Itron, Inc. (ITRI) vs MKS Inc. (MKSI)

Itron, Inc. and MKS Inc. are both Scientific & Technical Instruments companies. MKS Inc. is the larger, with a market value of $13.9B against $4.3B — 3.2× the size. Itron, Inc. trades at the lower P/E: 15.6× against 31.4×. MKS Inc. grew revenue faster over the last twelve months: 16.3% against −3.63%. Itron, Inc. has the higher net margin (12.1% vs 10.1%) and the higher return on invested capital (8.09% vs 6.74%). Across the 22 metrics below, Itron, Inc. leads on 17 and MKS Inc. on 5.

Valuation

Metric ITRI MKSI Scientific & Technical Instruments median
P/E 15.57 31.36 31.41
P/S 1.85 3.18 4.70
P/B 2.49 4.63 3.26
Price to free cash flow 11.67 30.22 28.46
EV/EBITDA 13.91 16.42 19.55
EV/Sales 2.36 3.95 4.93
Earnings yield 6.42% 3.19% 0.68%
Free cash flow yield 8.57% 3.31% 1.81%

Profitability

Metric ITRI MKSI Scientific & Technical Instruments median
Gross margin 40.66% 46.96% 46.96%
Operating margin 13.69% 15.69% 8.96%
Net margin 12.05% 10.12% 1.92%
Free cash flow margin 15.84% 10.53% 10.53%
Return on equity 16.30% 15.88% 2.66%
Return on assets 7.15% 4.95% 1.12%
Return on invested capital 8.09% 6.74% 4.67%

Growth

Metric ITRI MKSI Scientific & Technical Instruments median
Revenue growth (TTM) (3.63%) 16.26% 9.26%
EPS growth (last fiscal year) 25.48% 55.52% 13.24%
Revenue growth, 5-year CAGR 1.72% 11.03% 7.89%
Net income growth, 5-year CAGR 0.00% (3.36%) 0.00%

Health

Metric ITRI MKSI Scientific & Technical Instruments median
Debt to equity 0.92 1.32 0.00
Current ratio 2.83 1.14 2.31
Net debt to EBITDA 0.62 3.93 0.45

Dividend

Metric ITRI MKSI Scientific & Technical Instruments median
Dividend yield — 0.47% 0.55%
Payout ratio — 0.15 0.29

Size

Metric ITRI MKSI Scientific & Technical Instruments median
Market cap 4.31b 13.87b 682.53m

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