BMI vs NWPX vs CDZI Stock Comparison

Badger Meter, NWPX Infrastructure and Cadiz Prices as of Oct 23, 2026 Peers: Industry group
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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
2 wins
CDZI Cadiz Inc
$4.34 +13.6% 1M -14.4% 1Y
Market cap
$366.04M
P/E
–
Revenue (TTM)
$14.34M
Div. yield
–
Water Treatment Industrials

Head to Head

9 decided of 12

NWPX Infrastructure leads on 7 of the 12 questions below (NWPX Infrastructure 7, Badger Meter 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMINWPXCDZILeader
Larger companyMarket capitalisation $4.49B $932.77M $366.04M BMI
Cheaper on earningsLower P/E, profitable companies only 35.5x 19.1x -8.9x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.9x 18.8x — NWPX
Faster revenue growthRevenue growth, trailing twelve months -2.2% +15.1% -4.8% NWPX
More profitableNet margin, trailing twelve months 14.4% 8.5% -286.1% BMI
Better return on capitalReturn on invested capital — 12.1% — –
Less leveragedLower net debt / EBITDA — -0.1x — –
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -19.1% +79.3% -14.4% NWPX
Better 5-year returnAnnualised price return, 5 years +7.7%/yr +33.1%/yr -7.9%/yr NWPX
Less volatileAnnualised volatility, 1 year 49.4% 39.9% 66.7% NWPX
Higher overall scoreMean of the five percentile scores vs peers 70/100 81/100 24/100 NWPX

Percentile Scorecard

BMINWPXCDZI

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

AxisBMINWPXCDZI
Valuation 55 #10 of 21 100 #1 of 21 20 #17 of 21
Growth 61 #8 of 19 94 #2 of 19 39 #12 of 19
Profitability 94 #2 of 17 75 #5 of 17 19 #14 of 17
Financial Health 62 #9 of 22 86 #4 of 22 19 #18 of 22
Shareholder Returns 80 #3 of 11 50 #6 of 11 –
Overall 70 81 24
  • BMI ranked among 22 companies in Environmental Equipment
  • NWPX ranked among 22 companies in Environmental Equipment
  • CDZI ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodBMINWPXCDZISPY
1 month +14.0%-5.2%+13.6% -1.0%
3 months +19.5%-24.7%+37.3% +2.9%
6 months +24.0%+14.8%-8.1% +6.4%
Year to date -13.4%+55.7%-22.6% +11.4%
1 year -19.1%+79.3%-14.4% +13.1%
3 years +10.3%+257.4%+52.8% +79.4%
3 years, per year +3.3%+52.9%+15.2% +21.5%
5 years +44.6%+316.6%-33.5% +67.7%
5 years, per year +7.7%+33.1%-7.9% +10.9%
10 years +377.3%+615.6%-39.3% +255.2%
10 years, per year +16.9%+21.8%-4.9% +13.5%

Risk

MeasureBMINWPXCDZISPY
Volatility, 1Y 49.4%39.9%66.7% 12.7%
Downside volatility, 1Y 55.9%34.6%64.5% 12.7%
Beta vs S&P 500, 1Y 0.641.291.46 1.00
Return / volatility, 1Y -0.391.99-0.22 1.03
Max drawdown, 5Y -55.4%-35.8%-75.0% -25.4%
From 52-week high -19.6%-35.1%-37.3% -2.5%
52-week high $187.87$149.94$6.92 $779.14
52-week low $113.41$53.85$2.98 $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.

MultipleBMINWPXCDZI
P/E now vs peer median 34.3xmedian 25.9x 19.2xmedian 25.9x -8.9xmedian 25.9x
P/S now vs peer median 4.9xmedian 2.5x 1.6xmedian 2.5x 25.5xmedian 2.5x
EV/EBITDA now vs peer median 20.9xmedian 19.3x 10.7xmedian 19.3x —median 19.3x
P/FCF now vs peer median 30.3xmedian 25.4x 11.8xmedian 25.4x —median 25.4x
P/B now vs peer median 6.6xmedian 2.0x 2.2xmedian 2.0x 78.3xmedian 2.0x
PEG now vs peer median 2.32median 1.53 0.88median 1.53 2.12median 1.53

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 monthsBMINWPXCDZI
Revenue $881.24M $574.44M $14.34M
Gross profit $366.94M $119.93M $4.25M
Operating income $165.34M $65.87M -$26.90M
Net income $126.53M $48.75M -$35.98M
Free cash flow $142.39M $79.65M –
EPS (diluted) $4.38 $4.98 $-1,199.69
Cash & equivalents $67.93M $19.32M $5.32M
Total debt – $84.97M $278.50M
Shares (diluted) 28.87M 9.79M 34.19K
Enterprise value $3.89B $894.24M $334.49M

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
MetricBMINWPXCDZI
P/E 34.3x 19.2x -8.9x
P/FCF 30.3x 11.8x –
P/Operating cash flow 27.2x 9.3x –
P/S 4.9x 1.6x 25.5x
P/B 6.6x 2.2x 78.3x
P/Tangible book 8.7x 2.4x 78.3x
EV/EBITDA 20.9x 10.7x –
EV/EBIT 25.7x 14.1x -16.6x
EV/Revenue 4.8x 1.6x 31.2x
EV/FCF 29.8x 11.7x –
EV/Operating cash flow 26.8x 9.3x –
PEG (3Y EPS CAGR) 2.32 0.88 2.12

