Itron, Inc. (ITRI) Stock Price & Analysis
Itron, Inc. (ITRI) closed at USD 87.65 on Friday, October 23, 2026, down 0.59% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 88.17; the Oct 23, 2026 session ranged USD 85.93–88.47 on volume of 640,196 shares. Market capitalization is $3.84B, with a 52-week range of USD 77.77–142 (NMS). Source: Nexqual, retrieved October 24, 2026 at 03:02 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ITRI.md
Key facts (ITRI)
- Last four reported quarters (through Jun 30, 2026): revenue $2.30B, net income $274M (11.9% margin), free cash flow $385M (SEC filings).
- Valuation: P/E 14.0x (avg 23.7x at the last 3 fiscal year-ends), EV/EBITDA 12.8x, net debt $865M.
- 1 of 80 tracked superinvestors hold ITRI (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.91 on a 1–5 scale) (11 analysts), mean target USD 128.44 (range 107–150).
- Total return with dividends: 1Y -35.5% vs S&P 500 +13.4%; 5Y +12.7% vs S&P 500 +76.9%.
- Next earnings: 2026-10-27, EPS estimate USD 1.56, revenue estimate $595M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ITRI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.98B | $1.80B | $2.17B | $2.44B | $2.37B | $2.30B |
| Gross profit | $573M | $522M | $714M | $839M | $892M | — |
| Operating income | -$79.3M | -$7.4M | $129M | $264M | $313M | $304M |
| Net income | -$81.3M | -$9.7M | $96.9M | $239M | $301M | $274M |
| EPS (diluted) | -$1.83 | -$0.22 | $2.11 | $5.18 | $6.50 | — |
| Free cash flow | $120M | $4.8M | $98.1M | $208M | $383M | $385M |
| Gross margin | 28.9% | 29.1% | 32.8% | 34.4% | 37.7% | — |
| Operating margin | -4.0% | -0.4% | 5.9% | 10.8% | 13.2% | 13.2% |
| Net margin | -4.1% | -0.5% | 4.5% | 9.8% | 12.7% | 11.9% |
| Revenue growth | -8.8% | -9.4% | +21.1% | +12.3% | -3.0% | — |
| Cash + short-term investments | $163M | $202M | $302M | $1.05B | $1.02B | — |
| Total debt | $460M | $460M | $460M | $1.26B | $1.26B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ITRI)
P/E 14.0x · P/S 1.7x · EV/EBITDA 12.8x · EV/Sales 2.0x · P/FCF 10.0x · P/B 2.4x · FCF yield 10.04% · Earnings yield 7.14% · Buyback yield (TTM) 6.57% · Net debt $865M · EV $4.70B
P/E at fiscal year-ends: Dec 2025 14.3x, Dec 2024 21.0x, Dec 2023 35.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (ITRI)
1 of 80 tracked investors hold ITRI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $10.8M | New position |
Analysts (ITRI)
Consensus Buy (mean 1.91 on a 1–5 scale), 11 analysts; mean target USD 128.44 (low 107, high 150).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-29 | Needham | Target raised | Buy | $116 → $128 |
Total return (dividends reinvested) (ITRI)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -35.5% | +12.7% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -35.6% | +2.4% |
| Volatility (annualized) | 47.5% | 40.2% |
| Max drawdown | -43.5% (Oct 2025→May 2026) | -46.8% (Nov 2021→Sep 2022) |
ITRI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Networked Solutions | $339.2M | 60.3% | -17.0% |
| Device Solutions | $111.4M | 19.8% | -1.2% |
| Outcomes | $96.4M | 17.1% | +13.3% |
| Resiliency Solutions | $15.8M | 2.8% | — |
| Total revenue | $562.9M | 100% | — |
ITRI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product revenues | $453.5M | 80.6% | -12.3% |
| Service revenues | $109.4M | 19.4% | +22.2% |
| Total revenue | $562.9M | 100% | — |
ITRI revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States and Canada | $448.3M | 79.6% | -10.4% |
| Europe, Middle East, and Africa | $83.9M | 14.9% | +6.8% |
| Asia Pacific | $30.7M | 5.5% | +11.0% |
| Total revenue | $562.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ITRI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Urbint | “The acquisition provides value to Itron through the leverage of Urbint's artificial intelligence (AI)-powered operational resilience solutions to enhance our offerings to our customers.” |
Quoted from the company's 10-K filed Feb 17, 2026.
