Itron (ITRI) Financials

$113.28 -2.22 (-1.92%)

Closing price 04:00 PM Eastern

Extended Trading

$114.92 +1.64 (+1.44%)

As of 05:48 PM Eastern

Annual Income Statements for Itron

This table shows Itron's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	239	97	-9.73	-81	-58	49	-99	57	32	13
Consolidated Net Income / (Loss)	241	98	-9.55	-78	-57	52	-97	60	35	15
Net Income / (Loss) Continuing Operations	241	98	-9.55	-78	-57	52	-97	60	35	15
Total Pre-Tax Income	285	127	-16	-124	-57	73	-109	135	85	37
Total Operating Income	264	129	-7.44	-79	-10	133	-50	155	101	53
Total Gross Profit	839	714	522	573	602	752	730	677	663	557
Total Revenue	2,441	2,174	1,796	1,982	2,173	2,502	2,376	2,018	2,013	1,884
Operating Revenue	2,441	2,174	1,796	1,982	2,173	2,502	2,376	2,018	2,013	1,884
Total Cost of Revenue	1,602	1,460	1,273	1,408	1,571	1,750	1,646	1,341	1,351	1,327
Operating Cost of Revenue	1,602	1,460	1,273	1,408	1,571	1,750	1,646	1,341	1,351	1,327
Total Operating Expenses	575	585	530	652	613	620	780	522	562	504
Selling, General & Admin Expense	339	313	290	301	277	347	423	325	320	156
Research & Development Expense	215	209	185	197	194	202	208	169	168	162
Amortization Expense	18	19	26	36	45	64	72	21	25	32
Impairment Charge	0.00	0.00	38	0.00	0.00	-	-	-	-	-
Restructuring Charge	2.68	44	-14	55	37	6.28	77	6.42	49	-7.26
Other Special Charges / (Income)	0.60	0.67	3.51	64	60	0.00	0.00	-	-	-
Total Other Income / (Expense), net	20	-1.48	-8.30	-45	-46	-60	-59	-20	-16	-16
Interest Expense	15	8.35	6.72	29	44	52	58	14	14	12
Interest & Investment Income	35	9.31	2.63	1.56	3.00	1.85	2.15	2.13	0.87	0.76
Other Income / (Expense), net	1.22	-2.45	-4.21	-17	-5.24	-9.05	-3.41	-8.58	-3.71	-4.22
Income Tax Expense	43	29	-6.20	-46	0.24	21	-13	74	50	22
Net Income / (Loss) Attributable to Noncontrolling Interest	2.02	1.40	0.19	2.96	1.08	3.41	2.67	2.95	3.28	2.33
Basic Earnings per Share	$5.27	$2.13	($0.22)	($1.83)	($1.44)	$1.24	($2.53)	$1.48	$0.83	$0.33
Weighted Average Basic Shares Outstanding	45.37M	45.42M	45.10M	44.30M	40.25M	39.56M	39.24M	38.66M	38.21M	38.22M
Diluted Earnings per Share	$5.18	$2.11	($0.22)	($1.83)	($1.44)	$1.23	($2.53)	$1.45	$0.82	$0.33
Weighted Average Diluted Shares Outstanding	46.19M	45.84M	45.10M	44.30M	40.25M	39.98M	39.24M	39.39M	38.64M	38.51M
Weighted Average Basic & Diluted Shares Outstanding	45.18M	45.58M	45.29M	45.01M	40.46M	39.96M	39.20M	38.70M	38.30M	-27M

This table shows Itron's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	65	58	78	51	52	44	40	24	-12	22	4.12
Consolidated Net Income / (Loss)	65	59	79	52	52	45	40	25	-12	22	4.47
Net Income / (Loss) Continuing Operations	65	59	79	52	52	45	40	25	-12	22	4.47
Total Pre-Tax Income	82	70	82	67	65	49	56	34	-12	11	4.95
Total Operating Income	76	63	74	65	63	49	55	35	-10	12	6.89
Total Gross Profit	217	214	210	210	205	196	187	174	156	141	120
Total Revenue	607	613	615	609	603	577	561	541	495	467	421
Operating Revenue	607	613	615	609	603	577	561	541	495	467	421
Total Cost of Revenue	390	399	406	399	398	381	374	367	338	327	301
Operating Cost of Revenue	390	399	406	399	398	381	374	367	338	327	301
Total Operating Expenses	141	151	136	146	143	147	132	139	167	128	113
Selling, General & Admin Expense	87	85	80	88	86	82	77	79	76	78	63
Research & Development Expense	50	58	51	53	52	54	52	54	50	47	44
Amortization Expense	4.48	4.52	4.81	4.51	3.99	4.49	4.66	4.72	5.05	6.27	6.41
Restructuring Charge	-0.55	3.30	-0.72	-0.10	0.20	7.12	-0.62	0.87	37	-2.53	-1.27
Other Special Charges / (Income)	0.08	-0.06	0.70	-0.07	0.02	-0.01	0.05	0.61	0.02	0.32	0.77
Total Other Income / (Expense), net	6.07	7.12	8.49	2.39	2.42	0.19	0.84	-0.80	-1.71	-1.60	-1.94
Interest Expense	5.59	5.59	5.61	2.29	1.89	1.87	2.45	1.98	2.06	1.79	1.68
Interest & Investment Income	12	12	13	5.13	3.85	3.35	2.64	1.51	1.82	1.27	0.80
Other Income / (Expense), net	-0.05	0.53	0.68	-0.45	0.46	-1.28	0.65	-0.33	-1.48	-1.07	-1.07
Income Tax Expense	17	11	3.52	15	13	4.56	15	9.20	-0.07	-11	0.47
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.12	0.46	0.95	0.54	0.07	0.52	0.17	0.90	-0.20	-0.26	0.36
Basic Earnings per Share	$1.44	$1.29	$1.73	$1.12	$1.13	$0.98	$0.88	$0.53	($0.26)	$0.49	$0.09
Weighted Average Basic Shares Outstanding	45.34M	45.37M	44.98M	45.75M	45.65M	45.42M	45.46M	45.44M	45.28M	45.10M	45.14M
Diluted Earnings per Share	$1.42	$1.26	$1.70	$1.10	$1.12	$0.97	$0.87	$0.53	($0.26)	$0.49	$0.09
Weighted Average Diluted Shares Outstanding	46.17M	46.19M	45.84M	46.53M	46.36M	45.84M	45.95M	45.78M	45.28M	45.10M	45.33M
Weighted Average Basic & Diluted Shares Outstanding	45.59M	45.18M	45.09M	44.96M	45.87M	45.58M	45.49M	45.46M	45.42M	45.29M	45.18M

