Itron vs Ralliant
Itron and Ralliant are similar in size: $2.37bn and $2.07bn of revenue in their latest fiscal years. Itron grew faster (-3.0% against -4.0%). Itron kept more of each dollar of sales as profit: a net margin of 12.7% against -59.1%. Ralliant carries less debt relative to equity (70.4% against 73.7%).
| Latest fiscal year | ItronITRI, 2025 | RalliantRAL, 2025 |
|---|---|---|
| Revenue | $2.37bn | $2.07bn |
| Revenue growth | -3.0% | -4.0% |
| Net income | $301m | −$1.22bn |
| Operating margin | 13.2% | -57.2% |
| Net margin | 12.7% | -59.1% |
| Return on equity | 19.4% | -45.3% |
| Free cash flow | $383m | $358m |
| Cash | $1.02bn | $319m |
| Total debt | $1.26bn | $1.15bn |
| Debt to equity | 73.7% | 70.4% |
| Dividend per share | — | $0.10 |
| Dividend yield | — | 0.3% |
| Share buybacks | $100m | — |
| Employees | 5,550 | — |
| Market value | $4.37bn | $7.33bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 50 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 82 sales | 6 buys, 7 sales |