ITRI customer concentration
In the period ended Sep 30, 2024, a single direct customer accounted for 10.7% of revenue, per the company's 10-Q filed Oct 30, 2025. The company does not name it.
ITRI company outlook (results filed Jul 28, 2026)
- “Third quarter 2026 financial outlook: Revenue between $590 and $600 million Non-GAAP diluted EPS between $1.50 and $1.60 Updated full year 2026 financial outlook: Revenue between $2.37 and $2.41 billion Non-GAAP diluted EPS between $6.30 - $6.50 Earnings Conference Call Itron will host a conference call to discuss the financial results contained in this release at 10:00 a.m.”
Analysts expect $595.5M for the current quarter, in line with the midpoint of the company's guidance ($595.0M).
Quoted word-for-word from the SEC 8-K results press release.
ITRI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.56 | $1.56 | +0.0% | $595.5M | 9 |
| Next quarter (ends Dec 2026) | $1.78 | $1.66 | +7.5% | $642.8M | 8 |
| Current fiscal year (ends Dec 2026) | $6.42 | $5.97 | +7.4% | $2.39B | 9 |
| Next fiscal year (ends Dec 2027) | $7.00 | $6.56 | +6.7% | $2.55B | 9 |
Key Statistics (as of October 24, 2026 at 03:02 UTC)
| Price | USD 87.65 |
|---|---|
| Change | ▼ 0.59% (down) |
| Previous Close | USD 88.17 |
| Open | USD 87.29 |
| Day Range | USD 85.93 – 88.47 |
| 52-Week Range | USD 77.77 – 142 |
| Volume | 640,196 shares |
| Market Cap | $3.84B |
| Exchange | NMS |
Technical Analysis (ITRI)
Nexqual's technical model rates ITRI "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 24, 2026 at 03:02 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 48.35 (neutral) |
| vs SMA50 | Below (USD 91.66) |
| MACD | -1.52 (negative) |
Analyst Ratings (ITRI)
Wall Street analysts rate ITRI "Buy" based on 11 analysts, with a mean price target of USD 128.44 (range USD 107–150), per Nexqual as of October 24, 2026 at 03:02 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 128.44 |
| High Target | USD 150 |
| Low Target | USD 107 |
| Buy / Hold / Sell | 9 / 2 / 0 |
Earnings (ITRI)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.56 |
| Revenue Estimate | $595.48M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.59 vs est 1.29 ▲ beat |
| 2026-03-31 | USD 1.49 vs est 1.24 ▲ beat |
| 2025-12-31 | USD 2.46 vs est 2.19 ▲ beat |
| 2025-09-30 | USD 1.54 vs est 1.48 ▲ beat |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
Financials & Fundamentals (ITRI)
| Total Revenue | $2.30B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -7.20% |
| Gross Margin | +39.87% |
| Operating Margin | +13.46% |
| Profit Margin | +11.89% |
| ROE | +16.89% |
| Debt / Equity | 0.98 |
| Current Ratio | 2.75 |
| Total Cash | $745.23M |
| Total Debt | $1.60B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $385.38M (16.7% of revenue) |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
Financial Health Score (ITRI)
Nexqual rates Itron, Inc.'s overall financial health "Mixed" across five dimensions, as of October 24, 2026 at 03:02 UTC.
