ITRI
TechnologyItron, Inc. · Hardware, Equipment & Parts · $4B
What is Itron, Inc.?
Itron, Inc. is a technology and services company focused on helping utilities and municipalities manage energy, water, and smart city infrastructure. Operating globally, Itron delivers hardware, networking, and data analytics solutions under a single brand.
Itron generates revenue across three segments: Device Solutions, which covers measurement and sensing hardware; Networked Solutions, which combines smart meters, communication endpoints, and network infrastructure; and Outcomes, which delivers software and services that help utilities and cities interpret operational data. The company sells directly through its own sales force and through a network of distributors, partners, and representatives, serving utilities and municipalities worldwide.
Incorporated in 1977 and headquartered in Liberty Lake, Washington, Itron has spent decades serving the utility sector.
- Smart meters and communicating endpoints for energy and water
- Network infrastructure for utility data transport
- Data analytics and decision-support software
- Cloud and software-as-a-service platforms
- Implementation, consulting, and post-sale maintenance services
Is ITRI a Good Stock to Buy?
UQS Score rates ITRI as Below Average overall.
Among the five pillars, Risk and Valuation stand out as relative strengths for Itron. The Risk profile suggests the company carries a manageable financial risk load compared to many technology peers, while the Valuation pillar indicates the stock is not priced at a significant premium relative to its fundamentals.
The Moat and Growth pillars both register as Weak, pointing to limited competitive differentiation and subdued growth momentum — areas that weigh on the overall composite score.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ITRI pay dividends?
No — Itron, Inc. does not currently pay a dividend.
Itron does not currently pay a dividend. For a technology company operating in capital-intensive infrastructure markets, retaining earnings to fund product development, network expansion, and service capabilities is a common strategic choice. Income-focused investors should factor this into their assessment, while growth-oriented investors may view reinvestment as aligned with long-term operational priorities.
When does ITRI report earnings?
Itron reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Itron's quarterly results reflect the dynamics of its three-segment model — hardware volumes, network deployments, and software services can each move independently depending on utility spending cycles and contract timing. The Outcomes segment, in particular, introduces recurring revenue characteristics that can smooth results over time.
For the most recent quarter's results and guidance, visit Itron's investor relations page directly.
ITRI Price History
-1.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Itron, Inc.?
Based on Itron, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ITRI Long-term Outlook
Itron's fundamental outlook is shaped by a Weak Growth pillar alongside a Good Risk profile. This combination suggests the company operates with reasonable financial stability but has not yet demonstrated the kind of top-line acceleration that would elevate its growth standing. Expansion in smart city infrastructure and utility modernization programs could serve as longer-term tailwinds, though near-term momentum appears muted based on the current pillar profile.
Growth drivers
- Global utility grid modernization and smart meter rollouts
- Growing demand for water and energy data analytics platforms
- Expansion of cloud and SaaS-based Outcomes segment offerings
Key risks
- Weak Moat pillar signals limited pricing power versus specialized competitors
- Utility capital spending cycles can delay or defer hardware deployments
- Technology commoditization in the device and networking segments
ITRI vs Peers
Itron competes across hardware, networking, and software layers of the utility technology market, placing it alongside companies with varying degrees of specialization.
Novanta focuses on precision motion and sensing components for medical and industrial applications, giving it a narrower but highly specialized technology niche compared to Itron's utility-centric scope.
MDA Space concentrates on satellite systems and geospatial intelligence, operating in a different end-market but competing for technology infrastructure investment dollars.
OSI Systems delivers security and inspection technology, sharing Itron's government and infrastructure customer base but serving distinct operational needs.
Frequently Asked Questions
What does Itron do?
Itron provides end-to-end technology solutions for utilities and municipalities managing energy, water, and smart city operations. Its business spans hardware devices, networked communication systems, and data analytics software. Customers use Itron's platforms to measure consumption, transport data, and make operational decisions more efficiently.
Does ITRI pay dividends?
Itron does not currently pay a dividend. The company retains its earnings to fund operations, product development, and infrastructure investments. Investors seeking regular income should note this, while those focused on capital reinvestment may find the approach consistent with Itron's technology growth strategy.
When does ITRI report earnings?
Itron reports financial results on a quarterly basis, in line with standard US-listed company practice. For precise dates and the latest guidance, check Itron's official investor relations page, which is updated ahead of each reporting period.
