logo
Twitter
Discord
Email
logo
Itron, Inc.

Itron, Inc.

NASDAQ•ITRI
CEO: Mr. Thomas L. Deitrich
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1993-11-05
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 three segments: Device Solutions, Networked Solutions, and Outcomes. 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; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also offers industrial internet of things solutions. Including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; smart grid and distribution automation; smart street lighting; and leak detection and applications for gas and water systems. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, resource efficiency, grid analytics, and deliver results for consumers, utilities, and smart cities. In addition, it 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. The company offers its products and services under the Itron brand. It 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.
Contact Information
2111 North Molter Road, Liberty Lake, WA, 99019, United States
509-924-9900
na.itron.com
Market Cap
$4.51B
P/E (TTM)
17.5
51.5
Dividend Yield
--
52W High
$142.00
52W Low
$90.11
52W Range
16%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$581.63M-5.50%
4-Quarter Trend

EPS

$1.43-17.34%
4-Quarter Trend

FCF

$111.38M+40.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Gross Margin Significantly Expands Total gross margin reached 37.7% for Q3 2025, up 360 basis points from 34.1% in Q3 2024, driven by improved mix.
Operating Income Rises 11% Operating income grew to $81.8M in the quarter, reflecting strong cost control relative to revenue changes compared to prior year.
Total Backlog Shows Growth Total company backlog stood at $4.3B as of September 30, 2025, increasing from $4.0B reported at the end of 2024.
Adjusted EBITDA Increased Adjusted EBITDA for the quarter was $97.2M, marking a 10% increase over the $88.6M reported in the third quarter of 2024.

Risk Factors

Q3 Revenues Declined 5% Total revenues for the three months ended September 30, 2025, were $581.6M, down 5% compared to $615.5M in the prior year.
GAAP Net Income Decreased Net income attributable to Itron, Inc. fell 16% to $65.6M, heavily impacted by a 596% increase in the income tax provision.
Short-Term Backlog Softness Twelve-month backlog decreased to $1.5B from $1.7B year-over-year, suggesting potential near-term revenue visibility contraction.
Global Economic Uncertainties Management continues monitoring global economic impacts, supply chain volatility, and inflation risks affecting raw material and component costs.

Outlook

Urbint Acquisition Closing Soon Agreement signed October 6, 2025, to acquire Urbint for $325M; expected to close in the fourth quarter using cash on hand.
New Credit Facility Established Entered $750M multi-currency revolving credit facility on September 25, 2025, replacing the prior 2018 agreement structure.
Restructuring Projects Concluded 2023 Projects aimed at supply chain optimization are substantially complete as of March 31, 2025, with remaining costs minor.

Peer Comparison

Revenue (TTM)

Arrow Electronics, Inc.ARW
$29.39B
+3.2%
Kyndryl Holdings, Inc.KD
$15.01B
-1.9%
Sanmina CorporationSANM
$8.13B
+7.4%

Gross Margin (Latest Quarter)

CleanSpark, Inc.CLSK
54.6%
-2.0 pp
Cirrus Logic, Inc.CRUS
52.5%
+0.3 pp
Vontier CorporationVNT
47.3%
+0.1 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SANM$8.59B32.311.5%5.1%
TTMI$7.03B52.58.1%2.4%
CRUS$6.09B16.119.3%5.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.7%
Flat Growth
4Q Net Income CAGR
+4.1%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $581.63M-5.5%
    |
    EPS: $1.43-17.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $606.76M-0.4%
    |
    EPS: $1.50+33.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $607.15M+0.6%
    |
    EPS: $1.44+27.4%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $2.44B+12.3%
    |
    EPS: $5.27+147.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $615.46M+9.8%
    |
    EPS: $1.73+96.6%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $609.07M+12.6%
    |
    EPS: $1.12+111.3%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $603.44M+22.0%
    |
    EPS: $1.13-518.5%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 26, 2024|
    Revenue: $2.17B+21.1%
    |
    EPS: $2.13+1114.3%
    Beat