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Itron, Inc.(ITRI)Earnings, Financials & Key Ratios
ITRI•NASDAQ
$84.42
$3.74B mkt cap·13.0× P/E·Price updated May 6, 2026
AboutItron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers value-added, enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.Show more
- Revenue$2.37B-3.0%
- EBITDA$369M+15.1%
- Net Income$301M+25.9%
- EPS (Diluted)6.51+25.7%
- Gross Margin37.49%+9.0%
- EBITDA Margin15.58%+18.7%
- Operating Margin13.48%+24.6%
- Net Margin12.72%+29.8%
- ROE19.12%+9.6%
- ROIC13.12%+5.2%
- Debt/Equity0.74-18.5%
- Interest Coverage14.85-13.9%
ITRI Key Insights
Itron, Inc. (ITRI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 16.1% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak momentum: RS Rating 20 (bottom 20%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ITRI Price & Volume
Itron, Inc. (ITRI) stock price & volume — 10-year historical chart
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ITRI Growth Metrics
Itron, Inc. (ITRI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.34%
5 Years1.72%
3 Years9.65%
TTM-3.99%
Profit CAGR
10 Years37.26%
5 Years-
3 Years-
TTM14.31%
EPS CAGR
10 Years34.74%
5 Years-
3 Years-
TTM14.42%
Return on Capital
10 Years4.73%
5 Years4.84%
3 Years9.54%
Last Year11.42%
ITRI Recent Earnings
Itron, Inc. (ITRI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 28, 2026EPS
$1.49
Est $1.26
+18.3%
Revenue
$587M
Est $572M
+2.6%
Q1 2026
Feb 17, 2026EPS
$2.46
Est $2.19
+12.3%
Revenue
$572M
Est $562M
+1.8%
Q4 2025
Oct 30, 2025EPS
$1.54
Est $1.48
+4.1%
Revenue
$582M
Est $561M
+3.6%
Q3 2025
Jul 31, 2025EPS
$1.62
Est $1.33
+21.8%
Revenue
$607M
Est $599M
+1.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.49vs $1.26+18.3% | $587Mvs $572M+2.6% |
| Q1 2026 | Feb 17, 2026 | $2.46vs $2.19+12.3% | $572Mvs $562M+1.8% |
| Q4 2025 | Oct 30, 2025 | $1.54vs $1.48+4.1% | $582Mvs $561M+3.6% |
| Q3 2025 | Jul 31, 2025 | $1.62vs $1.33+21.8% | $607Mvs $599M+1.3% |
Based on last 12 quarters of dataView full earnings history →
ITRI Peer Comparison
Itron, Inc. (ITRI) competitors in Sensors, Controls and Smart Metering — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 REZI | 6.05B | 40.34 | -10.70 | 10.52% | -7.05% | -18.07% | 1.09 | |
 TRMB | 16.27B | 68.37 | 39.07 | -2.61% | 11.82% | 7.27% | 0.82% | 0.24 |
 LDOS | 17.34B | 137.19 | 12.33 | 3.07% | 8.2% | 28.87% | 9.37% | 1.19 |
 ACLX | 6.73B | 115.07 | -28.27 | -79.35% | -10.27% | -55.42% | 0.24 | |
 SENS | 206.33M | 5.00 | -3.01 | 56.89% | -196.03% | -113.21% | 0.67 | |
 BMI | 3.57B | 121.09 | 25.28 | 10.9% | 15.45% | 19.86% | 4.75% | |
 ERII | 597.25M | 11.31 | -7.07% | 2.92% | 0.05 | |||
 ECVT | 1.63B | 14.73 | -24.15 | 2.7% | -7.71% | -10.2% | 4.29% | 0.71 |
Compare ITRI vs Peers
Itron, Inc. (ITRI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ITRI Income Statement
Itron, Inc. (ITRI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.02B | 2.38B | 2.5B | 2.17B | 1.98B | 1.8B | 2.17B | 2.44B | 2.37B | 2.35B |
| Revenue Growth % | 0.25% | 17.73% | 5.32% | -13.15% | -8.82% | -9.39% | 21.06% | 12.29% | -3.02% | -3.99% |
| Cost of Goods Sold | 1.34B | 1.65B | 1.75B | 1.57B | 1.41B | 1.27B | 1.46B | 1.6B | 1.48B | 1.44B |
| COGS % of Revenue | 66.55% | 69.26% | 69.94% | 72.29% | 71.08% | 70.92% | 67.16% | 65.61% | 62.51% | - |
| Gross Profit | 675.15M▲ 0% | 730.32M▲ 8.2% | 752.32M▲ 3.0% | 602.17M▼ 20.0% | 573.17M▼ 4.8% | 522.19M▼ 8.9% | 713.91M▲ 36.7% | 839.32M▲ 17.6% | 887.51M▲ 5.7% | 906.61M▲ 0% |
| Gross Margin % | 33.45% | 30.74% | 30.06% | 27.71% | 28.93% | 29.08% | 32.84% | 34.39% | 37.49% | 38.63% |
| Gross Profit Growth % | 2.25% | 8.17% | 3.01% | -19.96% | -4.82% | -8.89% | 36.71% | 17.57% | 5.74% | - |
| Operating Expenses | 521.87M | 780.01M | 619.64M | 612.56M | 652.47M | 529.63M | 585.04M | 575.21M | 568.32M | 596.05M |
| OpEx % of Revenue | 25.86% | 32.83% | 24.76% | 28.19% | 32.93% | 29.5% | 26.92% | 23.57% | 24.01% | - |
| Selling, General & Admin | 328.72M | 334.54M | 350.51M | 280.89M | 303.25M | 293.52M | 315.16M | 341.3M | 348.06M | 365.93M |
| SG&A % of Revenue | 16.29% | 14.08% | 14.01% | 12.92% | 15.3% | 16.35% | 14.5% | 13.98% | 14.7% | - |
| Research & Development | 169.98M | 207.91M | 202.2M | 194.1M | 197.24M | 185.1M | 208.69M | 215.03M | 207.04M | 211.95M |
| R&D % of Revenue | 8.42% | 8.75% | 8.08% | 8.93% | 9.95% | 10.31% | 9.6% | 8.81% | 8.75% | - |
| Other Operating Expenses | 23.75M | 237.56M | 66.93M | 137.57M | 151.98M | 51.01M | 61.2M | 18.87M | 13.22M | 3M |
| Operating Income | 154.88M▲ 0% | -49.69M▼ 132.1% | 132.68M▲ 367.0% | -10.39M▼ 107.8% | -79.3M▼ 662.9% | -7.44M▲ 90.6% | 128.87M▲ 1832.3% | 264.11M▲ 104.9% | 319.19M▲ 20.9% | 310.55M▲ 0% |
| Operating Margin % | 7.67% | -2.09% | 5.3% | -0.48% | -4% | -0.41% | 5.93% | 10.82% | 13.48% | 13.23% |
| Operating Income Growth % | 53.35% | -132.08% | 367.01% | -107.83% | -662.86% | 90.62% | 1832.32% | 104.95% | 20.85% | - |
| EBITDA | 218.09M | 72.81M | 247.08M | 86.89M | 4.85M | 59.32M | 184.63M | 320.39M | 368.71M | 366.54M |
| EBITDA Margin % | 10.81% | 3.06% | 9.87% | 4% | 0.24% | 3.3% | 8.49% | 13.13% | 15.58% | 15.62% |
| EBITDA Growth % | 28.81% | -66.62% | 239.38% | -64.83% | -94.41% | 1122.17% | 211.22% | 73.53% | 15.08% | 10.03% |
| D&A (Non-Cash Add-back) | 63.22M | 122.5M | 114.4M | 97.29M | 84.15M | 66.76M | 55.76M | 56.28M | 49.52M | 55.98M |
| EBIT | 157.84M | 116.16M | 135.32M | 82.46M | 36.88M | 17.85M | 171.15M | 265.15M | 333.36M | 325.98M |
| Net Interest Income | -11.72M | -56.05M | -50.6M | -41M | -27.08M | -4.09M | 965K | 19.2M | 25.93M | 19.66M |
| Interest Income | 2.13M | 2.15M | 1.85M | 3M | 1.56M | 2.63M | 9.31M | 34.58M | 48.38M | 42.33M |
| Interest Expense | 13.85M | 58.2M | 52.45M | 44M | 28.64M | 6.72M | 8.35M | 15.38M | 22.45M | 22.67M |
| Other Income/Expense | -20.3M | -59.46M | -59.65M | -46.24M | -44.51M | -8.3M | -1.48M | 20.42M | 23.08M | 16.41M |
| Pretax Income | 134.57M▲ 0% | -109.15M▼ 181.1% | 73.03M▲ 166.9% | -56.64M▼ 177.6% | -123.81M▼ 118.6% | -15.74M▲ 87.3% | 127.39M▲ 909.2% | 284.53M▲ 123.4% | 342.27M▲ 20.3% | 327.18M▲ 0% |
| Pretax Margin % | 6.67% | -4.59% | 2.92% | -2.61% | -6.25% | -0.88% | 5.86% | 11.66% | 14.46% | 13.94% |
| Income Tax | 74.33M | -12.57M | 20.62M | 238K | -45.51M | -6.2M | 29.07M | 43.41M | 38.93M | 35.61M |
| Effective Tax Rate % | 55.23% | 11.52% | 28.23% | -0.42% | 36.76% | 39.36% | 22.82% | 15.26% | 11.37% | 10.88% |
| Net Income | 57.3M▲ 0% | -99.25M▼ 273.2% | 49.01M▲ 149.4% | -57.95M▼ 218.3% | -81.25M▼ 40.2% | -9.73M▲ 88.0% | 96.92M▲ 1095.9% | 239.1M▲ 146.7% | 301.06M▲ 25.9% | 289.04M▲ 0% |
| Net Margin % | 2.84% | -4.18% | 1.96% | -2.67% | -4.1% | -0.54% | 4.46% | 9.8% | 12.72% | 12.32% |
| Net Income Growth % | 80.35% | -273.22% | 149.38% | -218.26% | -40.2% | 88.02% | 1095.92% | 146.7% | 25.91% | 14.31% |
| Net Income (Continuing) | 60.25M | -96.58M | 52.41M | -56.88M | -78.3M | -9.55M | 98.32M | 241.12M | 303.33M | 291.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 19.22M | 21.39M | 24.28M | 23.73M | 26.68M | 23.08M | 20.52M | 20.83M | 21.6M | 21.73M |
| EPS (Diluted) | 1.45▲ 0% | -2.53▼ 274.5% | 1.23▲ 148.6% | -1.41▼ 214.6% | -1.77▼ 25.5% | -0.21▲ 88.1% | 2.11▲ 1104.8% | 5.18▲ 145.5% | 6.51▲ 25.7% | 6.36▲ 0% |
| EPS Growth % | 76.83% | -274.48% | 148.62% | -214.63% | -25.53% | 88.14% | 1104.76% | 145.5% | 25.68% | 14.42% |
| EPS (Basic) | 1.48 | -2.53 | 1.24 | -1.41 | -1.77 | -0.21 | 2.13 | 5.27 | 6.62 | - |
| Diluted Shares Outstanding | 39.39M | 39.24M | 39.98M | 40.25M | 44.3M | 45.1M | 45.84M | 46.19M | 46.08M | 45.47M |
| Basic Shares Outstanding | 38.66M | 39.23M | 39.56M | 40.25M | 44.3M | 45.1M | 45.42M | 45.37M | 45.25M | 44.73M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ITRI Balance Sheet
Itron, Inc. (ITRI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 849.74M | 896.14M | 997.25M | 930.26M | 749.93M | 829.58M | 1.05B | 1.82B | 1.82B | 1.52B |