Is ITRI a good stock to buy?
UQS Score rates ITRI as Below Average overall. The Risk and Valuation pillars show relative strength, but the Moat and Growth pillars are both Weak, which limits the composite score. Whether ITRI fits a portfolio depends on individual goals — the full pillar breakdown is available to UQS Pro members.
Is ITRI overvalued?
The UQS Valuation pillar for ITRI is rated Good, suggesting the stock does not appear significantly overpriced relative to its fundamentals. That said, valuation should always be considered alongside quality and growth characteristics — the complete analysis is accessible through a UQS Pro subscription.
How does ITRI compare to its competitors?
Itron operates across device, network, and software layers of the utility technology market. Peers like Novanta, MDA Space, and OSI Systems each focus on narrower or different end-markets. UQS Score provides side-by-side pillar comparisons for subscribers looking to evaluate ITRI against these companies systematically.
What is ITRI's market cap bracket?
Itron is classified as a mid-cap company. This places it in a segment of the market that typically offers more growth potential than large-caps but with greater volatility than mega-cap peers. Mid-cap technology companies like Itron can be sensitive to sector spending cycles and contract timing.
Who founded Itron?
Itron was incorporated in 1977 and has grown over decades into a global provider of utility technology solutions. Detailed founding history, including key leadership milestones, is publicly available through Itron's corporate website and historical filings.
Is ITRI a long-term quality indicator?
As a long-term quality indicator, ITRI's UQS profile shows mixed signals. The Good Risk pillar suggests financial stability, but the Weak Moat and Weak Growth pillars raise questions about durable competitive advantage and earnings expansion over time. Long-term investors should weigh these factors carefully using the full UQS breakdown.
What is the main competitive advantage of Itron?
Itron's primary advantage lies in its end-to-end platform — covering hardware, networking, and analytics — which allows utilities to work with a single vendor across the data lifecycle. However, the UQS Moat pillar rates this advantage as Weak, indicating that competitive differentiation may be limited relative to more specialized peers.
What sector does ITRI belong to?
Itron is classified in the Technology sector, though its business is deeply tied to utility and municipal infrastructure markets. This positioning means ITRI can be influenced by both technology spending trends and the capital expenditure cycles of energy and water utilities worldwide.
Is ITRI a growth stock or value stock?
Based on the UQS pillar profile, ITRI leans toward neither a classic growth nor a deep-value profile. The Growth pillar is rated Weak, while the Valuation pillar is rated Good — suggesting the stock is reasonably priced but not generating the kind of expansion that typically defines a growth stock.
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Pro Analysis
ITRI — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 49.3 | 48.5 | 39.0 | 15.7 | 92.6 | 69.3 | -0.1 |
| May 16, 2026 | 49.4 | 48.5 | 39.0 | 15.7 | 92.6 | 70.1 | +0.1 |
| May 14, 2026 | 49.3 | 48.5 | 39.0 | 15.7 | 92.6 | 69.4 | 0.0 |
| May 13, 2026 | 49.3 | 48.5 | 39.0 | 15.7 | 92.6 | 69.3 | +5.0 |
| May 7, 2026 | 44.3 | 47.8 | 39.0 | 15.7 | 64.6 | 65.1 | +0.1 |
| May 6, 2026 | 44.2 | 47.8 | 39.0 | 15.7 | 64.6 | 64.4 | 0.0 |
| May 3, 2026 | 44.2 | 47.8 | 39.0 | 15.9 | 64.6 | 64.5 | +0.1 |
| May 1, 2026 | 44.1 | 47.8 | 39.0 | 15.9 | 64.6 | 63.5 | -0.2 |
| Apr 26, 2026 | 44.3 | 47.8 | 39.0 | 16.9 | 64.6 | 63.7 | +0.5 |
| Apr 24, 2026 | 43.8 | 47.8 | 39.0 | 16.9 | 64.6 | 60.5 | -1.1 |
ITRI — Pillar Breakdown
Quality
— 48.5/100 (25%)Itron, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 15.7/100 (20%)Itron, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 92.6/100 (15%)Itron, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 69.0/100 (15%)Itron, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 39/100 (25%)Itron, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ITRI.
Score Composition
Financial Data
More Stock Analysis
How is the ITRI UQS Score Calculated?
The UQS (Unified Quality Score) for Itron, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Itron, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Itron, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.