Badger Meter BMI Peer Comparison

NYSE BMI
$127.51 -1.12 (-0.87%)
As of: Sep 9, 2026 · 3:59 PM EDT
Peer Comparison

81 Comparable Companies

Industry Water Treatment

Badger Meter Inc (BMI) is the 37th largest of 81 Water Treatment companies by market capitalisation, at 3.70 Bn, behind Mueller Water Products, Inc. at 3.75 Bn. It trades on a P/E of 29.40, broadly in line with the peer median of 28.76. The table below compares all 81 on 8 financial metrics.

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# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 ECL Ecolab Inc. primary I-38 Environmental Equipment IG-09 76.62 Bn 37.32 4.55 71.48 Bn
2 XYL Xylem Inc. primary I-38 Environmental Equipment IG-09 25.39 Bn 25.16 2.78 24.11 Bn
3 VLTO Veralto Corp primary I-38 Environmental Equipment IG-09 23.26 Bn 23.54 4.08 21.14 Bn
4 BMI Badger Meter Inc primary I-38 Environmental Equipment IG-09 3.70 Bn 29.40 4.19 3.60 Bn
5 NWPX NWPX Infrastructure, Inc. primary I-38 Environmental Equipment IG-09 1.03 Bn 21.14 1.79 1.01 Bn
6 ERII Energy Recovery, Inc. primary I-38 Environmental Equipment IG-09 0.38 Bn 24.78 3.15 0.29 Bn
7 CDZI Cadiz Inc primary I-38 Environmental Equipment IG-09 0.34 Bn -8.27 23.65 0.33 Bn
8 AIRJ AirJoule Technologies Corp. primary I-38 Environmental Equipment IG-09 0.31 Bn -3.63 — 0.27 Bn
9 CLWT Euro Tech Holdings Co Ltd primary I-38 Environmental Equipment IG-09 0.01 Bn 8.22 0.93 -0.01 Bn
10 RAIN Rain Enhancement Technologies Holdco, Inc. primary I-38 Environmental Equipment IG-09 0.01 Bn -1.34 1,781.09 0.01 Bn
11 QWTR Quest Water Global, Inc. primary I-38 Environmental Equipment IG-09 0.00 Bn 5.08 — 0.00 Bn
12 CETI Cyber Enviro-Tech, Inc. primary I-38 Environmental Equipment IG-09 0.00 Bn -0.27 209.77 0.00 Bn
13 DXST Decent Holding Inc. primary I-38 Environmental Equipment IG-09 0.00 Bn — — 0.00 Bn
14 CDTG CDT Environmental Technology Investment Holdings Ltd primary I-38 Environmental Equipment IG-09 0.00 Bn -0.06 0.04 0.00 Bn
15 PH Parker-Hannifin Corp secondary I-10 Machinery IG-02 120.13 Bn 32.93 5.59 119.63 Bn
16 TT Trane Technologies plc secondary I-14 Construction Products IG-03 98.27 Bn 47.77 4.42 96.95 Bn
17 BKR Baker Hughes Co secondary E-10 Oilfield Services and Equipment EG-04 63.03 Bn 20.18 2.27 47.30 Bn
18 CARR CARRIER GLOBAL Corp secondary I-14 Construction Products IG-03 47.99 Bn 40.84 2.17 46.64 Bn
19 FERG Ferguson Enterprises Inc. /DE/ secondary I-31 Distribution and Rental IG-07 43.40 Bn 21.39 1.38 42.58 Bn
20 IDXX Idexx Laboratories Inc /De secondary H-05 Pharmaceuticals and Biotechnology HG-01 40.69 Bn 35.70 8.94 40.49 Bn
21 IR Ingersoll Rand Inc. secondary I-10 Machinery IG-02 28.77 Bn 29.78 3.62 27.60 Bn
22 AWK American Water Works Company, Inc. secondary U-07 Regulated Utilities UG-02 27.58 Bn 24.45 5.22 27.39 Bn
