Itron (ITRI) Financials

$107.53 -0.70 (-0.65%)

Closing price 03:59 PM Eastern

Extended Trading

$107.62 +0.09 (+0.09%)

As of 04:01 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	13	32	57	-99	49	-58	-81	-9.73	97	239
Consolidated Net Income / (Loss)	15	35	60	-97	52	-57	-78	-9.55	98	241
Net Income / (Loss) Continuing Operations	15	35	60	-97	52	-57	-78	-9.55	98	241
Total Pre-Tax Income	37	85	135	-109	73	-57	-124	-16	127	285
Total Operating Income	53	101	155	-50	133	-10	-79	-7.44	129	264
Total Gross Profit	557	663	677	730	752	602	573	522	714	839
Total Revenue	1,884	2,013	2,018	2,376	2,502	2,173	1,982	1,796	2,174	2,441
Operating Revenue	1,884	2,013	2,018	2,376	2,502	2,173	1,982	1,796	2,174	2,441
Total Cost of Revenue	1,327	1,351	1,341	1,646	1,750	1,571	1,408	1,273	1,460	1,602
Operating Cost of Revenue	1,327	1,351	1,341	1,646	1,750	1,571	1,408	1,273	1,460	1,602
Total Operating Expenses	504	562	522	780	620	613	652	530	585	575
Selling, General & Admin Expense	156	320	325	423	347	277	301	290	313	339
Research & Development Expense	162	168	169	208	202	194	197	185	209	215
Amortization Expense	32	25	21	72	64	45	36	26	19	18
Impairment Charge	-	-	-	-	-	0.00	0.00	38	0.00	0.00
Restructuring Charge	-7.26	49	6.42	77	6.28	37	55	-14	44	2.68
Other Special Charges / (Income)	-	-	-	0.00	0.00	60	64	3.51	0.67	0.60
Total Other Income / (Expense), net	-16	-16	-20	-59	-60	-46	-45	-8.30	-1.48	20
Interest Expense	12	14	14	58	52	44	29	6.72	8.35	15
Interest & Investment Income	0.76	0.87	2.13	2.15	1.85	3.00	1.56	2.63	9.31	35
Other Income / (Expense), net	-4.22	-3.71	-8.58	-3.41	-9.05	-5.24	-17	-4.21	-2.45	1.22
Income Tax Expense	22	50	74	-13	21	0.24	-46	-6.20	29	43
Net Income / (Loss) Attributable to Noncontrolling Interest	2.33	3.28	2.95	2.67	3.41	1.08	2.96	0.19	1.40	2.02
Basic Earnings per Share	$0.33	$0.83	$1.48	($2.53)	$1.24	($1.44)	($1.83)	($0.22)	$2.13	$5.27
Weighted Average Basic Shares Outstanding	38.22M	38.21M	38.66M	39.24M	39.56M	40.25M	44.30M	45.10M	45.42M	45.37M
Diluted Earnings per Share	$0.33	$0.82	$1.45	($2.53)	$1.23	($1.44)	($1.83)	($0.22)	$2.11	$5.18
Weighted Average Diluted Shares Outstanding	38.51M	38.64M	39.39M	39.24M	39.98M	40.25M	44.30M	45.10M	45.84M	46.19M
Weighted Average Basic & Diluted Shares Outstanding	-27M	38.30M	38.70M	39.20M	39.96M	40.46M	45.01M	45.29M	45.58M	45.18M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	4.12	22	-12	24	40	44	52	51	78	58
Consolidated Net Income / (Loss)	4.47	22	-12	25	40	45	52	52	79	59
Net Income / (Loss) Continuing Operations	4.47	22	-12	25	40	45	52	52	79	59
Total Pre-Tax Income	4.95	11	-12	34	56	49	65	67	82	70
Total Operating Income	6.89	12	-10	35	55	49	63	65	74	63
Total Gross Profit	120	141	156	174	187	196	205	210	210	214
Total Revenue	421	467	495	541	561	577	603	609	615	613
Operating Revenue	421	467	495	541	561	577	603	609	615	613
Total Cost of Revenue	301	327	338	367	374	381	398	399	406	399
Operating Cost of Revenue	301	327	338	367	374	381	398	399	406	399
Total Operating Expenses	113	128	167	139	132	147	143	146	136	151
Selling, General & Admin Expense	63	78	76	79	77	82	86	88	80	85
Research & Development Expense	44	47	50	54	52	54	52	53	51	58
Amortization Expense	6.41	6.27	5.05	4.72	4.66	4.49	3.99	4.51	4.81	4.52
Restructuring Charge	-1.27	-2.53	37	0.87	-0.62	7.12	0.20	-0.10	-0.72	3.30
Other Special Charges / (Income)	0.77	0.32	0.02	0.61	0.05	-0.01	0.02	-0.07	0.70	-0.06
Total Other Income / (Expense), net	-1.94	-1.60	-1.71	-0.80	0.84	0.19	2.42	2.39	8.49	7.12
Interest Expense	1.68	1.79	2.06	1.98	2.45	1.87	1.89	2.29	5.61	5.59
