Badger Meter, Inc. (BMI) vs Itron, Inc. (ITRI)

Badger Meter, Inc. and Itron, Inc. are both Scientific & Technical Instruments companies. Badger Meter, Inc. and Itron, Inc. are of similar size ($4.6B and $4.4B). Itron, Inc. trades at the lower P/E: 15.6× against 36.3×. Badger Meter, Inc. grew revenue faster over the last twelve months: −2.21% against −3.63%. Badger Meter, Inc. has the higher net margin (14.4% vs 12.1%) and the higher return on invested capital (17.7% vs 8.09%). Across the 22 metrics below, Badger Meter, Inc. leads on 12 and Itron, Inc. on 10.

Valuation

Metric BMI ITRI Scientific & Technical Instruments median
P/E 36.26 15.61 28.21
P/S 5.15 1.85 4.46
P/B 6.96 2.50 3.10
Price to free cash flow 31.85 11.70 24.15
EV/EBITDA 21.98 13.95 18.28
EV/Sales 5.07 2.37 4.64
Earnings yield 2.76% 6.40% 0.68%
Free cash flow yield 3.14% 8.55% 1.98%

Profitability

Metric BMI ITRI Scientific & Technical Instruments median
Gross margin 41.64% 40.66% 47.24%
Operating margin 18.76% 13.69% 8.96%
Net margin 14.36% 12.05% 1.92%
Free cash flow margin 16.16% 15.84% 10.59%
Return on equity 18.70% 16.30% 2.66%
Return on assets 13.17% 7.15% 1.12%
Return on invested capital 17.72% 8.09% 4.79%

Growth

Metric BMI ITRI Scientific & Technical Instruments median
Revenue growth (TTM) (2.21%) (3.63%) 9.26%
EPS growth (last fiscal year) 13.24% 25.48% 13.24%
Revenue growth, 5-year CAGR 16.59% 1.72% 7.89%
Net income growth, 5-year CAGR 23.48% 0.00% 0.00%

Health

Metric BMI ITRI Scientific & Technical Instruments median
Debt to equity 0.00 0.92 0.00
Current ratio 2.48 2.83 2.30
Net debt to EBITDA (1.04) 0.62 0.45

Dividend

Metric BMI ITRI Scientific & Technical Instruments median
Dividend yield 1.04% — 0.62%
Payout ratio 0.38 — 0.22

Size

Metric BMI ITRI Scientific & Technical Instruments median
Market cap 4.56b 4.36b 549.07m

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