BMI vs XYL vs ECL Stock Comparison

Badger Meter, Xylem and Ecolab 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
2 wins
XYL Xylem Inc.
$108.75 +0.1% 1M -26.4% 1Y
Market cap
$25.57B
P/E
25.1x
Revenue (TTM)
$9.13B
Div. yield
0.02%
Water Treatment Industrials
5 wins
ECL Ecolab Inc.
$288.57 +4.3% 1M +4.9% 1Y
Market cap
$81.05B
P/E
38.3x
Revenue (TTM)
$16.84B
Div. yield
0.01%
Water Treatment Industrials
5 wins

Head to Head

12 decided of 12

Ecolab leads on 5 of the 12 questions below (Ecolab 5, Xylem 5, Badger Meter 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMIXYLECLLeader
Larger companyMarket capitalisation $4.49B $25.57B $81.05B ECL
Cheaper on earningsLower P/E, profitable companies only 35.5x 25.1x 38.3x XYL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.9x 20.7x 36.5x XYL
Faster revenue growthRevenue growth, trailing twelve months -2.2% +4.5% +7.1% ECL
More profitableNet margin, trailing twelve months 14.4% 11.2% 12.6% BMI
Better return on capitalReturn on invested capital — 8.0% 11.0% ECL
Less leveragedLower net debt / EBITDA — 0.9x 2.1x XYL
Higher dividend yieldTrailing dividend yield 0.01% 0.02% 0.01% XYL
Better 1-year returnPrice return, last 12 months -19.1% -26.4% +4.9% ECL
Better 5-year returnAnnualised price return, 5 years +7.7%/yr -3.3%/yr +5.4%/yr BMI
Less volatileAnnualised volatility, 1 year 49.4% 25.7% 21.9% ECL
Higher overall scoreMean of the five percentile scores vs peers 70/100 78/100 66/100 XYL

Percentile Scorecard

BMIXYLECL

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

AxisBMIXYLECL
Valuation 55 #10 of 21 85 #4 of 21 50 #11 of 21
Growth 61 #8 of 19 89 #3 of 19 83 #4 of 19
Profitability 94 #2 of 17 69 #6 of 17 88 #3 of 17
Financial Health 62 #9 of 22 57 #10 of 22 48 #12 of 22
Shareholder Returns 80 #3 of 11 90 #2 of 11 60 #5 of 11
Overall 70 78 66
  • BMI ranked among 22 companies in Environmental Equipment
  • XYL ranked among 22 companies in Environmental Equipment
  • ECL ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodBMIXYLECLSPY
1 month +14.0%+0.1%+4.3% -1.0%
3 months +19.5%-9.2%+7.4% +2.9%
6 months +24.0%-10.5%+7.1% +6.4%
Year to date -13.4%-20.1%+9.9% +11.4%
1 year -19.1%-26.4%+4.9% +13.1%
3 years +10.3%+21.6%+80.1% +79.4%
3 years, per year +3.3%+6.7%+21.7% +21.5%
5 years +44.6%-15.5%+30.3% +67.7%
5 years, per year +7.7%-3.3%+5.4% +10.9%
10 years +377.3%+122.7%+149.2% +255.2%
10 years, per year +16.9%+8.3%+9.6% +13.5%

Risk

MeasureBMIXYLECLSPY
Volatility, 1Y 49.4%25.7%21.9% 12.7%
Downside volatility, 1Y 55.9%28.7%22.0% 12.7%
Beta vs S&P 500, 1Y 0.640.740.48 1.00
Return / volatility, 1Y -0.39-1.020.23 1.03
Max drawdown, 5Y -55.4%-45.4%-44.3% -25.4%
From 52-week high -19.6%-28.9%-6.4% -2.5%
52-week high $187.87$152.95$308.35 $779.14
52-week low $113.41$100.91$245.73 $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.

