Itron (ITRI) AI Stock Analysis

• Market Cap: $4.82B
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 18.9
• Beta (1Y): 1.03
• Revenue Growth: 0.14%
• EPS Growth: 14.12%
• Country: US
• Employees: 5,040
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.54
• Shares Outstanding: 45,801,373
• 10 Day Avg. Volume: 2,066,007
• 30 Day Avg. Volume: 1,094,389
• PEG Ratio: 0.14
• Price to Book (P/B): 3.54
• Price to Sales (P/S): 2.02
• P/FCF Ratio: 23.73
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 2.40
• Enterprise Value/Gross Profit: 6.60
• Enterprise Value/Ebitda: 15.81
• 1Y Price Target: $141.14
• Price Target Upside: 34.05% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 6.86
• Revenue Forecast (FY): $2.36B

• Rating: 69 Neutral
• Price Target: $117.00 ▲(11.12% Upside)

Itron's overall stock score reflects strong financial performance and positive earnings call highlights, including strategic growth initiatives and record-breaking financial metrics. However, bearish technical indicators and challenges in project deployment timelines weigh on the score. The moderate valuation suggests some room for growth, but the lack of a dividend yield may deter income-focused investors.

Positive Factors

Strong Cash Generation

Itron's ability to generate strong free cash flow indicates efficient operations and provides flexibility for future investments and debt reduction.

Expansion in Distributed Intelligence

Growth in distributed intelligence applications strengthens Itron's market position and enhances its product offerings, supporting long-term revenue streams.

Acquisition of Urbint

The acquisition of Urbint complements Itron's portfolio, enhancing capabilities in emergency preparedness and worker safety, and supporting strategic growth.

Negative Factors

Project Deployment Delays

Delays in project deployments can hinder revenue recognition and impact short-term financial performance, posing challenges to meeting growth targets.

Lower-Than-Expected Bookings

Lower bookings indicate potential challenges in securing new contracts, which may affect future revenue growth and market competitiveness.

Revenue Decline in Key Segments

Declining revenue in key segments like device solutions suggests competitive pressures or market saturation, which could impact long-term growth prospects.

Itron Business Overview & Revenue Model

Company Description

Itron, 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.

How the Company Makes Money

Itron generates revenue through multiple key streams, primarily from the sale of hardware, software, and services related to energy and water management. Their revenue model includes the sale of smart meters, communication modules, and software platforms that aid in data collection and analysis. Additionally, Itron earns recurring revenue through maintenance and support services, as well as through long-term contracts with utility companies for the provision of data management services. Strategic partnerships with various utility providers and technology firms enhance Itron's market reach and contribute to its earnings by expanding the deployment of its solutions across different regions and sectors.

Itron Financial Statement Overview

Summary

Itron demonstrates a solid financial performance with improved profitability and cash flow metrics. The company has effectively reduced its leverage, enhancing financial stability. Despite a slight decline in revenue growth, the improved margins and cash flow efficiency indicate a positive trajectory. Continued focus on revenue growth will be crucial for sustaining this momentum.

Income Statement

Itron's income statement shows a strong recovery with a TTM gross profit margin of 36.30%, up from 34.39% in the previous year. The net profit margin improved significantly to 10.69% TTM, indicating enhanced profitability. However, the revenue growth rate is slightly negative at -1.39% TTM, suggesting a recent decline in sales. The EBIT and EBITDA margins have also improved to 13.01% and 15.15% TTM, respectively, reflecting better operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.36 TTM, significantly reduced from 0.91 in the previous year, indicating lower leverage. The return on equity is strong at 16.65% TTM, showcasing effective use of equity. However, the equity ratio is not explicitly available, but the overall asset base has grown, suggesting a solid financial foundation.

Cash Flow

Cash flow analysis reveals a robust free cash flow growth of 10.34% TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.37 TTM, and the free cash flow to net income ratio is 0.93 TTM, both reflecting strong cash conversion efficiency. This suggests that Itron is effectively converting its profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.41B	2.44B	2.17B	1.80B	1.98B	2.17B
Gross Profit	874.26M	839.32M	713.91M	522.19M	573.17M	602.17M
EBITDA	364.93M	321.43M	226.91M	84.61M	121.03M	179.75M
Net Income	257.53M	239.10M	96.92M	-9.73M	-81.25M	-57.95M
Balance Sheet
Total Assets	3.71B	3.41B	2.60B	2.38B	2.39B	2.61B
Cash, Cash Equivalents and Short-Term Investments	1.33B	1.05B	302.05M	202.01M	162.58M	206.93M
Total Debt	1.27B	1.28B	502.46M	515.10M	507.54M	987.76M
Total Liabilities	2.00B	2.00B	1.27B	1.19B	1.25B	1.77B
Stockholders Equity	1.69B	1.39B	1.31B	1.17B	1.12B	816.55M
Cash Flow
Free Cash Flow	339.69M	207.61M	98.09M	4.75M	120.11M	63.31M
Operating Cash Flow	364.45M	238.18M	124.97M	24.50M	154.79M	109.51M
Investing Cash Flow	-25.82M	-63.41M	-23.31M	40.52M	-34.88M	-41.04M
Financing Cash Flow	7.35M	579.57M	-3.51M	-18.74M	-152.89M	-11.58M

