BMI vs IDXX Stock Comparison

Badger Meter and Idexx Laboratories 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
3 wins

Head to Head

9 decided of 12

Idexx Laboratories leads on 6 of the 12 questions below (Idexx Laboratories 6, Badger Meter 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMIIDXXLeader
Larger companyMarket capitalisation $4.49B $45.01B IDXX
Cheaper on earningsLower P/E, profitable companies only 35.5x 39.5x BMI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.9x 35.9x BMI
Faster revenue growthRevenue growth, trailing twelve months -2.2% +12.8% IDXX
More profitableNet margin, trailing twelve months 14.4% 25.0% IDXX
Better return on capitalReturn on invested capital — 45.6% –
Less leveragedLower net debt / EBITDA — 0.5x –
Higher dividend yieldTrailing dividend yield 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -19.1% -12.2% IDXX
Better 5-year returnAnnualised price return, 5 years +7.7%/yr -3.0%/yr BMI
Less volatileAnnualised volatility, 1 year 49.4% 32.0% IDXX
Higher overall scoreMean of the five percentile scores vs peers 70/100 77/100 IDXX

Percentile Scorecard

BMIIDXX

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

AxisBMIIDXX
Valuation 55 #10 of 21 75 #159 of 624
Growth 61 #8 of 19 75 #149 of 603
Profitability 94 #2 of 17 97 #17 of 555
Financial Health 62 #9 of 22 46 #355 of 657
Shareholder Returns 80 #3 of 11 93 #27 of 370
Overall 70 77
  • BMI ranked among 22 companies in Environmental Equipment
  • IDXX ranked among 671 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodBMIIDXXSPY
1 month +14.0%+7.3% -1.0%
3 months +19.5%+3.0% +2.9%
6 months +24.0%-1.0% +6.4%
Year to date -13.4%-17.2% +11.4%
1 year -19.1%-12.2% +13.1%
3 years +10.3%+30.1% +79.4%
3 years, per year +3.3%+9.2% +21.5%
5 years +44.6%-14.0% +67.7%
5 years, per year +7.7%-3.0% +10.9%
10 years +377.3%+407.2% +255.2%
10 years, per year +16.9%+17.6% +13.5%

Risk

MeasureBMIIDXXSPY
Volatility, 1Y 49.4%32.0% 12.7%
Downside volatility, 1Y 55.9%31.3% 12.7%
Beta vs S&P 500, 1Y 0.640.80 1.00
Return / volatility, 1Y -0.39-0.38 1.03
Max drawdown, 5Y -55.4%-51.3% -25.4%
From 52-week high -19.6%-26.9% -2.5%
52-week high $187.87$766.68 $779.14
52-week low $113.41$504.70 $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.

MultipleBMIIDXX
P/E now vs peer median 34.3xmedian 25.9x 38.8xmedian 17.2x
P/S now vs peer median 4.9xmedian 2.5x 9.7xmedian 8.8x
EV/EBITDA now vs peer median 20.9xmedian 19.3x 27.9xmedian 16.0x
P/FCF now vs peer median 30.3xmedian 25.4x 35.2xmedian 17.8x
P/B now vs peer median 6.6xmedian 2.0x 27.4xmedian 2.1x
PEG now vs peer median 2.32median 1.53 2.57median 0.32

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 monthsBMIIDXX
Revenue $881.24M $4.55B
Gross profit $366.94M $2.84B
Operating income $165.34M $1.46B
Net income $126.53M $1.14B
Free cash flow $142.39M $1.25B
R&D – $261.47M
EPS (diluted) $4.38 $14.37
Cash & equivalents $67.93M $196.93M
Total debt – $4.03B
Shares (diluted) 28.87M 79.31M
Enterprise value $3.89B $44.23B

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
MetricBMIIDXX
P/E 34.3x 38.8x
P/FCF 30.3x 35.2x
P/Operating cash flow 27.2x 32.2x
P/S 4.9x 9.7x
P/B 6.6x 27.4x
P/Tangible book 8.7x 29.2x
EV/EBITDA 20.9x 27.9x
EV/EBIT 25.7x 30.8x
EV/Revenue 4.8x 9.9x
EV/FCF 29.8x 35.9x
EV/Operating cash flow 26.8x 32.8x
PEG (3Y EPS CAGR) 2.32 2.57

