STRA vs. BMI

Last updated Jun 9, 2026

STRA (Strategic Education, Inc.) and BMI (Badger Meter, Inc.) are both stocks. STRA operates in Education & Training Services (Consumer Defensive), while BMI operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, STRA returned 7.73%/yr vs 14.38%/yr for BMI. At a 0.23 correlation, their price movements are largely independent.

Performance

STRA vs. BMI - Performance Comparison

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

Returns By Period

In the year-to-date period, STRA achieves a 2.32% return, which is significantly higher than BMI's -24.83% return. Over the past 10 years, STRA has underperformed BMI with an annualized return of 7.73%, while BMI has yielded a comparatively higher 14.38% annualized return.

STRA

• 1D: -0.91%
• 1M: 1.60%
• YTD: 2.32%
• 6M: 7.11%
• 1Y: -6.84%
• 3Y*: 4.85%
• 5Y*: 4.43%
• 10Y*: 7.73%

BMI

• 1D: 3.01%
• 1M: 10.34%
• YTD: -24.83%
• 6M: -26.08%
• 1Y: -46.65%
• 3Y*: -4.36%
• 5Y*: 7.73%
• 10Y*: 14.38%

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

STRA vs. BMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STRA Strategic Education, Inc.	2.32%	-11.62%	3.53%	21.43%	40.39%	-37.26%	-38.80%	42.05%	28.16%	12.41%
BMI Badger Meter, Inc.	-24.83%	-17.15%	38.28%	42.58%	3.23%	14.11%	46.37%	33.46%	4.09%	30.91%

Correlation

The correlation between STRA and BMI is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 26, 1996	0.23

The correlation between STRA and BMI shifts across timeframes, from 0.10 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap STRA : $1.79B BMI : $3.83B
EPS STRA : $5.64 BMI : $4.42
PE Ratio STRA : 14.34 BMI : 29.46
PEG Ratio STRA : 0.50 BMI : 1.23
PS Ratio STRA : 1.46 BMI : 4.29
PB Ratio STRA : 1.10 BMI : 3.94
Total Revenue (TTM) STRA : $1.27B BMI : $896.73M
Gross Profit (TTM) STRA : $475.81M BMI : $370.96M
EBITDA (TTM) STRA : $216.79M BMI : $199.34M

Return for Risk

STRA vs. BMI — Risk / Return Rank

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

STRA

STRA Risk / Return Rank: 29
STRA Sharpe Ratio Rank: 33
STRA Sortino Ratio Rank: 30
STRA Omega Ratio Rank: 30
STRA Calmar Ratio Rank: 28
STRA Martin Ratio Rank: 24

BMI

BMI Risk / Return Rank: 6
BMI Sharpe Ratio Rank: 4
BMI Sortino Ratio Rank: 7
BMI Omega Ratio Rank: 4
BMI Calmar Ratio Rank: 8
BMI Martin Ratio Rank: 7

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.

STRA vs. BMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategic Education, Inc. (STRA) 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.

	STRA	BMI	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	-1.06	+0.85
Sortino ratio: Return per unit of downside risk	-0.07	-1.37	+1.30
Omega ratio: Gain probability vs. loss probability	0.99	0.78	+0.21
Calmar ratio: Return relative to maximum drawdown	-0.44	-0.87	+0.43
Martin ratio: Return relative to average drawdown	-0.93	-1.43	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STRA vs. BMI - Sharpe Ratio Comparison

The current STRA Sharpe Ratio is -0.21, which is higher than the BMI Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of STRA and BMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	STRA	BMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	-1.06	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.23	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.43	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.44	-0.22

Drawdowns

STRA vs. BMI - Drawdown Comparison

The maximum STRA drawdown since its inception was -85.50%, which is greater than BMI's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for STRA and BMI.

Drawdown Indicators

	STRA	BMI	Difference
Max Drawdown Largest peak-to-trough decline	-85.50%	-68.22%	-17.28%
Max Drawdown (1Y) Largest decline over 1 year	-15.75%	-53.91%	+38.16%
Max Drawdown (3Y) Largest decline over 3 years	-38.05%	-55.06%	+17.01%
Max Drawdown (5Y) Largest decline over 5 years	-38.05%	-55.06%	+17.01%
Max Drawdown (10Y) Largest decline over 10 years	-71.86%	-55.06%	-16.80%
Current Drawdown Current decline from peak	-56.42%	-48.18%	-8.24%
Average Drawdown Average peak-to-trough decline	-39.04%	-19.02%	-20.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	32.67%	-23.30%

Volatility

STRA vs. BMI - Volatility Comparison

The current volatility for Strategic Education, Inc. (STRA) is 6.81%, while Badger Meter, Inc. (BMI) has a volatility of 10.39%. This indicates that STRA experiences smaller price fluctuations and is considered to be less risky than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STRA	BMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	10.39%	-3.58%
Volatility (6M) Calculated over the trailing 6-month period	26.59%	38.66%	-12.07%
Volatility (1Y) Calculated over the trailing 1-year period	32.28%	44.19%	-11.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.86%	33.88%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.99%	33.70%	+3.29%

Dividends

STRA vs. BMI - Dividend Comparison

STRA's dividend yield for the trailing twelve months is around 2.97%, more than BMI's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMI Badger Meter, Inc.	1.23%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%
STRA Strategic Education, Inc.	2.97%	2.99%	2.57%	2.60%	3.06%	4.15%	2.52%	1.32%	1.32%	1.12%	0.00%	0.00%

Financials

STRA vs. BMI - Profitability Comparison

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

STRA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Strategic Education, Inc. reported a gross profit of 0.00 and revenue of 305.93M. Therefore, the gross margin over that period was 0.0%.

BMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.

STRA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Strategic Education, Inc. reported an operating income of 41.09M and revenue of 305.93M, resulting in an operating margin of 13.4%.

BMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.

STRA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Strategic Education, Inc. reported a net income of 32.81M and revenue of 305.93M, resulting in a net margin of 10.7%.

BMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.

Frequently Asked Questions

Can I hold both STRA and BMI in my portfolio?

STRA and BMI have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STRA or BMI?

BMI has higher volatility (10.39%) compared to STRA (6.81%). In terms of maximum drawdown, STRA dropped -85.50% vs BMI's -68.22%.

Which has better risk-adjusted returns?

STRA currently has the higher Sharpe Ratio (-0.21 vs -1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.