Badger Meter (BMI) vs Itron (ITRI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Badger Meter (BMI) has outperformed Itron (ITRI) over the past year, losing 30.6% versus a loss of 32.4%. Over five years, BMI leads with a +19.7% price change compared with +14.1% for ITRI. Itron is the larger company by market cap ($3.75 billion vs $3.60 billion), about 1.0 times the size, while Badger Meter is growing revenue faster (+10.9% vs -3.0%).
On valuation, Itron trades at a lower forward P/E (12.2x vs 25.0x for Badger Meter). Badger Meter pays a dividend yielding 1.29%, while Itron does not currently pay one. Badger Meter converts more of its revenue into profit, with a net margin of 15.5% versus 12.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BMI | ITRI |
|---|---|---|
| Share price | $124.07 | $85.58 |
| Market cap | $3.60B | $3.75B |
| 1-day change | +0.27% | -3.18% |
| YTD return | -28.86% | -7.84% |
| 1-year return | -30.63% | -32.37% |
| 5-year return | +19.70% | +14.12% |
| P/E ratio (TTM) | 28.99 | 14.76 |
| Forward P/E | 24.97 | 12.23 |
| EPS (TTM) | $4.28 | $5.80 |
| Dividend yield | 1.29% | 0.00% |
| Annual dividend | $1.60 | $0.00 |
| Revenue (latest FY) | $916.66M | $2.37B |
| Revenue growth (YoY) | +10.90% | -3.02% |
| Net income (latest FY) | $141.63M | $301.06M |
| Gross margin | 41.68% | 37.69% |
| Operating margin | 20.01% | 13.23% |
| Net margin | 15.45% | 12.72% |
| 52-week high | $204.00 | $142.00 |
| 52-week low | $112.09 | $77.77 |
| Distance from 52-week high | -39.18% | -39.73% |
| Analyst consensus | none | buy |
| Avg. price target upside | +26.28% | +51.39% |
| Average volume | 414.02K | 747.09K |
| Shares outstanding | 28.99M | 43.79M |
| Employees | 2,477 | 4,987 |
| Sector | Industrials | Industrials |
| Industry | Industrial Machinery/Components | Electrical Products |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Badger Meter trades at a higher earnings multiple (29.0x vs 14.8x trailing P/E).
- Badger Meter offers a meaningfully higher dividend yield (1.29% vs 0.00%).
- Badger Meter grew revenue faster in its latest fiscal year (+10.90% vs -3.02%).
About Badger Meter
BMI stock →Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide.
Industrials · Industrial Machinery/Components · 2,477 employees
About Itron
ITRI stock →Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution.
Industrials · Electrical Products · 4,987 employees
BMI vs ITRI FAQ
Which is bigger, Badger Meter or Itron?
Itron (ITRI) is larger, with a market capitalization of $3.75B compared with $3.60B for Badger Meter (BMI).
Which stock has performed better over the past year, BMI or ITRI?
BMI returned -30.63% over the past 12 months, compared with -32.37% for ITRI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BMI or ITRI?
ITRI has the lower trailing P/E at 14.8, versus 29.0 for BMI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Badger Meter or Itron?
Badger Meter pays a dividend yielding 1.29%, while Itron does not currently pay a regular dividend.
Are Badger Meter and Itron in the same industry?
Both are in the Industrials sector, but in different industries: Industrial Machinery/Components for Badger Meter and Electrical Products for Itron.