MultipleBMIXYLECL
P/E now vs peer median 34.3xmedian 25.9x 25.2xmedian 25.9x 38.3xmedian 25.9x
P/S now vs peer median 4.9xmedian 2.5x 2.8xmedian 2.5x 4.8xmedian 2.5x
EV/EBITDA now vs peer median 20.9xmedian 19.3x 14.3xmedian 19.3x 22.9xmedian 19.3x
P/FCF now vs peer median 30.3xmedian 25.4x 26.4xmedian 25.4x 43.2xmedian 25.4x
P/B now vs peer median 6.6xmedian 2.0x 2.4xmedian 2.0x 8.0xmedian 2.0x
PEG now vs peer median 2.32median 1.53 0.95median 1.53 1.72median 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 monthsBMIXYLECL
Revenue $881.24M $9.13B $16.84B
Gross profit $366.94M $3.58B $7.43B
Operating income $165.34M $1.32B $2.85B
Net income $126.53M $1.02B $2.13B
Free cash flow $142.39M $960.00M $1.87B
R&D – $227.00M –
EPS (diluted) $4.38 $4.30 $7.50
Cash & equivalents $67.93M $1.28B $5.14B
Total debt – $2.93B $38.40B
Shares (diluted) 28.87M 236.60M 282.20M
Enterprise value $3.89B $20.82B $72.79B

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
MetricBMIXYLECL
P/E 34.3x 25.2x 38.3x
P/FCF 30.3x 26.4x 43.2x
P/Operating cash flow 27.2x 19.5x 26.5x
P/S 4.9x 2.8x 4.8x
P/B 6.6x 2.4x 8.0x
P/Tangible book 8.7x 3.1x 12.2x
EV/EBITDA 20.9x 14.3x 22.9x
EV/EBIT 25.7x 20.5x 31.2x
EV/Revenue 4.8x 3.0x 5.3x
EV/FCF 29.8x 28.2x 47.4x
EV/Operating cash flow 26.8x 20.8x 29.1x
PEG (3Y EPS CAGR) 2.32 0.95 1.72

Growth

14 metrics
MetricBMIXYLECL
Revenue growth (1Y) -2.2% 4.5% 7.1%
Revenue CAGR (3Y) 9.6% 14.6% 4.5%
Gross profit growth (1Y) -1.3% 8.5% 7.5%
Gross profit CAGR (3Y) 11.9% 16.0% 9.4%
Operating income growth (1Y) -7.9% 22.0% -1.4%
Operating income CAGR (3Y) 15.1% 29.0% 18.4%
Net income growth (1Y) -8.8% 8.5% -1.0%
Net income CAGR (3Y) 14.0% 32.4% 21.3%
EPS growth (1Y) -6.6% 11.9% 0.2%
EPS CAGR (3Y) 14.8% 26.5% 22.3%
Operating cash flow growth (1Y) -12.3% 6.3% 16.5%
Operating cash flow CAGR (3Y) 15.9% 31.4% 13.9%
Free cash flow growth (1Y) -14.4% 9.0% 19.1%
Free cash flow CAGR (3Y) 16.2% 38.9% 12.2%

Profitability

14 metrics
MetricBMIXYLECL
Gross margin 41.6% 39.2% 44.1%
EBITDA margin 23.1% 20.7% 23.1%
Operating margin 18.8% 14.5% 16.9%
Pretax margin 19.1% 13.9% 15.6%
Net margin 14.4% 11.2% 12.6%
FCF margin 16.2% 10.5% 11.1%
Operating cash flow margin 18.0% 14.3% 18.1%
Return on equity 19.0% 9.4% 21.2%
Return on assets 13.0% 5.9% 7.8%
Return on invested capital – 8.0% 11.0%
Return on capital employed 20.1% 9.2% 13.3%
Asset turnover 0.9x 0.5x 0.6x
Cash conversion (OCF / net income) 1.3x 1.3x 1.4x
Stock comp / revenue 1.2% 0.6% 0.8%

