Itron, Inc.

ITRICIK 0000780571

Analytics Research this company

Financial snapshot

Revenue

Net income

Operating margin

Free cash flow

Total debt

Cash

Research

Filings

Open the filing explorer →

Recent filings load as you scroll to this section.

Analytical signals

How signals work →

Calculations over this company’s filings, each compared with a stated threshold. They indicate where to read more closely; they are analytical evidence, not conclusions, and none implies wrongdoing.

Pension funding

P-07 · Calculated

Threshold met

FY 2025-12-31

The funded ratio of defined-benefit plans against shareholder equity.

DB plan 12% funded — -$66M deficit (4% of equity)

Trend: flat

P-07 inputs
Input	Value
model score (0–100)	73.8
benefit_obligation	74817000
plan_assets	8777000
funded_ratio	0.1173
deficit	-66040000
deficit_vs_equity	0.0385
thresholds.elevated	<90% funded
thresholds.triggered	<80% funded or deficit >25% of equity
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Restatement indicators

P-12 · Calculated

Elevated

FY 2025-12-31

How closely reported accruals and financing patterns resemble those of companies that later restated.

F-Score 1.09 is above the 1.0 reference level (the model's unconditional rate)

Trend: flat

P-12 inputs
Input	Value
model score (0–100)	36.5
f_score	1.094
probability	0.00405
components.rsst	-0.0294
components.drec	0.0132
components.dinv	-0.0078
components.soft	0.6956
components.dcs	-0.0495
components.droa	0.0107
components.issue	1
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2025-12-31

Beneish M-Score -2.44 is below the reference levels used here

Trend: flat

How reported earnings relate to accruals and to changes in receivables, margins and asset quality.

P-01 inputs
Input	Value
model score (0–100)	30.2
m_score	-2.443
threshold	-1.78
ratios.DSRI	1.196
ratios.GMI	0.912
ratios.AQI	1.108
ratios.SGI	0.97
ratios.DEPI	1.07
ratios.SGAI	1.073
ratios.LVGI	0.932
ratios.TATA	-0.028
defaulted_to_neutral
sloan_accruals	-0.0294
inputs.revenue_t	2367194000
inputs.revenue_t1	2440837000
inputs.total_assets_t	3720707000
inputs.net_income_t	301055000
inputs.cfo_t	405952000
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Effective tax rate

P-05 · Calculated

Below threshold

FY 2025-12-31

ETR 11.4% — within normal range of statutory

Trend: flat

The gap between the effective and the statutory tax rate, and whether it persists across three years.

P-05 inputs
Input	Value
model score (0–100)	28.1
etr_by_year.2025-12-31	0.1137
etr_by_year.2024-12-31	0.1526
etr_by_year.2023-12-31	0.2282
statutory_rate	0.21
gap_by_year.2025-12-31	0.0963
gap_by_year.2024-12-31	0.0574
gap_by_year.2023-12-31	-0.0182
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Interest coverage

P-13 · Calculated

Below threshold

FY 2023-12-31

[FY2023 data, stale — no more recent EBIT figure in XBRL] Interest coverage 15.44x, at or above 1.0x

Trend: flat

Whether operating earnings cover interest expense, and for how many consecutive years they did not.

P-13 inputs
Input	Value
model score (0–100)	0.0
icr_by_year.2025-12-31	null
icr_by_year.2024-12-31	null
icr_by_year.2023-12-31	15.435
icr_by_year.2022-12-31	-1.106
consecutive_years_below_1	0
altman_z_double_prime	2.168
definitions.zombie	ICR<1 for 3+ consecutive FYs (BIS 2018)
definitions.z_distress	<1.1 distress, 1.1-2.6 gray, >2.6 safe
inputs.ebit_t	128867000
inputs.interest_expense_t	8349000
stale	true
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

No stored result for Subsidiary jurisdictions, ESG disclosure support, Insider filing timing, Language change, Strategic-review language, Carbon-exposed assets. Some signals are computed on request, and others need inputs this company’s filings do not tag; a missing result is not a finding either way.

Methodology and sources

Financial figures come from SEC XBRL company facts (annual reports). Choose any evidence marker to see the filing behind a value.
Filing text comes from SEC EDGAR. Browse this company on EDGAR ↗
Signals are calculated by Stratum from those filings. Some use AI to read filing text, and every AI claim must quote the document verbatim or it is discarded. Full methodology

More tools: chat with the 10-K · generate an investigation memo