SPXC vs. BMI

Last updated Apr 2, 2026

Compare and contrast key facts about SPX Corporation (SPXC) and Badger Meter, Inc. (BMI).

Performance

SPXC vs. BMI - Performance Comparison

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

SPXC vs. BMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXC SPX Corporation	1.55%	37.48%	44.06%	53.86%	10.00%	9.42%	7.19%	81.65%	-10.77%	32.34%
BMI Badger Meter, Inc.	-11.35%	-17.15%	38.28%	42.58%	3.23%	14.11%	46.37%	33.46%	4.09%	30.91%

Fundamentals

Market Cap SPXC : $9.86B BMI : $4.56B
EPS SPXC : $5.05 BMI : $4.79
PE Ratio SPXC : 40.20 BMI : 32.19
PEG Ratio SPXC : 0.01 BMI : 1.35
PS Ratio SPXC : 4.33 BMI : 4.97
PB Ratio SPXC : 4.40 BMI : 4.68
Total Revenue (TTM) SPXC : $2.27B BMI : $916.66M
Gross Profit (TTM) SPXC : $917.70M BMI : $382.07M
EBITDA (TTM) SPXC : $441.20M BMI : $223.24M

Returns By Period

In the year-to-date period, SPXC achieves a 1.55% return, which is significantly higher than BMI's -11.35% return. Over the past 10 years, SPXC has outperformed BMI with an annualized return of 29.39%, while BMI has yielded a comparatively lower 17.64% annualized return.

SPXC

• 1D: 1.61%
• 1M: -9.71%
• YTD: 1.55%
• 6M: 9.27%
• 1Y: 53.33%
• 3Y*: 42.25%
• 5Y*: 27.82%
• 10Y*: 29.39%

BMI

• 1D: 1.22%
• 1M: 1.32%
• YTD: -11.35%
• 6M: -12.28%
• 1Y: -19.28%
• 3Y*: 8.96%
• 5Y*: 10.80%
• 10Y*: 17.64%

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

Return for Risk

SPXC vs. BMI — Risk / Return Rank

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

SPXC

SPXC Risk / Return Rank: 81
SPXC Sharpe Ratio Rank: 83
SPXC Sortino Ratio Rank: 81
SPXC Omega Ratio Rank: 78
SPXC Calmar Ratio Rank: 81
SPXC Martin Ratio Rank: 85

BMI

BMI Risk / Return Rank: 23
BMI Sharpe Ratio Rank: 18
BMI Sortino Ratio Rank: 19
BMI Omega Ratio Rank: 19
BMI Calmar Ratio Rank: 27
BMI Martin Ratio Rank: 29

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.

SPXC vs. BMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) 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.

	SPXC	BMI	Difference
Sharpe ratio Return per unit of total volatility	1.46	-0.50	+1.96
Sortino ratio Return per unit of downside risk	2.17	-0.46	+2.63
Omega ratio Gain probability vs. loss probability	1.28	0.93	+0.34
Calmar ratio Return relative to maximum drawdown	2.49	-0.43	+2.92
Martin ratio Return relative to average drawdown	7.87	-0.68	+8.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXC vs. BMI - Sharpe Ratio Comparison

The current SPXC Sharpe Ratio is 1.46, which is higher than the BMI Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of SPXC 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

	SPXC	BMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	-0.50	+1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.34	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.54	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.46	-0.23

Correlation

The correlation between SPXC and BMI is 0.29, 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

SPXC vs. BMI - Dividend Comparison

SPXC has not paid dividends to shareholders, while BMI's dividend yield for the trailing twelve months is around 1.00%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXC SPX Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.04%
BMI Badger Meter, Inc.	1.00%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%

Drawdowns

SPXC vs. BMI - Drawdown Comparison

The maximum SPXC drawdown since its inception was -93.77%, which is greater than BMI's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for SPXC and BMI.

Drawdown Indicators

	SPXC	BMI	Difference
Max Drawdown Largest peak-to-trough decline	-93.77%	-68.22%	-25.55%
Max Drawdown (1Y) Largest decline over 1 year	-23.15%	-42.92%	+19.77%
Max Drawdown (5Y) Largest decline over 5 years	-38.32%	-42.92%	+4.60%
Max Drawdown (10Y) Largest decline over 10 years	-50.26%	-42.92%	-7.34%
Current Drawdown Current decline from peak	-16.41%	-38.89%	+22.48%
Average Drawdown Average peak-to-trough decline	-38.39%	-18.88%	-19.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.34%	26.96%	-19.62%

Volatility

SPXC vs. BMI - Volatility Comparison

SPX Corporation (SPXC) has a higher volatility of 14.44% compared to Badger Meter, Inc. (BMI) at 9.28%. This indicates that SPXC'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

	SPXC	BMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.44%	9.28%	+5.16%
Volatility (6M) Calculated over the trailing 6-month period	27.29%	26.38%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	36.82%	38.65%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.53%	31.77%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.32%	32.72%	+4.60%

Financials

SPXC vs. BMI - Profitability Comparison

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

SPXC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SPX Corporation reported a gross profit of 278.00M and revenue of 637.30M. Therefore, the gross margin over that period was 43.6%.

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%.

SPXC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SPX Corporation reported an operating income of 100.10M and revenue of 637.30M, resulting in an operating margin of 15.7%.

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%.

SPXC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SPX Corporation reported a net income of 77.50M and revenue of 637.30M, resulting in a net margin of 12.2%.

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%.