| Cash & Short-Term Investments | 176.27M | 120.22M | 149.9M | 206.93M | 162.58M | 202.01M | 302.05M | 1.05B | 1.02B | 712.85M |
| Cash Only | 176.27M | 120.22M | 149.9M | 206.93M | 162.58M | 202.01M | 302.05M | 1.05B | 1.02B | 712.85M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 398.03M | 437.16M | 472.93M | 369.83M | 298.46M | 280.44M | 303.82M | 350.47M | 367.79M | 393.17M |
| Days Sales Outstanding | 71.99 | 67.15 | 68.98 | 62.11 | 54.98 | 57.01 | 51.02 | 52.41 | 56.71 | 57.18 |
| Inventory | 193.84M | 220.67M | 227.9M | 182.38M | 165.8M | 228.7M | 283.69M | 270.73M | 242.89M | 239.89M |
| Days Inventory Outstanding | 52.68 | 48.94 | 47.53 | 42.37 | 42.97 | 65.55 | 70.93 | 61.7 | 59.91 | 64.7 |
| Other Current Assets | 81.6M | 118.08M | 146.53M | 171.12M | 123.09M | 118.44M | 159.88M | 143.46M | 191.24M | 178.77M |
| Total Non-Current Assets | 1.26B | 1.71B | 1.71B | 1.68B | 1.64B | 1.55B | 1.55B | 1.59B | 1.9B | 2.45B |
| Property, Plant & Equipment | 200.77M | 226.55M | 313M | 284.09M | 228.71M | 192.95M | 169.99M | 144.38M | 141.53M | 158.83M |
| Fixed Asset Turnover | 10.05x | 10.49x | 8.00x | 7.65x | 8.66x | 9.31x | 12.79x | 16.91x | 16.73x | 15.75x |
| Goodwill | 555.76M | 1.12B | 1.1B | 1.13B | 1.1B | 1.04B | 1.05B | 1.05B | 1.34B | 1.7B |
| Intangible Assets | 95.23M | 257.58M | 185.1M | 132.96M | 92.53M | 64.94M | 46.28M | 43.11M | 83.34M | 277.14M |
| Long-Term Investments | 564.17M | 255.32M | 2.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -209.49M | -207.98M | 41.82M | 51.66M | 42.18M | 39.9M | 38.84M | 41.83M | 63.35M | 214.95M |
| Total Assets | 2.11B▲ 0% | 2.61B▲ 23.9% | 2.71B▲ 3.8% | 2.61B▼ 3.7% | 2.39B▼ 8.2% | 2.38B▼ 0.7% | 2.6B▲ 9.5% | 3.41B▲ 30.8% | 3.72B▲ 9.2% | 3.98B▲ 0% |
| Asset Turnover | 0.96x | 0.91x | 0.92x | 0.83x | 0.83x | 0.76x | 0.83x | 0.72x | 0.64x | 0.62x |
| Asset Growth % | 33.49% | 23.87% | 3.79% | -3.72% | -8.18% | -0.66% | 9.51% | 30.85% | 9.19% | 43.36% |
| Total Current Liabilities | 507.78M | 652.71M | 671.39M | 549.9M | 501.34M | 498.57M | 537.24M | 528.26M | 1.01B | 573.62M |
| Accounts Payable | 262.17M | 309.95M | 328.13M | 215.64M | 193.13M | 237.18M | 199.52M | 144.93M | 156.29M | 172.92M |
| Days Payables Outstanding | 71.25 | 68.74 | 68.43 | 50.09 | 50.05 | 67.98 | 49.89 | 33.03 | 38.55 | 37.86 |
| Short-Term Debt | 19.69M | 28.44M | 0 | 18.36M | 0 | 0 | 0 | 14.58M | 459.52M | 0 |
| Deferred Revenue (Current) | 41.44M | 93.62M | 99.56M | 112.93M | 82.82M | 95.57M | 124.21M | 150.72M | 187.82M | 790.54M |
| Other Current Liabilities | 56.74M | 117.34M | 63.78M | 72.59M | 83.06M | 45.1M | 54.09M | 60.96M | 69.73M | 0 |
| Current Ratio | 1.67x | 1.37x | 1.49x | 1.69x | 1.50x | 1.66x | 1.95x | 3.44x | 1.80x | 1.80x |
| Quick Ratio | 1.29x | 1.03x | 1.15x | 1.36x | 1.17x | 1.21x | 1.43x | 2.92x | 1.56x | 1.56x |
| Cash Conversion Cycle | 53.41 | 47.35 | 48.08 | 54.38 | 47.89 | 54.58 | 72.06 | 81.08 | 78.07 | 84.02 |
| Total Non-Current Liabilities | 792.73M | 1.22B | 1.24B | 1.22B | 749.69M | 687.95M | 735.6M | 1.47B | 970.28M | 1.78B |
| Long-Term Debt | 593.57M | 988.18M | 932.48M | 902.58M | 450.23M | 452.53M | 454.83M | 1.24B | 808.43M | 124.68M |
| Capital Lease Obligations | 0 | 0 | 68.92M | 66.82M | 57.31M | 44.37M | 32.66M | 25.35M | 19.62M | 69.57M |
| Deferred Tax Liabilities | 1.52M | 1.54M | 1.81M | 1.92M | 2M | 833K | 697K | 565K | 623K | 11.71M |
| Other Non-Current Liabilities | 197.63M | 232.5M | 232.43M | 245.53M | 240.15M | 190.22M | 247.42M | 199.59M | 141.61M | 2.18B |
| Total Liabilities | 1.3B | 1.87B | 1.91B | 1.77B | 1.25B | 1.19B | 1.27B | 2B | 1.98B | 2.35B |
| Total Debt | 613.26M | 1.02B | 1B | 987.76M | 507.54M | 515.1M | 502.46M | 1.28B | 1.29B | 124.68M |
| Net Debt | 436.99M | 896.4M | 851.5M | 780.83M | 344.96M | 313.09M | 200.41M | 231.12M | 267.18M | -588.17M |
| Debt / Equity | 0.76x | 1.38x | 1.25x | 1.18x | 0.44x | 0.43x | 0.38x | 0.91x | 0.74x | 0.74x |
| Debt / EBITDA | 2.81x | 13.96x | 4.05x | 11.37x | 104.56x | 8.68x | 2.72x | 4.00x | 3.49x | 0.34x |
| Net Debt / EBITDA | 2.00x | 12.31x | 3.45x | 8.99x | 71.07x | 5.28x | 1.09x | 0.72x | 0.72x | 0.72x |
| Interest Coverage | 11.40x | 2.00x | 2.58x | 1.87x | 1.29x | 2.65x | 20.50x | 17.24x | 14.85x | 14.38x |
| Total Equity | 805.63M▲ 0% | 734.05M▼ 8.9% | 800.82M▲ 9.1% | 840.27M▲ 4.9% | 1.14B▲ 36.0% | 1.19B▲ 4.3% | 1.33B▲ 11.7% | 1.41B▲ 6.0% | 1.74B▲ 23.2% | 1.63B▲ 0% |
| Equity Growth % | 23.88% | -8.89% | 9.1% | 4.93% | 36% | 4.27% | 11.74% | 6.01% | 23.15% | 85.93% |
| Book Value per Share | 20.45 | 18.70 | 20.03 | 20.87 | 25.80 | 26.42 | 29.05 | 30.56 | 37.72 | 35.82 |
| Total Shareholders' Equity | 786.42M | 712.66M | 776.54M | 816.55M | 1.12B | 1.17B | 1.31B | 1.39B | 1.72B | 1.61B |
| Common Stock | 1.29B | 1.33B | 1.36B | 1.39B | 1.78B | 1.79B | 1.82B | 1.69B | 1.66B | 1.51B |
| Retained Earnings | -337.87M | -425.4M | -376.39M | -434.35M | -515.6M | -525.33M | -428.41M | -189.3M | 111.75M | 165.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -170.48M | -196.31M | -204.67M | -138.53M | -148.1M | -94.67M | -81.19M | -109.93M | -56.51M | -69.33M |
| Minority Interest | 19.22M | 21.39M | 24.28M | 23.73M | 26.68M | 23.08M | 20.52M | 20.83M | 21.6M | 21.73M |
