Badger Meter (BMI) vs Veeco Instruments (VECO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Veeco Instruments (VECO) has outperformed Badger Meter (BMI) over the past year, gaining 80.8% versus a loss of 30.6%. Over five years, VECO leads with a +128.2% price change compared with +19.7% for BMI. Badger Meter is the larger company by market cap ($3.60 billion vs $3.27 billion), about 1.1 times the size.
On valuation, Veeco Instruments trades at a lower forward P/E (18.4x vs 25.0x for Badger Meter). Badger Meter pays a dividend yielding 1.29%, while Veeco Instruments does not currently pay one. Badger Meter converts more of its revenue into profit, with a net margin of 15.5% versus 5.3%.
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 | VECO |
|---|---|---|
| Share price | $124.07 | $53.53 |
| Market cap | $3.60B | $3.27B |
| 1-day change | +0.27% | -3.84% |
| YTD return | -28.86% | +87.30% |
| 1-year return | -30.63% | +80.84% |
| 5-year return | +19.70% | +128.18% |
| P/E ratio (TTM) | 28.99 | 144.68 |
| Forward P/E | 24.97 | 18.42 |
| EPS (TTM) | $4.28 | $0.37 |
| Dividend yield | 1.29% | 0.00% |
| Annual dividend | $1.60 | $0.00 |
| Revenue (latest FY) | $916.66M | $664.29M |
| Revenue growth (YoY) | +10.90% | -7.39% |
| Net income (latest FY) | $141.63M | $35.39M |
| Gross margin | 41.68% | 39.95% |
| Operating margin | 20.01% | 5.38% |
| Net margin | 15.45% | 5.33% |
| 52-week high | $204.00 | $86.63 |
| 52-week low | $112.09 | $26.00 |
| Distance from 52-week high | -39.18% | -38.21% |
| Analyst consensus | none | none |
| Avg. price target upside | +26.28% | +14.57% |
| Average volume | 414.02K | 752.14K |
| Shares outstanding | 28.99M | 61.03M |
| Employees | 2,477 | 1,265 |
| Sector | Industrials | Technology |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
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
- VECO has outperformed BMI by 111.5 percentage points over the past year.
- Veeco Instruments trades at a higher earnings multiple (144.7x vs 29.0x trailing P/E).
- Badger Meter offers a meaningfully higher dividend yield (1.29% vs 0.00%).
- Badger Meter is more profitable, keeping 15.5 cents of every revenue dollar as net income versus 5.3 cents for Veeco Instruments.
- Badger Meter grew revenue faster in its latest fiscal year (+10.90% vs -7.39%).
- The two companies sit in different sectors: Badger Meter in Industrials and Veeco Instruments in Technology.
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 Veeco Instruments
VECO stock →Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. It offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.
Technology · Industrial Machinery/Components · 1,265 employees
BMI vs VECO FAQ
Which is bigger, Badger Meter or Veeco Instruments?
Badger Meter (BMI) is larger, with a market capitalization of $3.60B compared with $3.27B for Veeco Instruments (VECO).
Which stock has performed better over the past year, BMI or VECO?
VECO returned +80.84% over the past 12 months, compared with -30.63% for BMI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BMI or VECO?
BMI has the lower trailing P/E at 29.0, versus 144.7 for VECO. 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 Veeco Instruments?
Badger Meter pays a dividend yielding 1.29%, while Veeco Instruments does not currently pay a regular dividend.
Are Badger Meter and Veeco Instruments in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.