Itron, Inc. (ITRI) vs Novanta Inc. (NOVT)

Itron, Inc. and Novanta Inc. are both Scientific & Technical Instruments companies. Novanta Inc. is the larger, with a market value of $5.4B against $4.0B — 1.3× the size. Itron, Inc. trades at the lower P/E: 14.8× against 90.6×. Novanta Inc. grew revenue faster over the last twelve months: 7.61% against −5.69%. Itron, Inc. has the higher net margin (11.9% vs 6.00%) and the higher return on invested capital (7.70% vs 5.12%). Across the 22 metrics below, Itron, Inc. leads on 15 and Novanta Inc. on 7.

Valuation

Metric ITRI NOVT Scientific & Technical Instruments median
P/E 14.76 90.57 35.93
P/S 1.72 5.74 4.46
P/B 2.42 3.65 3.00
Price to free cash flow 10.29 54.14 24.96
EV/EBITDA 14.05 35.20 19.60
EV/Sales 2.28 5.26 4.98
Earnings yield 6.77% 1.10% 0.53%
Free cash flow yield 9.72% 1.85% 1.12%

Profitability

Metric ITRI NOVT Scientific & Technical Instruments median
Gross margin 39.87% 44.54% 45.75%
Operating margin 13.20% 8.96% 7.34%
Net margin 11.90% 6.00% 1.56%
Free cash flow margin 16.73% 10.59% 5.84%
Return on equity 16.74% 5.11% 2.87%
Return on assets 7.19% 3.38% 0.99%
Return on invested capital 7.70% 5.12% 3.88%

Growth

Metric ITRI NOVT Scientific & Technical Instruments median
Revenue growth (TTM) (5.69%) 7.61% 11.28%
EPS growth (last fiscal year) 25.48% (16.95%) —
Revenue growth, 5-year CAGR 1.72% 10.67% 7.89%
Net income growth, 5-year CAGR 0.00% 3.87% 0.00%

Health

Metric ITRI NOVT Scientific & Technical Instruments median
Debt to equity 0.96 0.14 0.00
Current ratio 2.75 4.57 2.24
Net debt to EBITDA 0.62 (0.83) 0.44

Dividend

Metric ITRI NOVT Scientific & Technical Instruments median
Dividend yield — — 0.72%
Payout ratio 0.00 0.00 0.00

Size

Metric ITRI NOVT Scientific & Technical Instruments median
Market cap 4.01b 5.35b 483.67m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack