ITRI
Itron, Inc.

Itron, Inc.ITRI

Technology · Scientific & Technical Instruments
91.52USD
+0.22%
Sep 25, 2026
ITRI overview ready
Grid-edge metering and software enabling utility visibility and control
Itron supplies grid-edge metering, communications, distributed-intelligence devices, data-management software, and managed solutions that give utilities visibility and control over loads, outages, DERs, and distribution-grid conditions.
Strong narrative exposure
Exposed to the Electric Grid Capacity Expansion narrative through Grid Optimization and Interconnection Software — enabling supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Declining revenue growth.
Market Sep 24Filing Jun 30Price action Sep 24Research Sep 2

Conviction Level

NarrativeHeat9.1ThemeHeat8.0PriceAction6.0Valuation8.4CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$4.0B
Avg Volume (60D)
845.3K
60 sessions
Revenue Growth YoY
-3.0%
FY2025 vs FY2024
Gross Margin
+39.9%
Trailing twelve months
Operating Margin
+13.2%
Trailing twelve months
Free Cash Flow Yield
+9.6%
Distance from 200DMA
-0.6%
Next Earnings
2026-10-29
P/E
14.6x
EV / EBITDA
13.2x
EV / Sales
2.1x
Market metrics as of Sep 24, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
Itron, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Itron supplies grid-edge metering, communications, distributed-intelligence devices, data-management software, and managed solutions that give utilities visibility and control over loads, outages, DERs, and distribution-grid conditions.
Opportunity
Moderate opportunity
Utility spending on digital grid visibility, control, forecasting, distributed-energy-resource orchestration, and operational software needed to extract capacity and reliability from constrained distribution networks.
Key risk
Declining revenue growth.

Narrative & Theme

Electric Grid Capacity Expansion
Part of Grid Optimization and Interconnection Software, with strong fit.
ITRI has a direct operating link to the electric-grid expansion and reliability cycle: utilities use its advanced meters, networked endpoints, distributed intelligence, and software to observe and manage increasingly complex distribution networks.
Narrative HeatHot9.1 / 10
Theme HeatHeating up8.0 / 10

Business & Markets

Technology · Scientific & Technical Instruments
What they do

Itron, Inc. provides technology solutions and services that enable the management of energy, water, and smart city operations globally through hardware and networked devices.

How it earns

The company generates revenue primarily through the sale of hardware products and related services, including network solutions and outcome-based services.

Products & services
Standard gas, electricity, water, and communicating meters
Smart meters and sensors
Networked communication devices
Outcome and resiliency solutions
Customers & end markets
Utilities managing energy and water resources
Municipalities and smart city operators
Market position

Itron is a recognized player offering integrated hardware and network solutions in the smart utility management market.

Demand drivers
Medium cyclicality

Demand is influenced by utility infrastructure investment cycles and regulatory drivers.