23 TDY Teledyne Technologies Inc secondary I-02 Aerospace and Defense IG-01 27.56 Bn 28.26 4.32 27.22 Bn
24 DOV DOVER Corp secondary I-04 Machinery IG-02 25.81 Bn 22.74 3.06 24.05 Bn
25 CW Curtiss Wright Corp secondary I-02 Aerospace and Defense IG-01 20.85 Bn 38.53 5.71 20.37 Bn
26 ITT Itt Inc. secondary I-10 Machinery IG-02 17.74 Bn 41.58 3.74 17.14 Bn
27 DD DuPont de Nemours, Inc. secondary M-02 Chemicals MG-01 17.40 Bn 94.03 2.49 15.66 Bn
28 IEX Idex Corp /De/ secondary I-10 Machinery IG-02 16.65 Bn 32.07 4.65 16.03 Bn
29 GGG Graco Inc secondary I-10 Machinery IG-02 12.50 Bn 23.42 5.51 11.99 Bn
30 AIT Applied Industrial Technologies Inc secondary I-31 Distribution and Rental IG-07 12.13 Bn 29.25 2.44 12.00 Bn
31 WTS Watts Water Technologies Inc secondary I-10 Machinery IG-02 11.94 Bn 31.10 4.46 11.59 Bn
32 CR Crane Co secondary I-01 Aerospace and Defense IG-01 11.67 Bn 34.71 4.50 11.32 Bn
33 WMS Advanced Drainage Systems, Inc. secondary I-13 Construction Products IG-03 10.08 Bn 22.32 3.13 9.92 Bn
34 AVTR Avantor, Inc. secondary I-31 Distribution and Rental IG-07 10.07 Bn -17.42 1.53 9.76 Bn
35 SPXC SPX Technologies, Inc. secondary I-14 Construction Products IG-03 9.64 Bn 34.77 3.89 9.48 Bn
36 FLS Flowserve Corp secondary I-10 Machinery IG-02 9.61 Bn 24.64 2.07 8.88 Bn
37 PNR PENTAIR plc secondary I-10 Machinery IG-02 9.26 Bn 14.21 2.31 9.17 Bn
38 STN Stantec Inc secondary I-15 Construction Services IG-04 8.05 Bn 12.35 0.77 8.05 Bn
39 AOS Smith A O Corp secondary I-14 Construction Products IG-03 7.92 Bn 15.84 2.08 7.74 Bn
40 ZWS Zurn Elkay Water Solutions Corp secondary I-13 Construction Products IG-03 7.79 Bn 28.20 4.36 7.42 Bn
41 CHE Chemed Corp secondary H-15 Healthcare Providers HG-04 6.81 Bn 24.78 2.63 6.77 Bn
42 GTES Gates Industrial Corp Ltd. secondary I-04 Machinery IG-02 6.67 Bn 17.13 1.90 5.84 Bn
43 NPO Enpro Inc. secondary I-10 Machinery IG-02 6.36 Bn 144.14 5.19 6.28 Bn
44 PSN Parsons Corp secondary I-02 Aerospace and Defense IG-01 4.94 Bn 23.04 0.79 4.68 Bn
45 FELE Franklin Electric Co Inc secondary I-10 Machinery IG-02 4.35 Bn 27.61 1.97 4.25 Bn
46 ITRI Itron, Inc. secondary I-07 Machinery IG-02 4.18 Bn 14.01 1.81 3.43 Bn
47 MWA Mueller Water Products, Inc. secondary I-10 Machinery IG-02 3.75 Bn 16.89 2.54 3.26 Bn
48 KAI Kadant Inc secondary I-04 Machinery IG-02 3.44 Bn 30.90 2.98 3.30 Bn
49 CECO Ceco Environmental Corp secondary I-37 Environmental Equipment IG-09 3.38 Bn -119.96 3.74 3.32 Bn
50 DXPE Dxp Enterprises Inc secondary I-31 Distribution and Rental IG-07 2.90 Bn 31.12 1.35 2.67 Bn
51 HAYW Hayward Holdings, Inc. secondary I-10 Machinery IG-02 2.86 Bn 17.72 2.45 2.38 Bn
52 EFXT Enerflex Ltd. secondary E-11 Oilfield Services and Equipment EG-04 2.77 Bn -8.06 1.25 2.69 Bn
