NWPX vs BMI Stock Comparison

NWPX Infrastructure and Badger Meter Prices as of Oct 26, 2026 Peers: Industry group
BMI Badger Meter Inc
$156.05 +20.4% 1M -16.7% 1Y
Market cap
$4.35B
P/E
34.4x
Revenue (TTM)
$881.24M
Div. yield
0.01%
Water Treatment Industrials
2 wins

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.

QuestionNWPXBMILeader
Larger companyMarket capitalisation $962.45M $4.35B BMI
Cheaper on earningsLower P/E, profitable companies only 19.7x 34.4x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.7x 33.0x NWPX
Faster revenue growthRevenue growth, trailing twelve months +15.1% -2.2% NWPX
More profitableNet margin, trailing twelve months 8.5% 14.4% BMI
Better return on capitalReturn on invested capital 12.1% — –
Less leveragedLower net debt / EBITDA -0.1x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +76.2% -16.7% NWPX
Better 5-year returnAnnualised price return, 5 years +32.9%/yr +9.0%/yr NWPX
Less volatileAnnualised volatility, 1 year 39.9% 49.5% NWPX
Higher overall scoreMean of the five percentile scores vs peers 81/100 70/100 NWPX

Percentile Scorecard

NWPXBMI

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

AxisNWPXBMI
Valuation 100 #1 of 21 55 #10 of 21
Growth 94 #2 of 19 61 #8 of 19
Profitability 75 #5 of 17 94 #2 of 17
Financial Health 86 #4 of 22 62 #9 of 22
Shareholder Returns 50 #6 of 11 80 #3 of 11
Overall 81 70
  • NWPX ranked among 22 companies in Environmental Equipment
  • 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

PeriodNWPXBMISPY
1 month -5.8%+20.4% -0.8%
3 months -24.5%+21.9% +3.5%
6 months +15.1%+26.9% +7.0%
Year to date +55.0%-10.5% +12.2%
1 year +76.2%-16.7% +13.0%
3 years +253.4%+13.2% +86.3%
3 years, per year +52.4%+4.2% +23.1%
5 years +314.3%+53.8% +68.6%
5 years, per year +32.9%+9.0% +11.0%
10 years +613.8%+388.1% +258.0%
10 years, per year +21.7%+17.2% +13.6%

Risk

MeasureNWPXBMISPY
Volatility, 1Y 39.9%49.5% 12.7%
Downside volatility, 1Y 34.6%56.0% 12.7%
Beta vs S&P 500, 1Y 1.290.68 1.00
Return / volatility, 1Y 1.91-0.34 1.02
Max drawdown, 5Y -35.8%-55.4% -25.4%
From 52-week high -35.4%-16.9% -1.8%
52-week high $149.94$187.87 $779.14
52-week low $53.85$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.

MultipleNWPXBMI
P/E now vs peer median 19.1xmedian 25.6x 35.5xmedian 25.6x
P/S now vs peer median 1.6xmedian 2.5x 5.1xmedian 2.5x
EV/EBITDA now vs peer median 10.7xmedian 19.1x 21.6xmedian 19.1x
P/FCF now vs peer median 11.7xmedian 25.2x 31.3xmedian 25.2x
P/B now vs peer median 2.2xmedian 2.0x 6.8xmedian 2.0x
PEG now vs peer median 0.88median 1.54 2.40median 1.54

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 monthsNWPXBMI
Revenue $574.44M $881.24M
Gross profit $119.93M $366.94M
Operating income $65.87M $165.34M
Net income $48.75M $126.53M
Free cash flow $79.65M $142.39M
EPS (diluted) $4.98 $4.38
Cash & equivalents $19.32M $67.93M
Total debt $9.98M –
Shares (diluted) 9.79M 28.87M
Enterprise value $923.92M $3.76B

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
MetricNWPXBMI
P/E 19.1x 35.5x
P/FCF 11.7x 31.3x
P/Operating cash flow 9.3x 28.1x
P/S 1.6x 5.1x
P/B 2.2x 6.8x
P/Tangible book 2.4x 9.0x
EV/EBITDA 10.7x 21.6x
EV/EBIT 14.0x 26.5x
EV/Revenue 1.6x 5.0x
EV/FCF 11.6x 30.8x
EV/Operating cash flow 9.2x 27.7x
PEG (3Y EPS CAGR) 0.88 2.40

Growth

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

Profitability

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

Financial Health

11 metrics
MetricNWPXBMI
Debt / assets 1.5% –
Debt / equity 0.0x –
Net debt / EBITDA -0.1x –
Debt / FCF 0.1x –
Liabilities / assets 35.8% 31.0%
Equity / assets 64.2% 69.0%
Interest coverage 35.1x –
Current ratio 2.7x 2.5x
Quick ratio 1.9x 1.2x
Cash ratio 0.2x 0.5x
Altman Z-score 4.65 11.98

Shareholder Returns

7 metrics
MetricNWPXBMI
Dividend yield – 1.1%
Net buyback yield 1.5% 2.7%
Shareholder yield 1.5% 3.7%
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.

ConsensusNWPXBMI
Forward P/E 18.7xFY2026 33.0xFY2026
EPS, next fiscal year $5.19FY2026 $4.73FY2026
EPS growth, next FY +45.8%FY2026 -1.3%FY2026
EPS growth, the year after -7.5% +10.4%
Revenue, next fiscal year $573.90MFY2026 $930.20MFY2026
Revenue growth, next FY +9.1%FY2026 +1.5%FY2026
Revenue growth, the year after +3.8% +10.4%

Institutional Ownership

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

NWPXBMI
NWPX 1.00 0.16
BMI 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NWPX and BMI?

Badger Meter (BMI) is the largest by market capitalisation: NWPX Infrastructure (NWPX) $962.45M, Badger Meter (BMI) $4.35B.

Which stock is cheaper, NWPX and BMI?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (NWPX Infrastructure (NWPX) 19.7x, Badger Meter (BMI) 34.4x). On next year's consensus earnings, NWPX Infrastructure (NWPX) is cheapest (NWPX Infrastructure (NWPX) 18.7x, Badger Meter (BMI) 33.0x). 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: NWPX Infrastructure (NWPX) +15.1%, Badger Meter (BMI) -2.2%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: NWPX Infrastructure (NWPX) +76.2%, Badger Meter (BMI) -16.7%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (NWPX Infrastructure (NWPX) +32.9%/yr, Badger Meter (BMI) +9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: NWPX Infrastructure (NWPX) 0.00%, Badger Meter (BMI) 0.01%. NWPX Infrastructure (NWPX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, NWPX Infrastructure (NWPX) has been the steadiest (NWPX Infrastructure (NWPX) 39.9%, Badger Meter (BMI) 49.5%). Volatility measures how widely the price swings, not the risk of the business.

Do NWPX and BMI 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, NWPX 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, 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.