Itron Inc. Common Stock (ITRI)

FairStock Score: 69/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable economics, honest accounting, and a price that leaves room for error. Itron sells essential metering and networking gear for utilities and cities, which can create switching costs when systems are installed. The filed record shows improving profits: in fiscal year 2025, the year ended 2025-12-31, net income was $301.1M, or $6.50 per diluted share, up from fiscal year 2024, the year ended 2024-12-31, when net income was $239.1M and diluted EPS was $5.18; fiscal year 2023, the year ended 2023-12-31, had net income of $96.9M and diluted EPS of $2.11. FairStock's Lynch category is TURNAROUND, because it returned to profit after a loss within the last three years. But in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $562.9M, net income $53.3M and diluted EPS $1.19, below fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $606.8M, net income $68.3M and diluted EPS $1.47. So the trend is not one-way. At the 2026-10-13 close of $86.62, FairStock calculates P/E 14.48, P/B 2.35, ROE 16.89%, ROCE 4.99%, D/E 0.98, FCF yield 10.4%, PEG 0.19, Piotroski 5/9 and Altman Z 1.52. Cash generation is attractive, but the balance sheet and low return on capital deserve caution. Graham Number is $69.85, so the price is about 24% above that conservative anchor. For Graham, that leaves little cushion. I see a decent turnaround with cash flow, but not a wide-moat bargain. Price is fair, not compelling.

In plain English: Itron makes equipment and systems that help utilities and cities measure and manage electricity, gas, and water. The company is profitable and produces strong cash flow, but sales have slipped recently and it carries a fair amount of debt. At the recent price, the shares look reasonably priced compared with earnings, though not a bargain when compared with their accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer