ITRON, INC. ITRI

Technology SIC 3825 - Instruments For Meas & Testing of Electricity & Elec Signals NAICS Manufacturing › Computer and Electronic Product Manufacturing › Navigational, Measuring, Electromedical, and Control Instruments Manufacturing › Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals derived Nasdaq

Itron is a global leader in grid edge intelligence, energy and water management, smart city applications, Industrial Internet of Things (IIoT) and critical infrastructure and related services. Our intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable, and affordable service. With edge intelligence, we connect people, data insights, and devices so communities can better manage the essential resources they rely on.

Itron provides an integrated, intelligent portfolio of endpoints (such as sensors, switches, and meters) that collect and analyze data, control devices, and take action in the field. Our multi-purpose multi-tenant communication networks harvest that data and deliver where and when needed; our software and services then turn that data into insights for analysis and action. With Itron, our customers achieve more efficient operations, improve operating resilience, better engage consumers, increase capacity, and enhance profitability.

Last close 87.65 2026-10-23
Market cap $3.84B 2026-06-30 share count
52-week range 77.77 - 142.00

Valuation FY2025 figures against the last close

P/S1.6x
P/E13.5x
P/FCF10.0x
EV/EBITDA11.2x
Dividend yield—
Diluted EPS6.50

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States and Canada
  • Europe, Middle East, and Africa
  • Asia Pacific
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States and Canada, FY2025: 1.9B (81.4%) 81% United States and Canada Europe, Middle East, and Africa, FY2025: 318.5M (13.5%) 13% Asia Pacific, FY2025: 121.2M (5.1%) 5% FY2024 United States and Canada, FY2024: 2B (82.2%) 82% Europe, Middle East, and Africa, FY2024: 339M (13.9%) 14% Asia Pacific, FY2024: 94.8M (3.9%) 4% FY2023 United States and Canada, FY2023: 1.7B (79.8%) 80% Europe, Middle East, and Africa, FY2023: 340.9M (15.7%) 16% Asia Pacific, FY2023: 99.1M (4.6%) 5%
Region FY2025FY2024FY2023
United States and Canada $1.93B $2.01B $1.73B
Europe, Middle East, and Africa $318.5M $339.0M $340.9M
Asia Pacific $121.2M $94.8M $99.1M

As the company reported it, from the “Segment Information - Revenues By Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Networked Solutions
  • Device Solutions
  • Outcomes
  • Other
Revenue by segment, 4 categories over 1 years. The same figures are in the table below. FY2025 Networked Solutions, FY2025: 1.6B (65.8%) 66% Networked Solutions Device Solutions, FY2025: 447.1M (18.9%) 19% Device Solutions Outcomes, FY2025: 359.7M (15.2%) 15% Outcomes Other, FY2025: 3M (0.1%)
Segment FY2025
Networked Solutions $1.56B
Device Solutions $447.1M
Outcomes $359.7M
Other $3.0M