Growth

14 metrics
MetricBMINWPXCDZI
Revenue growth (1Y) -2.2% 15.1% -4.8%
Revenue CAGR (3Y) 9.6% 8.9% 89.3%
Gross profit growth (1Y) -1.3% 27.3% -12.7%
Gross profit CAGR (3Y) 11.9% 11.7% 97.5%
Operating income growth (1Y) -7.9% 47.2% -8.9%
Operating income CAGR (3Y) 15.1% 16.5% -12.0%
Net income growth (1Y) -8.8% 46.1% -9.9%
Net income CAGR (3Y) 14.0% 20.7% -4.9%
EPS growth (1Y) -6.6% 48.6% -8.4%
EPS CAGR (3Y) 14.8% 21.8% -4.2%
Operating cash flow growth (1Y) -12.3% 45.1% –
Operating cash flow CAGR (3Y) 15.9% 42.3% –
Free cash flow growth (1Y) -14.4% 53.7% –
Free cash flow CAGR (3Y) 16.2% 87.6% –

Profitability

14 metrics
MetricBMINWPXCDZI
Gross margin 41.6% 20.9% 29.6%
EBITDA margin 23.1% 15.0% –
Operating margin 18.8% 11.5% -187.6%
Pretax margin 19.1% 11.0% -250.5%
Net margin 14.4% 8.5% -286.1%
FCF margin 16.2% 13.9% –
Operating cash flow margin 18.0% 17.5% –
Return on equity 19.0% 11.9% -257.3%
Return on assets 13.0% 7.6% -26.1%
Return on invested capital – 12.1% –
Return on capital employed 20.1% 12.5% -21.0%
Asset turnover 0.9x 0.9x 0.1x
Cash conversion (OCF / net income) 1.3x 2.1x –
Stock comp / revenue 1.2% 1.1% –

Financial Health

11 metrics
MetricBMINWPXCDZI
Debt / assets – 1.5% 64.5%
Debt / equity – 0.0x 18.6x
Net debt / EBITDA – -0.1x –
Debt / FCF – 0.1x –
Liabilities / assets 31.0% 35.8% 96.5%
Equity / assets 69.0% 64.2% 3.5%
Interest coverage – 35.1x -2.9x
Current ratio 2.5x 2.7x 1.2x
Quick ratio 1.2x 1.9x 0.9x
Cash ratio 0.5x 0.2x 0.5x
Altman Z-score 11.68 4.66 -6.25

Shareholder Returns

7 metrics
MetricBMINWPXCDZI
Dividend yield 1.1% – –
Net buyback yield 2.8% 1.5% –
Shareholder yield 3.8% 1.5% –
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.

ConsensusBMINWPXCDZI
Forward P/E 31.9xFY2026 18.8xFY2026 –
EPS, next fiscal year $4.74FY2026 $5.19FY2026 $-0.54FY2026
EPS growth, next FY -1.0%FY2026 +45.8%FY2026 –
EPS growth, the year after +9.5% -7.5% –
Revenue, next fiscal year $938.78MFY2026 $573.90MFY2026 $8.61MFY2026
Revenue growth, next FY +2.4%FY2026 +9.1%FY2026 -47.2%FY2026
Revenue growth, the year after +10.0% +3.8% +109.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMINWPXCDZI
Held by institutions 100.0% 89.5% 46.7%
Institutions holding 479 224 117
Change in shares held, QoQ +7.9% +4.6% +4.0%
Institutions buying 254 125 54
Institutions selling 157 65 39
Buyers to sellers 1.62 1.92 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.

BMINWPXCDZI
BMI 1.00 0.17 0.11
NWPX 0.17 1.00 0.17
CDZI 0.11 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMI, NWPX and CDZI?

Badger Meter (BMI) is the largest by market capitalisation: Badger Meter (BMI) $4.49B, NWPX Infrastructure (NWPX) $932.77M, Cadiz (CDZI) $366.04M.

Which stock is cheaper, BMI, NWPX and CDZI?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (Badger Meter (BMI) 35.5x, NWPX Infrastructure (NWPX) 19.1x, Cadiz (CDZI) -8.9x). On next year's consensus earnings, NWPX Infrastructure (NWPX) is cheapest (Badger Meter (BMI) 31.9x, NWPX Infrastructure (NWPX) 18.8x). 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%, NWPX Infrastructure (NWPX) +15.1%, Cadiz (CDZI) -4.8%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Badger Meter (BMI) 14.4%, NWPX Infrastructure (NWPX) 8.5%, Cadiz (CDZI) -286.1%).

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: Badger Meter (BMI) -19.1%, NWPX Infrastructure (NWPX) +79.3%, Cadiz (CDZI) -14.4%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (Badger Meter (BMI) +7.7%/yr, NWPX Infrastructure (NWPX) +33.1%/yr, Cadiz (CDZI) -7.9%/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%, NWPX Infrastructure (NWPX) 0.00%, Cadiz (CDZI) 0.00%. NWPX Infrastructure (NWPX) and Cadiz (CDZI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, NWPX Infrastructure (NWPX) has been the steadiest (Badger Meter (BMI) 49.4%, NWPX Infrastructure (NWPX) 39.9%, Cadiz (CDZI) 66.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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.