Badger Meter, Inc. (BMI) vs Trimble Inc. (TRMB)

Badger Meter, Inc. and Trimble Inc. are both Scientific & Technical Instruments companies. Trimble Inc. is the larger, with a market value of $15.3B against $4.4B — 3.5× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; Badger Meter, Inc. trades at 35.1×. Trimble Inc. grew revenue faster over the last twelve months: 5.80% against −2.21%. Badger Meter, Inc. has the higher net margin (14.4% vs −2.77%) and the higher return on invested capital (17.7% vs 6.32%). Across the 21 metrics below, Badger Meter, Inc. leads on 12 and Trimble Inc. on 9.

Valuation

Metric BMI TRMB Scientific & Technical Instruments median
P/E 35.07 n/m 31.41
P/S 4.98 4.05 4.70
P/B 6.74 3.00 3.26
Price to free cash flow 30.80 20.01 28.46
EV/EBITDA 21.25 19.59 19.55
EV/Sales 4.90 4.38 4.93
Earnings yield 2.85% (0.72%) 0.68%
Free cash flow yield 3.25% 5.00% 1.81%

Profitability

Metric BMI TRMB Scientific & Technical Instruments median
Gross margin 41.64% 69.80% 46.96%
Operating margin 18.76% 16.99% 8.96%
Net margin 14.36% (2.77%) 1.92%
Free cash flow margin 16.16% 20.44% 10.53%
Return on equity 18.70% (1.94%) 2.66%
Return on assets 13.17% (1.19%) 1.12%
Return on invested capital 17.72% 6.32% 4.67%

Growth

Metric BMI TRMB Scientific & Technical Instruments median
Revenue growth (TTM) (2.21%) 5.80% 9.26%
EPS growth (last fiscal year) 13.24% (71.10%) 13.24%
Revenue growth, 5-year CAGR 16.59% 2.65% 7.89%
Net income growth, 5-year CAGR 23.48% 1.69% 0.00%

Health

Metric BMI TRMB Scientific & Technical Instruments median
Debt to equity 0.00 0.29 0.00
Current ratio 2.48 0.95 2.31
Net debt to EBITDA (1.04) 1.44 0.45

Dividend

Metric BMI TRMB Scientific & Technical Instruments median
Dividend yield 1.07% — 0.55%
Payout ratio 0.38 — 0.29

Size

Metric BMI TRMB Scientific & Technical Instruments median
Market cap 4.36b 15.30b 682.53m

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