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Itron

ITRI

Itron is a global technology provider specializing in grid edge intelligence, energy and water management, and smart city infrastructure.

Market cap
$3.76B-40.4%
Revenue$2.3B-5.7%
Net income$274.0M+1.5%
Free cash flow$385.4M+34.3%
EPS (diluted)$5.98+2.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$562.9M-7.2%
Gross profit$230.6M+3.1%
Operating income$76.1M-0.5%
Net income$53.3M-22.0%
EPS (diluted)$1.19-19.0%

Balance sheet

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Cash & equivalents$745.2M-39.1%
Total debt$1.6B+25.8%
Total equity$1.6B+0.2%
Total assets$4.0B+10.2%

Cash flow

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Operating cash flow$88.1M-8.9%
CapEx$6.6M+9.8%
Free cash flow$81.5M-10.1%

Valuation & ratios

Valuation

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Market cap$3.76B-40.4%
Enterprise value$4.62B-26.3%
P/E13.7×-9.3×
P/S1.6×-0.9×

Profitability

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Gross margin39.9%+4.5pp
Operating margin13.2%+1.4pp
Net margin11.9%+0.8pp
FCF margin16.7%+5.0pp

Returns & leverage

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Return on equity17%-2.0pp
Debt / equity+0.2×
Current ratio2.7×+0.7×

Segments

By segment

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Networked Solutions$339.2M-17.0%
Device Solutions$111.4M-1.2%
Outcomes$96.4M+13.3%
Resiliency Solutions$15.8M

By geography

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United States and Canada$448.3M-10.4%
Europe, Middle East, and Africa$83.9M+6.8%
Asia Pacific$30.7M+11.0%

By product

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Service revenues$109.4M+22.2%

Competitors

Profile

Itron is a global technology provider specializing in grid edge intelligence, energy and water management, and smart city infrastructure. The company delivers an integrated portfolio of intelligent endpoints, communication networks, and software analytics that enable utilities and municipalities to optimize resource delivery and operational efficiency.

Competitive position

A leading global provider of grid edge intelligence with a highly interoperable, transport-agnostic IIoT platform.

GeographiesAmericas, Europe, Middle East, Africa, Asia Pacific
Customer segmentsPublic utilities, Municipal governments, Infrastructure contractors
Business modelHardware sales, Subscription SaaS, Network-as-a-Service (NaaS), Managed services, Professional services
SuppliersElectronic component suppliers, Raw material providers, Contract manufacturers, Communication hardware vendors
CustomersElectric utilities, Water utilities, Gas utilities, Municipal governments, Infrastructure maintenance contractors
Listed1993
Employees5.9K
CEOThomas L. Deitrich
Websiteitron.com
FilingsSEC EDGAR

Questions, answered.

What is Itron's market cap?
Itron (ITRI) has a market capitalization of $3.8B and trades on NASDAQ.
What is Itron's revenue and profitability?
Itron generated $2.3B in trailing twelve-month revenue with net income of $274.0M, representing a net margin of 11.9%. Gross margin stands at 39.9%, with free cash flow of $385.4M. These figures are based on the Q2 2026 filing.
Who are Itron's competitors?
Itron's key competitors include Xylem, Inc., Advanced Energy Industries, Honeywell International Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Itron have?
Itron's subsidiaries include Schlumberger Electricity Metering, Actaris Metering Systems SA, Comverge, and others.
Where is Itron headquartered?
Itron is headquartered in United States of America and employs approximately 5,859 people. It has been publicly traded since 1993.