What is Itron's inventory turnover?

Itron (ITRI) reported inventory turnover of 5.5× in Q1 2026.

How has Itron's inventory turnover changed year-over-year?

Itron's inventory turnover decreased by 1.7% year-over-year, from 5.6× to 5.5×.

What is the long-term trend for Itron's inventory turnover?

Over 5 years (2020 to 2025), Itron's inventory turnover has grown at a -5.6% compound annual growth rate (CAGR), from 7.7× to 5.7×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Itron ITRI Inventory turnover

Inventory turnover at other companies

Badger MeterBMI

3.2×0.0×

Honeywell InternationalHON

3.6×+0.3×

Advanced Energy IndustriesAEIS

2.8×+0.1×

Mueller Water ProductsMWA

2.6×-0.3×

XylemXYL

5.5×+0.3×

FortiveFTV

4.1×+1.1×

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.

total cost of revenue/inventories=5.5×

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 inventory turnover?: Itron (ITRI) reported inventory turnover of 5.5× in Q1 2026.
How has Itron's inventory turnover changed year-over-year?: Itron's inventory turnover decreased by 1.7% year-over-year, from 5.6× to 5.5×.
What is the long-term trend for Itron's inventory turnover?: Over 5 years (2020 to 2025), Itron's inventory turnover has grown at a -5.6% compound annual growth rate (CAGR), from 7.7× to 5.7×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.