As the company reported it, from the “Segment Information - Information By Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.37B$2.44B$2.17B$1.80B$1.98B$2.17B$2.50B$2.38B$2.02B$2.01B
Cost of revenue $1.48B$1.60B$1.46B$1.27B$1.41B$1.57B$1.75B$1.65B$1.34B$1.35B
Gross profit $892.1M$839.3M$713.9M$522.2M$573.2M$602.2M$752.3M$730.3M$676.8M$662.5M
R&D $207.0M$215.0M$208.7M$185.1M$197.2M$194.1M$202.2M$207.9M$169.4M$167.8M
SG&A $353.0M$339.1M$312.8M$290.5M$300.5M$276.9M$346.9M$423.2M$325.3M$319.6M
Total operating expenses $579.0M$575.2M$585.0M$529.6M$652.5M$612.6M$619.6M$780.0M$521.9M$561.5M
Operating income $313.1M$264.1M$128.9M-$7.4M-$79.3M-$10.4M$132.7M-$49.7M$154.9M$101.0M
Interest expense $22.5M$15.4M$8.3M$6.7M$28.6M$44.0M$52.5M$58.2M$13.8M$13.5M
Pre-tax income $342.3M$284.5M$127.4M-$15.7M-$123.8M-$56.6M$73.0M-$109.2M$134.6M$84.6M
Income tax $38.9M$43.4M$29.1M$6.2M$45.5M$238.0K$20.6M$12.6M$74.3M$49.6M
Net income $301.1M$239.1M$96.9M-$9.7M-$81.3M-$58.0M$49.0M-$99.2M$57.3M$31.8M
EPS, basic 6.625.272.13-0.22-1.83-1.441.24-2.531.480.83
EPS, diluted 6.505.182.11-0.22-1.83-1.441.23-2.531.450.82
Shares, diluted (wtd. avg.) 46.3M46.2M45.8M45.1M44.3M40.3M40.0M39.2M39.4M38.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.02B$1.05B$302.0M$202.0M$162.6M$206.9M$149.9M$122.3M$487.3M$133.6M
Receivables $342.5M$295.3M$272.9M$249.8M$261.1M$318.3M$415.9M$416.5M$369.0M$299.9M
Inventory $242.9M$270.7M$283.7M$228.7M$165.8M$182.4M$227.9M$220.7M$193.8M$163.0M
Total current assets $1.82B$1.82B$1.05B$829.6M$749.9M$930.3M$997.3M$896.1M$849.7M$732.5M
Property, plant and equipment $112.2M$115.4M$128.8M$140.1M$163.2M$207.8M$233.2M$226.6M$200.8M$176.5M
Goodwill $1.34B$1.05B$1.05B$1.04B$1.10B$1.13B$1.10B$1.12B$555.8M$452.5M
Other intangibles $83.3M$43.1M$46.3M$64.9M$92.5M$133.0M$185.1M$257.6M$95.2M$72.2M
Total assets $3.72B$3.41B$2.60B$2.38B$2.39B$2.61B$2.71B$2.61B$2.11B$1.58B
Accounts payable $156.3M$144.9M$199.5M$237.2M$193.1M$215.6M$328.1M$310.0M$262.2M$172.7M
Short-term debt $459.5M$0——$0$18.4M$0$28.4M$19.7M$14.1M
Total current liabilities $1.01B$528.3M$537.2M$498.6M$501.3M$549.9M$671.4M$652.7M$507.8M$413.0M
Long-term debt $788.8M$1.24B$454.8M$452.5M$450.2M$902.6M$932.5M$988.2M$593.6M$290.5M
Total liabilities $1.98B$2.00B$1.27B$1.19B$1.25B$1.77B$1.91B$1.87B$1.30B$927.5M
Retained earnings $111.8M-$189.3M-$428.4M-$525.3M-$515.6M-$434.3M-$376.4M-$425.4M-$337.9M-$409.5M
Total equity $1.72B$1.39B$1.33B$1.19B$1.14B$840.3M$800.8M$734.0M$805.6M$650.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $406.0M$238.2M$125.0M$24.5M$154.8M$109.5M$172.8M$109.8M$191.4M$115.8M
Depreciation and amortisation $49.5M$56.3M$55.8M$66.8M$84.2M$97.3M$114.4M$122.5M$63.2M$68.3M
Stock-based compensation $62.4M$43.9M$28.4M$21.9M$23.6M$25.1M$27.0M$31.3M$21.4M$18.0M
Capital expenditure $22.9M$30.6M$26.9M$19.7M$34.7M$46.2M$60.7M$60.0M$49.5M$43.5M
Investing cash flow -$349.7M-$63.4M-$23.3M$40.5M-$34.9M-$41.0M-$48.2M-$862.7M-$148.2M-$47.5M
Financing cash flow -$97.5M$579.6M-$3.5M-$18.7M-$152.9M-$11.6M-$97.5M$395.8M$302.0M-$63.0M
Buybacks $100.0M$100.0M$0$17.0M$8.0M$0$25.0M$0$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000780571-26-000033.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 2B Gross profit, FY2016: 662.5M Net income, FY2016: 31.8M Revenue, FY2017: 2B Gross profit, FY2017: 676.8M Net income, FY2017: 57.3M Revenue, FY2018: 2.4B Gross profit, FY2018: 730.3M Net income, FY2018: -99.2M Revenue, FY2019: 2.5B Gross profit, FY2019: 752.3M Net income, FY2019: 49M Revenue, FY2020: 2.2B Gross profit, FY2020: 602.2M Net income, FY2020: -58M Revenue, FY2021: 2B Gross profit, FY2021: 573.2M Net income, FY2021: -81.3M Revenue, FY2022: 1.8B Gross profit, FY2022: 522.2M Net income, FY2022: -9.7M Revenue, FY2023: 2.2B Gross profit, FY2023: 713.9M Net income, FY2023: 96.9M Revenue, FY2024: 2.4B Gross profit, FY2024: 839.3M Net income, FY2024: 239.1M Revenue, FY2025: 2.4B Gross profit, FY2025: 892.1M Net income, FY2025: 301.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.01B $2.02B $2.38B $2.50B $2.17B $1.98B $1.80B $2.17B $2.44B $2.37B
Gross profit $662.5M $676.8M $730.3M $752.3M $602.2M $573.2M $522.2M $713.9M $839.3M $892.1M
Net income $31.8M $57.3M -$99.2M $49.0M -$58.0M -$81.3M -$9.7M $96.9M $239.1M $301.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3825

TickerCompanyMarket capP/ERevenue growth
TER TERADYNE, INC $48.29B 89.0x 13.1%
VLTO Veralto Corp $25.62B 27.7x 6.0%
COHU COHU INC $2.27B — 12.7%
AEHR AEHR TEST SYSTEMS $1.80B — -15.2%
ALNT ALLIENT INC $1.49B 66.4x 4.6%
TRNS TRANSCAT INC $766.8M 143.7x 19.2%
INTT INTEST CORP $172.8M — -12.9%
DAIO DATA I/O CORP $25.6M — -1.2%