Badger Meter, Inc. (BMI) vs Exponent, Inc. (EXPO)

A side-by-side comparison of Badger Meter, Inc. and Exponent, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — BMI vs EXPO

growth of $100 · dividends reinvested · last 10y
BMI +325.6% (+15.6%/yr)EXPO +214.1% (+12.1%/yr)BMI compounded faster over this window
200400600800Start $10020182020202220242026$426$314
BMI EXPO

BMI vs EXPO: by the numbers

  • •BMI is the larger company ($3.70B vs $3.26B market cap).
  • •BMI trades at the lower trailing earnings multiple (29.85 vs 30.18 P/E), one valuation lens rather than an overall verdict.
  • •EXPO converts more revenue to profit (17.67% vs 14.27% net margin).
  • •BMI grew revenue faster over the past five years (13.55% vs 8.90% CAGR).
  • •EXPO pays the higher dividend yield (1.76% vs 1.26%).

Metrics side by side

Valuation

MetricBMIEXPO
P/E ratio29.8530.18
Forward P/E28.7029.17
PEG ratio1.295.07
P/S ratio4.205.16
P/B ratio5.4211.31
EV / EBITDA18.6123.79
FCF yield4.06%3.33%

Profitability

MetricBMIEXPO
Gross margin41.31%24.60%
Operating margin18.58%20.17%
Net margin14.27%17.67%
ROE18.40%38.73%
ROIC14.81%18.49%

Dividends

MetricBMIEXPO
Dividend yield1.26%1.76%
Payout ratio38.32%55.16%

Growth (annualized)

MetricBMIEXPO
Revenue CAGR (5Y)13.55%8.90%
EPS CAGR (5Y)23.18%5.65%
FCF CAGR (5Y)15.68%0.14%
Total return CAGR (5Y)5.52%-8.23%

Frequently asked

Which has the lower trailing P/E, BMI or EXPO?
BMI has the lower trailing P/E: BMI trades at 29.85 and EXPO at 30.18. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, BMI or EXPO?
Over the past five years, BMI grew revenue faster — BMI at a 13.55% CAGR versus EXPO at 8.90%.
Does BMI or EXPO pay a bigger dividend?
BMI yields 1.26% and EXPO yields 1.76% based on trailing dividends and the latest price.
Is BMI or EXPO more profitable?
EXPO runs the higher net margin — BMI at 14.27% versus EXPO at 17.67%.
How have BMI and EXPO total returns compared?
Over the past 10 years, BMI delivered 15.45% and EXPO delivered 11.91% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.