📊 ITRI Key Takeaways
Is Itron, Inc.. (ITRI) a Good Investment?
Itron demonstrates solid cash generation and strong liquidity, but faces significant headwinds with declining revenues and extremely poor capital returns (3.3% ROE, 1.3% ROA). The company's 50% debt-financed capital structure paired with flat earnings growth presents limited upside without operational improvement.
Itron shows strong fundamental quality through solid margins, robust free cash flow generation, and a healthy balance sheet with ample liquidity and strong interest coverage. The main offset is weak top-line momentum, with revenue down year over year and net income essentially flat, but overall profitability and cash conversion remain strong enough to support a favorable view.
Why Buy Itron, Inc.. Stock? ITRI Key Strengths
- Strong free cash flow generation ($79M annually, 13.5% FCF margin) with operating cash flow exceeding net income, indicating earnings quality
- Excellent liquidity position with 2.66x current ratio and $712.9M cash providing substantial financial flexibility
- Healthy operating margins (11.5%) and profitability metrics (40.3% gross margin, 9.1% net margin) for a measurement instruments company
- Strong profitability with 37.7% gross margin, 13.2% operating margin, and 12.7% net margin
- High cash generation, with $405.95M operating cash flow and $383.06M free cash flow translating to a 16.2% FCF margin
- Sound financial health supported by $1.02B cash, 1.80x current ratio, and 32.0x interest coverage
ITRI Stock Risks: Itron, Inc.. Investment Risks
- Declining revenue (-3.0% YoY) indicates market headwinds or competitive pressures affecting top-line growth trajectory
- Critically poor capital efficiency with ROE of only 3.3% and ROA of 1.3%, suggesting inefficient asset deployment and shareholder value destruction
- High financial leverage with $1.6B debt equaling stockholders' equity, constraining strategic flexibility and creating vulnerability in downturns
- Revenue declined 3.0% year over year, raising concern about underlying demand and growth durability
- Net income fell 0.8% year over year despite strong EPS growth, suggesting some earnings-per-share improvement may not be driven by core profit expansion
- Long-term debt of $1.26B and debt-to-equity of 0.74x are manageable but still require continued disciplined cash generation
Key Metrics to Watch
- Revenue trend reversal (critical indicator of market stabilization vs. structural decline)
- Return on equity improvement (must substantially exceed current 3.3% to justify capital structure)
- Debt reduction progress and leverage ratio management to assess financial flexibility
- Revenue growth and order/backlog conversion
- Operating margin and free cash flow margin
Itron, Inc.. (ITRI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.66x current ratio provides a solid financial cushion.
ITRI Profit Margin, ROE & Profitability Analysis
ITRI vs Utilities Sector: How Itron, Inc.. Compares
How Itron, Inc.. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Itron, Inc.. Stock Overvalued? ITRI Valuation Analysis 2026
Based on fundamental analysis, Itron, Inc.. has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Itron, Inc.. Balance Sheet: ITRI Debt, Cash & Liquidity
ITRI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Itron, Inc..'s revenue has remained relatively flat over the 5-year period, with a 2% decline. The most recent EPS of $2.11 reflects profitable operations.
ITRI Revenue Growth, EPS Growth & YoY Performance
ITRI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $587.0M | $53.5M | $1.18 |
| Q3 2025 | $581.6M | $65.6M | $1.41 |
| Q2 2025 | $606.8M | $51.3M | $1.10 |
| Q1 2025 | $603.4M | $51.7M | $1.12 |
| Q3 2024 | $560.8M | $40.2M | $0.87 |
| Q2 2024 | $541.1M | $12.4M | $0.27 |
| Q1 2024 | $494.6M | -$11.8M | $-0.26 |
| Q3 2023 | $420.9M | $4.1M | $0.09 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Itron, Inc.. Dividends, Buybacks & Capital Allocation
ITRI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Itron, Inc.. (CIK: 0000780571)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ITRI
What is the AI rating for ITRI?
Itron, Inc.. (ITRI) has a Combined AI Rating of BUY from Claude (HOLD) and ChatGPT (BUY) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ITRI's key strengths?
Claude: Strong free cash flow generation ($79M annually, 13.5% FCF margin) with operating cash flow exceeding net income, indicating earnings quality. Excellent liquidity position with 2.66x current ratio and $712.9M cash providing substantial financial flexibility. ChatGPT: Strong profitability with 37.7% gross margin, 13.2% operating margin, and 12.7% net margin. High cash generation, with $405.95M operating cash flow and $383.06M free cash flow translating to a 16.2% FCF margin.
What are the risks of investing in ITRI?
Claude: Declining revenue (-3.0% YoY) indicates market headwinds or competitive pressures affecting top-line growth trajectory. Critically poor capital efficiency with ROE of only 3.3% and ROA of 1.3%, suggesting inefficient asset deployment and shareholder value destruction. ChatGPT: Revenue declined 3.0% year over year, raising concern about underlying demand and growth durability. Net income fell 0.8% year over year despite strong EPS growth, suggesting some earnings-per-share improvement may not be driven by core profit expansion.
What is ITRI's revenue and growth?
Itron, Inc.. reported revenue of $587.0M.
Does ITRI pay dividends?
Itron, Inc.. does not currently pay dividends.
Where can I find ITRI SEC filings?
Official SEC filings for Itron, Inc.. (CIK: 0000780571) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ITRI's EPS?
Itron, Inc.. has a diluted EPS of $1.18.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ITRI a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Itron, Inc.. has a BUY rating with 73% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is ITRI stock overvalued or undervalued?
Valuation metrics for ITRI: ROE of 3.3% (sector avg: 10%), net margin of 9.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy ITRI stock in 2026?
Our dual AI analysis gives Itron, Inc.. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ITRI's free cash flow?
Itron, Inc..'s operating cash flow is $85.5M, with capital expenditures of $6.5M. FCF margin is 13.5%.
How does ITRI compare to other Utilities stocks?
Vs Utilities sector averages: Net margin 9.1% (avg: 12%), ROE 3.3% (avg: 10%), current ratio 2.66 (avg: 0.8).