Itron Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 105.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ITRI, the sentiment is Negative. The current price of 105.29 is below the 20-day moving average (MA) of 123.87, below the 50-day MA of 122.93, and below the 200-day MA of 117.11, indicating a bearish trend. The MACD of -5.68 indicates Positive momentum. The RSI at 32.96 is Neutral, neither overbought nor oversold. The STOCH value of 15.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ITRI.

Itron Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BMI	78 Outperform	$5.54B	40.03	21.45%	0.76%	12.11%	16.45%
SANM	78 Outperform	$9.07B	38.19	10.38%	―	7.40%	13.79%
ESE	76 Outperform	$5.58B	48.71	9.01%	0.15%	10.65%	15.22%
ITRI	69 Neutral	$4.82B	18.94	16.93%	―	0.14%	14.12%
VNT	63 Neutral	$5.51B	13.94	35.82%	0.27%	1.76%	4.10%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ST	61 Neutral	$4.52B	―	-0.92%	1.51%	-8.07%	63.50%

Itron Corporate Events

Itron Inc’s Earnings Call: Record Gains Amid Challenges

Itron Inc’s recent earnings call painted a picture of both triumph and challenge. The company celebrated record-breaking financial achievements and strategic expansions, yet also acknowledged hurdles in project deployments and bookings. Despite these obstacles, Itron remains optimistic about its long-term growth potential.

Itron Inc. Reports Q3 2025 Financial Results

Itron Inc. is a company that specializes in providing innovative solutions for utilities and cities to manage energy and water efficiently, operating primarily in the intelligent infrastructure sector. In its third quarter of 2025, Itron reported a revenue of $582 million, marking a 5% decrease from the previous year. Despite the decline in revenue, the company achieved a record margin, profitability, and cash flow, with an adjusted EBITDA increase of 10% and free cash flow rising by $55 million. The company’s gross margin improved to 37.7%, attributed to a favorable customer and product mix.

Itron Acquires Urbint to Boost AI Solutions

On October 6, 2025, Itron, Inc. announced its acquisition of Urbint, Inc., a software company based in Miami, Florida, for $325 million. This acquisition aims to enhance Itron’s offerings by integrating Urbint’s AI-powered operational resilience solutions, which help utilities manage aging infrastructure and extreme weather challenges. The transaction is expected to close in the fourth quarter of 2025 and will be funded through cash on hand.

The most recent analyst rating on (ITRI) stock is a Buy with a $139.00 price target. To see the full list of analyst forecasts on Itron stock, see the ITRI Stock Forecast page.

Itron Secures $750 Million Credit Agreement

On September 25, 2025, Itron, Inc. announced a third amended and restated credit agreement, securing $750 million in committed credit facilities. This agreement includes a multi-currency revolving line of credit, which will be utilized for working capital, general corporate purposes, and issuing letters of credit. The agreement, which amends the company’s previous credit agreement from January 5, 2018, has a maturity date of September 25, 2030, with provisions for early maturity if certain conditions are not met. The credit facilities include specific interest rate options and leverage ratio covenants, impacting the company’s financial flexibility and operational strategies.

The most recent analyst rating on (ITRI) stock is a Buy with a $139.00 price target. To see the full list of analyst forecasts on Itron stock, see the ITRI Stock Forecast page.

Itron Appoints Scott Drury to Board of Directors

On August 21, 2025, Itron, Inc. announced the appointment of Scott Drury, former CEO of Southern California Gas Company, to its board of directors. Drury brings over 35 years of experience in the electric and natural gas industry, having led large-scale transformations and enhanced shareholder value. His appointment is expected to provide valuable insights into customer challenges and opportunities, aligning with Itron’s strategic priorities to drive business forward.

The most recent analyst rating on (ITRI) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Itron stock, see the ITRI Stock Forecast page.

Itron Appoints Sheri Savage to Board of Directors

On August 11, 2025, Itron, Inc. appointed Sheri Savage, a seasoned finance executive with over 30 years of experience, to its Board of Directors. Savage, who has held significant roles at Ultra Clean Holdings, including CFO, is expected to bring strategic financial leadership to Itron, enhancing its business strategy and optimizing shareholder value.

The most recent analyst rating on (ITRI) stock is a Hold with a $110.00 price target. To see the full list of analyst forecasts on Itron stock, see the ITRI Stock Forecast page.