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Itron ITRI Debt-to-equity

Debt-to-equity at other companies

Badger Meter logo
Badger MeterBMI
0.0×
Honeywell International logo
Honeywell InternationalHON
2.8×+0.8×
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
0.5×-0.1×
Mueller Water Products logo
Mueller Water ProductsMWA
0.5×-0.1×
Xylem logo
XylemXYL
0.2×0.0×
Fortive logo
FortiveFTV
0.6×+0.2×

Other financials

Income statement

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Revenue$587.0M-3.3%
Gross profit$236.3M+8.8%
Operating income$67.6M-11.3%
Net income$53.5M-18.4%
EPS (diluted)$1.18-16.9%

Balance sheet

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Cash & equivalents$712.9M-36.5%
Total debt$1.6B+26.5%
Total equity$1.6B+8.0%
Total assets$4.0B+13.6%

Cash flow

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Operating cash flow$85.5M+18.6%
CapEx$6.5M+40.7%
Free cash flow$79.0M+17.0%

Valuation

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Market cap$3.58B-16.8%
Enterprise value$4.47B-1.1%
P/E12.4×-4.6×
P/S1.5×-0.2×

Profitability

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Gross margin38.8%+4.0pp
Operating margin13%+1.6pp
Net margin12.3%+2.0pp
FCF margin16.8%+7.0pp

Returns & leverage

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Return on equity18.7%+0.9pp
Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

Based on the most recent quarter.

The official record: Itron’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Itron's debt-to-equity?
Itron (ITRI) reported debt-to-equity of 1× in Q1 2026.
How has Itron's debt-to-equity changed year-over-year?
Itron's debt-to-equity increased by 17.2% year-over-year, from 0.9× to 1×.
What is the long-term trend for Itron's debt-to-equity?
Over 5 years (2020 to 2025), Itron's debt-to-equity has grown at a -9.5% compound annual growth rate (CAGR), from 1.2× to 0.7×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.