Itron (ITRI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Itron

NasdaqGS•Technology•Scientific & Technical Instruments

$92.14-0.16(<0.01%)Pre-market

Market Cap

$3.99B

P/E

14.6x

P/S

1.7x

P/B

2.5x

Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; network design services; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also products and software for the implementation, installation, and management of communicating devices and data networks; offers industrial internet of things solutions, including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; grid edge devices; distribution automation communications; smart lighting; and smart city sensors and applications. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning, statistical modeling, and other analytics. The Resiliency Solutions segment offers software and services. The company offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.

How this company scores

GoodMetricSide Score: 73/100

Strongest: Cash & Earnings Quality (25/25); weakest: Growth (10/25).

Profitability23/25

Growth10/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowHigh ROEInterest easily coveredCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.6x5y range 13.0x – 83.2x

Currently below its 13-quarter median.

P/S · 1.7x5y range 1.1x – 2.5x

Currently near its 20-quarter median.

P/B · 2.5x5y range 1.8x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Watch

Debt-to-equity has risen 99.8% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Red Flag

Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $3.99B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.30B
Q. Revenue: $562.90M
TTM EBITDA: $366.58M
TTM Op. Income: $304.08M
Q. Op. Income: $76.07M
TTM Net Income: $273.97M
Q. Net Income: $53.27M
EPS: $1.21
Shares Out.: $44.09M

$2.30B in TTM revenue declined 5.7% YoY, reaching $562.90M last quarter. TTM EBITDA of $366.58M and TTM operating income of $304.08M show growth is flowing through to the bottom line. TTM net income of $273.97M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 41.0%
EBITDA Margin: 16.8%
Op. Margin: 13.5%
Net Margin: 9.5%

Op. margin of 13.5% is up 0.9% YoY — cost efficiency is improving. Net margin at 9.5% and gross margin of 41.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 7% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.6x
P/S Ratio: 1.7x
P/B Ratio: 2.5x

At 14.6x P/E, the stock trades below typical market levels. P/S of 1.7x and P/B of 2.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 35% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.99B
Cash: $745.23M
Long-Term Debt: $1.58B
Book Value: $1.62B
D/E Ratio: 1.0
Debt/EBITDA: 16.6

With $3.99B in assets and $1.58B in long-term debt, D/E is 1.0and book value is $1.62B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 100% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $88.09M
TTM Free Cash Flow: $385.38M
FCF Margin: 16.7%
FCF / Net Income: 1.4

TTM FCF of $385.38M on $88.09M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 34% — a weakening trend.