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Wednesday 4 November 2026
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Itron, Inc.
ITRI Technology Scientific & Technical Instruments
Itron, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, down 3.02% from fiscal 2024.
- Revenue
- +3.04%
- EPS
- +13.8%
- Free cash flow
- −15.8%
- Total debt
- +26.5%
Quarter to September 2026, against a year earlier
101.54
3.32
+3.38%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.03 | 20.60 | 35.27 | 0.00 | 0.00 | 0.00 | 67.70 | 0.00 | 46.82 | 75.78 |
Piotroski F-Score |
6 | 6 | 8 | 5 | 4 | 4 | 6 | 2 | 5 | 9 |
P/S ratio |
1.78 | 2.02 | 1.57 | 1.30 | 1.53 | 1.78 | 1.33 | 0.78 | 1.33 | 1.19 |
Altman Z-Score |
2.50 | 2.83 | 2.62 | 1.76 | 2.00 | 2.07 | 2.08 | 1.33 | 2.39 | 2.92 |
P/FCF ratio |
11.03 | 23.73 | 34.79 | 490.96 | 25.27 | 60.98 | 29.63 | 37.26 | 18.88 | 33.24 |
Altman Z″-Score (non-manufacturers) |
3.01 | 3.56 | 2.18 | 1.23 | 0.72 | 0.89 | 1.11 | 0.36 | 1.69 | 1.65 |
Beneish M-Score |
(2.55) | (2.57) | (2.45) | (2.64) | (3.06) | (2.89) | (2.56) | (2.77) | (2.63) | (2.68) |
P/Operating CF |
35.40 | 61.69 | 71.24 | (179.09) | 222.43 | 99.13 | 74.22 | 43.80 | 34.86 | 70.76 |
P/B ratio |
2.43 | 3.49 | 2.56 | 1.96 | 2.66 | 4.59 | 4.15 | 2.53 | 3.33 | 3.70 |
Price to Tangible BV |
13.63 | 15.58 | 14.67 | 26.55 | 0.00 | 0.00 | 0.00 | 0.00 | 17.32 | 19.12 |
EV/Sales |
1.88 | 2.10 | 1.65 | 1.45 | 1.69 | 2.10 | 1.65 | 1.16 | 1.54 | 1.28 |
EV/EBITDA |
12.04 | 15.75 | 19.02 | 25.67 | 144.55 | 50.25 | 16.30 | 34.47 | 14.22 | 15.11 |
EV/Operating CF |
10.97 | 21.55 | 28.65 | 106.12 | 21.58 | 41.77 | 23.84 | 25.08 | 16.28 | 22.22 |
EV/FCF |
11.62 | 24.73 | 36.51 | 547.03 | 27.81 | 72.26 | 36.76 | 55.26 | 21.96 | 35.60 |
Quick Ratio |
1.37 | 2.65 | 1.13 | 0.97 | 0.92 | 1.05 | 0.93 | 0.85 | 1.13 | 1.17 |
Current Ratio |
1.80 | 3.44 | 1.95 | 1.66 | 1.50 | 1.69 | 1.49 | 1.37 | 1.67 | 1.77 |
Net Debt/EBITDA |
0.62 | 0.59 | 0.81 | 2.63 | 13.18 | 7.84 | 3.16 | 11.23 | 1.99 | 1.00 |
Debt/Assets |
33.55% | 36.46% | 17.46% | 19.70% | 19.52% | 35.33% | 35.06% | 38.97% | 29.12% | 19.30% |
Debt/Equity |
0.72 | 0.88 | 0.34 | 0.39 | 0.41 | 1.10 | 1.19 | 1.39 | 0.76 | 0.47 |
Asset Turnover |
0.66 | 0.81 | 0.87 | 0.75 | 0.79 | 0.82 | 0.94 | 1.01 | 1.10 | 1.24 |
Operating CF/Net income |
1.35 | 1.00 | 1.29 | (2.52) | (1.90) | (1.89) | 3.53 | (1.11) | 3.34 | 3.65 |
Capex/Depreciation |
(0.40) | (0.49) | (0.45) | (0.18) | (0.34) | (0.46) | (0.51) | (0.46) | (0.77) | (0.63) |
Interest Coverage |
13.94 | 17.17 | 15.44 | (1.11) | (2.77) | (0.24) | 2.53 | (0.85) | 11.19 | 7.47 |
| 19.12% | 17.43% | 7.68% | (0.83%) | (8.20%) | (7.06%) | 6.39% | (12.89%) | 7.87% | 4.99% | |
| 8.45% | 7.95% | 3.89% | (0.41%) | (3.25%) | (2.18%) | 1.84% | (4.21%) | 3.11% | 1.95% | |
ROIC |
9.95% | 10.30% | 5.43% | (0.32%) | (3.42%) | (0.42%) | 5.18% | (1.90%) | 7.79% | 7.69% |
Return on Tangible Assets |
32.64% | 17.04% | 15.12% | (2.07%) | (19.73%) | (9.85%) | 8.77% | (21.12%) | 10.56% | 6.41% |
Average Days of Receivables |
56.71 | 52.41 | 51.02 | 57.01 | 54.98 | 62.11 | 68.98 | 67.15 | 71.99 | 63.73 |
Research and Development Expense of Revenue |
8.75% | 8.81% | 9.60% | 10.31% | 9.95% | 8.93% | 8.08% | 8.75% | 8.39% | 8.33% |
Selling, General and Administrative Expense of Revenue |
14.91% | 13.89% | 14.39% | 16.18% | 15.17% | 12.74% | 13.86% | 17.81% | 16.12% | 15.87% |
Intangible Assets out of Total Assets |
