ECL vs BMI vs NWPX Stock Comparison

Ecolab, Badger Meter and NWPX Infrastructure Prices as of Oct 23, 2026 Peers: Industry group
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
2 wins
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

Head to Head

12 decided of 12

NWPX Infrastructure leads on 8 of the 12 questions below (NWPX Infrastructure 8, Ecolab 2, Badger Meter 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionECLBMINWPXLeader
Larger companyMarket capitalisation $81.05B $4.49B $932.77M ECL
Cheaper on earningsLower P/E, profitable companies only 38.3x 35.5x 19.1x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 36.5x 31.9x 18.8x NWPX
Faster revenue growthRevenue growth, trailing twelve months +7.1% -2.2% +15.1% NWPX
More profitableNet margin, trailing twelve months 12.6% 14.4% 8.5% BMI
Better return on capitalReturn on invested capital 11.0% — 12.1% NWPX
Less leveragedLower net debt / EBITDA 2.1x — -0.1x NWPX
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.00% BMI
Better 1-year returnPrice return, last 12 months +4.9% -19.1% +79.3% NWPX
Better 5-year returnAnnualised price return, 5 years +5.4%/yr +7.7%/yr +33.1%/yr NWPX
Less volatileAnnualised volatility, 1 year 21.9% 49.4% 39.9% ECL
Higher overall scoreMean of the five percentile scores vs peers 66/100 70/100 81/100 NWPX

Percentile Scorecard

ECLBMINWPX

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

AxisECLBMINWPX
Valuation 50 #11 of 21 55 #10 of 21 100 #1 of 21
Growth 83 #4 of 19 61 #8 of 19 94 #2 of 19
Profitability 88 #3 of 17 94 #2 of 17 75 #5 of 17
Financial Health 48 #12 of 22 62 #9 of 22 86 #4 of 22
Shareholder Returns 60 #5 of 11 80 #3 of 11 50 #6 of 11
Overall 66 70 81
  • ECL ranked among 22 companies in Environmental Equipment
  • BMI ranked among 22 companies in Environmental Equipment
  • 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

PeriodECLBMINWPXSPY
1 month +4.3%+14.0%-5.2% -1.0%
3 months +7.4%+19.5%-24.7% +2.9%
6 months +7.1%+24.0%+14.8% +6.4%
Year to date +9.9%-13.4%+55.7% +11.4%
1 year +4.9%-19.1%+79.3% +13.1%
3 years +80.1%+10.3%+257.4% +79.4%
3 years, per year +21.7%+3.3%+52.9% +21.5%
5 years +30.3%+44.6%+316.6% +67.7%
5 years, per year +5.4%+7.7%+33.1% +10.9%
10 years +149.2%+377.3%+615.6% +255.2%
10 years, per year +9.6%+16.9%+21.8% +13.5%

Risk

MeasureECLBMINWPXSPY
Volatility, 1Y 21.9%49.4%39.9% 12.7%
Downside volatility, 1Y 22.0%55.9%34.6% 12.7%
Beta vs S&P 500, 1Y 0.480.641.29 1.00
Return / volatility, 1Y 0.23-0.391.99 1.03
Max drawdown, 5Y -44.3%-55.4%-35.8% -25.4%
From 52-week high -6.4%-19.6%-35.1% -2.5%
52-week high $308.35$187.87$149.94 $779.14
52-week low $245.73$113.41$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.

MultipleECLBMINWPX
P/E now vs peer median 38.3xmedian 25.9x 34.3xmedian 25.9x 19.2xmedian 25.9x
P/S now vs peer median 4.8xmedian 2.5x 4.9xmedian 2.5x 1.6xmedian 2.5x
EV/EBITDA now vs peer median 22.9xmedian 19.3x 20.9xmedian 19.3x 10.7xmedian 19.3x
P/FCF now vs peer median 43.2xmedian 25.4x 30.3xmedian 25.4x 11.8xmedian 25.4x
P/B now vs peer median 8.0xmedian 2.0x 6.6xmedian 2.0x 2.2xmedian 2.0x
PEG now vs peer median 1.72median 1.53 2.32median 1.53 0.88median 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 monthsECLBMINWPX
Revenue $16.84B $881.24M $574.44M
Gross profit $7.43B $366.94M $119.93M
Operating income $2.85B $165.34M $65.87M
Net income $2.13B $126.53M $48.75M
Free cash flow $1.87B $142.39M $79.65M
EPS (diluted) $7.50 $4.38 $4.98
Cash & equivalents $5.14B $67.93M $19.32M
Total debt $38.40B – $84.97M
Shares (diluted) 282.20M 28.87M 9.79M
Enterprise value $72.79B $3.89B $894.24M

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
MetricECLBMINWPX
P/E 38.3x 34.3x 19.2x
P/FCF 43.2x 30.3x 11.8x
P/Operating cash flow 26.5x 27.2x 9.3x
P/S 4.8x 4.9x 1.6x
P/B 8.0x 6.6x 2.2x
P/Tangible book 12.2x 8.7x 2.4x
EV/EBITDA 22.9x 20.9x 10.7x
EV/EBIT 31.2x 25.7x 14.1x
EV/Revenue 5.3x 4.8x 1.6x
EV/FCF 47.4x 29.8x 11.7x
EV/Operating cash flow 29.1x 26.8x 9.3x
PEG (3Y EPS CAGR) 1.72 2.32 0.88