This table details how cash moves in and out of Itron's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	749	100	39	-33	57	28	-357	345	2.55	19
Net Cash From Operating Activities	238	125	25	155	110	173	110	191	116	73
Net Cash From Continuing Operating Activities	238	125	25	155	110	173	110	191	116	73
Net Income / (Loss) Continuing Operations	241	98	-9.55	-78	-57	52	-97	60	35	15
Consolidated Net Income / (Loss)	241	98	-9.55	-78	-57	52	-97	60	35	15
Depreciation Expense	56	56	67	84	97	114	122	63	68	76
Amortization Expense	5.49	3.66	3.50	18	4.13	5.63	7.05	1.07	1.08	2.13
Non-Cash Adjustments To Reconcile Net Income	64	42	86	119	106	33	54	12	30	37
Changes in Operating Assets and Liabilities, net	-129	-75	-122	12	-41	-33	22	55	-18	-57
Net Cash From Investing Activities	-63	-23	41	-35	-41	-48	-863	-148	-48	-49
Net Cash From Continuing Investing Activities	-63	-23	41	-35	-41	-48	-863	-148	-48	-49
Purchase of Property, Plant & Equipment	-31	-27	-20	-35	-46	-61	-60	-49	-44	-44
Acquisitions	-34	0.00	0.02	-8.67	0.00	0.00	-803	-99	-0.95	-5.75
Divestitures	0.41	-0.77	56	3.14	1.13	0.00	-	-	-	-
Other Investing Activities, net	0.85	4.35	4.31	5.33	4.04	13	0.37	0.70	-3.03	0.72
Net Cash From Financing Activities	580	-3.51	-19	-153	-12	-98	396	302	-63	7.74
Net Cash From Continuing Financing Activities	580	-3.51	-19	-153	-12	-98	396	302	-63	7.74
Repayment of Debt	-25	-7.18	-5.22	-961	-420	-147	-392	-37	-82	-70
Repurchase of Common Equity	-100	0.00	-17	-8.03	0.00	-25	0.00	0.00	-	-38
Issuance of Debt	805	0.00	0.00	460	400	50	779	335	16	113
Issuance of Common Equity	8.32	3.67	3.45	440	8.89	24	9.17	3.61	2.89	2.66
Other Financing Activities, net	-109	0.00	0.00	-84	0.00	0.00	-	-	-	-
Effect of Exchange Rate Changes	-5.15	1.89	-6.85	-	0.13	0.44	-	-	-2.74	-13
Cash Interest Paid	1.34	1.83	1.62	8.98	47	45	42	10	9.92	10
Cash Income Taxes Paid	80	55	12	7.07	2.69	12	14	29	24	29

This table details how cash moves in and out of Itron's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	72	69	62	620	-1.44	47	22	37	-5.99	-13	6.91
Net Cash From Operating Activities	72	80	65	52	41	48	34	42	1.43	-13	15
Net Cash From Continuing Operating Activities	72	80	65	52	41	48	34	42	1.43	-13	15
Net Income / (Loss) Continuing Operations	65	59	79	52	52	45	40	25	-12	22	4.47
Consolidated Net Income / (Loss)	65	59	79	52	52	45	40	25	-12	22	4.47
Depreciation Expense	12	15	15	14	13	14	14	14	14	16	17
Amortization Expense	1.78	1.82	1.80	0.98	0.89	0.90	0.94	0.93	0.89	0.89	0.89
Non-Cash Adjustments To Reconcile Net Income	19	21	13	13	16	10	9.07	12	11	18	9.03
Changes in Operating Assets and Liabilities, net	-27	-17	-43	-28	-40	-22	-30	-10	-13	-70	-17
Net Cash From Investing Activities	-4.63	-9.03	-6.57	-6.67	-41	-4.31	-5.78	-5.56	-7.66	-2.98	-3.52
Net Cash From Continuing Investing Activities	-4.63	-9.03	-6.57	-6.67	-41	-4.31	-5.78	-5.56	-7.66	-2.98	-3.52
Purchase of Property, Plant & Equipment	-4.64	-9.68	-6.62	-7.11	-7.15	-8.58	-5.81	-5.60	-6.90	-4.86	-4.22
Acquisitions	0.00	0.02	-	-	-34	-	-	-	0.00	-	-
Other Investing Activities, net	0.01	0.64	0.06	0.03	0.13	4.28	0.02	0.03	0.02	1.88	0.70
Net Cash From Financing Activities	1.76	3.49	-0.75	576	1.08	-0.87	-3.41	0.87	-0.10	0.66	0.68
Net Cash From Continuing Financing Activities	1.76	3.49	-0.75	576	1.08	-0.87	-3.41	0.87	-0.10	0.66	0.68
Repayment of Debt	-0.43	-0.52	-2.10	-22	-0.49	-2.18	-4.13	-0.17	-0.70	-0.16	-0.15
Issuance of Common Equity	2.20	4.00	1.35	1.41	1.56	1.31	0.73	1.03	0.61	0.82	0.83
Effect of Exchange Rate Changes	2.79	-5.58	3.89	-0.77	-2.68	4.56	-2.91	-0.09	0.33	1.94	-5.12
Cash Interest Paid	6.61	-2.72	3.10	0.64	0.32	0.25	0.79	0.33	0.46	0.21	0.69
Cash Income Taxes Paid	35	21	19	26	14	26	8.38	19	1.43	1.96	2.89

This table presents Itron's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,408	2,604	2,378	2,394	2,607	2,708	2,609	2,106	1,578	1,680
Total Current Assets	1,816	1,049	830	750	930	997	896	850	732	759
Cash & Equivalents	1,051	302	202	163	207	150	120	176	134	131
Accounts Receivable	350	304	280	298	370	473	437	398	352	331
Inventories, net	271	284	229	166	182	228	221	194	163	190
Other Current Assets	143	160	118	123	171	147	118	82	84	107
Plant, Property, & Equipment, net	115	129	140	163	208	233	227	201	176	190
Total Noncurrent Assets	1,476	1,426	1,408	1,481	1,469	1,477	1,486	1,056	669	731
Goodwill	1,052	1,053	1,039	1,099	1,132	1,104	1,117	556	452	468
Intangible Assets	43	46	65	93	133	185	258	95	72	102
Noncurrent Deferred & Refundable Income Taxes	310	247	212	181	76	64	65	50	94	109
Other Noncurrent Operating Assets	71	80	93	108	128	124	47	355	50	52
Total Liabilities & Shareholders' Equity	3,408	2,604	2,378	2,394	2,607	2,708	2,609	2,106	1,578	1,680
Total Liabilities	1,996	1,273	1,187	1,251	1,767	1,907	1,875	1,301	927	1,058
Total Current Liabilities	528	537	499	501	550	671	653	508	413	478
Accounts Payable	145	200	237	193	216	328	310	262	173	186
Accrued Expenses	14	15	18	18	28	39	47	21	25	37
Current Deferred Revenue	151	124	96	83	113	100	94	41	65	73
Current Deferred & Payable Income Tax Liabilities	20	8.64	15	12	16	22	15	16	10	15
Current Employee Benefit Liabilities	137	136	89	114	86	119	89	91	82	77
Other Current Liabilities	61	54	43	81	73	64	70	57	44	79
Total Noncurrent Liabilities	1,468	736	688	750	1,217	1,236	1,222	793	514	580
Long-Term Debt	1,242	455	453	450	903	932	988	594	290	359
Noncurrent Deferred & Payable Income Tax Liabilities	0.57	0.70	0.83	2.00	1.92	1.81	1.54	1.53	3.07	1.72
Noncurrent Employee Benefit Liabilities	60	64	58	88	119	99	92	96	84	86
Other Noncurrent Operating Liabilities	165	184	132	210	126	134	141	102	136	133
Total Equity & Noncontrolling Interests	1,411	1,331	1,192	1,143	840	801	734	806	650	623
Total Preferred & Common Equity	1,391	1,311	1,168	1,116	817	777	713	786	632	605
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,391	1,311	1,168	1,116	817	777	713	786	632	605
Common Stock	1,690	1,821	1,788	1,780	1,389	1,358	1,334	1,295	1,270	1,247
Retained Earnings	-189	-	-	-516	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-110	-510	-620	-148	-573	-581	-622	-508	-639	-642
Noncontrolling Interest	21	21	23	27	24	24	21	19	19	18

