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ITRON, INC. ITRI

Nasdaq · stock · Instruments For Meas & Testing of Electricity & Elec Signals · website · IPO 1993-11-04 · LEI

ITRON, INC. statistics & valuation

Market cap$3.7B
P / E12.4×
P / S1.6×
P / B2.1×
P / FCF9.7×
Net margin12.7%
Return on equity17.3%
FCF margin16.2%
Net debt$244.6M
Net debt / EBITDA0.7×
Enterprise value USD$4.0B
EV / EBITDA10.9×
Earnings yield EBIT/EV7.9%
Return on capital11.6%
Graham number -27.8%$74.08

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($74.08); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.60% 2.80% -4.20% 2.00% -2.70% -4.10% -0.50% 4.50% 9.80% 12.70% 2016201720182019202020212022202320242025
Gross margin (%)
32.90% 33.50% 30.70% 30.10% 27.70% 28.90% 29.10% 32.80% 34.40% 37.70% 2016201720182019202020212022202320242025
Operating margin (%)
5.00% 7.70% -2.10% 5.30% -0.50% -4.00% -0.40% 5.90% 10.80% 13.20% 2016201720182019202020212022202320242025
Return on equity (%)
4.90% 7.10% -13.50% 6.10% -6.90% -7.10% -0.80% 7.30% 16.90% 17.30% 2016201720182019202020212022202320242025
Shares outstanding
38.6M 39.4M 39.5M 40.0M 40.4M 45.2M 45.2M 45.8M 46.2M 46.3M 2016201720182019202020212022202320242025
Net debt ($)
$171.7M $417.3M $865.9M $800.3M $729.2M $297.4M $258.0M $158.0M $213.8M $244.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.00% 2.70% -3.80% 1.80% -2.20% -3.40% -0.40% 3.70% 7.00% 8.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.60% 7.00% 2.10% 4.50% 2.90% 6.10% 0.30% 4.50% 8.50% 16.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.47× 0.74× 1.35× 1.19× 1.11× 0.40× 0.39× 0.35× 0.90× 0.73× 2016201720182019202020212022202320242025
EPS ($)
$0.82 $1.45 -$2.53 $1.23 -$1.44 -$1.83 -$0.22 $2.11 $5.18 $6.50 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ITRON, INC. trades at about 15.8× earnings — below its 10-year norm (10-year range 15.2×–99.9×, median 50.5×).

15.2× 99.9×

Shaded band = 10-year range (15.2×–99.9×); dot = today's 15.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin37.7%34.4%32.8%29.1%28.9%27.7%30.1%30.7%33.5%32.9%
Operating margin13.2%10.8%5.9%-0.4%-4.0%-0.5%5.3%-2.1%7.7%5.0%
Net margin12.7%9.8%4.5%-0.5%-4.1%-2.7%2.0%-4.2%2.8%1.6%
FCF margin16.2%8.5%4.5%0.3%6.1%2.9%4.5%2.1%7.0%3.6%
Return on assets8.1%7.0%3.7%-0.4%-3.4%-2.2%1.8%-3.8%2.7%2.0%
Return on equity17.3%16.9%7.3%-0.8%-7.1%-6.9%6.1%-13.5%7.1%4.9%
Debt / equity0.73×0.90×0.35×0.39×0.40×1.11×1.19×1.35×0.74×0.47×
Current ratio1.803.441.951.661.501.691.491.371.671.77

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.