Financial Health

11 metrics
MetricBMIXYLECL
Debt / assets – 16.9% 44.0%
Debt / equity – 0.3x 1.3x
Net debt / EBITDA – 0.9x 2.1x
Debt / FCF – 3.0x 7.0x
Liabilities / assets 31.0% 39.9% 66.3%
Equity / assets 69.0% 60.1% 33.7%
Interest coverage – 57.4x 17.6x
Current ratio 2.5x 1.6x 1.8x
Quick ratio 1.2x 1.2x 1.5x
Cash ratio 0.5x 0.5x 0.9x
Altman Z-score 11.68 3.41 4.15

Shareholder Returns

7 metrics
MetricBMIXYLECL
Dividend yield 1.1% 1.6% 1.0%
Net buyback yield 2.8% 4.8% 1.3%
Shareholder yield 3.8% 6.4% 2.3%
Payout ratio (earnings) 37.7% 39.5% 37.4%
Payout ratio (FCF) 33.5% 41.9% 42.6%
Dividend growth (1Y) 14.1% 8.4% 13.4%
Dividend CAGR (3Y) 19.8% 17.8% 9.3%

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.

ConsensusBMIXYLECL
Forward P/E 31.9xFY2026 20.7xFY2026 36.5xFY2026
EPS, next fiscal year $4.74FY2026 $5.26FY2026 $7.90FY2026
EPS growth, next FY -1.0%FY2026 +3.5%FY2026 +4.9%FY2026
EPS growth, the year after +9.5% +13.7% +23.3%
Revenue, next fiscal year $938.78MFY2026 $9.81BFY2026 $17.24BFY2026
Revenue growth, next FY +2.4%FY2026 +8.5%FY2026 +7.2%FY2026
Revenue growth, the year after +10.0% +0.5% +5.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMIXYLECL
Held by institutions 100.0% 92.0% 80.0%
Institutions holding 479 1,092 1,710
Change in shares held, QoQ +7.9% +0.2% +1.4%
Institutions buying 254 488 762
Institutions selling 157 447 679
Buyers to sellers 1.62 1.09 1.12

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.

BMIXYLECL
BMI 1.00 0.45 0.19
XYL 0.45 1.00 0.38
ECL 0.19 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMI, XYL and ECL?

Ecolab (ECL) is the largest by market capitalisation: Badger Meter (BMI) $4.49B, Xylem (XYL) $25.57B, Ecolab (ECL) $81.05B.

Which stock is cheaper, BMI, XYL and ECL?

Xylem (XYL) trades on the lowest price-to-earnings ratio (Badger Meter (BMI) 35.5x, Xylem (XYL) 25.1x, Ecolab (ECL) 38.3x). On next year's consensus earnings, Xylem (XYL) is cheapest (Badger Meter (BMI) 31.9x, Xylem (XYL) 20.7x, Ecolab (ECL) 36.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ecolab (ECL) grew revenue fastest over the trailing twelve months: Badger Meter (BMI) -2.2%, Xylem (XYL) +4.5%, Ecolab (ECL) +7.1%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Badger Meter (BMI) 14.4%, Xylem (XYL) 11.2%, Ecolab (ECL) 12.6%). On return on invested capital, Ecolab (ECL) leads (Xylem (XYL) 8.0%, Ecolab (ECL) 11.0%).

Which stock has performed better?

Over the past year Ecolab (ECL) returned the most: Badger Meter (BMI) -19.1%, Xylem (XYL) -26.4%, Ecolab (ECL) +4.9%. Over five years, Badger Meter (BMI) compounded fastest (Badger Meter (BMI) +7.7%/yr, Xylem (XYL) -3.3%/yr, Ecolab (ECL) +5.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Xylem (XYL) has the highest dividend yield: Badger Meter (BMI) 0.01%, Xylem (XYL) 0.02%, Ecolab (ECL) 0.01%.

Which stock is riskier?

By one-year price volatility, Ecolab (ECL) has been the steadiest (Badger Meter (BMI) 49.4%, Xylem (XYL) 25.7%, Ecolab (ECL) 21.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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