This table presents Itron's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,503	3,365	3,284	2,677	2,511	2,499	2,446	2,317
Total Current Assets	1,903	1,755	1,689	1,097	1,010	970	902	809
Cash & Equivalents	1,123	983	921	301	255	233	196	215
Accounts Receivable	347	339	317	340	318	319	305	267
Inventories, net	282	277	292	287	276	267	265	204
Other Current Assets	151	157	160	169	161	151	136	123
Plant, Property, & Equipment, net	112	120	122	125	130	133	136	139
Total Noncurrent Assets	1,488	1,490	1,472	1,454	1,372	1,396	1,407	1,369
Goodwill	1,063	1,074	1,060	1,064	1,036	1,047	1,045	1,011
Intangible Assets	39	48	53	57	50	55	60	70
Noncurrent Deferred & Refundable Income Taxes	315	290	284	250	209	214	216	189
Other Noncurrent Operating Assets	72	78	76	83	77	80	87	99
Total Liabilities & Shareholders' Equity	3,503	3,365	3,284	2,677	2,511	2,499	2,446	2,317
Total Liabilities	1,994	1,997	2,023	1,291	1,254	1,270	1,252	1,200
Total Current Liabilities	983	521	535	578	556	560	537	502
Short-Term Debt	458	-	-	-	-	-	-	-
Accounts Payable	164	153	185	224	224	235	245	236
Accrued Expenses	15	14	15	16	16	18	18	18
Current Deferred Revenue	188	161	160	157	137	140	131	111
Current Deferred & Payable Income Tax Liabilities	18	14	13	28	17	14	21	14
Current Employee Benefit Liabilities	90	119	106	94	107	100	77	78
Other Current Liabilities	50	61	57	60	55	53	44	47
Total Noncurrent Liabilities	1,011	1,475	1,488	713	698	710	715	697
Long-Term Debt	786	1,241	1,240	455	454	454	453	452
Noncurrent Deferred & Payable Income Tax Liabilities	0.62	0.62	0.67	0.68	0.82	0.85	0.85	1.72
Noncurrent Employee Benefit Liabilities	61	65	62	63	58	60	59	71
Other Noncurrent Operating Liabilities	163	169	186	194	152	196	202	126
Total Equity & Noncontrolling Interests	1,509	1,369	1,261	1,385	1,258	1,229	1,194	1,117
Total Preferred & Common Equity	1,488	1,348	1,240	1,365	1,238	1,205	1,171	1,094
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,488	1,348	1,240	1,365	1,238	1,205	1,171	1,094
Common Stock	1,709	1,674	1,663	1,834	1,811	1,804	1,796	1,783
Retained Earnings	-124	-247	-325	-377	-	-513	-537	-
Accumulated Other Comprehensive Income / (Loss)	-96	-78	-98	-92	-574	-86	-88	-689
Noncontrolling Interest	21	20	21	21	20	24	23	23

