ECL vs JCI vs BMI Stock Comparison

Ecolab, Johnson Controls International and Badger Meter Prices as of Oct 29, 2026 Peers: Industry group
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ECL Ecolab Inc.
$300.86 +8.3% 1M +16.9% 1Y
Market cap
$84.72B
P/E
40.7x
Revenue (TTM)
$17.37B
Div. yield
0.01%
Water Treatment Industrials
2 wins
BMI Badger Meter Inc
$149.66 +18.8% 1M -18.2% 1Y
Market cap
$4.30B
P/E
34.0x
Revenue (TTM)
$881.24M
Div. yield
0.01%
Water Treatment Industrials
3 wins

Head to Head

10 decided of 12

Johnson Controls International leads on 5 of the 12 questions below (Johnson Controls International 5, Badger Meter 3, Ecolab 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionECLJCIBMILeader
Larger companyMarket capitalisation $84.72B $91.75B $4.30B JCI
Cheaper on earningsLower P/E, profitable companies only 40.7x 32.2x 34.0x JCI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 38.1x 24.7x 31.6x JCI
Faster revenue growthRevenue growth, trailing twelve months +9.3% — -2.2% ECL
More profitableNet margin, trailing twelve months 12.0% — 14.4% BMI
Better return on capitalReturn on invested capital 10.0% — — –
Less leveragedLower net debt / EBITDA 3.1x — — –
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.01% BMI
Better 1-year returnPrice return, last 12 months +16.9% +39.6% -18.2% JCI
Better 5-year returnAnnualised price return, 5 years +6.3%/yr +16.6%/yr +7.9%/yr JCI
Less volatileAnnualised volatility, 1 year 21.2% 31.7% 49.9% ECL
Higher overall scoreMean of the five percentile scores vs peers 64/100 37/100 73/100 BMI

Percentile Scorecard

ECLJCIBMI

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

AxisECLJCIBMI
Valuation 50 #11 of 21 9 #50 of 55 60 #9 of 21
Growth 83 #4 of 19 80 #11 of 51 67 #7 of 19
Profitability 93 #2 of 16 – 100 #1 of 16
Financial Health 25 #16 of 21 – 60 #9 of 21
Shareholder Returns 67 #4 of 10 23 #31 of 40 78 #3 of 10
Overall 64 37 73
  • ECL ranked among 22 companies in Environmental Equipment
  • JCI ranked among 59 companies in Construction Products
  • BMI ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodECLJCIBMISPY
1 month +8.3%+5.9%+18.8% +0.7%
3 months +7.7%+10.0%+14.6% +3.7%
6 months +15.4%+8.4%+23.8% +7.1%
Year to date +14.6%+32.1%-14.2% +12.8%
1 year +16.9%+39.6%-18.2% +11.9%
3 years +89.0%+225.5%+8.8% +85.2%
3 years, per year +23.7%+48.2%+2.8% +22.8%
5 years +35.4%+115.7%+46.4% +67.6%
5 years, per year +6.3%+16.6%+7.9% +10.9%
10 years +161.4%+261.6%+372.1% +262.0%
10 years, per year +10.1%+13.7%+16.8% +13.7%

Risk

MeasureECLJCIBMISPY
Volatility, 1Y 21.2%31.7%49.9% 12.7%
Downside volatility, 1Y 20.4%32.8%56.4% 12.6%
Beta vs S&P 500, 1Y 0.481.160.64 1.00
Return / volatility, 1Y 0.791.25-0.37 0.94
Max drawdown, 5Y -44.3%-43.1%-55.4% -25.4%
From 52-week high -2.4%-0.3%-20.3% -1.2%
52-week high $308.35$158.77$187.87 $779.14
52-week low $245.73$110.85$113.41 $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.

MultipleECLJCIBMI
P/E now vs peer median 40.5xmedian 25.4x 33.7xmedian 20.3x 34.0xmedian 25.4x
P/S now vs peer median 4.9xmedian 2.5x 3.6xmedian 1.6x 4.9xmedian 2.5x
EV/EBITDA now vs peer median 24.3xmedian 17.9x —median 12.6x 20.7xmedian 17.9x
P/FCF now vs peer median 47.0xmedian 22.3x 28.6xmedian 16.9x 30.0xmedian 22.3x
P/B now vs peer median 8.1xmedian 1.8x 7.0xmedian 3.0x 6.6xmedian 1.8x
PEG now vs peer median 2.04median 1.73 1.67median 1.13 2.30median 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 monthsECLJCIBMI
Revenue $17.37B – $881.24M
Gross profit $7.63B $9.52B $366.94M
Operating income $2.90B – $165.34M
Net income $2.10B – $126.53M
Free cash flow $1.80B – $142.39M
EPS (diluted) $7.38 $4.68 $4.38
Cash & equivalents $722.30M $618.00M $67.93M
Total debt $13.19B – –
Shares (diluted) 282.10M 610.00M 28.87M
Enterprise value $77.70B $91.75B $3.70B

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
MetricECLJCIBMI
P/E 40.5x 33.7x 34.0x
P/FCF 47.0x 28.6x 30.0x
P/Operating cash flow 27.9x 24.8x 26.9x
P/S 4.9x 3.6x 4.9x
P/B 8.1x 7.0x 6.6x
P/Tangible book 15.8x 9.4x 8.7x
EV/EBITDA 24.3x – 20.7x
EV/EBIT 33.4x – 25.4x
EV/Revenue 5.6x – 4.8x
EV/FCF 54.0x – 29.5x
EV/Operating cash flow 32.0x 24.8x 26.5x
PEG (3Y EPS CAGR) 2.04 1.67 2.30