Interest & Investment Income	0.80	1.27	1.82	1.51	2.64	3.35	3.85	5.13	13	12
Other Income / (Expense), net	-1.07	-1.07	-1.48	-0.33	0.65	-1.28	0.46	-0.45	0.68	0.53
Income Tax Expense	0.47	-11	-0.07	9.20	15	4.56	13	15	3.52	11
Net Income / (Loss) Attributable to Noncontrolling Interest	0.36	-0.26	-0.20	0.90	0.17	0.52	0.07	0.54	0.95	0.46
Basic Earnings per Share	$0.09	$0.49	($0.26)	$0.53	$0.88	$0.98	$1.13	$1.12	$1.73	$1.29
Weighted Average Basic Shares Outstanding	45.14M	45.10M	45.28M	45.44M	45.46M	45.42M	45.65M	45.75M	44.98M	45.37M
Diluted Earnings per Share	$0.09	$0.49	($0.26)	$0.53	$0.87	$0.97	$1.12	$1.10	$1.70	$1.26
Weighted Average Diluted Shares Outstanding	45.33M	45.10M	45.28M	45.78M	45.95M	45.84M	46.36M	46.53M	45.84M	46.19M
Weighted Average Basic & Diluted Shares Outstanding	45.18M	45.29M	45.42M	45.46M	45.49M	45.58M	45.87M	44.96M	45.09M	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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	19	2.55	345	-357	28	57	-33	39	100	749
Net Cash From Operating Activities	73	116	191	110	173	110	155	25	125	238
Net Cash From Continuing Operating Activities	73	116	191	110	173	110	155	25	125	238
Net Income / (Loss) Continuing Operations	15	35	60	-97	52	-57	-78	-9.55	98	241
Consolidated Net Income / (Loss)	15	35	60	-97	52	-57	-78	-9.55	98	241
Depreciation Expense	76	68	63	122	114	97	84	67	56	56
Amortization Expense	2.13	1.08	1.07	7.05	5.63	4.13	18	3.50	3.66	5.49
Non-Cash Adjustments To Reconcile Net Income	37	30	12	54	33	106	119	86	42	64
Changes in Operating Assets and Liabilities, net	-57	-18	55	22	-33	-41	12	-122	-75	-129
Net Cash From Investing Activities	-49	-48	-148	-863	-48	-41	-35	41	-23	-63
Net Cash From Continuing Investing Activities	-49	-48	-148	-863	-48	-41	-35	41	-23	-63
Purchase of Property, Plant & Equipment	-44	-44	-49	-60	-61	-46	-35	-20	-27	-31
Acquisitions	-5.75	-0.95	-99	-803	0.00	0.00	-8.67	0.02	0.00	-34
Divestitures	-	-	-	-	0.00	1.13	3.14	56	-0.77	0.41
Other Investing Activities, net	0.72	-3.03	0.70	0.37	13	4.04	5.33	4.31	4.35	0.85
Net Cash From Financing Activities	7.74	-63	302	396	-98	-12	-153	-19	-3.51	580
Net Cash From Continuing Financing Activities	7.74	-63	302	396	-98	-12	-153	-19	-3.51	580
Repayment of Debt	-70	-82	-37	-392	-147	-420	-961	-5.22	-7.18	-25
Repurchase of Common Equity	-38	-	0.00	0.00	-25	0.00	-8.03	-17	0.00	-100
Issuance of Debt	113	16	335	779	50	400	460	0.00	0.00	805
Issuance of Common Equity	2.66	2.89	3.61	9.17	24	8.89	440	3.45	3.67	8.32
Other Financing Activities, net	-	-	-	-	0.00	0.00	-84	0.00	0.00	-109
Effect of Exchange Rate Changes	-13	-2.74	-	-	0.44	0.13	-	-6.85	1.89	-5.15
Cash Interest Paid	10	9.92	10	42	45	47	8.98	1.62	1.83	1.34
Cash Income Taxes Paid	29	24	29	14	12	2.69	7.07	12	55	80

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

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

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

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

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

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

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

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. Find out what analysts predict for Itron in the coming months.

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 5/5/2025 by MarketBeat.com Staff

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Itron (ITRI) Financials

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Itron (ITRI) Financials

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