ITRI Cash Flow Statement
Itron, Inc. (ITRI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 191.35M | 109.75M | 172.84M | 109.51M | 145.04M | 24.5M | 124.97M | 238.18M | 403.74M | 403.74M |
| Operating CF Margin % | 9.48% | 4.62% | 6.91% | 5.04% | 7.32% | 1.36% | 5.75% | 9.76% | 17.06% | - |
| Operating CF Growth % | 65.19% | -42.64% | 57.48% | -36.64% | 32.44% | -83.11% | 410.09% | 90.58% | 69.51% | 231.53% |
| Net Income | 60.25M | -96.58M | 52.41M | -56.88M | -81.25M | -9.55M | 96.92M | 241.12M | 301.06M | 289.04M |
| Depreciation & Amortization | 63.22M | 122.5M | 114.4M | 97.29M | 101.26M | 66.76M | 55.76M | 56.28M | 49.52M | 43.77M |
| Stock-Based Compensation | 21.41M | 31.26M | 26.96M | 25.05M | 0 | 21.88M | 28.36M | 43.87M | 0 | 36.91M |
| Deferred Taxes | 50.67M | -19.13M | -192K | -12.94M | -85.57M | -32.63M | -34.65M | -38.79M | 64.94M | -733K |
| Other Non-Cash Items | 2.44M | 9.36M | 18.51M | 98.41M | 121.04M | 72.8M | 22.4M | 25.6M | 80.4M | 134.03M |
| Working Capital Changes | -6.63M | 62.35M | -39.25M | -41.42M | 89.57M | -94.76M | -43.82M | -89.91M | -91.1M | -86.24M |
| Change in Receivables | -17.57M | 15.52M | -39.47M | 108.26M | 60.24M | 5.06M | -19.49M | -49.14M | -4.21M | -28.25M |
| Change in Inventory | -16.24M | -25.61M | -9.39M | 35.4M | -3.72M | -68.12M | -52.12M | 5.97M | 32.68M | 45.15M |
| Change in Payables | 78.46M | 20.1M | 9.18M | -111.72M | 0 | 45.09M | -43.66M | -35.39M | 0 | 8.31M |
| Cash from Investing | -148.18M | -862.66M | -48.18M | -41.04M | -34.88M | 40.52M | -23.31M | -63.41M | -349.65M | -866.59M |
| Capital Expenditures | -49.49M | -59.95M | -60.75M | -46.21M | -34.68M | -19.75M | -26.88M | 0 | -22.89M | -7.81M |
| CapEx % of Revenue | 2.45% | 2.52% | 2.43% | 2.13% | 1.75% | 1.1% | 1.24% | 1.25% | 0.97% | - |
| Acquisitions | -99.39M | -803.08M | 0 | 1.13M | -5.53M | 55.96M | -772K | -33.7M | -324.77M | -840.1M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 702K | 369K | 12.57M | 4.04M | 5.33M | 4.31M | 4.35M | -29.71M | -2M | -18.68M |
| Cash from Financing | 301.96M | 395.82M | -97.52M | -11.58M | -152.89M | -18.74M | -3.51M | 579.57M | -95.25M | 34.23M |
| Debt Issued (Net) | 305.94M | 415.58M | -87.66M | -15.63M | -498.13M | 0 | 0 | 805M | 0 | 252.18M |
| Equity Issued (Net) | 3.61M | 9.17M | -25M | 8.89M | 347.68M | -13.52M | 3.67M | -91.68M | -92.68M | -194.2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -25M | 0 | -8.03M | -16.97M | 0 | -100M | -100M | -200M |
| Other Financing | -7.59M | -28.93M | 15.14M | -4.83M | -2.44M | -5.22M | -7.18M | -133.75M | -2.57M | -23.75M |
