Is Itron (ITRI) overvalued or fairly valued?

MarketChacha shows Itron's valuation in context — a trailing P/E of about 15.8, a forward P/E of about 11.9, a price-to-book of about 2.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Itron's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.21×) from reported figures — education, not a rating.

What is Itron's revenue?

Itron reported revenue of $2.4B for FY2025, with net profit of $301.1M, per official filings.

What is the share price of Itron (ITRI)?

Itron last traded at $83.04 (-2.0% on the day), as of 10/16/2026 — a delayed quote shown for education, not investment advice.

Itron

ITRI · NYSE · Technology · United States

Snapshot

TickerITRI

ExchangeNYSE

SectorTechnology

IndustryScientific & Technical Instruments

CountryUnited States

Employees4,987

HeadquartersLiberty Lake, United States

Websitena.itron.com

Filings tracked21

About Itron

Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; network design services; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also products and software for the implementation, installation, and management of communicating devices and data networks; offers industrial internet of things solutions, including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; grid edge devices; distribution automation communications; smart lighting; and smart city sensors and applications. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning, statistical modeling, and other analytics. The Resiliency Solutions segment offers software and services. The company 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 serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.

Who owns it

Insiders1.8%
Institutions98.2%
Public & other0.0%

597 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.29%
Vanguard Portfolio Management LLC7.99%
Vanguard Capital Management LLC4.57%
Impax Asset Management Group plc4.40%
State Street Corporation4.13%
Dimensional Fund Advisors LP4.04%
Invesco Ltd.3.50%
Geode Capital Management, LLC2.84%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.21×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend4.5% → 12.7%

Margin has expanded by about 8.3 points — the business is getting more profitable.

Return on equity17.5%

Latest ROE of 17.5% — capital is generating a healthy return.

Growth qualityrev 4% · PAT 76%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $642.8M · EPS 1.78

Est. earnings growth -27.5%

Next fiscal year

Rev $2.6B · EPS 7.00

Est. earnings growth +9.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.4B

Net margin

12.7%

ROE

17.5%

Revenue CAGR (2y)

+4.4%

Profit CAGR (2y)

+76.2%

EPS (FY2025)

6.50

Net profit (FY2025)

$301.1M

Ask MarketChacha about ITRI

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.4B	$301.1M	6.50	12.7%	17.5%
FY2024	$2.4B	$239.1M	5.18	9.8%	17.2%
FY2023	$2.2B	$96.9M	2.11	4.5%	7.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$562.9M	$53.3M	1.19	9.5%
2026Q1	$587.0M	$53.5M	1.18	9.1%
2025Q3	$581.6M	$65.6M	1.41	11.3%
2025Q2	$606.8M	$68.3M	1.47	11.3%
2025Q1	$607.2M	$65.5M	1.42	10.8%
2024Q3	$615.5M	$78.0M	1.70	12.7%
2024Q2	$609.1M	$51.3M	1.10	8.4%
2024Q1	$603.4M	$51.7M	1.12	8.6%
2023Q3	$560.8M	$40.2M	0.87	7.2%
2023Q2	$541.1M	$24.2M	0.53	4.5%
2023Q1	$494.6M	$-11.8M	-0.26	-2.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/28/2026
8-K — Results of operations, Exhibits
SEC7/28/2026material
8-K — Shareholder vote results, Other events
SEC5/8/2026material
8-K/A — Other events
SEC5/1/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material
10-Q filing
SEC4/28/2026
8-K — Other events
SEC4/24/2026material
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Other events, Exhibits
SEC2/26/2026material
8-K — Results of operations, Exhibits
SEC2/17/2026material
10-K filing
SEC2/17/2026

2025

8-K — Material agreement, Reg FD disclosure, Exhibits
SEC11/17/2025material
8-K — Other events
SEC11/10/2025material
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC10/30/2025
8-K — Reg FD disclosure, Other events, Exhibits
SEC10/6/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/29/2025material
8-K/A — Executive/director change
SEC9/24/2025
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC8/21/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC8/14/2025material
8-K — Results of operations, Exhibits
SEC7/31/2025material
10-Q filing
SEC7/31/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.