This table displays calculated financial ratios and metrics derived from Itron's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.29%	21.06%	-9.39%	-8.82%	-13.15%	5.32%	17.73%	0.25%	6.88%	-3.29%
EBITDA Growth	76.00%	217.09%	932.41%	-93.38%	-64.79%	218.76%	-63.70%	26.34%	31.50%	36.89%
EBIT Growth	109.88%	1,184.97%	87.95%	-518.63%	-112.65%	332.83%	-136.30%	50.38%	100.05%	779.47%
NOPAT Growth	125.03%	2,010.03%	90.62%	-662.86%	-107.64%	373.76%	-150.17%	65.75%	95.76%	6,259.95%
Net Income Growth	145.25%	1,129.83%	87.81%	-37.66%	-208.51%	154.27%	-260.30%	71.88%	133.64%	167.28%
EPS Growth	145.50%	1,059.09%	87.98%	-27.08%	-217.07%	148.62%	-274.48%	76.83%	148.48%	155.00%
Operating Cash Flow Growth	90.58%	410.09%	-84.17%	41.35%	-36.64%	57.48%	-42.64%	65.19%	57.93%	-44.84%
Free Cash Flow Firm Growth	99.98%	212.73%	-145.31%	464.75%	-67.37%	117.36%	-20.07%	-527.30%	18.25%	-67.92%
Invested Capital Growth	5.65%	2.05%	3.92%	-11.76%	-1.89%	1.34%	31.21%	51.30%	-4.70%	-5.31%
Revenue Q/Q Growth	1.48%	5.31%	-1.00%	-1.96%	-4.53%	1.68%	1.55%	2.80%	-0.04%	0.50%
EBITDA Q/Q Growth	5.73%	22.63%	202.50%	-96.21%	-0.09%	-0.84%	-7.33%	7.74%	10.82%	103.85%
EBIT Q/Q Growth	6.11%	40.87%	91.12%	-328.88%	22.33%	-1.14%	-59.74%	11.14%	22.29%	329.67%
NOPAT Q/Q Growth	3.69%	27.28%	94.16%	-496.72%	26.45%	-16.88%	-65.57%	-18.37%	10.91%	291.09%
Net Income Q/Q Growth	6.01%	30.46%	89.38%	-4,900.61%	11.29%	-17.16%	19.07%	-14.59%	9.96%	134.04%
EPS Q/Q Growth	5.93%	29.45%	89.37%	-2,714.29%	10.56%	-18.00%	19.17%	-15.20%	9.33%	128.21%
Operating Cash Flow Q/Q Growth	15.50%	95.13%	-52.13%	-14.05%	-5.03%	1.39%	-23.91%	28.89%	-14.24%	100.47%
Free Cash Flow Firm Q/Q Growth	74.89%	714.55%	-109.79%	-19.55%	-26.22%	-18.90%	37.75%	-853.36%	7.00%	-32.29%
Invested Capital Q/Q Growth	-1.51%	1.79%	6.11%	-2.08%	0.39%	-0.29%	-0.16%	27.43%	-3.75%	-3.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.39%	32.84%	29.08%	28.93%	27.71%	30.06%	30.74%	33.53%	32.91%	29.56%
EBITDA Margin	13.40%	8.55%	3.26%	0.29%	3.95%	9.74%	3.22%	10.43%	8.28%	6.73%
Operating Margin	10.82%	5.93%	-0.41%	-4.00%	-0.48%	5.30%	-2.09%	7.67%	5.02%	2.81%
EBIT Margin	10.87%	5.82%	-0.65%	-4.88%	-0.72%	4.94%	-2.23%	7.25%	4.83%	2.58%
Profit (Net Income) Margin	9.88%	4.52%	-0.53%	-3.95%	-2.62%	2.09%	-4.06%	2.99%	1.74%	0.80%
Tax Burden Percent	84.74%	77.18%	60.64%	63.24%	100.42%	71.77%	88.48%	44.77%	41.42%	40.44%
Interest Burden Percent	107.24%	100.76%	135.11%	128.00%	362.23%	59.07%	205.55%	91.99%	86.99%	76.29%
Effective Tax Rate	15.26%	22.82%	0.00%	0.00%	0.00%	28.23%	0.00%	55.23%	58.58%	59.56%
Return on Invested Capital (ROIC)	14.35%	6.62%	-0.36%	-3.64%	-0.44%	5.80%	-2.42%	6.72%	4.97%	2.41%
ROIC Less NNEP Spread (ROIC-NNEP)	23.54%	6.15%	-1.85%	-7.90%	-6.52%	0.90%	-11.69%	3.73%	1.66%	-0.41%
Return on Net Nonoperating Assets (RNNOA)	3.23%	1.17%	-0.46%	-4.26%	-6.49%	1.03%	-10.12%	1.56%	0.54%	-0.14%
Return on Equity (ROE)	17.58%	7.79%	-0.82%	-7.90%	-6.93%	6.83%	-12.55%	8.28%	5.51%	2.27%
Cash Return on Invested Capital (CROIC)	8.85%	4.60%	-4.20%	8.86%	1.46%	4.47%	-29.42%	-34.11%	9.79%	7.86%
Operating Return on Assets (OROA)	8.83%	5.07%	-0.49%	-3.87%	-0.59%	4.65%	-2.25%	7.94%	5.97%	2.83%
Return on Assets (ROA)	8.02%	3.95%	-0.40%	-3.13%	-2.14%	1.97%	-4.10%	3.27%	2.15%	0.87%
Return on Common Equity (ROCE)	17.32%	7.66%	-0.80%	-7.70%	-6.73%	6.63%	-12.21%	8.06%	5.35%	2.21%
Return on Equity Simple (ROE_SIMPLE)	17.34%	7.50%	-0.82%	-7.02%	-6.97%	6.75%	-13.55%	7.66%	5.55%	2.48%
Net Operating Profit after Tax (NOPAT)	224	99	-5.21	-56	-7.28	95	-35	69	42	21
NOPAT Margin	9.17%	4.58%	-0.29%	-2.80%	-0.33%	3.81%	-1.46%	3.44%	2.08%	1.13%
Net Nonoperating Expense Percent (NNEP)	-9.19%	0.48%	1.49%	4.27%	6.08%	4.90%	9.27%	2.99%	3.31%	2.82%
Return On Investment Capital (ROIC_SIMPLE)	8.43%	5.47%	-0.31%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	65.61%	67.16%	70.92%	71.08%	72.29%	69.94%	69.26%	66.47%	67.09%	70.44%
SG&A Expenses to Revenue	13.89%	14.39%	16.18%	15.17%	12.74%	13.86%	17.81%	16.12%	15.87%	8.27%
R&D to Revenue	8.81%	9.60%	10.31%	9.95%	8.93%	8.08%	8.75%	8.39%	8.33%	8.62%
Operating Expenses to Revenue	23.57%	26.92%	29.50%	32.93%	28.19%	24.76%	32.83%	25.86%	27.89%	26.75%
Earnings before Interest and Taxes (EBIT)	265	126	-12	-97	-16	124	-53	146	97	49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	327	186	59	5.68	86	244	76	211	167	127
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.52	2.62	1.96	2.78	4.74	4.28	2.62	3.36	3.81	2.27
Price to Tangible Book Value (P/TBV)	16.58	16.19	35.31	0.00	0.00	0.00	0.00	19.50	22.48	39.51
Price to Revenue (P/Rev)	2.01	1.58	1.27	1.57	1.78	1.33	0.78	1.31	1.19	0.73
Price to Earnings (P/E)	20.48	35.44	0.00	0.00	0.00	67.78	0.00	46.09	75.69	108.15
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.88%	2.82%	0.00%	0.00%	0.00%	1.48%	0.00%	2.17%	1.32%	0.92%
Enterprise Value to Invested Capital (EV/IC)	3.19	2.40	1.75	2.39	2.89	2.54	1.71	2.49	3.16	1.89
Enterprise Value to Revenue (EV/Rev)	2.09	1.68	1.45	1.72	2.15	1.68	1.17	1.53	1.29	0.86
Enterprise Value to EBITDA (EV/EBITDA)	15.62	19.59	44.47	601.79	54.54	17.23	36.39	14.71	15.56	12.85
Enterprise Value to EBIT (EV/EBIT)	19.25	28.80	0.00	0.00	0.00	33.95	0.00	21.17	26.67	33.48
Enterprise Value to NOPAT (EV/NOPAT)	22.82	36.61	0.00	0.00	0.00	44.08	0.00	44.67	62.02	76.19
Enterprise Value to Operating Cash Flow (EV/OCF)	21.45	29.14	106.38	22.07	42.72	24.29	25.35	16.19	22.39	22.20
Enterprise Value to Free Cash Flow (EV/FCFF)	37.00	52.74	0.00	25.27	195.46	57.21	0.00	0.00	31.49	23.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.88	0.37	0.42	0.39	1.18	1.25	1.39	0.76	0.47	0.59
Long-Term Debt to Equity	0.88	0.37	0.42	0.39	1.15	1.25	1.35	0.74	0.45	0.58
Financial Leverage	0.14	0.19	0.25	0.54	0.99	1.14	0.87	0.42	0.32	0.34
