Itron, Inc.

Industrials
Electrical Products
www.itron.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.85B
PE 19
Debt $1.27B
Cash $1.12B
EV $4.99B
FCF $240.93M

Earnings

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Sales & Net Margins

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Earnings	$252.73M
EBIT	$301.59M
ROE	17%
ROA	9%
FCF	$240.93M
Equity	$1.51B
Growth Stability	-2K%
PE	19.2
PEG	1.8
PB	3.22
P/FCF	20.14
P/S	1.98
Price/Cash	0.23
Debt/Equity	0.84
Debt/FCF	5.25
Net Margins	11%
Gross Margins	35%
Op. Margins	12%
Earnings CAGR	6%
Sales Growth YoY	1%
Sales Growth QoQ	-1%
Sales CAGR	0%
FCF CAGR	0%
Equity CAGR	10%
Earnings Stability	0.2
Earnings Growth YoY	26%
Earnings Growth QoQ	12%

Earnings CAGR 5Y	11%
Sales CAGR 5Y	2%
FCF CAGR 5Y	16%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	206%
Equity CAGR 3Y	10%
Market Cap	$4.85B
Revenue	$2.44B
Assets	$3.50B
Total Debt	$1.27B
Cash	$1.12B
Shares Outstanding	45.34M
EV	4.99B
Earnings Score	9%
Moat Score	91%
Safety Score	52%
Final Score	51%
Working Capital	919.11M
Current Ratio	1.93
Gross Profit	$851.16M
Shares Growth 3y	0%
Equity Growth QoQ	7%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.

SEC Filings

Direct access to Itron, Inc. (ITRI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Itron, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Itron, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 6%

Stability 20%

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Itron, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Itron, Inc..

Years

Calculation mode

= $2.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$241M	$242M	$243M	$244M	$245M	$246M	$247M	$248M	$250M	$251M	$252M	$2.5B
DCF		$220M	$201M	$183M	$167M	$153M	$140M	$128M	$116M	$106M	$97M	$971M
Value	$2.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	1%	2%	3%	-4%	2%	-3%	-4%	-1%	4%	10%	11%
ROA	-	6%	7%	-2%	5%	-0%	-3%	-0%	5%	8%	9%
ROE	-	5%	7%	-14%	6%	-7%	-7%	-1%	7%	17%	17%

Good Net Margins (10.76%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	4.42	4.32	20.41	8.48	15.08	3.83	96.78	4.69	6.09	5.25
Debt over Equity	0.61	0.49	0.76	1.38	1.19	1.14	0.4	0.39	0.35	0.9	0.84
Growth Stability	-	-	-	-293%	-	-2K%	-	-	-	100%	-2K%

Bad Debt/FCF ratio (5.25)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.84)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-2K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	7%	0%	18%	5%	-13%	-9%	-9%	21%	12%	2%
Earnings YoY growth	-	151%	80%	-273%	-149%	-218%	40%	-88%	-1K%	147%	11%
Equity YoY growth	-	4%	24%	-9%	9%	5%	36%	4%	12%	6%	10%
FCF YoY growth	-	146%	96%	-65%	125%	-44%	90%	-96%	2K%	112%	16%