53 HWKN Hawkins Inc secondary M-02 Chemicals MG-01 2.60 Bn 32.31 2.35 2.60 Bn
54 HLIO Helios Technologies, Inc. secondary I-10 Machinery IG-02 2.33 Bn 33.03 2.62 2.26 Bn
55 BBUC Brookfield Business Corp secondary I-15 Construction Services IG-04 2.30 Bn 230.44 0.09 -2.46 Bn
56 ICHR Ichor Holdings, Ltd. secondary I-10 Machinery IG-02 2.05 Bn -51.00 2.03 1.80 Bn
57 GRC Gorman Rupp Co secondary I-10 Machinery IG-02 1.97 Bn 31.67 2.81 1.93 Bn
58 GHM Graham Corp secondary I-10 Machinery IG-02 1.02 Bn 92.80 3.90 0.99 Bn
59 ASTE Astec Industries Inc secondary I-05 Machinery IG-02 0.97 Bn 49.79 0.62 0.89 Bn
60 FET Forum Energy Technologies, Inc. secondary E-11 Oilfield Services and Equipment EG-04 0.91 Bn -578.99 1.09 0.88 Bn
61 ONT Onterris, Inc. secondary I-33 Waste Management IG-08 0.64 Bn -57.36 0.83 0.63 Bn
62 CWCO Consolidated Water Co. Ltd. secondary U-07 Regulated Utilities UG-02 0.45 Bn 31.47 3.57 0.32 Bn
63 CVEO Civeo Corp secondary I-27 Business Services IG-06 0.37 Bn -27.94 0.54 0.35 Bn
64 PPIH Perma-Pipe International Holdings, Inc. secondary I-10 Machinery IG-02 0.24 Bn 9.66 1.12 0.21 Bn
65 AP Ampco Pittsburgh Corp secondary I-09 Machinery IG-02 0.17 Bn -4.03 0.55 0.17 Bn
66 LUD Luda Technology Group Ltd secondary I-09 Machinery IG-02 0.10 Bn 66.93 2.90 0.09 Bn
67 HUHU HUHUTECH International Group Inc. secondary I-10 Machinery IG-02 0.10 Bn -5.67 4.76 0.09 Bn
68 RNGE Range Impact, Inc. secondary R-19 Property Developers RG-05 0.09 Bn 7.33 23.49 0.09 Bn
69 GEOS Geospace Technologies Corp secondary I-04 Machinery IG-02 0.07 Bn -1.80 0.73 0.06 Bn
70 FTEK Fuel Tech, Inc. secondary I-37 Environmental Equipment IG-09 0.05 Bn -15.05 1.92 0.03 Bn
71 NEPH Nephros Inc secondary H-06 Medical Devices and Diagnostics HG-02 0.05 Bn 32.83 2.41 0.05 Bn
72 SCWO 374Water Inc. secondary I-37 Environmental Equipment IG-09 0.04 Bn -2.20 22.76 0.04 Bn
73 BEEM Beam Global secondary I-45 Clean Energy Equipment IG-10 0.03 Bn -1.77 1.15 0.03 Bn
74 BCHT Birchtech Corp. secondary I-37 Environmental Equipment IG-09 0.03 Bn -7.47 1.35 0.01 Bn
75 CVAT Cavitation Technologies, Inc. secondary I-04 Machinery IG-02 0.02 Bn -12.74 1,393.74 0.02 Bn
76 LIQT Liqtech International Inc secondary I-37 Environmental Equipment IG-09 0.01 Bn -1.83 0.96 0.00 Bn
77 JBDI JBDI Holdings Ltd secondary I-31 Distribution and Rental IG-07 0.01 Bn 91.49 1.40 0.01 Bn
78 WFF WF Holding Ltd secondary I-09 Machinery IG-02 0.01 Bn -2.19 72.61 0.01 Bn
79 BNET Bion Environmental Technologies Inc secondary M-04 Chemicals MG-01 0.01 Bn -5.45 — 0.01 Bn
80 GNOLF Genoil Inc secondary E-11 Oilfield Services and Equipment EG-04 0.01 Bn -0.01 — 0.01 Bn
81 SLND-WT Southland Holdings, Inc. secondary I-15 Construction Services IG-04 0.00 Bn 0.00 0.00 -0.04 Bn