Sunday 11 October 2026 Export all ITRI data to Excel Powerpack

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. In the quarter to June 2026, revenue fell 7.23%, EPS fell 19.3%, free cash flow fell 10.1% and total debt rose 26.5%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

85.58 1.35 +1.60%

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Market cap: $3.7B
P/E: 14.1×
Fwd P/E: 15.4×
Dividend yield: —
F-score: 6/9
Altman Z: 2.50
Beneish M: −2.55
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 15.41

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	9	1	—	27	—	—	19	1	—	18	1	—

Insider Ownership 2.32%

Capital & Financial Ratios $m

Market Cap 3,690.00

Revenue 2,303.17

Net Income 276.29

Free Cash Flow 385.38

Net Debt 830.01

Current Ratio 2.75

Debt/Equity 0.96

P/E ratio 14.05

Fwd P/E 15.40

P/S ratio 1.64

P/B ratio 2.30

Past 5Y EPS Growth —

This Y EPS Growth (10.00%)

Next Y EPS Growth 9.26%

Next Y revenue growth 0.88%

Next 5Y EPS Growth 4.06%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 4.70%

10-year low 10-year high

P/S against its own 10 years 67.58%

10-year low 10-year high

P/B against its own 10 years 16.17%

10-year low 10-year high

EV/Sales against its own 10 years 89.11%

10-year low 10-year high

EV/FCF against its own 10 years 5.78%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	302	1,051	1,020	745
Receivables	304	350	368	351
Inventory	284	271	243	259
Other	160	143	191	194
	1,049	1,816	1,822	1,550

	2023	2024	2025	Q'26
Payables	200	145	156	147
ST’ Debt	—	—	460	—
Other	54	61	59	55
	537	528	1,012	564

Compound Annual Growth %

	10y	5y	3y
Sales	2.31%	1.72%	9.65%
Cash Flow	18.66%	29.96%	154.94%
Earnings	37.26%	0.00%	0.00%
Book Value	10.81%	15.65%	13.41%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	587	563	—	—	—
’25	607	607	582	572	2,367
’24	603	609	615	613	2,441
’23	495	541	561	577	2,174
’22	475	432	421	467	1,796
’21	520	489	487	486	1,982
’20	598	510	540	525	2,173

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	86	88	—	—	—
’25	72	97	118	119	406
’24	41	52	65	80	238
’23	1	42	34	48	125
’22	8	15	15	(13)	25
’21	50	73	18	14	155
’20	19	7	45	39	110

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	79	81	—	—	—
’25	67	91	113	112	383
’24	34	45	59	70	208
’23	(5)	36	28	39	98
’22	2	10	11	(18)	5
’21	39	64	11	7	120
’20	6	(10)	38	29	63

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.18	1.19	—	—	—
’25	1.42	1.47	1.41	2.21	6.50
’24	1.12	1.10	1.70	1.26	5.18
’23	(0.26)	0.53	0.87	0.96	2.11
’22	0.02	(0.82)	0.09	0.49	(0.22)
’21	0.30	(0.73)	(0.04)	(1.30)	(1.83)
’20	0.21	(1.56)	(0.63)	0.53	(1.44)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.02	57.80	44.35	45.54	40.48	59.80	39.38	50.35	67.21	90.11	Analyst estimates 2026–2028 Powerpack
	High	66.10	79.95	77.40	85.36	97.79	122.31	70.67	79.99	124.90	142.00
People
People	Employees	7,300	7,800	8,000	7,900	6,749	6,065	5,477	5,859	5,788	5,550
	Revenue/emp, $m	0.28	0.26	0.30	0.32	0.32	0.33	0.33	0.37	0.42	0.43
Income, $m
Income, $m	Revenue	2,013	2,018	2,376	2,502	2,173	1,982	1,796	2,174	2,441	2,367
	Gross margin, %	32.91	33.53	30.74	30.06	27.71	28.92	29.08	32.84	34.39	37.69
	EBT	85	135	(109)	73	(57)	(124)	(16)	127	285	342
	EBT margin, %	4.20	6.67	(4.59)	2.92	(2.61)	(6.25)	(0.88)	5.86	11.66	14.46
	Net income	35	60	(97)	52	(57)	(78)	(10)	98	241	303
	Depreciation	69	64	130	120	101	102	109	59	62	57
Per share, $
Per share, $	Revenue	52.69	52.21	60.55	63.26	53.99	44.73	39.81	47.86	53.80	52.04
	Earnings	0.83	1.48	(2.53)	1.24	(1.44)	(1.83)	(0.22)	2.13	5.27	6.62
	Cash flow	3.03	4.95	2.80	4.37	2.72	3.49	0.54	2.75	5.25	8.92
	Capex	(1.14)	(1.28)	(1.53)	(1.54)	(1.15)	(0.78)	(0.44)	(0.59)	(0.67)	(0.50)
	Free cash flow	1.89	3.67	1.27	2.83	1.57	2.71	0.11	2.16	4.58	8.42
	Book value	17.02	20.84	18.70	20.25	20.87	25.80	26.42	29.31	31.11	38.21
	Shares, m	38	39	39	40	40	44	45	45	45	45
Valuation, ×
Valuation, ×	P/E	75.78	46.82	0.00	67.70	0.00	0.00	0.00	35.27	20.60	14.03
	P/S	1.19	1.33	0.78	1.33	1.78	1.53	1.30	1.57	2.02	1.78
	P/B	3.70	3.33	2.53	4.15	4.59	2.66	1.96	2.56	3.49	2.43
	EV/Sales	1.28	1.54	1.16	1.65	2.10	1.69	1.45	1.65	2.10	1.88
	EV/FCF	35.60	21.96	55.26	36.76	72.26	27.81	547.03	36.51	24.73	11.62
Cash, $m
Cash, $m	Operating cash flow	116	191	110	173	110	155	25	125	238	406
	Capex	(44)	(49)	(60)	(61)	(46)	(35)	(20)	(27)	(31)	(23)
	Free cash flow	72	142	50	112	63	120	5	98	208	383
Balance, $m
Balance, $m	Working capital	319	342	243	326	380	249	331	512	1,288	810
	Total debt	305	613	1,017	949	921	467	469	455	1,242	1,248
	Net debt	171	437	896	800	714	305	267	153	191	228
	Shareholders’ equity	650	806	734	801	840	1,143	1,192	1,331	1,411	1,738
Returns, %
Returns, %	ROA	1.95	3.11	(4.21)	1.84	(2.18)	(3.25)	(0.41)	3.89	7.95	8.45
	ROIC	7.69	7.79	(1.90)	5.18	(0.42)	(3.42)	(0.32)	5.43	10.30	9.95
	ROE	4.99	7.87	(12.89)	6.39	(7.06)	(8.20)	(0.83)	7.68	17.43	19.12