| Growth | Weak — Revenue -3% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 40%, operating 13% (last 12 months) |
| Balance Sheet | Mixed — $745M cash and investments vs $1.61B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $385M (last 4 quarters to Jun 2026, SEC), 17% margin |
| Efficiency | Solid — ROE 17%, ROA 5.0% |
Ownership (ITRI)
| Insider Ownership | +1.79% |
|---|---|
| Institutional Ownership | +124.22% |
| Shares Outstanding | 43.79M |
| Float | 43.02M |
| Short % of Float | +19.43% |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
Leadership (ITRI)
Itron, Inc. is led by Thomas L. Deitrich, CEO, President & Director, per Nexqual as of October 24, 2026 at 03:02 UTC.
| CEO, President & Director | Thomas L. Deitrich |
|---|---|
| Senior VP & CFO | Joan S. Hooper |
| Senior Vice President of Outcomes | Donald L. Reeves |
| Senior Vice President of Device Solutions | Justin K. Patrick |
| Senior Vice President of Networked Solutions | John F. Marcolini |
Major Backers & Investors (ITRI)
Notable institutional backers of Itron, Inc. include Impax Asset Management Group plc, Invesco, First Trust Advisors LP, according to Nexqual as of October 24, 2026 at 03:02 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Impax Asset Management Group plc | 4.4% |
| Invesco | 3.5% |
| First Trust Advisors LP | 2.77% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Clean Edge Smart Grid Infra | 1.14% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.29% |
| Vanguard Group | 12.56% |
| State Street | 4.13% |
| Dimensional Fund Advisors | 4.04% |
| Geode Capital | 2.84% |
| Amundi | 2.64% |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
From Itron, Inc.'s Latest SEC 10-K Filing (filed 2026-02-17)
Key Strengths & Strategy (as disclosed to the SEC)
- We invested approximately $207 million, $215 million, and $209 million in research and development in 2025, 2024, and 2023, which represented 9%, 9%, and 10% of total revenues for years 2025, 2024, and 2023 respectively.
- Examples from the Device Solutions portfolio include: standard endpoints that are shipped without Itron communications, such as our standard electricity, gas, and water meters for a variety of global markets and adhering to regulations and standards within those markets, as well as our heat and allocation products; communicating meters designed to operate outside of Itron end-to-end solutions and designed to meet market requirements; and the implementation and installation of associated devices.
- A direct sales force is utilized for larger utility customers, with which we have built long-established relationships.
- Due to the interoperable, open-standards based nature of our platform, we have also cultivated a highly diverse and growing ecosystem of partners and third-party developers who can create complementary solutions for our customers that run on the same network and within the same platform framework.
Partnerships
- We pursue strategic alliances with other companies in areas where collaboration can produce product advancement and acceleration of entry into new markets.
- The objectives and goals of a strategic alliance can include one or more of the following: technology exchange, research and development, joint sales and marketing, or access to new geographic markets.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in tax laws, valuation allowances, and unanticipated tax liabilities could adversely affect our effective income tax rate and profitability.
- Changes in environmental regulations, violations of such regulations, or future environmental liabilities could cause us to incur significant costs and could adversely affect our operations.
- Failure or perceived failure to meet our ESG goals or expectations or those set by growing public interest and government regulation of ESG topics could result in reputational harm or adversely affect our business.
- Our international sales and operations are subject to complex laws relating to foreign corrupt practices and anti-bribery laws, among many others, and a violation of, or change in, these laws could adversely affect our operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BMI | Badger Meter, Inc. | USD 151.24 | ▲ 1.07% |
| VNT | Vontier Corporation | USD 34.36 | ▼ 0.52% |
| NOVT | Novanta Inc. | USD 140.8 | ▲ 3.03% |
| ST | Sensata Technologies Holding pl | USD 40.38 | ▼ 0.79% |
| ESE | ESCO Technologies Inc. | USD 232.1 | ▼ 0.38% |
| CGNX | Cognex Corporation | USD 55.55 | ▲ 1.74% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 03:02 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt