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Itron ITRI Acquisitions

Acquisitions at other companies

Badger Meter logo
Badger MeterBMI
$94.38M
Honeywell International logo
Honeywell InternationalHON
$23M-98.9%
Xylem logo
XylemXYL
$1M
Fortive logo
FortiveFTV
$51M
ROP
Roper Technologies, Inc.ROP
-$55M-103%
Digi International logo
Digi InternationalDGII
$145.7M

Other financials

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

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Market cap$4.5B-21.4%
Enterprise value$5.36B-7.2%
P/E16.4×-4.8×
P/S-0.4×

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×

Where this comes from

Reported directly by Itron in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Itron’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 1:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000780571-26-000110
In thousandsThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net cash provided by operating activities85,50172,117
Investing activities
Acquisitions of property, plant, and equipment(6,527)(4,639)
Business acquisitions, net of cash and cash equivalents acquired(515,055)
Other investing, net105
Net cash used in investing activities(521,572)(4,634)
Financing activities
Proceeds from borrowings805,000

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's acquisitions?
Itron (ITRI) reported acquisitions of $515.06M in Q1 2026.
What is the long-term trend for Itron's acquisitions?
Over 2 years (2021 to 2025), Itron's acquisitions has grown at a 512.3% compound annual growth rate (CAGR), from $8.67M to $325.04M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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