Leverage Ratio	2.19	1.97	2.04	2.52	3.24	3.46	3.06	2.53	2.56	2.60
Compound Leverage Factor	2.35	1.99	2.76	3.23	11.73	2.05	6.29	2.33	2.23	1.98
Debt to Total Capital	46.82%	26.80%	29.43%	28.26%	54.03%	55.57%	58.07%	43.22%	31.89%	37.28%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.00%	0.00%	1.62%	1.39%	1.47%	1.13%
Long-Term Debt to Total Capital	46.82%	26.80%	29.43%	28.26%	53.03%	55.57%	56.45%	41.83%	30.42%	36.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.78%	1.13%	1.37%	1.68%	1.30%	1.35%	1.22%	1.35%	1.96%	1.81%
Common Equity to Total Capital	52.40%	72.07%	69.20%	70.06%	44.67%	43.09%	40.71%	55.42%	66.15%	60.91%
Debt to EBITDA	3.80	2.62	8.48	79.31	11.51	4.11	13.30	2.91	1.83	2.92
Net Debt to EBITDA	0.58	1.00	5.03	50.67	9.10	3.49	11.73	2.08	1.03	1.89
Long-Term Debt to EBITDA	3.80	2.62	8.48	79.31	11.30	4.11	12.93	2.82	1.74	2.83
Debt to NOPAT	5.55	4.90	-95.42	-8.11	-135.75	10.52	-29.23	8.84	7.28	17.32
Net Debt to NOPAT	0.85	1.86	-56.63	-5.18	-107.31	8.94	-25.77	6.30	4.09	11.19
Long-Term Debt to NOPAT	5.55	4.90	-95.42	-8.11	-133.22	10.52	-28.41	8.56	6.94	16.80
Altman Z-Score	2.82	2.85	2.06	2.01	2.30	2.26	1.55	2.60	3.28	2.20
Noncontrolling Interest Sharing Ratio	1.51%	1.73%	2.13%	2.54%	2.93%	2.98%	2.64%	2.61%	2.88%	2.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.44	1.95	1.66	1.50	1.69	1.49	1.37	1.67	1.77	1.59
Quick Ratio	2.65	1.13	0.97	0.92	1.05	0.93	0.85	1.13	1.17	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	138	69	-61	135	24	73	-423	-352	82	70
Operating Cash Flow to CapEx	779.32%	464.85%	124.07%	446.32%	237.00%	284.52%	183.07%	386.61%	266.04%	167.02%
Free Cash Flow to Firm to Interest Expense	8.98	8.27	-9.11	4.72	0.54	1.40	-7.26	-25.42	6.09	5.67
Operating Cash Flow to Interest Expense	15.49	14.97	3.64	5.41	2.49	3.30	1.89	13.82	8.57	5.97
Operating Cash Flow Less CapEx to Interest Expense	13.50	11.75	0.71	4.19	1.44	2.14	0.86	10.25	5.35	2.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.87	0.75	0.79	0.82	0.94	1.01	1.10	1.24	1.10
Accounts Receivable Turnover	7.46	7.44	6.20	5.93	5.16	5.50	5.69	5.39	5.90	5.56
Inventory Turnover	5.78	5.70	6.46	8.09	7.66	7.80	7.94	7.52	7.64	7.70
Fixed Asset Turnover	19.99	16.17	11.84	10.68	9.86	10.89	11.12	10.70	10.98	9.48
Accounts Payable Turnover	9.30	6.69	5.92	6.89	5.78	5.49	5.75	6.17	7.53	7.18
Days Sales Outstanding (DSO)	48.92	49.05	58.84	61.55	70.77	66.37	64.15	67.78	61.86	65.64
Days Inventory Outstanding (DIO)	63.18	64.06	56.54	45.12	47.66	46.78	45.96	48.55	47.77	47.41
Days Payable Outstanding (DPO)	39.25	54.60	61.67	52.97	63.16	66.54	63.44	59.16	48.45	50.84
Cash Conversion Cycle (CCC)	72.85	58.52	53.71	53.70	55.26	46.61	46.67	57.17	61.18	62.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,603	1,517	1,486	1,430	1,621	1,652	1,630	1,243	821	862
Invested Capital Turnover	1.56	1.45	1.23	1.30	1.33	1.52	1.65	1.96	2.39	2.13
Increase / (Decrease) in Invested Capital	86	30	56	-191	-31	22	388	421	-41	-48
Enterprise Value (EV)	5,108	3,641	2,606	3,416	4,679	4,198	2,782	3,097	2,594	1,628
Market Capitalization	4,896	3,435	2,288	3,102	3,874	3,322	1,864	2,641	2,405	1,371
Book Value per Share	$30.84	$28.82	$25.86	$24.65	$20.21	$19.63	$18.08	$20.31	$16.51	$15.96
Tangible Book Value per Share	$6.55	$4.66	$1.43	($1.67)	($11.10)	($12.95)	($16.78)	$3.50	$2.80	$0.92
Total Capital	2,654	1,819	1,688	1,593	1,828	1,802	1,751	1,419	955	993
Total Debt	1,242	487	497	450	988	1,001	1,017	613	305	370
Total Long-Term Debt	1,242	487	497	450	969	1,001	988	594	290	359
Net Debt	191	185	295	288	781	851	896	437	171	239
Capital Expenditures (CapEx)	31	27	20	35	46	61	60	49	44	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	236	210	129	86	192	176	152	185	200	161
Debt-free Net Working Capital (DFNWC)	1,288	512	331	249	399	326	272	362	333	292
Net Working Capital (NWC)	1,288	512	331	249	380	326	243	342	319	281
Net Nonoperating Expense (NNE)	-17	1.14	4.34	23	50	43	62	9.09	6.78	6.37
Net Nonoperating Obligations (NNO)	191	185	295	288	781	851	896	437	171	239
Total Depreciation and Amortization (D&A)	62	59	70	102	101	120	130	64	69	78
Debt-free, Cash-free Net Working Capital to Revenue	9.68%	9.67%	7.18%	4.34%	8.82%	7.03%	6.38%	9.19%	9.93%	8.57%
Debt-free Net Working Capital to Revenue	52.75%	23.56%	18.44%	12.54%	18.35%	13.02%	11.44%	17.92%	16.56%	15.52%
Net Working Capital to Revenue	52.75%	23.56%	18.44%	12.54%	17.50%	13.02%	10.25%	16.94%	15.87%	14.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.27	$2.13	($0.22)	($1.83)	($1.44)	$1.24	($2.53)	$1.48	$0.83	$0.33
Adjusted Weighted Average Basic Shares Outstanding	45.37M	45.42M	45.10M	44.30M	40.25M	39.56M	39.24M	38.66M	38.21M	38.22M
Adjusted Diluted Earnings per Share	$5.18	$2.11	($0.22)	($1.83)	($1.44)	$1.23	($2.53)	$1.45	$0.82	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	46.19M	45.84M	45.10M	44.30M	40.25M	39.98M	39.24M	39.39M	38.64M	38.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.18M	45.58M	45.29M	45.01M	40.46M	39.96M	39.54M	38.78M	38.33M	-27M
Normalized Net Operating Profit after Tax (NOPAT)	227	134	15	28	61	100	19	113	105	32
Normalized NOPAT Margin	9.28%	6.16%	0.82%	1.40%	2.78%	3.99%	0.81%	5.59%	5.22%	1.69%
Pre Tax Income Margin	11.66%	5.86%	-0.88%	-6.25%	-2.61%	2.92%	-4.59%	6.67%	4.20%	1.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.25	15.14	-1.73	-3.38	-0.36	2.36	-0.91	10.57	7.20	3.96
NOPAT to Interest Expense	14.55	11.91	-0.77	-1.94	-0.17	1.82	-0.60	5.01	3.09	1.74
EBIT Less CapEx to Interest Expense	15.27	11.92	-4.67	-4.59	-1.41	1.20	-1.94	6.99	3.97	0.38
NOPAT Less CapEx to Interest Expense	12.57	8.69	-3.71	-3.15	-1.22	0.66	-1.63	1.43	-0.13	-1.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	41.47%	0.00%	-177.77%	-10.25%	0.00%	47.70%	0.00%	0.00%	0.00%	255.17%

