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Itron, Inc. (ITRI)

NEUTRAL
TechnologyScientific & Technical InstrumentsUnited States

Fundamental

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

Fairly Valued

Fair Value

$100.29

Current Price

$98.23

Margin of Safety

+2.1%

Fair Value Range

$70.67 - $129.91

Estimation Methods

Analyst Target:$129.60
DCF:$129.08
PE-based:$90.15
Graham Growth:$97.35
EPV:$45.68
Analyst Consensus:Strong Buy (17B / 3H / 1S)
Last Earnings Surprise:+21.07%

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

7/9

Strong financial health

score
criteria

Earnings Quality

1.50

High quality: earnings backed by cash

Share Dilution

0.3%

Share count is stable

Governance

Executive Team

NameTitleAge
Mr. Thomas L. DeitrichCEO, President & Director58
Ms. Joan S. HooperSenior VP & CFO67
Mr. Donald L. Reeves IIISenior Vice President of Outcomes57
Mr. Justin K. PatrickSenior Vice President of Device Solutions52
Mr. John F. MarcoliniSenior Vice President of Networked Solutions52
Mr. David Marshall WrightVP, Corporate Controller & Chief Accounting Officer55
Paul VincentVice President of Investor Relations-
Mr. Christopher E. WareSenior VP, General Counsel & Corporate Secretary56
Alison MallahanSenior Manager of Corporate Communications-
Ms. Marina DonovanVice 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.

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