What is Itron's interest coverage?

Itron (ITRI) reported interest coverage of 13.4× in Q1 2026.

How has Itron's interest coverage changed year-over-year?

Itron's interest coverage decreased by 7.7% year-over-year, from 14.5× to 13.4×.

What is the long-term trend for Itron's interest coverage?

Over 3 years (2021 to 2025), Itron's interest coverage has grown at a 71.4% compound annual growth rate (CAGR), from -2.8× to 13.9×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Itron ITRI Interest coverage

Interest coverage at other companies

Honeywell InternationalHON

4.5×-1.9×

Advanced Energy IndustriesAEIS

12.4×+9.4×

Mueller Water ProductsMWA

39.5×+25.2×

XylemXYL

49.3×+19.2×

FortiveFTV

6.2×+1.0×

ROP

Roper Technologies, Inc.ROP

6.3×-1.3×

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$3.6B-16.8%

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

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

ebit/interest expense=13.4×

Based on trailing twelve months.

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 interest coverage?: Itron (ITRI) reported interest coverage of 13.4× in Q1 2026.
How has Itron's interest coverage changed year-over-year?: Itron's interest coverage decreased by 7.7% year-over-year, from 14.5× to 13.4×.
What is the long-term trend for Itron's interest coverage?: Over 3 years (2021 to 2025), Itron's interest coverage has grown at a 71.4% compound annual growth rate (CAGR), from -2.8× to 13.9×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.