This table displays calculated financial ratios and metrics derived from Itron's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.61%	6.18%	9.75%	12.57%	22.00%	23.46%	33.24%	25.28%	4.06%	-3.74%	-13.57%
EBITDA Growth	17.06%	28.32%	29.96%	58.66%	2,107.09%	120.96%	191.28%	381.55%	-85.37%	132.42%	-34.59%
EBIT Growth	20.39%	31.83%	34.35%	84.66%	633.06%	324.35%	853.74%	199.58%	-293.61%	110.45%	142.42%
NOPAT Growth	21.38%	17.58%	78.13%	94.66%	785.47%	77.46%	537.88%	209.46%	-666.19%	133.51%	118.67%
Net Income Growth	26.19%	30.42%	95.59%	106.59%	530.23%	104.59%	802.17%	168.09%	-1,443.42%	137.57%	542.77%
EPS Growth	26.79%	29.90%	95.40%	107.55%	530.77%	97.96%	866.67%	164.63%	-1,400.00%	136.03%	325.00%
Operating Cash Flow Growth	74.58%	66.72%	91.57%	24.44%	2,790.69%	467.57%	129.17%	175.87%	-81.18%	-195.48%	-19.46%
Free Cash Flow Firm Growth	25.51%	-331.63%	-33.20%	-4,155.14%	-232.76%	146.43%	-175.06%	-91.43%	-48.00%	-126.70%	-45.19%
Invested Capital Growth	5.82%	5.65%	9.19%	8.97%	6.12%	2.05%	6.38%	1.66%	-2.46%	3.92%	-4.10%
Revenue Q/Q Growth	-0.93%	-0.42%	1.05%	0.93%	4.55%	2.92%	3.64%	9.39%	5.80%	11.08%	-2.55%
EBITDA Q/Q Growth	11.99%	-11.80%	15.79%	2.35%	22.76%	-10.67%	41.37%	1,323.74%	-87.71%	17.75%	236.64%
EBIT Q/Q Growth	20.40%	-15.22%	16.21%	1.48%	31.84%	-13.59%	59.74%	392.95%	-204.95%	94.20%	116.68%
NOPAT Q/Q Growth	15.09%	-25.69%	41.54%	0.28%	11.48%	12.58%	54.67%	453.12%	-128.86%	304.67%	126.54%
Net Income Q/Q Growth	11.58%	-25.78%	52.16%	0.14%	15.32%	11.31%	60.72%	308.55%	-154.84%	390.83%	112.13%
EPS Q/Q Growth	12.70%	-25.88%	54.55%	-1.79%	15.46%	11.49%	64.15%	303.85%	-153.06%	444.44%	110.98%
Operating Cash Flow Q/Q Growth	-9.68%	22.28%	26.27%	25.20%	-13.75%	40.51%	-17.98%	2,808.33%	110.97%	-187.60%	-1.27%
Free Cash Flow Firm Q/Q Growth	12.35%	49.86%	17.40%	-105.19%	-183.06%	128.83%	-2,614.77%	-93.28%	195.31%	-146.61%	187.05%
Invested Capital Q/Q Growth	1.69%	-1.51%	2.99%	2.58%	3.77%	1.79%	2.79%	-0.10%	-2.37%	6.11%	-1.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.78%	34.90%	34.06%	34.55%	34.03%	34.03%	33.38%	32.15%	31.61%	30.12%	28.53%
EBITDA Margin	14.83%	13.11%	14.81%	12.92%	12.74%	10.85%	12.50%	9.17%	0.70%	6.06%	5.72%
Operating Margin	12.55%	10.24%	12.01%	10.61%	10.41%	8.54%	9.79%	6.49%	-2.10%	2.65%	1.64%
EBIT Margin	12.54%	10.32%	12.12%	10.54%	10.48%	8.31%	9.90%	6.43%	-2.40%	2.42%	1.38%
Profit (Net Income) Margin	10.76%	9.56%	12.82%	8.51%	8.58%	7.78%	7.19%	4.64%	-2.43%	4.70%	1.06%
Tax Burden Percent	79.42%	83.85%	95.74%	77.36%	79.41%	90.79%	72.39%	73.19%	99.42%	203.60%	90.43%
Interest Burden Percent	108.03%	110.42%	110.47%	104.42%	103.09%	103.08%	100.35%	98.65%	102.01%	95.34%	84.92%
Effective Tax Rate	20.58%	16.15%	4.26%	22.64%	20.59%	9.21%	27.61%	26.81%	0.00%	-103.60%	9.57%
Return on Invested Capital (ROIC)	15.38%	13.43%	17.75%	12.74%	12.61%	11.22%	10.12%	6.35%	-1.82%	6.64%	1.88%
ROIC Less NNEP Spread (ROIC-NNEP)	18.88%	16.60%	21.06%	13.43%	13.54%	11.29%	10.35%	6.12%	-3.52%	5.52%	1.23%
Return on Net Nonoperating Assets (RNNOA)	1.80%	2.28%	3.94%	2.91%	2.16%	2.15%	2.25%	1.33%	-0.83%	1.38%	0.29%
Return on Equity (ROE)	17.17%	15.71%	21.68%	15.65%	14.77%	13.37%	12.37%	7.69%	-2.64%	8.02%	2.17%
Cash Return on Invested Capital (CROIC)	9.13%	8.85%	5.06%	3.58%	4.76%	4.60%	-0.78%	1.54%	1.32%	-4.20%	-2.04%
Operating Return on Assets (OROA)	9.92%	8.38%	9.92%	8.57%	9.34%	7.25%	8.47%	5.14%	-1.79%	1.82%	1.06%
Return on Assets (ROA)	8.52%	7.76%	10.49%	6.92%	7.65%	6.79%	6.15%	3.71%	-1.82%	3.53%	0.81%
Return on Common Equity (ROCE)	16.93%	15.47%	21.35%	15.37%	14.52%	13.14%	12.14%	7.53%	-2.59%	7.85%	2.12%
Return on Equity Simple (ROE_SIMPLE)	17.11%	0.00%	16.87%	15.24%	11.88%	0.00%	6.09%	3.28%	-1.92%	0.00%	-8.22%
Net Operating Profit after Tax (NOPAT)	61	53	71	50	50	45	40	26	-7.28	25	6.23
NOPAT Margin	9.97%	8.58%	11.50%	8.21%	8.26%	7.75%	7.09%	4.75%	-1.47%	5.39%	1.48%
Net Nonoperating Expense Percent (NNEP)	-3.50%	-3.17%	-3.31%	-0.69%	-0.93%	-0.07%	-0.24%	0.23%	1.71%	1.12%	0.65%
Return On Investment Capital (ROIC_SIMPLE)	2.20%	1.98%	-	-	-	2.46%	-	-	-	1.49%	-
Cost of Revenue to Revenue	64.22%	65.10%	65.94%	65.45%	65.97%	65.97%	66.62%	67.85%	68.39%	69.88%	71.47%
SG&A Expenses to Revenue	14.31%	13.88%	12.94%	14.52%	14.25%	14.14%	13.66%	14.62%	15.27%	16.63%	15.08%
R&D to Revenue	8.25%	9.52%	8.33%	8.71%	8.68%	9.34%	9.21%	9.90%	10.02%	9.97%	10.41%
Operating Expenses to Revenue	23.22%	24.66%	22.04%	23.94%	23.63%	25.49%	23.59%	25.66%	33.72%	27.47%	26.89%
Earnings before Interest and Taxes (EBIT)	76	63	75	64	63	48	56	35	-12	11	5.82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	80	91	79	77	63	70	50	3.48	28	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.18	3.52	3.56	3.66	3.08	2.62	2.23	2.72	2.14	1.96	1.74
Price to Tangible Book Value (P/TBV)	12.23	16.58	21.19	35.76	17.30	16.19	18.17	31.80	37.73	35.31	152.91
Price to Revenue (P/Rev)	1.94	2.01	2.00	1.93	1.84	1.58	1.33	1.70	1.38	1.27	1.05
Price to Earnings (P/E)	18.72	20.48	21.31	24.20	26.23	35.44	36.84	84.64	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.34%	4.88%	4.69%	4.13%	3.81%	2.82%	2.71%	1.18%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.99	3.19	3.12	3.09	2.85	2.40	2.02	2.43	1.92	1.75	1.58
Enterprise Value to Revenue (EV/Rev)	1.99	2.09	2.11	2.08	1.92	1.68	1.46	1.83	1.54	1.45	1.22
Enterprise Value to EBITDA (EV/EBITDA)	14.33	15.62	16.43	16.92	16.91	19.59	19.84	33.36	72.91	44.47	0.00
Enterprise Value to EBIT (EV/EBIT)	17.52	19.25	20.32	21.12	21.75	28.80	33.50	87.92	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	20.80	22.82	23.54	26.48	27.39	36.61	38.47	76.85	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.12	21.45	24.64	27.88	26.60	29.14	46.94	78.51	152.23	106.38	43.14
Enterprise Value to Free Cash Flow (EV/FCFF)	33.67	37.00	64.37	90.04	61.61	52.74	0.00	159.39	143.87	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.88	0.91	0.98	0.33	0.37	0.39	0.37	0.38	0.42	0.45
Long-Term Debt to Equity	0.52	0.88	0.91	0.98	0.33	0.37	0.39	0.37	0.38	0.42	0.45
Financial Leverage	0.10	0.14	0.19	0.22	0.16	0.19	0.22	0.22	0.23	0.25	0.24
