ITRI

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Itron, Inc.

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Key Metrics

Previous Close: $98.86
52-Week Range: $77.77 – $142.00
Market Cap: $4.31B
P/E (TTM): 16.46
EPS (TTM): 5.98
Dividend Yield: —

Advanced Metrics

Price/Book: 2.67
PEG Ratio: 0.85
Return on Equity: 16.89%
Return on Assets: 4.99%
Gross Margin: 39.87%
Operating Margin: 13.46%
Profit Margin: 11.89%
Current Ratio: 2.75
Debt/Equity: 0.98
Total Debt: $1.60B
Free Cash Flow: $295.26M
Revenue Growth: -7.20%
Earnings Growth: -19.00%
Enterprise Value: $5.21B

ITRI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.80B	$2.17B	$2.44B	$2.37B
Cost of Revenue	$1.27B	$1.46B	$1.60B	$1.48B
Gross Profit	$522.19M	$713.91M	$839.32M	$892.12M
Research & Development	$185.10M	$208.69M	$215.03M	$207.04M
Selling, General & Admin	$290.45M	$312.78M	$339.07M	$352.96M
Operating Expenses	$501.27M	$540.38M	$571.93M	$578.04M
Operating Income	$20.92M	$173.52M	$267.39M	$314.08M
EBITDA	$57.74M	$191.50M	$356.19M	$414.24M
Pretax Income	-$15.74M	$127.39M	$284.53M	$342.27M
Income Tax	-$6.20M	$29.07M	$43.41M	$38.93M
Net Income	-$9.73M	$96.92M	$239.10M	$301.06M
Diluted EPS	-0.22	2.11	5.18	6.50
Diluted Shares	45.10M	45.84M	46.19M	46.32M

ITRI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$202.01M	$302.05M	$1.05B	$1.02B
Receivables	$280.44M	$303.82M	$350.47M	$367.79M
Inventory	$228.70M	$283.69M	$270.73M	$242.89M
Current Assets	$829.58M	$1.05B	$1.82B	$1.82B
Total Assets	$2.38B	$2.60B	$3.41B	$3.72B
Current Liabilities	$498.57M	$537.24M	$528.26M	$1.01B
Long-Term Debt	$452.53M	$454.83M	$1.24B	$788.80M
Total Debt	$496.90M	$487.48M	$1.27B	$1.27B
Total Liabilities	$1.19B	$1.27B	$2.00B	$1.98B
Retained Earnings	-$525.33M	-$428.41M	-$189.30M	$111.75M
Shareholders' Equity	$1.17B	$1.31B	$1.39B	$1.72B
Working Capital	$331.01M	$512.20M	$1.29B	$810.09M
Net Debt	$250.52M	$152.78M	$191.19M	$227.93M

ITRI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$24.50M	$124.97M	$238.18M	$405.95M
Capital Expenditure	-$19.75M	-$26.88M	-$30.56M	-$22.89M
Free Cash Flow	$4.75M	$98.09M	$207.61M	$383.06M
Depreciation & Amortisation	$66.76M	$55.76M	$56.28M	$49.52M
Stock-Based Compensation	$21.88M	$28.36M	$43.87M	$62.45M
Investing Cash Flow	$40.52M	-$23.31M	-$63.41M	-$349.65M
Financing Cash Flow	-$18.74M	-$3.51M	$579.57M	-$97.46M
Share Repurchases	-$16.97M	$0.00	-$100.00M	-$100.00M
Net Change in Cash	$46.28M	$98.16M	$754.34M	-$41.16M

ITRI Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$606.76M	$581.63M	$571.66M	$586.98M	—
Cost of Revenue	$383.14M	$362.08M	$339.92M	$350.66M	—
Gross Profit	$223.62M	$219.54M	$231.74M	$236.32M	—
Research & Development	$53.81M	$50.03M	$53.11M	$55.00M	—
Selling, General & Admin	$87.61M	$83.14M	$95.30M	$105.36M	—
Operating Expenses	$145.97M	$137.57M	$153.02M	$168.53M	—
Operating Income	$77.65M	$81.97M	$78.72M	$67.79M	—
EBITDA	$101.24M	$108.39M	$104.66M	$91.54M	—
Pretax Income	$83.48M	$90.70M	$85.81M	$67.19M	—
Income Tax	$14.73M	$24.48M	-$17.20M	$13.61M	—
Net Income	$68.34M	$65.61M	$101.63M	$53.46M	—
Diluted EPS	1.47	1.41	2.21	1.18	1.19
Diluted Shares	46.38M	46.66M	46.08M	45.47M	44.61M

ITRI Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.12B	$1.22B	$1.33B	$1.02B	$712.85M
Receivables	$346.60M	$340.32M	$369.51M	$367.79M	$393.17M
Inventory	$281.88M	$283.30M	$255.28M	$242.89M	$239.89M
Current Assets	$1.90B	$1.99B	$2.14B	$1.82B	$1.52B
Total Assets	$3.50B	$3.62B	$3.71B	$3.72B	$3.98B
Current Liabilities	$983.42M	$973.06M	$987.37M	$1.01B	$573.62M
Long-Term Debt	$786.14M	$787.02M	$787.91M	$788.80M	$1.57B
Total Debt	$1.27B	$1.27B	$1.27B	$1.27B	$1.60B
Total Liabilities	$1.99B	$1.99B	$2.00B	$1.98B	$2.35B
Retained Earnings	-$123.83M	-$55.49M	$10.12M	$111.75M	$165.21M
Shareholders' Equity	$1.49B	$1.61B	$1.69B	$1.72B	$1.61B
Working Capital	$919.11M	$1.02B	$1.16B	$810.09M	$951.06M
Net Debt	$120.62M	$21.10M	—	$227.93M	$860.99M

ITRI Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$72.12M	$96.69M	$117.83M	$119.32M	$85.50M
Capital Expenditure	-$4.64M	-$6.02M	-$4.42M	-$7.81M	-$6.53M
Free Cash Flow	$67.48M	$90.67M	$113.41M	$111.51M	$78.97M
Depreciation & Amortisation	$12.07M	$12.11M	$12.04M	$13.30M	$18.54M
Stock-Based Compensation	$16.56M	$16.84M	$14.42M	$14.63M	$20.07M
Investing Cash Flow	-$4.63M	-$6.02M	-$6.14M	-$332.86M	-$521.57M
Financing Cash Flow	$1.76M	$2.99M	-$2.91M	-$99.30M	$131.42M
Share Repurchases	$0.00	$0.00	$0.00	-$100.00M	-$100.00M
Net Change in Cash	$69.24M	$93.66M	$108.77M	-$312.84M	-$304.65M

Market Snapshot

About

Itron, Inc. is a global technology company that provides solutions for managing energy and water resources. The company manufactures smart meters, data collection systems, and software platforms that enable utilities to optimize their networks and improve operational efficiency. Itron's products support the transition to smart grids and smart cities by providing real-time data and analytics. With operations in over 100 countries, Itron serves electric, gas, and water utilities worldwide, helping them modernize infrastructure and enhance customer engagement.