Badger Meter, Inc. (BMI) vs Mesa Laboratories, Inc. (MLAB)

Badger Meter, Inc. and Mesa Laboratories, Inc. are both Scientific & Technical Instruments companies. Badger Meter, Inc. is the larger, with a market value of $4.6B against $667.6M — 6.8× the size. Badger Meter, Inc. trades at the lower P/E: 36.3× against 148×. Mesa Laboratories, Inc. grew revenue faster over the last twelve months: 3.04% against −2.21%. Badger Meter, Inc. has the higher net margin (14.4% vs 1.92%) and the higher return on invested capital (17.7% vs 4.67%). Both pay a dividend; Badger Meter, Inc. yields more (1.04% vs 0.50%). Across the 23 metrics below, Badger Meter, Inc. leads on 13 and Mesa Laboratories, Inc. on 10.

Valuation

Metric BMI MLAB Scientific & Technical Instruments median
P/E 36.26 147.88 28.21
P/S 5.15 2.88 4.46
P/B 6.96 3.81 3.10
Price to free cash flow 31.85 13.61 24.15
EV/EBITDA 21.98 18.30 18.28
EV/Sales 5.07 3.33 4.64
Earnings yield 2.76% 0.68% 0.68%
Free cash flow yield 3.14% 7.35% 1.98%

Profitability

Metric BMI MLAB Scientific & Technical Instruments median
Gross margin 41.64% 64.21% 47.24%
Operating margin 18.76% 9.00% 8.96%
Net margin 14.36% 1.92% 1.92%
Free cash flow margin 16.16% 21.17% 10.59%
Return on equity 18.70% 2.66% 2.66%
Return on assets 13.17% 1.12% 1.12%
Return on invested capital 17.72% 4.67% 4.79%

Growth

Metric BMI MLAB Scientific & Technical Instruments median
Revenue growth (TTM) (2.21%) 3.04% 9.26%
EPS growth (last fiscal year) 13.24% 436.11% 13.24%
Revenue growth, 5-year CAGR 16.59% 13.22% 7.89%
Net income growth, 5-year CAGR 23.48% 15.44% 0.00%

Health

Metric BMI MLAB Scientific & Technical Instruments median
Debt to equity 0.00 0.76 0.00
Current ratio 2.48 1.79 2.30
Net debt to EBITDA (1.04) 2.98 0.45

Dividend

Metric BMI MLAB Scientific & Technical Instruments median
Dividend yield 1.04% 0.50% 0.62%
Payout ratio 0.38 0.76 0.22

Size

Metric BMI MLAB Scientific & Technical Instruments median
Market cap 4.56b 667.58m 549.07m

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