0.38 | 0.32 | 0.42 | 0.46 | 0.50 | 0.49 | 0.48 | 0.53 | 0.31 | 0.33 |
Share Based Compensation of Revenue |
2.64% | 1.80% | 1.30% | 1.22% | 1.19% | 1.15% | 1.08% | 1.32% | 1.06% | 0.90% |
Graham Net Nets |
(0.04) | (0.04) | (0.07) | (0.15) | (0.17) | (0.22) | (0.27) | (0.53) | (0.17) | (0.08) |
Graham Number |
75.44 | 60.74 | 37.48 | 0.00 | 0.00 | 0.00 | 23.77 | 0.00 | 26.34 | 17.83 |
Earnings Yield |
7.13% | 4.85% | 2.84% | (0.43%) | (2.58%) | (1.50%) | 1.48% | (5.39%) | 2.14% | 1.32% |
Free Cash Flow Yield |
9.07% | 4.21% | 2.87% | 0.20% | 3.96% | 1.64% | 3.38% | 2.68% | 5.30% | 3.01% |
Revenue per Share |
52.04 | 53.80 | 47.86 | 39.81 | 44.73 | 53.99 | 63.26 | 60.55 | 52.21 | 52.69 |
Operating CF per Share |
8.92 | 5.25 | 2.75 | 0.54 | 3.49 | 2.72 | 4.37 | 2.80 | 4.95 | 3.03 |
Capex per Share |
(0.50) | (0.67) | (0.59) | (0.44) | (0.78) | (1.15) | (1.54) | (1.53) | (1.28) | (1.14) |
Free Cash Flow per Share |
8.42 | 4.58 | 2.16 | 0.11 | 2.71 | 1.57 | 2.83 | 1.27 | 3.67 | 1.89 |
Cash per Share |
22.43 | 23.17 | 6.65 | 4.48 | 3.67 | 5.14 | 3.79 | 3.06 | 4.56 | 3.50 |
Shareholders Equity per Share |
38.21 | 31.11 | 29.31 | 26.42 | 25.80 | 20.87 | 20.25 | 18.70 | 20.84 | 17.02 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
38.21 | 31.11 | 29.31 | 26.42 | 25.80 | 20.87 | 20.25 | 18.70 | 20.84 | 17.02 |
Free Cash Flow |
383.06 | 207.61 | 98.09 | 4.75 | 120.11 | 63.31 | 112.09 | 49.80 | 141.86 | 72.30 |
Working Capital |
810.09 | 1,287.63 | 512.20 | 331.01 | 248.59 | 380.36 | 325.86 | 243.43 | 341.96 | 319.42 |
Capital Expenditures |
(22.89) | (30.56) | (26.88) | (19.75) | (34.68) | (46.21) | (60.75) | (59.95) | (49.49) | (43.54) |
Net Current Asset Value |
(160.19) | (180.30) | (223.39) | (356.94) | (501.10) | (836.49) | (909.77) | (978.79) | (450.77) | (194.99) |
EV/EBIT |
14.22 | 19.44 | 27.79 | 0.00 | 0.00 | 0.00 | 31.05 | 0.00 | 20.12 | 25.49 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
Price to Operating Income |
13.49 | 18.65 | 26.48 | 0.00 | 0.00 | 0.00 | 25.03 | 0.00 | 17.30 | 23.80 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.50 | 0.54 | 0.46 | 0.78 | 0.63 | 0.49 | 0.51 | 0.57 | 0.32 | 0.39 |
Cash ROIC |
9.56% | 5.60% | 4.70% | 0.26% | 6.78% | 3.22% | 5.90% | 2.66% | 8.89% | 6.64% |
Accounts Receivable Turnover |
6.59 | 7.46 | 7.44 | 6.20 | 5.93 | 5.16 | 5.50 | 5.69 | 5.39 | 5.90 |
Accounts Payable Turnover |
9.79 | 9.30 | 6.69 | 5.92 | 6.89 | 5.78 | 5.49 | 5.60 | 5.81 | 7.32 |
Inventory Turnover |
5.74 | 5.78 | 5.70 | 6.46 | 8.09 | 7.66 | 7.80 | 7.94 | 7.52 | 7.64 |
Average Days of Payables |
38.67 | 33.03 | 49.89 | 67.98 | 50.05 | 50.09 | 68.43 | 68.74 | 75.71 | 49.50 |
Days of Inventory on Hand |
60.10 | 61.70 | 70.93 | 65.55 | 42.97 | 42.37 | 47.53 | 48.94 | 52.74 | 44.06 |
Average Receivables |
359.13 | 327.15 | 292.13 | 289.45 | 334.14 | 421.38 | 455.04 | 417.60 | 374.77 | 341.20 |
Average Payables |
150.61 | 172.22 | 218.35 | 215.15 | 204.38 | 271.88 | 319.04 | 294.11 | 230.71 | 184.49 |
Average Inventory |
256.81 | 277.21 | 256.19 | 197.25 | 174.09 | 205.14 | 224.29 | 207.25 | 178.44 | 176.76 |
Average Assets |
3,564.17 | 3,005.94 | 2,491.17 | 2,385.93 | 2,500.41 | 2,657.43 | 2,658.41 | 2,357.56 | 1,841.98 | 1,629.06 |
Average Common Equity |
1,574.81 | 1,371.43 | 1,261.49 | 1,167.16 | 991.52 | 820.54 | 767.43 | 769.84 | 727.99 | 636.53 |
Columns are period end dates · fundamentals updated 2 Nov 2026