What is Itron's net debt / EBITDA?

Itron (ITRI) reported net debt / EBITDA of 2.5× in Q1 2026.

How has Itron's net debt / EBITDA changed year-over-year?

Itron's net debt / EBITDA increased by 475.0% year-over-year, from 0.4× to 2.5×.

What is the long-term trend for Itron's net debt / EBITDA?

Over 3 years (2021 to 2025), Itron's net debt / EBITDA has grown at a -78.6% compound annual growth rate (CAGR), from 74.5× to 0.7×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Itron ITRI Net debt / EBITDA

Net debt / EBITDA at other companies

Badger MeterBMI

-1.1×-0.3×

Honeywell InternationalHON

3.7×+0.5×

Advanced Energy IndustriesAEIS

-0.1×0.0×

Mueller Water ProductsMWA

0.1×-0.4×

XylemXYL

1×+0.3×

FortiveFTV

3.9×-0.1×

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$3.58B-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

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

net debt/ebitda=2.5×

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 net debt / EBITDA?: Itron (ITRI) reported net debt / EBITDA of 2.5× in Q1 2026.
How has Itron's net debt / EBITDA changed year-over-year?: Itron's net debt / EBITDA increased by 475.0% year-over-year, from 0.4× to 2.5×.
What is the long-term trend for Itron's net debt / EBITDA?: Over 3 years (2021 to 2025), Itron's net debt / EBITDA has grown at a -78.6% compound annual growth rate (CAGR), from 74.5× to 0.7×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.