Leverage Ratio	2.14	2.19	2.24	2.32	1.99	1.97	2.03	2.03	2.04	2.04	2.05
Compound Leverage Factor	2.31	2.42	2.47	2.43	2.05	2.04	2.04	2.01	2.08	1.95	1.74
Debt to Total Capital	45.18%	46.82%	47.55%	49.58%	24.74%	26.80%	27.92%	26.96%	27.51%	29.43%	30.88%
Short-Term Debt to Total Capital	16.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.56%	46.82%	47.55%	49.58%	24.74%	26.80%	27.92%	26.96%	27.51%	29.43%	30.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.75%	0.78%	0.78%	0.85%	1.12%	1.13%	1.15%	1.41%	1.39%	1.37%	1.44%
Common Equity to Total Capital	54.06%	52.40%	51.67%	49.57%	74.14%	72.07%	70.93%	71.62%	71.11%	69.20%	67.68%
Debt to EBITDA	3.66	3.80	4.01	4.30	1.76	2.62	3.22	4.30	11.83	8.48	-8.73
Net Debt to EBITDA	0.35	0.58	0.84	1.11	0.60	1.00	1.53	2.09	6.71	5.03	-4.96
Long-Term Debt to EBITDA	2.31	3.80	4.01	4.30	1.76	2.62	3.22	4.30	11.83	8.48	-8.73
Debt to NOPAT	5.31	5.55	5.75	6.73	2.85	4.90	6.24	9.91	-26.26	-95.42	-5.60
Net Debt to NOPAT	0.51	0.85	1.20	1.73	0.97	1.86	2.98	4.82	-14.90	-56.63	-3.18
Long-Term Debt to NOPAT	3.35	5.55	5.75	6.73	2.85	4.90	6.24	9.91	-26.26	-95.42	-5.60
Altman Z-Score	2.46	2.62	2.57	2.41	2.92	2.75	2.43	2.27	1.80	2.09	1.90
Noncontrolling Interest Sharing Ratio	1.43%	1.51%	1.54%	1.80%	1.68%	1.73%	1.83%	1.98%	2.08%	2.13%	2.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.93	3.44	3.36	3.16	1.90	1.95	1.82	1.73	1.68	1.66	1.61
Quick Ratio	1.49	2.65	2.53	2.31	1.11	1.13	1.03	0.99	0.93	0.97	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-29	-33	-66	-80	-39	14	-50	1.97	29	-31	66
Operating Cash Flow to CapEx	1,554.58%	824.55%	985.97%	727.38%	578.14%	558.22%	587.10%	742.67%	20.70%	-268.05%	352.21%
Free Cash Flow to Firm to Interest Expense	-5.20	-5.93	-11.80	-34.96	-20.61	7.65	-20.30	1.00	14.28	-17.19	39.39
Operating Cash Flow to Interest Expense	12.89	14.28	11.65	22.58	21.82	25.61	13.94	21.02	0.69	-7.27	8.86
Operating Cash Flow Less CapEx to Interest Expense	12.06	12.55	10.47	19.48	18.05	21.02	11.57	18.19	-2.66	-9.98	6.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.81	0.82	0.81	0.89	0.87	0.86	0.80	0.75	0.75	0.77
Accounts Receivable Turnover	7.12	7.46	7.32	7.40	7.07	7.44	7.06	6.65	5.96	6.20	6.17
Inventory Turnover	5.60	5.78	5.73	5.55	5.50	5.70	5.86	6.04	5.83	6.46	6.92
Fixed Asset Turnover	20.59	19.99	19.23	18.46	17.46	16.17	15.38	13.58	12.36	11.84	11.04
Accounts Payable Turnover	8.21	9.30	8.40	7.39	6.49	6.69	6.11	6.59	5.67	5.92	6.18
Days Sales Outstanding (DSO)	51.25	48.92	49.84	49.35	51.59	49.05	51.71	54.87	61.19	58.84	59.13
Days Inventory Outstanding (DIO)	65.18	63.18	63.71	65.75	66.34	64.06	62.28	60.46	62.63	56.54	52.76
Days Payable Outstanding (DPO)	44.44	39.25	43.43	49.39	56.26	54.60	59.74	55.36	64.34	61.67	59.09
Cash Conversion Cycle (CCC)	72.00	72.85	70.12	65.72	61.67	58.52	54.25	59.97	59.48	53.71	52.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,630	1,603	1,627	1,580	1,540	1,517	1,490	1,450	1,451	1,486	1,401
Invested Capital Turnover	1.54	1.56	1.54	1.55	1.53	1.45	1.43	1.34	1.24	1.23	1.27
Increase / (Decrease) in Invested Capital	90	86	137	130	89	30	89	24	-37	56	-60
Enterprise Value (EV)	4,874	5,108	5,081	4,879	4,384	3,641	3,006	3,520	2,792	2,606	2,208
Market Capitalization	4,733	4,896	4,802	4,539	4,209	3,435	2,754	3,275	2,512	2,288	1,901
Book Value per Share	$32.94	$30.84	$29.99	$27.02	$29.89	$28.82	$27.23	$26.53	$25.86	$25.86	$24.23
Tangible Book Value per Share	$8.57	$6.55	$5.04	$2.77	$5.33	$4.66	$3.33	$2.27	$1.47	$1.43	$0.28
Total Capital	2,753	2,654	2,610	2,500	1,841	1,819	1,745	1,683	1,647	1,688	1,616
Total Debt	1,244	1,242	1,241	1,240	455	487	487	454	453	497	499
Total Long-Term Debt	786	1,242	1,241	1,240	455	487	487	454	453	497	499
Net Debt	121	191	258	319	155	185	233	221	257	295	284
Capital Expenditures (CapEx)	4.64	9.68	6.62	7.11	7.15	8.58	5.81	5.60	6.90	4.86	4.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	254	236	251	234	218	210	199	177	169	129	91
Debt-free Net Working Capital (DFNWC)	1,377	1,288	1,233	1,154	519	512	454	410	366	331	307
Net Working Capital (NWC)	919	1,288	1,233	1,154	519	512	454	410	366	331	307
Net Nonoperating Expense (NNE)	-4.82	-5.97	-8.13	-1.85	-1.92	-0.17	-0.61	0.59	4.76	3.26	1.76
Net Nonoperating Obligations (NNO)	121	191	258	319	155	185	233	221	257	295	284
Total Depreciation and Amortization (D&A)	14	17	17	14	14	15	15	15	15	17	18
Debt-free, Cash-free Net Working Capital to Revenue	10.37%	9.68%	10.42%	9.94%	9.56%	9.67%	9.64%	9.21%	9.34%	7.18%	5.02%
Debt-free Net Working Capital to Revenue	56.32%	52.75%	51.27%	49.11%	22.73%	23.56%	21.99%	21.31%	20.14%	18.44%	16.90%
Net Working Capital to Revenue	37.60%	52.75%	51.27%	49.11%	22.73%	23.56%	21.99%	21.31%	20.14%	18.44%	16.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.44	$1.29	$1.73	$1.12	$1.13	$0.98	$0.88	$0.53	($0.26)	$0.49	$0.09
Adjusted Weighted Average Basic Shares Outstanding	45.34M	45.37M	44.98M	45.75M	45.65M	45.42M	45.46M	45.44M	45.28M	45.10M	45.14M
Adjusted Diluted Earnings per Share	$1.42	$1.26	$1.70	$1.10	$1.12	$0.97	$0.87	$0.53	($0.26)	$0.49	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	46.17M	46.19M	45.84M	46.53M	46.36M	45.84M	45.95M	45.78M	45.28M	45.10M	45.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.59M	45.18M	45.09M	44.96M	45.87M	45.58M	45.49M	45.46M	45.42M	45.29M	45.18M
Normalized Net Operating Profit after Tax (NOPAT)	60	55	71	50	50	51	39	27	18	7.12	5.77
Normalized NOPAT Margin	9.91%	9.03%	11.50%	8.19%	8.29%	8.87%	7.01%	4.95%	3.71%	1.52%	1.37%
Pre Tax Income Margin	13.55%	11.40%	13.39%	11.01%	10.81%	8.57%	9.94%	6.34%	-2.45%	2.31%	1.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.62	11.31	13.31	28.04	33.42	25.66	22.71	17.59	-5.77	6.31	3.47
NOPAT to Interest Expense	10.82	9.41	12.63	21.84	26.34	23.92	16.25	12.99	-3.54	14.06	3.71
EBIT Less CapEx to Interest Expense	12.79	9.58	12.13	24.93	29.65	21.07	20.34	14.76	-9.12	3.60	0.95
NOPAT Less CapEx to Interest Expense	9.99	7.68	11.45	18.73	22.57	19.33	13.88	10.16	-6.89	11.35	1.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	41.47%	43.96%	52.94%	0.00%	0.00%	0.00%	0.00%	0.00%	-177.77%	-27.80%

