Itron, Inc. ITRI

Competitive advantage analysis · technology

Corporate Default
Overall moat score
66/100
Moderate

About Itron, Inc.

Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well … Full ITRI analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 90.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Cash Generation Consistent Cash generation is consistent (score 0.76), indicating reliable business model.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.26), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
51

Where ITRI ranks in Scientific & Technical Instruments

Itron, Inc. ranks #11 of 34 scored companies in Scientific & Technical Instruments by moat score — the top 32%. The widest moat in the group is Garmin Ltd. (GRMN) at 85/100.

Moat scores for companies ranked near ITRI in Scientific & Technical Instruments
# Company Moat score Rating
7 Cognex Corporation CGNX 70/100 Moderate
8 Fortive Corporation FTV 69/100 Moderate
9 ESCO Technologies Inc. ESE 68/100 Moderate
10 Trimble Inc. TRMB 66/100 Moderate
11 Itron, Inc. ITRI 66/100 Moderate
12 Novanta Inc. NOVT 62/100 Moderate
13 Sono-Tek Corporation SOTK 62/100 Moderate
14 MKS Instruments, Inc. MKSI 60/100 Moderate
15 Electro-Sensors, Inc. ELSE 54/100 Moderate

See every General Corporate company ranked by moat score →

How ITRI scores on the Corporate Default defenses

Pricing Power

Score 51 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 82 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 72 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 77 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 54 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 61 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ITRI's moat

What is Itron, Inc.'s moat score?

Itron, Inc. (ITRI) scores 66 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #11 of 34 scored companies in Scientific & Technical Instruments, the top 32%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Scientific & Technical Instruments. Its strongest defense is Cost Advantage (82/100) and its weakest is Pricing Power (51/100).

How does Itron, Inc. compare with other Scientific & Technical Instruments companies?

Itron, Inc. ranks #11 of 34 scored companies in Scientific & Technical Instruments by moat score. The widest moat in Scientific & Technical Instruments is Garmin Ltd. (GRMN) at 84/100. The companies ranked closest are Trimble Inc. (TRMB) at 66 just above it and Novanta Inc. (NOVT) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Scientific & Technical Instruments. The defenses are then weighted to produce the overall score out of 100.

Why is Itron, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Itron, Inc.?

The Corporate Default template measures 6 defenses, and ITRI scores: Pricing Power (51), Cost Advantage (82), Customer Stickiness (72), Capital Efficiency (77), Resilience (54), Scale & Market Position (61). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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