Growth

14 metrics
MetricECLBMINWPX
Revenue growth (1Y) 7.1% -2.2% 15.1%
Revenue CAGR (3Y) 4.5% 9.6% 8.9%
Gross profit growth (1Y) 7.5% -1.3% 27.3%
Gross profit CAGR (3Y) 9.4% 11.9% 11.7%
Operating income growth (1Y) -1.4% -7.9% 47.2%
Operating income CAGR (3Y) 18.4% 15.1% 16.5%
Net income growth (1Y) -1.0% -8.8% 46.1%
Net income CAGR (3Y) 21.3% 14.0% 20.7%
EPS growth (1Y) 0.2% -6.6% 48.6%
EPS CAGR (3Y) 22.3% 14.8% 21.8%
Operating cash flow growth (1Y) 16.5% -12.3% 45.1%
Operating cash flow CAGR (3Y) 13.9% 15.9% 42.3%
Free cash flow growth (1Y) 19.1% -14.4% 53.7%
Free cash flow CAGR (3Y) 12.2% 16.2% 87.6%

Profitability

14 metrics
MetricECLBMINWPX
Gross margin 44.1% 41.6% 20.9%
EBITDA margin 23.1% 23.1% 15.0%
Operating margin 16.9% 18.8% 11.5%
Pretax margin 15.6% 19.1% 11.0%
Net margin 12.6% 14.4% 8.5%
FCF margin 11.1% 16.2% 13.9%
Operating cash flow margin 18.1% 18.0% 17.5%
Return on equity 21.2% 19.0% 11.9%
Return on assets 7.8% 13.0% 7.6%
Return on invested capital 11.0% – 12.1%
Return on capital employed 13.3% 20.1% 12.5%
Asset turnover 0.6x 0.9x 0.9x
Cash conversion (OCF / net income) 1.4x 1.3x 2.1x
Stock comp / revenue 0.8% 1.2% 1.1%

Financial Health

11 metrics
MetricECLBMINWPX
Debt / assets 44.0% – 1.5%
Debt / equity 1.3x – 0.0x
Net debt / EBITDA 2.1x – -0.1x
Debt / FCF 7.0x – 0.1x
Liabilities / assets 66.3% 31.0% 35.8%
Equity / assets 33.7% 69.0% 64.2%
Interest coverage 17.6x – 35.1x
Current ratio 1.8x 2.5x 2.7x
Quick ratio 1.5x 1.2x 1.9x
Cash ratio 0.9x 0.5x 0.2x
Altman Z-score 4.15 11.68 4.66

Shareholder Returns

7 metrics
MetricECLBMINWPX
Dividend yield 1.0% 1.1% –
Net buyback yield 1.3% 2.8% 1.5%
Shareholder yield 2.3% 3.8% 1.5%
Payout ratio (earnings) 37.4% 37.7% –
Payout ratio (FCF) 42.6% 33.5% –
Dividend growth (1Y) 13.4% 14.1% –
Dividend CAGR (3Y) 9.3% 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.

ConsensusECLBMINWPX
Forward P/E 36.5xFY2026 31.9xFY2026 18.8xFY2026
EPS, next fiscal year $7.90FY2026 $4.74FY2026 $5.19FY2026
EPS growth, next FY +4.9%FY2026 -1.0%FY2026 +45.8%FY2026
EPS growth, the year after +23.3% +9.5% -7.5%
Revenue, next fiscal year $17.24BFY2026 $938.78MFY2026 $573.90MFY2026
Revenue growth, next FY +7.2%FY2026 +2.4%FY2026 +9.1%FY2026
Revenue growth, the year after +5.4% +10.0% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersECLBMINWPX
Held by institutions 80.0% 100.0% 89.5%
Institutions holding 1,710 479 224
Change in shares held, QoQ +1.4% +7.9% +4.6%
Institutions buying 762 254 125
Institutions selling 679 157 65
Buyers to sellers 1.12 1.62 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.

ECLBMINWPX
ECL 1.00 0.19 0.21
BMI 0.19 1.00 0.17
NWPX 0.21 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ECL, BMI and NWPX?

Ecolab (ECL) is the largest by market capitalisation: Ecolab (ECL) $81.05B, Badger Meter (BMI) $4.49B, NWPX Infrastructure (NWPX) $932.77M.

Which stock is cheaper, ECL, BMI and NWPX?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (Ecolab (ECL) 38.3x, Badger Meter (BMI) 35.5x, NWPX Infrastructure (NWPX) 19.1x). On next year's consensus earnings, NWPX Infrastructure (NWPX) is cheapest (Ecolab (ECL) 36.5x, 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: Ecolab (ECL) +7.1%, Badger Meter (BMI) -2.2%, NWPX Infrastructure (NWPX) +15.1%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Ecolab (ECL) 12.6%, Badger Meter (BMI) 14.4%, NWPX Infrastructure (NWPX) 8.5%). On return on invested capital, NWPX Infrastructure (NWPX) leads (Ecolab (ECL) 11.0%, NWPX Infrastructure (NWPX) 12.1%).

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: Ecolab (ECL) +4.9%, Badger Meter (BMI) -19.1%, NWPX Infrastructure (NWPX) +79.3%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (Ecolab (ECL) +5.4%/yr, Badger Meter (BMI) +7.7%/yr, NWPX Infrastructure (NWPX) +33.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Badger Meter (BMI) has the highest dividend yield: Ecolab (ECL) 0.01%, Badger Meter (BMI) 0.01%, NWPX Infrastructure (NWPX) 0.00%. NWPX Infrastructure (NWPX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ecolab (ECL) has been the steadiest (Ecolab (ECL) 21.9%, Badger Meter (BMI) 49.4%, NWPX Infrastructure (NWPX) 39.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ECL, BMI 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 8. 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.