Frequently Asked Questions About Itron's Financials

When does Itron's financial year end?

According to the most recent income statement we have on file, Itron's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Itron's net income changed over the last 9 years?

Itron's net income appears to be on an upward trend, with a most recent value of $241.12 million in 2024, rising from $15.00 million in 2015. The previous period was $98.32 million in 2023. Check out Itron's forecast to explore projected trends and price targets.

What is Itron's operating income?

Itron's total operating income in 2024 was $264.11 million, based on the following breakdown:

Total Gross Profit: $839.32 million
Total Operating Expenses: $575.21 million

How has Itron revenue changed over the last 9 years?

Over the last 9 years, Itron's total revenue changed from $1.88 billion in 2015 to $2.44 billion in 2024, a change of 29.6%.

How much debt does Itron have?

Itron's total liabilities were at $2.00 billion at the end of 2024, a 56.8% increase from 2023, and a 88.7% increase since 2015.

How much cash does Itron have?

In the past 9 years, Itron's cash and equivalents has ranged from $120.22 million in 2018 to $1.05 billion in 2024, and is currently $1.05 billion as of their latest financial filing in 2024.

How has Itron's book value per share changed over the last 9 years?

Over the last 9 years, Itron's book value per share changed from 15.96 in 2015 to 30.84 in 2024, a change of 93.3%.

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This page (NASDAQ:ITRI) was last updated on 5/28/2025 by MarketBeat.com Staff

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Itron (ITRI) Financials

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Itron (ITRI) Financials

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