ITRI
Itron, Inc.
ITRI has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over ITRI overall, supported by stronger fundamentals and stronger modeled upside.
ITRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
ITRI's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
ITRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $96.41 | — |
| Current | 16x | $96.41 | — |
| Cheap | 17x | $104 | +7.7% |
| Fair | 25x | $155 | +61% |
| Expensive | 58x | $357 | +270% |
Historical ranges are pointers, not guarantees.
ITRI's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over ITRI in the historical PE scenario, which offers more potential upside but is not a forecast.
ITRI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for ITRI, with profitability holding steady. However, they disagree widely on these estimates.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over ITRI on the outlook, with more favorable profitability expectations.
ITRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.78 | +9.7% |
| Q3 2026 | $6.18 | +11% |
| Q2 2026 | $5.98 | +2.2% |
| Q1 2026 | $6.26 | +14% |
| Q4 2025 | $6.50 | +25% |
| Q3 2025 | $5.56 | +14% |
| Q2 2025 | $5.85 | +44% |
| Q1 2025 | $5.48 | +57% |
| Q4 2024 | $5.18 | +145% |
ITRI's earnings per share have climbed steadily: $6.18 over the past year, up 11% from the year before, and higher year over year for 16 quarters in a row.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over ITRI in the latest year-over-year earnings comparison.
ITRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $599.3M | +3% |
| Q2 2026 | $562.9M | -7.2% |
| Q1 2026 | $587M | -3.3% |
| Q4 2025 | $571.7M | -6.7% |
| Q3 2025 | $581.6M | -5.5% |
| Q2 2025 | $606.8M | -0.4% |
| Q1 2025 | $607.2M | +0.6% |
| Q4 2024 | $612.9M | +6.2% |
ITRI's revenue has held roughly level: $599M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +1.9 points |
| Q2 2026 | 14% | +0.9 points |
| Q1 2026 | 12% | -1 points |
| Q4 2025 | 14% | +3.5 points |
| Q3 2025 | 14% | +2.1 points |
| Q2 2025 | 13% | +2 points |
| Q1 2025 | 13% | +2.1 points |
| Q4 2024 | 10% | +1.7 points |
ITRI's operating margin was 16% last quarter, up 1.9 points from the same quarter a year ago, near the top of its range since 2019.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over ITRI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over ITRI on profitability, with a higher operating margin.
ITRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $95.5M | -16% |
| Q2 2026 | $81.5M | -10% |
| Q1 2026 | $79M | +17% |
| Q4 2025 | $111.5M | +59% |
| Q3 2025 | $113.4M | +93% |
| Q2 2025 | $90.7M | +103% |
| Q1 2025 | $67.5M | +98% |
| Q4 2024 | $70.2M | +78% |
ITRI generated $368M in free cash flow over the past year, up 7.5% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over ITRI on cash flow, with more consistent year-over-year improvement.
ITRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -197K shares |
| 1 year | -4.8% | -2.2M shares |
| 3 years | -3.3% | -1.5M shares |
| 5 years | -1.8% | -829K shares |
| Available history | +11% | +4.4M shares |
ITRI has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $52.2M |
| Q1 2026 | $100M |
| Q4 2025 | $100M |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
ITRI spent $252M buying back its own shares over the past year.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
ITRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.6x | Very low |
ITRI's net debt is about 1.9 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over ITRI on leverage, with a lower net debt burden relative to earnings.
ITRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.3 | Neutral |
| Stochastic | 62.0 | Neutral |
ITRI's weekly RSI is 55 (neutral) and its Stochastic is 62 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
ITRI PE vs Technology Sector
| Metric | ITRI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 28x | 44% below |
| PE % | 13 | 35 | 22 pts below |
ITRI is trading at 16x earnings, a 44% discount to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over ITRI on valuation relative to its sector.
ITRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.4 | 6.6% above |
| 20 week MA | $92.4 | 4.4% above |
| 50 week MA | $91.5 | 5.3% above |
| 100 week MA | $102.9 | 6.3% below |
| 200 week MA | $92.0 | 4.8% above |
ITRI has stronger trend alignment. ITRI is above 4 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
ITRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $83.8 | $93.9 | +12% |
| 2021 | $93.9 | $66.6 | -29% |
| 2022 | $66.6 | $49.6 | -26% |
| 2023 | $49.6 | $75.5 | +52% |
| 2024 | $75.5 | $109.2 | +45% |
| 2025 | $109.2 | $96.5 | -12% |
| 2026 YTD | $96.5 | $96.4 | -0.1% |
ITRI has finished lower in three of the last six years. It's roughly flat so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over ITRI on returns for 2026, with the stronger performance.