| Net Change in Cash | 353.77M▲ 0% | -365.01M▼ 203.2% | 27.58M▲ 107.6% | 57.03M▲ 106.8% | -44.35M▼ 177.8% | 39.43M▲ 188.9% | 100.04M▲ 153.7% | 749.19M▲ 648.9% | -30.84M▼ 104.1% | -410.42M▲ 0% |
| Free Cash Flow | 141.86M▲ 0% | 49.8M▼ 64.9% | 112.09M▲ 125.1% | 63.31M▼ 43.5% | 110.36M▲ 74.3% | 4.75M▼ 95.7% | 98.09M▲ 1963.7% | 207.61M▲ 111.7% | 380.85M▲ 83.4% | 392.52M▲ 0% |
| FCF Margin % | 7.03% | 2.1% | 4.48% | 2.91% | 5.57% | 0.26% | 4.51% | 8.51% | 16.09% | 16.72% |
| FCF Growth % | 96.21% | -64.89% | 125.07% | -43.52% | 74.33% | -95.69% | 1963.69% | 111.66% | 83.44% | 49.81% |
| FCF per Share | 3.60 | 1.27 | 2.80 | 1.57 | 2.49 | 0.11 | 2.14 | 4.50 | 8.26 | 8.26 |
| FCF Conversion (FCF/Net Income) | 3.34x | -1.11x | 3.53x | -1.89x | -1.79x | -2.52x | 1.29x | 1.00x | 1.34x | 1.36x |
| Interest Paid | 10.11M | 42.35M | 44.79M | 47.24M | 0 | 1.62M | 1.83M | 1.34M | 0 | 12.14M |
| Taxes Paid | 28.97M | 13.77M | 12.04M | 2.69M | 0 | 11.91M | 54.55M | 80.17M | 0 | 17.42M |
ITRI Key Ratios
Itron, Inc. (ITRI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 7.87% | -12.89% | 6.39% | -7.06% | -8.2% | -0.83% | 7.68% | 17.43% | 19.12% | 17.22% |
| Return on Invested Capital (ROIC) | 11.26% | -2.59% | 6.06% | -0.48% | -3.83% | -0.37% | 6.37% | 12.48% | 13.12% | 13.12% |
| Gross Margin | 33.45% | 30.74% | 30.06% | 27.71% | 28.93% | 29.08% | 32.84% | 34.39% | 37.49% | 38.63% |
| Net Margin | 2.84% | -4.18% | 1.96% | -2.67% | -4.1% | -0.54% | 4.46% | 9.8% | 12.72% | 12.32% |
| Debt / Equity | 0.76x | 1.38x | 1.25x | 1.18x | 0.44x | 0.43x | 0.38x | 0.91x | 0.74x | 0.74x |
| Interest Coverage | 11.40x | 2.00x | 2.58x | 1.87x | 1.29x | 2.65x | 20.50x | 17.24x | 14.85x | 14.38x |
| FCF Conversion | 3.34x | -1.11x | 3.53x | -1.89x | -1.79x | -2.52x | 1.29x | 1.00x | 1.34x | 1.36x |
| Revenue Growth | 0.25% | 17.73% | 5.32% | -13.15% | -8.82% | -9.39% | 21.06% | 12.29% | -3.02% | -3.99% |
ITRI SEC Filings & Documents
Itron, Inc. (ITRI) SEC filings — annual & quarterly reports (10-K, 10-Q)
ITRI Frequently Asked Questions
Itron, Inc. (ITRI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Itron, Inc. (ITRI) reported $2.35B in revenue for fiscal year 2025. This represents a 1222% increase from $177.6M in 1996.
Itron, Inc. (ITRI) saw revenue decline by 3.0% over the past year.
Yes, Itron, Inc. (ITRI) is profitable, generating $289.0M in net income for fiscal year 2025 (12.7% net margin).
Dividend & Returns
Itron, Inc. (ITRI) has a return on equity (ROE) of 19.1%. This is reasonable for most industries.
Itron, Inc. (ITRI) generated $392.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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