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Held by 410 of 5,944 reporting institutions (96th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 10%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.0B covers the $460M due within a year 2.2× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~1.8% on $1.2B of debt.
Cash of $1.0B fully covers short-term debt of $460M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $91.38 today, the market must believe free cash flow compounds 6.9%/yr for a decade (off $230M normalized FCF).
The market's 6.9% is more conservative than its 8-yr track record.
2-stage DCF · 0.04B shares · net debt $228M
mean 271.3% · volatility σ 689% · implied rate exceeded in 5/8 yrs
Central path = implied 6.9%/yr growth; shaded band = ±1σ (689%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $100M buybacks = $100M returned on $383M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B 100.0% | $2.44B 100.0% | $2.17B 100.0% | $1.80B 100.0% | $1.98B 100.0% | $2.17B 100.0% | $2.50B 100.0% | $2.38B 100.0% | $2.02B 100.0% | $2.01B 100.0% |
| Cost of Revenue | $1.48B 62.3% | $1.60B 65.6% | $1.46B 67.2% | $1.27B 70.9% | $1.41B 71.1% | $1.57B 72.3% | $1.75B 69.9% | $1.65B 69.3% | $1.34B 66.5% | $1.35B 67.1% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.21B 59.7% | $1.24B 61.6% |
| Cost of Services | — | — | — | — | — | — | — | — | $137.5M 6.8% | $113.7M 5.6% |
| Gross Profit | $892.1M 37.7% | $839.3M 34.4% | $713.9M 32.8% | $522.2M 29.1% | $573.2M 28.9% | $602.2M 27.7% | $752.3M 30.1% | $730.3M 30.7% | $676.8M 33.5% | $662.5M 32.9% |
| Research & Development | $207.0M 8.7% | $215.0M 8.8% | $208.7M 9.6% | $185.1M 10.3% | $197.2M 10.0% | $194.1M 8.9% | $202.2M 8.1% | $207.9M 8.7% | $169.4M 8.4% | $167.8M 8.3% |
| Selling, General & Admin | $353.0M 14.9% | $339.1M 13.9% | $312.8M 14.4% | $290.5M 16.2% | $300.5M 15.2% | $276.9M 12.7% | $346.9M 13.9% | $423.2M 17.8% | $325.3M 16.1% | $319.6M 15.9% |
| Total Operating Expenses | $579.0M 24.5% | $575.2M 23.6% | $585.0M 26.9% | $529.6M 29.5% | $652.5M 32.9% | $612.6M 28.2% | $619.6M 24.8% | $780.0M 32.8% | $521.9M 25.9% | $561.5M 27.9% |
| Operating Income | $313.1M 13.2% | $264.1M 10.8% | $128.9M 5.9% | -$7.4M -0.4% | -$79.3M -4.0% | -$10.4M -0.5% | $132.7M 5.3% | -$49.7M -2.1% | $154.9M 7.7% | $101.0M 5.0% |
| Interest Expense | $22.5M 0.9% | $15.4M 0.6% | $8.3M 0.4% | $6.7M 0.4% | $28.6M 1.4% | $44.0M 2.0% | $52.5M 2.1% | $58.2M 2.4% | $13.8M 0.7% | $13.5M 0.7% |
| Interest & Investment Income | $48.4M 2.0% | $34.6M 1.4% | $9.3M 0.4% | $2.6M 0.1% | $1.6M 0.1% | $3.0M 0.1% | $1.8M 0.1% | $2.2M 0.1% | $2.1M 0.1% | $865K 0.0% |
| Other Income (Expense), net | $29.2M 1.2% | $20.4M 0.8% | -$1.5M -0.1% | -$8.3M -0.5% | -$44.5M -2.2% | -$46.2M -2.1% | -$59.7M -2.4% | -$59.5M -2.5% | -$20.3M -1.0% | -$16.4M -0.8% |
| Pretax Income | $342.3M 14.5% | $284.5M 11.7% | $127.4M 5.9% | -$15.7M -0.9% | -$123.8M -6.2% | -$56.6M -2.6% | $73.0M 2.9% | -$109.2M -4.6% | $134.6M 6.7% | $84.6M 4.2% |
| Income Tax Expense | $38.9M 1.6% | $43.4M 1.8% | $29.1M 1.3% | -$6.2M -0.3% | -$45.5M -2.3% | $238K 0.0% | $20.6M 0.8% | -$12.6M -0.5% | $74.3M 3.7% | $49.6M 2.5% |
| Net Income | $301.1M 12.7% | $239.1M 9.8% | $96.9M 4.5% | -$9.7M -0.5% | -$81.3M -4.1% | -$58.0M -2.7% | $49.0M 2.0% | -$99.3M -4.2% | $57.3M 2.8% | $31.8M 1.6% |
| Per Share | ||||||||||
| EPS (Basic) | $6.62 | $5.27 | $2.13 | $-0.22 | $-1.83 | $-1.44 | $1.24 | $-2.53 | $1.48 | $0.83 |
| EPS (Diluted) | $6.50 | $5.18 | $2.11 | $-0.22 | $-1.83 | $-1.44 | $1.23 | $-2.53 | $1.45 | $0.82 |
| Weighted Avg Shares (Basic) | 45.5M | 45.4M | 45.4M | 45.1M | 44.3M | 40.3M | 39.6M | 39.2M | 38.7M | 38.2M |
| Weighted Avg Shares (Diluted) | 46.3M | 46.2M | 45.8M | 45.1M | 44.3M | 40.3M | 40.0M | 39.2M | 39.4M | 38.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| ITRI | $4.1B | 14.1× | 11.9× | 1.7× | -3.0% | 37.7% | 12.7% | 17.5% | 10.2% | 3.4× | 410 |
Peers = companies sharing ITRI's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 29th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 69.3 | 69.9 | 72.3 | 71.1 | 70.9 | 67.2 | 65.6 | 62.3 |
| Gross Profit | 30.7 | 30.1 | 27.7 | 28.9 | 29.1 | 32.8 | 34.4 | 37.7 |
| R&D | 8.7 | 8.1 | 8.9 | 10.0 | 10.3 | 9.6 | 8.8 | 8.7 |
| SG&A | 17.8 | 13.9 | 12.7 | 15.2 | 16.2 | 14.4 | 13.9 | 14.9 |
| Operating Income | -2.1 | 5.3 | -0.5 | -4.0 | -0.4 | 5.9 | 10.8 | 13.2 |
| Income Tax | -0.5 | 0.8 | 0.0 | -2.3 | -0.3 | 1.3 | 1.8 | 1.6 |
| Net Income | -4.2 | 2.0 | -2.7 | -4.1 | -0.5 | 4.5 | 9.8 | 12.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ITRI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.