Growth

14 metrics
MetricBMIIDXX
Revenue growth (1Y) -2.2% 12.8%
Revenue CAGR (3Y) 9.6% 9.0%
Gross profit growth (1Y) -1.3% 14.4%
Gross profit CAGR (3Y) 11.9% 10.5%
Operating income growth (1Y) -7.9% 16.2%
Operating income CAGR (3Y) 15.1% 11.7%
Net income growth (1Y) -8.8% 15.6%
Net income CAGR (3Y) 14.0% 12.9%
EPS growth (1Y) -6.6% 18.1%
EPS CAGR (3Y) 14.8% 15.1%
Operating cash flow growth (1Y) -12.3% 51.4%
Operating cash flow CAGR (3Y) 15.9% 22.5%
Free cash flow growth (1Y) -14.4% 59.9%
Free cash flow CAGR (3Y) 16.2% 28.4%

Profitability

14 metrics
MetricBMIIDXX
Gross margin 41.6% 62.4%
EBITDA margin 23.1% 35.4%
Operating margin 18.8% 32.0%
Pretax margin 19.1% 31.3%
Net margin 14.4% 25.0%
FCF margin 16.2% 27.5%
Operating cash flow margin 18.0% 30.1%
Return on equity 19.0% 71.9%
Return on assets 13.0% 33.4%
Return on invested capital – 45.6%
Return on capital employed 20.1% 68.6%
Asset turnover 0.9x 1.3x
Cash conversion (OCF / net income) 1.3x 1.2x
Stock comp / revenue 1.2% 1.4%

Financial Health

11 metrics
MetricBMIIDXX
Debt / assets – 28.1%
Debt / equity – 0.6x
Net debt / EBITDA – 0.5x
Debt / FCF – 0.8x
Liabilities / assets 31.0% 53.2%
Equity / assets 69.0% 46.8%
Interest coverage – 38.6x
Current ratio 2.5x 1.2x
Quick ratio 1.2x 0.7x
Cash ratio 0.5x 0.2x
Altman Z-score 11.68 20.14

Shareholder Returns

7 metrics
MetricBMIIDXX
Dividend yield 1.1% –
Net buyback yield 2.8% 2.4%
Shareholder yield 3.8% 2.4%
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.

ConsensusBMIIDXX
Forward P/E 31.9xFY2026 35.9xFY2026
EPS, next fiscal year $4.74FY2026 $15.62FY2026
EPS growth, next FY -1.0%FY2026 +19.4%FY2026
EPS growth, the year after +9.5% +13.0%
Revenue, next fiscal year $938.78MFY2026 $5.00BFY2026
Revenue growth, next FY +2.4%FY2026 +16.3%FY2026
Revenue growth, the year after +10.0% +0.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMIIDXX
Held by institutions 100.0% 93.6%
Institutions holding 479 1,289
Change in shares held, QoQ +7.9% +4.1%
Institutions buying 254 587
Institutions selling 157 496
Buyers to sellers 1.62 1.18

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.

BMIIDXX
BMI 1.00 0.16
IDXX 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMI and IDXX?

Idexx Laboratories (IDXX) is the largest by market capitalisation: Badger Meter (BMI) $4.49B, Idexx Laboratories (IDXX) $45.01B.

Which stock is cheaper, BMI and IDXX?

Badger Meter (BMI) trades on the lowest price-to-earnings ratio (Badger Meter (BMI) 35.5x, Idexx Laboratories (IDXX) 39.5x). On next year's consensus earnings, Badger Meter (BMI) is cheapest (Badger Meter (BMI) 31.9x, Idexx Laboratories (IDXX) 35.9x). 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%.

Which company is more profitable?

Idexx Laboratories (IDXX) has the highest net margin (Badger Meter (BMI) 14.4%, Idexx Laboratories (IDXX) 25.0%).

Which stock has performed better?

Over the past year Idexx Laboratories (IDXX) returned the most: Badger Meter (BMI) -19.1%, Idexx Laboratories (IDXX) -12.2%. Over five years, Badger Meter (BMI) compounded fastest (Badger Meter (BMI) +7.7%/yr, Idexx Laboratories (IDXX) -3.0%/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%, Idexx Laboratories (IDXX) 0.00%. Idexx Laboratories (IDXX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Idexx Laboratories (IDXX) has been the steadiest (Badger Meter (BMI) 49.4%, Idexx Laboratories (IDXX) 32.0%). Volatility measures how widely the price swings, not the risk of the business.

Do BMI and IDXX move together?

Their daily returns over the past year have a correlation of 0.16, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BMI and IDXX?

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.