Itron, Inc. (ITRI)
NEUTRALFundamental
75
Price
$98.23
Market Cap
$4.35B
Part 1 · What the company is worth
Overview
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.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$2.30B
Trailing 12 months (through 6/30/2026)
Net Income
$274M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$383M
Total Equity
$1.72B
Total Liabilities
$1.98B
Current Ratio
2.75
Interest Coverage
13.34
Debt/EBITDA
4.42
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$100.29
Current Price
$98.23
Margin of Safety
+2.1%
Fair Value Range
$70.67 - $129.91
Estimation Methods
Valuation Metrics
P/E Ratio
16.50
ROE
17.5%
P/B Ratio
2.67
P/FCF
11.21
Gross Margin
39.9%
ROIC
7.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
7.0%
WACC
9.0%
ROIC − WACC
-2.0 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (21)
- EPS shows upward trend
- EPS CAGR 15.39%
- ROIC 7.0%
- Gross Margin 39.9%
- P/FCF 11.21
- P/B Ratio 2.67
- Debt/Equity ratio
- Operating Margin 13.2%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 16.5%
- Analyst Consensus 81% Buy
- Earnings Surprise avg 12.7%
- Earnings Quality (OCF/NI) 1.50
- Share Dilution 0.3%
- Net Margin Trend 11.9% vs 11.1%
- Piotroski F-Score 7/9
Failed (5)
- Price CAGR 4.76%
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 1.7%
Unavailable (2)
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Thomas L. Deitrich | CEO, President & Director | 58 |
| Ms. Joan S. Hooper | Senior VP & CFO | 67 |
| Mr. Donald L. Reeves III | Senior Vice President of Outcomes | 57 |
| Mr. Justin K. Patrick | Senior Vice President of Device Solutions | 52 |
| Mr. John F. Marcolini | Senior Vice President of Networked Solutions | 52 |
| Mr. David Marshall Wright | VP, Corporate Controller & Chief Accounting Officer | 55 |
| Paul Vincent | Vice President of Investor Relations | - |
| Mr. Christopher E. Ware | Senior VP, General Counsel & Corporate Secretary | 56 |
| Alison Mallahan | Senior Manager of Corporate Communications | - |
| Ms. Marina Donovan | Vice President of Global Marketing, ESG & Public Affairs | - |
Audit Risk
4
Board Risk
2
Compensation Risk
1
Shareholder Rights Risk
4
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for ITRI, sourced from Markets Gazette.