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TRMB Trimble Inc.	$14.0B	— (loss-making)	24.1×	+11.00% (above 0%: growing)	n/m	+492.59% (above 0%: growing)	69.43%	13.58%	Compare
CGNX Cognex Corporation	$10.3B	59.9×	42.7×	+16.93% (above 0%: growing)	+79.17% (above 0%: growing)	+67.25% (above 0%: growing)	70.65%	29.36%	Compare
ESE ESCO Technologies Inc.	$7.9B	21.2×	46.9×	+14.40% (above 0%: growing)	+24.75% (above 0%: growing)	−22.12% (below 0%: shrinking)	41.74%	14.80%	Compare
ST Sensata Technologies Holding N.V.	$6.2B	69.3×	16.9×	+5.00% (above 0%: growing)	+70.73% (above 0%: growing)	+61.39% (above 0%: growing)	30.47%	16.70%	Compare
NOVT Novanta Inc.	$5.2B	89.4×	62.9×	+10.27% (above 0%: growing)	+158.33% (above 0%: growing)	+391.84% (above 0%: growing)	45.49%	6.79%	Compare
VNT Vontier Corporation	$4.4B	13.3×	8.6×	−2.17% (below 0%: shrinking)	−67.74% (below 0%: shrinking)	+13.79% (above 0%: growing)	48.24%	19.39%	Compare
BMI Badger Meter, Inc.	$3.7B	30.6×	27.2×	−6.63% (below 0%: shrinking)	−13.56% (below 0%: shrinking)	−46.19% (below 0%: shrinking)	40.83%	17.71%	Compare
ITRI Itron, Inc.	$3.7B	14.1×	15.4×	−7.23% (below 0%: shrinking)	−19.33% (below 0%: shrinking)	−10.13% (below 0%: shrinking)	40.97%	13.51%
ITRN Ituran Location and Control Ltd.	$1.0B	16.1×	18.0×	+20.73% (above 0%: growing)	+31.34% (above 0%: growing)	+50.20% (above 0%: growing)	50.91%	22.67%	Compare
Median of peers	$5.7B	30.6×	25.7×	+10.64%	+31.34%	+55.80%	46.87%	17.21%

All 34 Scientific & Technical Instruments stocks →

Itron, Inc. (ITRI) key facts

Concern: Itron, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, down 3.02% from fiscal 2024.
Strength: Net income was $303.3 million, or $6.62 per share (basic), a net margin of 12.7%.
Itron, Inc. (ITRI) is a Scientific & Technical Instruments company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, ITRI traded at $85.58, a market capitalization of $3.7 billion.
At that price the stock trades at 14.1× trailing-twelve-month earnings and 1.6× sales; its P/E is higher than 5% of its own readings over the past ten years.
Return on equity was 19.1% and debt-to-equity 0.96.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.50 (grey zone) for fiscal 2025.