Itron, Inc. (ITRI) vs Trimble Inc. (TRMB)

Itron, Inc. and Trimble Inc. are both Scientific & Technical Instruments companies. Trimble Inc. is the larger, with a market value of $14.0B against $3.7B — 3.8× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; Itron, Inc. trades at 14.1×. Trimble Inc. grew revenue faster over the last twelve months: 5.80% against −5.69%. Itron, Inc. has the higher net margin (11.9% vs −2.77%) and the higher return on invested capital (7.70% vs 6.32%). Across the 21 metrics below, Itron, Inc. leads on 14 and Trimble Inc. on 7.

Valuation

Metric ITRI TRMB Scientific & Technical Instruments median
P/E 14.05 n/m 36.90
P/S 1.64 3.70 4.90
P/B 2.30 2.74 2.91
Price to free cash flow 9.79 18.28 25.13
EV/EBITDA 13.54 18.03 19.03
EV/Sales 2.20 4.03 4.88
Earnings yield 7.12% (0.78%) 0.54%
Free cash flow yield 10.21% 5.47% 1.13%

Profitability

Metric ITRI TRMB Scientific & Technical Instruments median
Gross margin 39.87% 69.80% 45.75%
Operating margin 13.20% 16.99% 7.34%
Net margin 11.90% (2.77%) 1.56%
Free cash flow margin 16.73% 20.44% 5.84%
Return on equity 16.74% (1.94%) 2.87%
Return on assets 7.19% (1.19%) 0.99%
Return on invested capital 7.70% 6.32% 3.88%

Growth

Metric ITRI TRMB Scientific & Technical Instruments median
Revenue growth (TTM) (5.69%) 5.80% 11.15%
EPS growth (last fiscal year) 25.48% (71.10%) 11.47%
Revenue growth, 5-year CAGR 1.72% 2.65% 7.89%
Net income growth, 5-year CAGR 0.00% 1.69% 0.00%

Health

Metric ITRI TRMB Scientific & Technical Instruments median
Debt to equity 0.96 0.29 0.00
Current ratio 2.75 0.95 2.24
Net debt to EBITDA 0.62 1.44 0.44

Dividend

Metric ITRI TRMB Scientific & Technical Instruments median
Dividend yield — — 0.52%
Payout ratio — — 0.36

Size

Metric ITRI TRMB Scientific & Technical Instruments median
Market cap 3.69b 13.96b 449.89m

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