Itron (ITRI) AI Stock Analysis

• Market Cap: $4.41B
• Dividend Yield: N/A
• Average Volume (3M): 714.07K
• Price to Earnings (P/E): 17.3
• 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: 682,270
• 30 Day Avg. Volume: 714,067
• 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: 1.31
• Enterprise Value/Revenue: 2.40
• Enterprise Value/Gross Profit: 6.60
• Enterprise Value/Ebitda: 15.81
• 1Y Price Target: $138.14
• Price Target Upside: 43.54% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 6.86
• Revenue Forecast (FY): $2.36B

• Rating: 70 Outperform
• Price Target: $108.00 ▲(12.22% Upside)

Itron's overall stock score reflects strong financial performance and strategic corporate actions, such as acquisitions and share buybacks, which enhance its long-term growth prospects. However, technical analysis indicates bearish momentum, and challenges in bookings and project deployments present short-term risks.

Positive Factors

Cash Generation Ability

Strong cash generation enhances Itron's ability to invest in growth opportunities and maintain financial stability, supporting long-term operations.

Strategic Acquisitions

Acquiring Urbint enhances Itron's portfolio with AI solutions, improving operational resilience and addressing utility challenges, supporting long-term growth.

Balance Sheet Health

Reduced leverage indicates improved financial health, providing Itron with greater flexibility to navigate economic fluctuations and invest in strategic initiatives.

Negative Factors

Revenue Decline

A decline in revenue growth suggests challenges in maintaining sales momentum, potentially impacting future profitability and market competitiveness.

Project Deployment Delays

Delays in project deployments can hinder revenue recognition and strain customer relationships, affecting Itron's ability to meet financial targets.

Lower-Than-Expected Bookings

Lower bookings reflect market uncertainty and could indicate future revenue challenges, impacting Itron's growth trajectory and financial performance.

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 streams, primarily from the sale of hardware, software, and services related to utility metering and management. Key revenue streams include the sale of smart meters and related devices, software licenses for data management and analytics, and ongoing support and maintenance services. Additionally, Itron earns revenue from consulting services that assist utilities in optimizing their operations. The company also benefits from partnerships with various utility companies and municipalities, providing tailored solutions that address specific resource management challenges. Significant contracts and long-term agreements with major utility providers contribute to Itron's financial stability and growth.

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	110.36M	63.31M
Operating Cash Flow	364.45M	238.18M	124.97M	24.50M	145.04M	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: 96.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 96.24 is below the 20-day moving average (MA) of 96.92, below the 50-day MA of 108.56, and below the 200-day MA of 116.27, indicating a bearish trend. The MACD of -2.94 indicates Negative momentum. The RSI at 40.54 is Neutral, neither overbought nor oversold. The STOCH value of 20.61 is Neutral, 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
SANM	79 Outperform	$8.27B	34.01	10.81%	―	7.40%	13.79%
BMI	78 Outperform	$5.35B	38.70	21.45%	0.81%	12.11%	16.45%
ITRI	70 Outperform	$4.41B	17.31	16.93%	―	0.14%	14.12%
ESE	70 Neutral	$5.14B	40.69	8.93%	0.16%	13.13%	24.02%
VNT	67 Neutral	$5.49B	13.90	35.82%	0.26%	1.76%	4.10%
ST	63 Neutral	$4.94B	-177.16	-0.92%	1.42%	-8.07%	63.50%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Itron Corporate Events

Itron Announces Acquisition of Locusview for $525 Million

On November 14, 2025, Itron, Inc. announced its agreement to acquire Locusview, Ltd., a utility-focused software and services company based in the United States and Israel, for $525 million. This acquisition, expected to close in January 2026, will be funded through cash on hand and aims to enhance Itron’s Resiliency Solutions offerings. The integration of Locusview’s digital construction management platform is anticipated to improve productivity and management of construction projects, aligning with Itron’s vision for a connected, intelligent, and sustainable network. This strategic move is expected to drive digital transformation in the utility industry, empowering infrastructure providers globally.

Itron Announces New $250 Million Share Buyback

Itron, Inc.’s Board of Directors approved a new share repurchase program of up to $250 million, effective November 10, 2025, to be conducted over an 18-month period. This decision follows the completion of a previous repurchase program where Itron repurchased 942,577 shares for $100 million from November 3 to November 6, 2025, fully utilizing the authorized capacity.

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.

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.