Stocks · Technology · Hardware, Equipment & Parts
Itron, Inc. ITRI
$86.51 +0.31% Close, Oct 2, 2026 · NASDAQ · Market cap $3.79B
Inexpensive vs sectorLow risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +14.5%).
- The shares trade at 14.4× trailing earnings, lower than 93% of the company's own readings over the past five years.
- Over the past year the stock returned -29.3%, behind the S&P 500 by 44.4 percentage points.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 10%
- EPS growth (TTM, YoY)Bottom 38%
- FCF growth (TTM, YoY)Top 45%
- Revenue growth, 3-year CAGRTop 43%
- Revenue growth accelerationBottom 25%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 36%
- Gross marginBottom 37%
- Operating marginTop 28%
- Cash conversion (OCF / net income)Bottom 40%
- Accruals (lower is better)Bottom 29%
- Net debt / EBITDA (lower is better)Top 24%
- Interest coverTop 27%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 8%
- Free-cash-flow yieldTop 12%
- EBITDA / enterprise valueTop 7%
- Sales / enterprise valueTop 20%
- P/E vs own 5-year history (lower is better)Top 15%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 28%
- 6-month returnBottom 25%
- 1-year return vs S&P 500Bottom 25%
- Distance from 52-week highBottom 36%
- Trend checklist (0–4)Bottom 26%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 36%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyBottom 18%
- Upside to consensus price targetTop 26%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 40%
- Maximum drawdown, 3 yearsTop 15%
- Beta vs S&P 500 (lower is better)Top 26%
- Net debt / EBITDA (lower is better)Top 24%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -4.0% | -5.7% | ↓ |
| EPS growth (YoY) | 14.4% | 2.4% | ↓ |
| Gross margin | 35.4% | 39.9% | ↑ |
| Operating margin | 11.9% | 13.2% | ↑ |
| FCF margin | 12.6% | 16.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -5.7% | -4.0% | ↓ | Bottom 10% |
| EPS growth (TTM, YoY) | 2.4% | 14.4% | ↓ | Bottom 38% |
| Gross margin | 39.9% | 35.4% | ↑ | Bottom 37% |
| Operating margin | 13.2% | 11.9% | ↑ | Top 28% |
| Net margin | 11.9% | 11.1% | ↑ | — |
| Free-cash-flow margin | 16.6% | 12.6% | ↑ | — |
| Return on invested capital | 7.6% | — | Top 36% | |
| Revenue growth, 3-year CAGR | 9.7% | — | Top 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.49×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +8.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -1.50×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 11.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 6.56%
- Shareholder yield
- 6.56%
- Share count change, 1 year
- -2.9%
- Share count change, 3-year CAGR
- -0.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +14.5%
- Average 2-day reaction, last 8
- +2.2%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $134.80
- Target vs current price
- +55.8%
- Analysts with a rating
- 37
- Share rating Buy or Strong Buy
- 41%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +23.3% | +26.2% | +19.1% | +16.4% | — |
| Apr 28, 2026 | +18.3% | +0.1% | -3.1% | -2.9% | -3.4% |
| Feb 17, 2026 | +12.3% | +7.9% | +6.5% | +2.1% | -9.1% |
| Oct 30, 2025 | +4.1% | -21.1% | -22.5% | -28.7% | -28.4% |
| Jul 31, 2025 | +21.8% | -10.0% | -9.5% | -10.5% | -3.2% |
| May 1, 2025 | +16.9% | -2.9% | -4.5% | +2.2% | +22.5% |
| Feb 25, 2025 | +28.6% | +9.9% | +15.0% | +17.2% | +24.1% |
| Oct 31, 2024 | +62.8% | +7.6% | +17.6% | +14.9% | +2.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $1.59 | $1.29 | +23.3% | $562.9M |
| Apr 28, 2026 | $1.49 | $1.26 | +18.3% | $587.0M |
| Feb 17, 2026 | $2.46 | $2.19 | +12.3% | $571.7M |
| Oct 30, 2025 | $1.54 | $1.48 | +4.1% | $581.6M |
| Jul 31, 2025 | $1.62 | $1.33 | +21.8% | $606.8M |
| May 1, 2025 | $1.52 | $1.30 | +16.9% | $607.2M |
| Feb 25, 2025 | $1.35 | $1.05 | +28.6% | $612.9M |
| Oct 31, 2024 | $1.84 | $1.13 | +62.8% | $615.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.4× | 22.1× | 7th | Top 8% |
| P/E (forward) | 13.5× | — | — | — |
| EV / EBITDA | 8.0× | — | — | Top 7% |
| EV / Sales | 1.39× | — | — | Top 20% |
| Free-cash-flow yield | 10.12% | — | — | Top 12% |
| Earnings yield | 6.92% | — | — | Top 8% |
P/E over the past five years
Range 13.9× – 91.1× since Jun 30, 2023. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -29.3%
- Earnings per share growth (TTM)
- +2.4%
- Change in P/E multiple
- -16.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +2.9%
- 200-day average slope (20 days)
- -0.6%
- Distance from 50-day average
- -10.0%
- Distance from 200-day average
- -5.7%
- RSI (14)
- 30.8
- Relative volume
- 0.94×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 54.9%
- Volatility vs own 5-year history
- 87th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.06
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -37.4%
- Maximum drawdown, 3 years
- -43.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 3, 2021 | Oct 12, 2022 | -65.3% | 407 days | 520 days (Nov 6, 2024) |
| Jul 30, 2025 | May 19, 2026 | -43.6% | 202 days | Not yet recovered |
| Nov 11, 2024 | Apr 8, 2025 | -26.0% | 100 days | 47 days (Jun 16, 2025) |
| Jan 7, 2021 | Jan 29, 2021 | -19.8% | 15 days | 17 days (Feb 24, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.79B
- P/E (TTM)
- 14.4
- EPS, diluted (TTM)
- $5.99
- Revenue (TTM)
- $2.30B
- 52-week range
- $77.77 – $142.00
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.98B | $1.80B | $2.17B | $2.44B | $2.37B |
| Gross profit | $573.2M | $522.2M | $713.9M | $839.3M | $892.1M |
| Operating income | -$79.3M | -$7.4M | $128.9M | $264.1M | $314.1M |
| Net income | -$81.3M | -$9.7M | $96.9M | $239.1M | $301.1M |
| EPS (diluted) | -$1.77 | -$0.21 | $2.11 | $5.18 | $6.50 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $615.5M | $612.9M | $607.2M | $606.8M | $581.6M | $571.7M | $587.0M | $562.9M |
| Net income | $78.0M | $58.1M | $65.5M | $68.3M | $65.6M | $101.6M | $53.5M | $53.3M |
| EPS (diluted) | $1.70 | $1.26 | $1.42 | $1.47 | $1.41 | $2.21 | $1.18 | $1.19 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $145.0M | $24.5M | $125.0M | $238.2M | $403.7M |
| Capital expenditure | -$34.7M | -$19.7M | -$26.9M | -$30.6M | -$22.9M |
| Free cash flow | $110.4M | $4.8M | $98.1M | $207.6M | $380.8M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $347.7M | -$13.5M | $3.7M | -$91.7M | -$92.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $745.2M
- Total assets
- $3.99B
- Total liabilities
- $2.36B
- Total debt
- $147.6M
- Net debt
- -$597.6M
- Shareholders’ equity
- $1.62B
As of Jun 30, 2026 (filed Jul 28, 2026).
Short interest
- Shares sold short
- 6,112,622
- Days to cover
- 13.52
- Change vs previous report
- -1.9%
FINRA short interest, settlement date Sep 15, 2026.