Itron, Inc. (ITRI) Financial Ratios
30 years of historical data (1996–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↓
10.48
↓-93% vs avg
5yr avg: 157.75
30Y Low3.9·High53.4
P/FCF
↓
9.44
↓-92% vs avg
5yr avg: 115.76
30Y Low7.6·High61.0
P/B Ratio
↓
2.15
↓-18% vs avg
5yr avg: 2.64
30Y Low0.9·High7.5
ROE
↑
19.1%
↓+172% vs avg
5yr avg: 7.0%
30Y Low-84%·High21%
Debt/EBITDA
↓
3.49
↓-86% vs avg
5yr avg: 24.69
30Y Low0.0·High14.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ITRI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Itron, Inc. trades at 12.5x earnings, 47% below its 5-year average of 23.7x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a discount of 55%. On a free-cash-flow basis, the stock trades at 9.4x P/FCF, 92% below the 5-year average of 115.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | $4.3B | $5.0B | $3.5B | $2.3B | $3.0B | $3.9B | $3.4B | $1.9B | $2.7B | $2.4B |
| Enterprise Value | $3.9B | $4.5B | $5.2B | $3.7B | $2.6B | $3.4B | $4.6B | $4.2B | $2.8B | $3.1B | $2.6B |
| P/E Ratio → | 12.46 | 14.26 | 20.96 | 35.79 | — | — | — | 68.25 | — | 47.03 | 76.65 |
| P/S Ratio | 1.52 | 1.81 | 2.05 | 1.59 | 1.27 | 1.53 | 1.78 | 1.34 | 0.78 | 1.33 | 1.21 |
| P/B Ratio | 2.15 | 2.46 | 3.55 | 2.60 | 1.92 | 2.66 | 4.59 | 4.19 | 2.53 | 3.33 | 3.73 |
| P/FCF | 9.44 | 11.24 | 24.16 | 35.29 | 480.62 | 27.50 | 60.98 | 29.94 | 37.26 | 18.94 | 33.59 |
| P/OCF | 8.91 | 10.60 | 21.06 | 27.70 | 93.24 | 20.93 | 35.25 | 19.42 | 16.91 | 14.04 | 20.97 |
P/E links to full P/E history page with 30-year chart
ITRI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Itron, Inc.'s enterprise value stands at 10.5x EBITDA, 93% below its 5-year average of 157.7x. The Technology sector median is 17.5x, placing the stock at a 40% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.92 | 2.15 | 1.68 | 1.45 | 1.71 | 2.14 | 1.68 | 1.16 | 1.55 | 1.29 |
| EV / EBITDA | 10.48 | 12.33 | 16.37 | 19.83 | 43.78 | 696.43 | 53.41 | 17.03 | 37.80 | 14.32 | 15.35 |
| EV / EBIT | 12.10 | 13.64 | 19.79 | 21.39 | 145.51 | 91.66 | 56.28 | 31.09 | 23.69 | 19.79 | 17.92 |
| EV / FCF | — | 11.94 | 25.27 | 37.33 | 546.49 | 30.63 | 73.31 | 37.54 | 55.26 | 22.02 | 35.96 |
ITRI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Itron, Inc. earns an operating margin of 13.5%. Operating margins have expanded from 5.9% to 13.5% over the past 3 years, signaling improving operational efficiency. ROE of 19.1% indicates solid capital efficiency. ROIC of 13.1% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.5% | 37.5% | 34.4% | 32.8% | 29.1% | 28.9% | 27.7% | 30.1% | 30.7% | 33.5% | 32.8% |
| Operating Margin | 13.5% | 13.5% | 10.8% | 5.9% | -0.4% | -4.0% | -0.5% | 5.3% | -2.1% | 7.7% | 5.0% |
| Net Profit Margin | 12.7% | 12.7% | 9.8% | 4.5% | -0.5% | -4.1% | -2.7% | 2.0% | -4.2% | 2.8% | 1.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.1% | 19.1% | 17.4% | 7.7% | -0.8% | -8.2% | -7.1% | 6.4% | -12.9% | 7.9% | 4.9% |
| ROA | 8.4% | 8.4% | 8.0% | 3.9% | -0.4% | -3.2% | -2.2% | 1.8% | -4.2% | 3.1% | 2.0% |
| ROIC | 13.1% | 13.1% | 12.5% | 6.4% | -0.4% | -3.8% | -0.5% | 6.1% | -2.6% | 11.3% | 8.9% |
| ROCE | 11.4% | 11.4% | 10.7% | 6.5% | -0.4% | -4.0% | -0.5% | 6.6% | -2.8% | 11.2% | 8.6% |
ITRI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Itron, Inc. carries a Debt/EBITDA ratio of 3.5x, which is moderately leveraged (19% above the sector average of 2.9x). Net debt stands at $267M ($1.3B total debt minus $1.0B cash). Interest coverage of 14.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.74 | 0.91 | 0.38 | 0.43 | 0.44 | 1.18 | 1.25 | 1.38 | 0.76 | 0.47 |
| Debt / EBITDA | 3.49 | 3.49 | 4.00 | 2.72 | 8.68 | 104.56 | 11.37 | 4.05 | 13.96 | 2.81 | 1.80 |
| Net Debt / Equity | — | 0.15 | 0.16 | 0.15 | 0.26 | 0.30 | 0.93 | 1.06 | 1.22 | 0.54 | 0.26 |
| Net Debt / EBITDA | 0.72 | 0.72 | 0.72 | 1.09 | 5.28 | 71.07 | 8.99 | 3.45 | 12.31 | 2.00 | 1.01 |
| Debt / FCF | — | 0.70 | 1.11 | 2.04 | 65.87 | 3.13 | 12.33 | 7.60 | 18.00 | 3.08 | 2.36 |
| Interest Coverage | 14.85 | 14.85 | 17.24 | 20.50 | 2.65 | 1.29 | 1.87 | 2.58 | 2.00 | 11.40 | 10.73 |
ITRI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.80x means Itron, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.95x to 1.80x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.80 | 1.80 | 3.44 | 1.95 | 1.66 | 1.50 | 1.69 | 1.49 | 1.37 | 1.67 | 1.77 |
| Quick Ratio | 1.56 | 1.56 | 2.92 | 1.43 | 1.21 | 1.17 | 1.36 | 1.15 | 1.03 | 1.29 | 1.38 |
| Cash Ratio | 1.01 | 1.01 | 1.99 | 0.56 | 0.41 | 0.32 | 0.38 | 0.22 | 0.18 | 0.35 | 0.32 |
| Asset Turnover | — | 0.64 | 0.72 | 0.83 | 0.76 | 0.83 | 0.83 | 0.92 | 0.91 | 0.96 | 1.28 |
| Inventory Turnover | 6.09 | 6.09 | 5.92 | 5.15 | 5.57 | 8.49 | 8.62 | 7.68 | 7.46 | 6.93 | 8.30 |
| Days Sales Outstanding | — | 56.71 | 52.41 | 51.02 | 57.01 | 54.98 | 62.11 | 68.98 | 67.15 | 71.99 | 63.73 |
ITRI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Itron, Inc. returns 2.8% to shareholders annually primarily through share buybacks. The earnings yield of 8.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.0% | 7.0% | 4.8% | 2.8% | — | — | — | 1.5% | — | 2.1% | 1.3% |
| FCF Yield | 10.6% | 8.9% | 4.1% | 2.8% | 0.2% | 3.6% | 1.6% | 3.3% | 2.7% | 5.3% | 3.0% |
| Buyback Yield | 2.8% | 2.3% | 2.0% | 0.0% | 0.7% | 0.3% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 2.3% | 2.0% | 0.0% | 0.7% | 0.3% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $46M | $46M | $46M | $45M | $44M | $40M | $40M | $39M | $39M | $39M |
Peer Comparison
Compare ITRI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ITRIYou | $4B | 12.5 | 10.5 | 9.4 | 37.5% | 13.5% | 19.1% | 13.1% | 3.5 |
 REZI | $6B | -10.7 | 10.7 | — | 29.4% | 8.1% | -16.9% | 9.0% | 3.9 |
 TRMB | $15B | 35.3 | 20.1 | 110.0 | 68.3% | 16.9% | 7.3% | 6.8% | 1.8 |
 LDOS | $17B | 11.8 | 8.8 | 10.2 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 ACLX | $7B | -28.3 | — | — | 70.0% | -1135.6% | -53.4% | -46.2% | — |
 SENS | $224M | -3.2 | — | — | 44.7% | -193.8% | -310.7% | -322.6% | — |
 BMI | $4B | 25.6 | 15.5 | 21.3 | 41.7% | 20.0% | 21.5% | 34.5% | — |
 ERII | $498M | 22.5 | 16.2 | 28.6 | 65.2% | 18.2% | 11.0% | 10.3% | 0.3 |
 ECVT | $2B | -22.9 | 13.3 | 21.9 | 21.9% | 9.0% | -10.9% | 4.2% | 3.2 |
 ETN | $155B | 38.2 | 27.7 | 34.7 | 37.6% | 19.1% | 21.5% | 13.6% | 1.9 |
 AME | $54B | 36.6 | 29.6 | 32.1 | 36.4% | 26.2% | 14.6% | 12.1% | 1.2 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonITRI — Frequently Asked Questions
Quick answers to the most common questions about buying ITRI stock.
What is Itron, Inc.'s P/E ratio?
Itron, Inc.'s current P/E ratio is 12.5x. The historical average is 46.2x.
What is Itron, Inc.'s EV/EBITDA?
Itron, Inc.'s current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.2x.
What is Itron, Inc.'s ROE?
Itron, Inc.'s return on equity (ROE) is 19.1%. The historical average is -1.2%.
Is ITRI stock overvalued?
Based on historical data, Itron, Inc. is trading at a P/E of 12.5x. Compare with industry peers and growth rates for a complete picture.
What are Itron, Inc.'s profit margins?
Itron, Inc. has 37.5% gross margin and 13.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Itron, Inc. have?
Itron, Inc.'s Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.