Growth

14 metrics
MetricECLJCIBMI
Revenue growth (1Y) 9.3% – -2.2%
Revenue CAGR (3Y) 4.9% – 9.6%
Gross profit growth (1Y) 8.4% 10.7% -1.3%
Gross profit CAGR (3Y) 8.8% 6.8% 11.9%
Operating income growth (1Y) 11.3% – -7.9%
Operating income CAGR (3Y) 17.2% – 15.1%
Net income growth (1Y) 4.7% – -8.8%
Net income CAGR (3Y) 18.8% – 14.0%
EPS growth (1Y) 6.2% -7.0% -6.6%
EPS CAGR (3Y) 19.8% 20.2% 14.8%
Operating cash flow growth (1Y) 15.2% 51.6% -12.3%
Operating cash flow CAGR (3Y) 7.8% 27.8% 15.9%
Free cash flow growth (1Y) 15.6% – -14.4%
Free cash flow CAGR (3Y) 1.8% – 16.2%

Profitability

14 metrics
MetricECLJCIBMI
Gross margin 43.9% – 41.6%
EBITDA margin 22.9% – 23.1%
Operating margin 16.7% – 18.8%
Pretax margin 15.0% – 19.1%
Net margin 12.0% – 14.4%
FCF margin 10.3% – 16.2%
Operating cash flow margin 17.4% – 18.0%
Return on equity 20.4% 21.1% 19.0%
Return on assets 6.9% 7.3% 13.0%
Return on invested capital 10.0% – –
Return on capital employed 12.0% – 20.1%
Asset turnover 0.6x – 0.9x
Cash conversion (OCF / net income) 1.4x – 1.3x
Stock comp / revenue 0.8% – 1.2%

Financial Health

11 metrics
MetricECLJCIBMI
Debt / assets 42.4% – –
Debt / equity 1.3x – –
Net debt / EBITDA 3.1x – –
Debt / FCF 7.3x – –
Liabilities / assets 66.4% – 31.0%
Equity / assets 33.6% 33.9% 69.0%
Interest coverage 8.0x – –
Current ratio 1.1x 0.9x 2.5x
Quick ratio 0.7x – 1.2x
Cash ratio 0.1x – 0.5x
Altman Z-score 3.96 – 11.60

Shareholder Returns

7 metrics
MetricECLJCIBMI
Dividend yield 1.0% 1.0% 1.1%
Net buyback yield 1.1% – 2.8%
Shareholder yield 2.1% 1.0% 3.9%
Payout ratio (earnings) 39.0% – 37.7%
Payout ratio (FCF) 45.6% – 33.5%
Dividend growth (1Y) 12.7% – 14.1%
Dividend CAGR (3Y) 9.7% – 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.

ConsensusECLJCIBMI
Forward P/E 38.1xFY2026 24.7xFY2027 31.6xFY2026
EPS, next fiscal year $7.90FY2026 $6.41FY2027 $4.73FY2026
EPS growth, next FY +4.9%FY2026 +36.6%FY2027 -1.3%FY2026
EPS growth, the year after +23.2% +8.4% +10.4%
Revenue, next fiscal year $17.26BFY2026 $26.80BFY2026 $930.20MFY2026
Revenue growth, next FY +7.3%FY2026 +13.6%FY2026 +1.5%FY2026
Revenue growth, the year after +5.4% +6.3% +10.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersECLJCIBMI
Held by institutions 80.0% 89.5% 100.0%
Institutions holding 1,712 1,598 480
Change in shares held, QoQ +1.4% -1.1% +7.9%
Institutions buying 764 791 254
Institutions selling 679 557 157
Buyers to sellers 1.13 1.42 1.62

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.

ECLJCIBMI
ECL 1.00 0.17 0.20
JCI 0.17 1.00 0.05
BMI 0.20 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ECL, JCI and BMI?

Johnson Controls International (JCI) is the largest by market capitalisation: Ecolab (ECL) $84.72B, Johnson Controls International (JCI) $91.75B, Badger Meter (BMI) $4.30B.

Which stock is cheaper, ECL, JCI and BMI?

Johnson Controls International (JCI) trades on the lowest price-to-earnings ratio (Ecolab (ECL) 40.7x, Johnson Controls International (JCI) 32.2x, Badger Meter (BMI) 34.0x). On next year's consensus earnings, Johnson Controls International (JCI) is cheapest (Ecolab (ECL) 38.1x, Johnson Controls International (JCI) 24.7x, Badger Meter (BMI) 31.6x). 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: Ecolab (ECL) +9.3%, Badger Meter (BMI) -2.2%.

Which company is more profitable?

Badger Meter (BMI) has the highest net margin (Ecolab (ECL) 12.0%, Badger Meter (BMI) 14.4%).

Which stock has performed better?

Over the past year Johnson Controls International (JCI) returned the most: Ecolab (ECL) +16.9%, Johnson Controls International (JCI) +39.6%, Badger Meter (BMI) -18.2%. Over five years, Johnson Controls International (JCI) compounded fastest (Ecolab (ECL) +6.3%/yr, Johnson Controls International (JCI) +16.6%/yr, Badger Meter (BMI) +7.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Badger Meter (BMI) has the highest dividend yield: Ecolab (ECL) 0.01%, Johnson Controls International (JCI) 0.00%, Badger Meter (BMI) 0.01%. Johnson Controls International (JCI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ecolab (ECL) has been the steadiest (Ecolab (ECL) 21.2%, Johnson Controls International (JCI) 31.7%, Badger Meter (BMI) 49.9%). Volatility measures how widely the price swings, not the risk of the business.

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

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