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Itron Valuation Multiples
Discover revenue and EBITDA valuation multiples for Itron and similar public comparables like CHCNav, AIKO Solar, Badger Meter, Renishaw and more.
Itron Overview
About Itron
Itron Inc provides solutions that measure, manage, and analyze energy and water use. The company offers grid edge intelligence, energy and water management, smart city applications, Industrial Internet of Things (IIoT), and critical infrastructure and related services. It operates under the Itron brand and has four reportable segments: Device Solutions, Networked Solutions, Resiliency Solutions, and Outcomes. Key revenue is generated from the Networked Solutions segment, which includes a combination of communicating endpoints (e.g., smart meters, modules, endpoints, and sensors), network infrastructure, network design services, and associated headend management and application software designed and sold as a complete solution for acquiring and transporting robust application-specific data.
Founded
1977
HQ
Employees
5.5K
Website
Financials (LTM)
EV
$5B
Itron Financials
Itron reported last 12-month revenue of $2B and EBITDA of $377M.
In the same LTM period, Itron generated $905M in gross profit, $377M in EBITDA, and $316M in net income.
Revenue (LTM)
Itron P&L
In the most recent fiscal year, Itron reported revenue of $2B and EBITDA of $414M.
Itron expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $905M | XXX | $892M | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $377M | XXX | $414M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $316M | XXX | $301M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $228M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Itron Stock Performance
Itron has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Itron's stock price is $95.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 3.6% | XXX | XXX | XXX | $6.70 |
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Start Free TrialItron Valuation Multiples
Itron trades at 1.9x EV/Revenue multiple, and 12.0x EV/EBITDA.
EV / Revenue (LTM)
Itron Financial Valuation Multiples
As of April 3, 2026, Itron has market cap of $4B and EV of $5B.
Equity research analysts estimate Itron's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Itron has a P/E ratio of 13.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.0x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBIT | 14.2x | XXX | 14.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 5.1x | XXX | XXX | XXX |
| P/E | 13.6x | XXX | 14.2x | XXX | XXX | XXX |
| EV/FCF | 12.8x | XXX | 11.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Itron Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Itron Margins & Growth Rates
Itron's revenue in the last 12 month grew by 4%.
Itron's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Itron Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Itron Public Comps
See public comps and valuation multiples for other Energy Equipment and Test & Measurement comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CHCNav | XXX | XXX | XXX | XXX | XXX | XXX |
| AIKO Solar | XXX | XXX | XXX | XXX | XXX | XXX |
| Badger Meter | XXX | XXX | XXX | XXX | XXX | XXX |
| Renishaw | XXX | XXX | XXX | XXX | XXX | XXX |
| Sany Heavy Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Itron M&A Activity
Itron acquired XXX companies to date.
Last acquisition by Itron was on XXXXXXXX, XXXXX. Itron acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Itron
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialItron Investment Activity
Itron invested in XXX companies to date.
Itron made its latest investment on XXXXXXXX, XXXXX. Itron invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Itron
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Itron
| When was Itron founded? | Itron was founded in 1977. |
| Where is Itron headquartered? | Itron is headquartered in United States. |
| How many employees does Itron have? | As of today, Itron has over 5K employees. |
| Who is the CEO of Itron? | Itron's CEO is Thomas L. Deitrich. |
| Is Itron publicly listed? | Yes, Itron is a public company listed on Nasdaq. |
| What is the stock symbol of Itron? | Itron trades under ITRI ticker. |
| When did Itron go public? | Itron went public in 1993. |
| Who are competitors of Itron? | Itron main competitors are CHCNav, AIKO Solar, Badger Meter, Renishaw. |
| What is the current market cap of Itron? | Itron's current market cap is $4B. |
| What is the current revenue of Itron? | Itron's last 12 months revenue is $2B. |
| What is the current revenue growth of Itron? | Itron revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Itron? | Current revenue multiple of Itron is 1.9x. |
| Is Itron profitable? | Yes, Itron is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Itron? | Itron's last 12 months EBITDA is $377M. |
| What is Itron's EBITDA margin? | Itron's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Itron? | Current EBITDA multiple of Itron is 12.0x. |
| What is the current FCF of Itron? | Itron's last 12 months FCF is $353M. |
| What is Itron's FCF margin? | Itron's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Itron? | Current FCF multiple of Itron is 12.8x. |
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