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MARKETS / NASDAQ / Health care / Medical devices and instruments / ITRI
NASDAQ · INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS · LARGE CAP

Itron, Inc. ITRI

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.4B
▼ 3.0% YoY
$301.1M
▲ 25.9% YoY
$383.1M
▲ 84.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Itron, Inc. provides a portfolio of endpoints, such as sensors, switches and meters, that collect and analyze data, control devices and take action in the field. It uses a combination of direct and indirect sales channels to serve customers globally. As of December 31, 2025, it had 5,550 people in its workforce, including 4,987 permanent employees. Its 10 largest customers accounted for approximately 32%, 33% and 36% of total revenues in the years ended December 31, 2025, 2024 and 2023, respectively. It manages and reports under four reportable segments: Device Solutions, Networked Solutions, Outcomes and Resiliency Solutions. Itron, Inc. was incorporated in 1977 with an initial focus on meter reading services and technology.

Written from the business description in ITRON, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.4B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.4 · Net income 0.3
1.0B2.0B-0.2B-0.4B
2008201120142017202020232025
Compound annual growth
+9.7%
+1.7%
+2.3%
+0.3%
+37.3%
+7.3%
+34.7%
+6.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.2% · Net 12.8%
5%10%-10%-20%
200820162025
ROE
FY2025 · ROE 19.4%
5%10%15%-20%-40%
200820162025
Three returns, three denominators.
Gross margin37.7%
Operating margin13.2%
Net margin12.8%
EBITDAUSD 362.6M

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 92.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 383.1
150M300M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 92.7
40M80M-100M-200M
200920112013201520172019202120232025
Dividends paid·
Net buybacksUSD 92.7M
Share of profit30.8%
Consecutive raises·

USD 92.7M in buybacks — 31% of the year's profit went back to shareholders.

Total assetsUSD 3.7B
EquityUSD 1.7B
CashUSD 1.0B
Gross debtUSD 1.2B
Net debtUSD 227.9M
Current ratio1.80×

Net debt stands at 13% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ITRI, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B2.42.42.21.82.02.22.52.42.02.01.91.91.92.22.42.31.71.9
Operating income $B0.30.30.1−0.0−0.1−0.00.1−0.00.20.10.10.0−0.10.2−0.50.20.00.1
EBITDA $B0.40.30.20.10.00.10.20.10.20.20.10.1−0.00.3−0.30.30.20.3
Income tax $B0.00.00.0−0.0−0.00.00.0−0.00.10.00.00.0−0.00.00.00.0−0.0−0.0
Net income $B0.30.20.1−0.0−0.1−0.10.0−0.10.10.00.0−0.0−0.20.1−0.50.1−0.00.0
Free cash flow $B0.40.20.10.00.10.10.10.00.10.10.00.10.00.20.20.20.10.1
EPS, diluted $6.505.182.11−0.22−1.83−1.441.23−2.531.450.820.33−0.60−3.902.71−12.562.56−0.060.57
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE %19.417.77.8−0.9−8.4−7.36.6−13.28.15.12.0−3.1−16.611.4−43.77.4−0.21.9
Shares out B0.040.050.050.050.050.040.040.040.040.040.040.040.040.040.040.040.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityInstruments For Meas & Testing of Electricity & Elec Signals
Listed onNASDAQ
Incorporated inWashington
Fiscal year endsDecember 31
Data on record since2008

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