BDC vs. BMI

Last updated Apr 1, 2026

Compare and contrast key facts about Belden Inc. (BDC) and Badger Meter, Inc. (BMI).

Performance

BDC vs. BMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Belden Inc. (BDC) and Badger Meter, Inc. (BMI). The values are adjusted to include any dividend payments, if applicable.

BDC vs. BMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BDC Belden Inc.	-1.44%	3.68%	46.06%	7.69%	9.75%	57.46%	-23.40%	32.14%	-45.70%	3.48%
BMI Badger Meter, Inc.	-12.42%	-17.15%	38.28%	42.58%	3.23%	14.11%	46.37%	33.46%	4.09%	30.91%

Fundamentals

Market Cap BDC : $4.58B BMI : $4.50B
EPS BDC : $5.94 BMI : $4.79
PE Ratio BDC : 19.34 BMI : 31.80
PEG Ratio BDC : 0.24 BMI : 1.33
PS Ratio BDC : 1.69 BMI : 4.91
PB Ratio BDC : 3.62 BMI : 4.62
Total Revenue (TTM) BDC : $2.72B BMI : $916.66M
Gross Profit (TTM) BDC : $1.03B BMI : $382.07M
EBITDA (TTM) BDC : $451.28M BMI : $223.24M

Returns By Period

In the year-to-date period, BDC achieves a -1.44% return, which is significantly higher than BMI's -12.42% return. Over the past 10 years, BDC has underperformed BMI with an annualized return of 6.65%, while BMI has yielded a comparatively higher 17.50% annualized return.

BDC

• 1D: 3.60%
• 1M: -19.83%
• YTD: -1.44%
• 6M: -4.45%
• 1Y: 14.73%
• 3Y*: 10.00%
• 5Y*: 21.09%
• 10Y*: 6.65%

BMI

• 1D: 2.87%
• 1M: -0.05%
• YTD: -12.42%
• 6M: -14.27%
• 1Y: -19.24%
• 3Y*: 8.52%
• 5Y*: 10.53%
• 10Y*: 17.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BDC vs. BMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDC

BDC Risk / Return Rank: 54
BDC Sharpe Ratio Rank: 56
BDC Sortino Ratio Rank: 51
BDC Omega Ratio Rank: 50
BDC Calmar Ratio Rank: 55
BDC Martin Ratio Rank: 56

BMI

BMI Risk / Return Rank: 24
BMI Sharpe Ratio Rank: 20
BMI Sortino Ratio Rank: 21
BMI Omega Ratio Rank: 20
BMI Calmar Ratio Rank: 28
BMI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BDC vs. BMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Belden Inc. (BDC) and Badger Meter, Inc. (BMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BDC	BMI	Difference
Sharpe ratio Return per unit of total volatility	0.39	-0.50	+0.89
Sortino ratio Return per unit of downside risk	0.82	-0.46	+1.28
Omega ratio Gain probability vs. loss probability	1.10	0.93	+0.17
Calmar ratio Return relative to maximum drawdown	0.53	-0.45	+0.98
Martin ratio Return relative to average drawdown	1.35	-0.72	+2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BDC vs. BMI - Sharpe Ratio Comparison

The current BDC Sharpe Ratio is 0.39, which is higher than the BMI Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of BDC and BMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BDC	BMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	-0.50	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.33	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.54	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.46	-0.25

Correlation

The correlation between BDC and BMI is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BDC vs. BMI - Dividend Comparison

BDC's dividend yield for the trailing twelve months is around 0.17%, less than BMI's 1.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDC Belden Inc.	0.17%	0.17%	0.18%	0.26%	0.28%	0.30%	0.48%	0.36%	0.48%	0.26%	0.27%	0.42%
BMI Badger Meter, Inc.	1.01%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%

Drawdowns

BDC vs. BMI - Drawdown Comparison

The maximum BDC drawdown since its inception was -85.69%, which is greater than BMI's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for BDC and BMI.

Drawdown Indicators

	BDC	BMI	Difference
Max Drawdown Largest peak-to-trough decline	-85.69%	-68.22%	-17.47%
Max Drawdown (1Y) Largest decline over 1 year	-26.52%	-42.92%	+16.40%
Max Drawdown (5Y) Largest decline over 5 years	-36.62%	-42.92%	+6.30%
Max Drawdown (10Y) Largest decline over 10 years	-67.69%	-42.92%	-24.77%
Current Drawdown Current decline from peak	-23.88%	-39.63%	+15.75%
Average Drawdown Average peak-to-trough decline	-34.89%	-18.88%	-16.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.41%	26.84%	-16.43%

Volatility

BDC vs. BMI - Volatility Comparison

Belden Inc. (BDC) has a higher volatility of 13.61% compared to Badger Meter, Inc. (BMI) at 9.53%. This indicates that BDC's price experiences larger fluctuations and is considered to be riskier than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDC	BMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.61%	9.53%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	26.37%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	37.55%	38.63%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.65%	31.80%	+4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.97%	32.73%	+7.24%

Financials

BDC vs. BMI - Profitability Comparison

The chart below illustrates the profitability comparison between Belden Inc. and Badger Meter, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BDC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Belden Inc. reported a gross profit of 263.57M and revenue of 720.12M. Therefore, the gross margin over that period was 36.6%.

BMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Badger Meter, Inc. reported a gross profit of 92.99M and revenue of 220.71M. Therefore, the gross margin over that period was 42.1%.

BDC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Belden Inc. reported an operating income of 87.54M and revenue of 720.12M, resulting in an operating margin of 12.2%.

BMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Badger Meter, Inc. reported an operating income of 43.05M and revenue of 220.71M, resulting in an operating margin of 19.5%.

BDC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Belden Inc. reported a net income of 67.89M and revenue of 720.12M, resulting in a net margin of 9.4%.

BMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Badger Meter, Inc. reported a net income of 33.58M and revenue of 220.71M, resulting in a net margin of 15.2%.