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MARKETS / NASDAQ / 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
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-0.4B2008201120142017202020232025
Compound annual growth
+9.7%
+1.7%
+2.3%
+0.3%
+37.3%
+7.3%
+34.7%
+6.4%
+90.0%
+10.0%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%2008201120142017202020232025
ROE
FY2025 · ROE 19.4%
5%10%15%-20%-40%2008201120142017202020232025

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
200M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 92.7
40M80M-80M-160M200920112013201520172019202120232025

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
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 %··················
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 · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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