Zacks Investment Research·Jun 26, 2026
Why the Market Dipped But Itron (ITRI) Gained TodayItron (ITRI) closed the most recent trading day at $83.87, moving +1.11% from the previous trading session.
Itron, Inc.(ITRI)Earnings, Financials & Key Ratios
ITRI•NASDAQ
$84.44
13.0× P/E·Price updated Jul 7, 2026
AboutItron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers value-added, enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, 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. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.Show more
- Revenue$2.37B-3.0%
- EBITDA$369M+15.1%
- Net Income$301M+25.9%
- EPS (Diluted)6.51+25.7%
- Gross Margin37.49%+9.0%
- EBITDA Margin15.58%+18.7%
- Operating Margin13.48%+24.6%
- Net Margin12.72%+29.8%
- ROE19.12%+9.6%
ITRI Price & Volume
Itron, Inc. (ITRI) stock price & volume — 10-year historical chart
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Margin Expansion Offsets Stagnant Utility Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Contracting
Profitability:Moderate
Financial:Fortress
Cash Flow:Robust
Primary Risk:Revenue growth stagnation
Key Thesis Takeaways
- Itron demonstrates a compelling transition toward higher-margin operations, evidenced by gross margins expanding to 40.3% in 2026Q1 despite a 3.3% year-over-year revenue contraction.
- While the company has successfully deleveraged its balance sheet to a 0.08 debt-to-equity ratio, investors should monitor the sustainability of recent aggressive capital deployment, including $515.1M in acquisitions during 2026Q1.
- The firm's ability to maintain a 13.5% free cash flow margin suggests operational resilience, though future growth remains tethered to the cyclical nature of utility capital expenditure.
Verdict Logic
while the company maintains a strong liquidity position with $712.9M in cash, the current 13.99 forward P/E ratio and stagnant revenue growth suggest that the market has already priced in the recent margin improvements.
ITRI Growth Metrics
Itron, Inc. (ITRI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.34%
5 Years1.72%
3 Years9.65%
TTM-3.99%
Profit CAGR
10 Years37.26%
5 Years-
3 Years-
TTM14.31%
EPS CAGR
10 Years34.74%
5 Years-
3 Years-
TTM14.42%
Return on Capital
10 Years4.73%
5 Years4.84%
3 Years9.54%
Last Year11.42%
ITRI Recent Earnings
Itron, Inc. (ITRI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.49+18.3%
$1.26
Rev
$587M+2.6%
$572M
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$2.46+12.3%
$2.19
Rev
$572M+1.8%
$562M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$1.54+4.1%
$1.48
Rev
$582M+3.6%
$561M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$1.62+21.8%
$1.33
Rev
$607M+1.3%
$599M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.49vs $1.26+18.3% | $587Mvs $572M+2.6% |
| Q1 2026 | Feb 17, 2026 | $2.46vs $2.19+12.3% | $572Mvs $562M+1.8% |
| Q4 2025 | Oct 30, 2025 | $1.54vs $1.48+4.1% | $582Mvs $561M+3.6% |
| Q3 2025 | Jul 31, 2025 | $1.62vs $1.33+21.8% | $607Mvs $599M+1.3% |
Based on last 12 quarters of dataView full earnings history →
Latest ITRI News
Recent stock market news and headlines for Itron, Inc. (ITRI)
Zacks Investment Research·Jun 25, 2026
Itron (ITRI) Increases Despite Market Slip: Here's What You Need to KnowItron (ITRI) closed the most recent trading day at $82.95, moving +1.64% from the previous trading session.
GlobeNewsWire·Jun 25, 2026
Nominations Now Open for Itron's Eighth Annual Innovator AwardAward Recognizes Customers Delivering Innovative Solutions with Itron Technology Global call for 2026 Itron Innovator Award submissions Program spotlights Itron customers using Itron's partner program to solve energy and water challenges Recipient to be recognized at Itron Inspire 2026 in Houston, Texas; Entries accepted through Aug. 17, 2026 LIBERTY LAKE, Wash., June 25, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), the intelligent infrastructure provider for modern energy and water management, is accepting nominations for its eighth annual Itron Innovator Award.
Zacks Investment Research·Jun 24, 2026
Wall Street Bulls Look Optimistic About Itron (ITRI): Should You Buy?When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Zacks Investment Research·Jun 18, 2026
Itron (ITRI) Exceeds Market Returns: Some Facts to ConsiderItron (ITRI) concluded the recent trading session at $80.81, signifying a +1.96% move from its prior day's close.
Peers Comparison
Key metrics vs top competitors for Itron, Inc. (ITRI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $84.44 | $3.74B | 12.97 | -3.02% | 12.72% | 19.12% | — | |
| $32.43 | $4.91B | -8.60 | 10.52% | -6.5% | -17.64% | — | |
| $53.73 | $12.73B | 30.70 | -2.61% | 12.37% | 7.95% | — | |
| $108.57 | $13.66B | 9.75 | 3.07% | 7.77% | 27.1% | — | |
| $115.07 | $6.73B | -28.27 | -79.35% | -1027.25% | -55.42% | — | |
| $5.33 | $222.76M | -3.21 | 56.89% | -214.16% | -130% | — |
Compare ITRI vs Peers
Itron, Inc. (ITRI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ITRI SEC Filings & Documents
Itron, Inc. (ITRI) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 28, 2026·SEC
Material company update
Apr 24, 2026·SEC
Material company update
Feb 26, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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ITRI Frequently Asked Questions
Itron, Inc. (ITRI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Itron, Inc.'s revenue?
Itron, Inc. (ITRI) reported $2.35B in revenue for fiscal year 2025. This represents a 1222% increase from $177.6M in 1996.
How fast is Itron, Inc. growing?
Itron, Inc. (ITRI) saw revenue decline by 3.0% over the past year.
Is ITRI profitable?
Yes, Itron, Inc. (ITRI) is profitable, generating $289.0M in net income for fiscal year 2025 (12.7% net margin).
Dividend & Returns
What is ITRI's return on equity?
Itron, Inc. (ITRI) has a return on equity (ROE) of 19.1%. This is reasonable for most industries.
What is Itron, Inc.'s free cash flow?
Itron, Inc. (ITRI) generated $392.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.