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.
BMI
Badger Meter, Inc.
$127.77IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
EXPO
Exponent, Inc.
$67.30IndustrialsDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — BMI vs EXPO
growth of $100 · dividends reinvested · last 10yBMI +325.6% (+15.6%/yr)EXPO +214.1% (+12.1%/yr)BMI compounded faster over this window
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
| Metric | BMI | EXPO |
|---|---|---|
| P/E ratio | 29.85 | 30.18 |
| Forward P/E | 28.70 | 29.17 |
| PEG ratio | 1.29 | 5.07 |
| P/S ratio | 4.20 | 5.16 |
| P/B ratio | 5.42 | 11.31 |
| EV / EBITDA | 18.61 | 23.79 |
| FCF yield | 4.06% | 3.33% |
Profitability
| Metric | BMI | EXPO |
|---|---|---|
| Gross margin | 41.31% | 24.60% |
| Operating margin | 18.58% | 20.17% |
| Net margin | 14.27% | 17.67% |
| ROE | 18.40% | 38.73% |
| ROIC | 14.81% | 18.49% |
Dividends
| Metric | BMI | EXPO |
|---|---|---|
| Dividend yield | 1.26% | 1.76% |
| Payout ratio | 38.32% | 55.16% |
Growth (annualized)
| Metric | BMI | EXPO |
|---|---|---|
| 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.
Go deeper
Dig into the metrics
Badger Meter P/E ratioExponent P/E ratioBadger Meter dividend yieldExponent dividend yieldBadger Meter ROEExponent ROEBadger Meter operating marginExponent operating marginBadger Meter revenue growthExponent revenue growthBadger Meter free cash flowExponent free cash flow
Badger Meter & Exponent appear in these rankings
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.