.9x
EV/EBIT 25.4x 31.7x 16.8x
EV/Revenue 4.8x 10.1x 2.5x
EV/FCF 29.5x 36.8x 25.0x
EV/Operating cash flow 26.5x 33.7x 18.1x
PEG (3Y EPS CAGR) 2.30 2.64 0.62

Growth

14 metrics
MetricBMIIDXXXYL
Revenue growth (1Y) -2.2% 12.8% 1.9%
Revenue CAGR (3Y) 9.6% 9.0% 10.3%
Gross profit growth (1Y) -1.3% 14.4% 6.0%
Gross profit CAGR (3Y) 11.9% 10.5% 12.5%
Operating income growth (1Y) -7.9% 16.2% 20.7%
Operating income CAGR (3Y) 15.1% 11.7% 29.1%
Net income growth (1Y) -8.8% 15.6% 14.1%
Net income CAGR (3Y) 14.0% 12.9% 30.0%
EPS growth (1Y) -6.6% 18.1% 19.6%
EPS CAGR (3Y) 14.8% 15.1% 31.7%
Operating cash flow growth (1Y) -12.3% 51.4% -0.1%
Operating cash flow CAGR (3Y) 15.9% 22.5% 19.6%
Free cash flow growth (1Y) -14.4% 59.9% -0.4%
Free cash flow CAGR (3Y) 16.2% 28.4% 21.9%

Profitability

14 metrics
MetricBMIIDXXXYL
Gross margin 41.6% 62.4% 39.8%
EBITDA margin 23.1% 35.4% 21.3%
Operating margin 18.8% 32.0% 15.1%
Pretax margin 19.1% 31.3% 14.8%
Net margin 14.4% 25.0% 11.9%
FCF margin 16.2% 27.5% 10.2%
Operating cash flow margin 18.0% 30.1% 14.0%
Return on equity 19.0% 71.9% 10.3%
Return on assets 13.0% 33.4% 6.2%
Return on invested capital – 45.6% 8.3%
Return on capital employed 20.1% 68.6% 9.5%
Asset turnover 0.9x 1.3x 0.5x
Cash conversion (OCF / net income) 1.3x 1.2x 1.2x
Stock comp / revenue 1.2% 1.4% 0.6%

Financial Health

11 metrics
MetricBMIIDXXXYL
Debt / assets – 28.1% 16.7%
Debt / equity – 0.6x 0.3x
Net debt / EBITDA – 0.5x 1.1x
Debt / FCF – 0.8x 3.1x
Liabilities / assets 31.0% 53.2% 40.7%
Equity / assets 69.0% 46.8% 59.3%
Interest coverage – 38.6x 36.1x
Current ratio 2.5x 1.2x 1.4x
Quick ratio 1.2x 0.7x 0.9x
Cash ratio 0.5x 0.2x 0.2x
Altman Z-score 11.60 20.55 2.97

Shareholder Returns

7 metrics
MetricBMIIDXXXYL
Dividend yield 1.1% – 1.9%
Net buyback yield 2.8% 2.3% 7.5%
Shareholder yield 3.9% 2.3% 9.4%
Payout ratio (earnings) 37.7% – 37.4%
Payout ratio (FCF) 33.5% – 44.0%
Dividend growth (1Y) 14.1% – 6.6%
Dividend CAGR (3Y) 19.8% – 14.1%

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.

ConsensusBMIIDXXXYL
Forward P/E 31.6xFY2026 36.9xFY2026 17.3xFY2026
EPS, next fiscal year $4.73FY2026 $15.63FY2026 $5.26FY2026
EPS growth, next FY -1.3%FY2026 +19.5%FY2026 +3.5%FY2026
EPS growth, the year after +10.4% +12.9% +13.7%
Revenue, next fiscal year $930.20MFY2026 $5.00BFY2026 $9.81BFY2026
Revenue growth, next FY +1.5%FY2026 +16.3%FY2026 +8.5%FY2026
Revenue growth, the year after +10.4% +0.6% +0.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMIIDXXXYL
Held by institutions 100.0% 93.6% 92.0%
Institutions holding 480 1,290 1,093
Change in shares held, QoQ +7.9% +4.1% +0.2%
Institutions buying 254 588 489
Institutions selling 157 496 447
Buyers to sellers 1.62 1.19 1.09

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.

BMIIDXXXYL
BMI 1.00 0.17 0.42
IDXX 0.17 1.00 0.30
XYL 0.42 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMI, IDXX and XYL?

Idexx Laboratories (IDXX) is the largest by market capitalisation: Badger Meter (BMI) $4.28B, Idexx Laboratories (IDXX) $43.52B, Xylem (XYL) $21.48B.

Which stock is cheaper, BMI, IDXX and XYL?

Xylem (XYL) trades on the lowest price-to-earnings ratio (Badger Meter (BMI) 33.9x, Idexx Laboratories (IDXX) 38.2x, Xylem (XYL) 19.9x). On next year's consensus earnings, Xylem (XYL) is cheapest (Badger Meter (BMI) 31.6x, Idexx Laboratories (IDXX) 36.9x, Xylem (XYL) 17.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Idexx Laboratories (IDXX) grew revenue fastest over the trailing twelve months: Badger Meter (BMI) -2.2%, Idexx Laboratories (IDXX) +12.8%, Xylem (XYL) +1.9%.

Which company is more profitable?

Idexx Laboratories (IDXX) has the highest net margin (Badger Meter (BMI) 14.4%, Idexx Laboratories (IDXX) 25.0%, Xylem (XYL) 11.9%). On return on invested capital, Idexx Laboratories (IDXX) leads (Idexx Laboratories (IDXX) 45.6%, Xylem (XYL) 8.3%).

Which stock has performed better?

Over the past year Idexx Laboratories (IDXX) returned the most: Badger Meter (BMI) -18.2%, Idexx Laboratories (IDXX) -8.2%, Xylem (XYL) -40.6%. Over five years, Badger Meter (BMI) compounded fastest (Badger Meter (BMI) +7.9%/yr, Idexx Laboratories (IDXX) -2.9%/yr, Xylem (XYL) -7.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Xylem (XYL) has the highest dividend yield: Badger Meter (BMI) 0.01%, Idexx Laboratories (IDXX) 0.00%, Xylem (XYL) 0.02%. Idexx Laboratories (IDXX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Xylem (XYL) has been the steadiest (Badger Meter (BMI) 49.9%, Idexx Laboratories (IDXX) 32.1%, Xylem (XYL) 30.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BMI, IDXX and XYL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Idexx Laboratories (IDXX) 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.