Invesaro

Stocks Comparison

Itron vs Transcat: revenue, profit, margins and growth compared

Itron brought in $2.4B of revenue in fiscal 2025, Transcat $331.9M in fiscal 2026. Revenue changed by -3.0% at Itron and +19.2% at Transcat on the year before, so Transcat grew faster. Itron kept 12.7% of its revenue as net profit, Transcat 1.6%. Free cash flow was $383.1M at Itron and $19.6M at Transcat.

Side by side, latest fiscal year

ITRITRNS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 28, 2026)
Revenue$2.4B$331.9M
Revenue growth-3.0%+19.2%
Net income$301.1M$5.4M
Net margin12.7%1.6%
Free cash flow$383.1M$19.6M
Free cash flow margin16.2%5.9%
Earnings per share (diluted)$6.50$0.57
Cash$1B$4.9M
Debt$1.3B$99.9M
Price to earnings13.8153.9
Market value$3.9B$821.1M
Dividend yieldn/an/a
Rank by revenue in sector#204 of 451 · Industrials#345 of 451 · Industrials

Over the years

Revenue
ITRI FY2018: $2.4BITRI FY2019: $2.5BITRI FY2020: $2.2BITRI FY2021: $2BITRI FY2022: $1.8BITRI FY2023: $2.2BITRI FY2024: $2.4BITRI FY2025: $2.4BTRNS FY2018: $160.9MTRNS FY2019: $173.1MTRNS FY2021: $173.3MTRNS FY2022: $205MTRNS FY2023: $230.6MTRNS FY2024: $259.5MTRNS FY2025: $278.4MTRNS FY2026: $331.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ITRI $2.4BTRNS $331.9M
Net income
ITRI FY2018: -$99.3MITRI FY2019: $49MITRI FY2020: -$58MITRI FY2021: -$81.3MITRI FY2022: -$9.7MITRI FY2023: $96.9MITRI FY2024: $239.1MITRI FY2025: $301.1MTRNS FY2018: $7.1MTRNS FY2019: $8.1MTRNS FY2021: $7.8MTRNS FY2022: $11.4MTRNS FY2023: $10.7MTRNS FY2024: $13.6MTRNS FY2025: $14.5MTRNS FY2026: $5.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ITRI $301.1MTRNS $5.4M
Net margin
ITRI FY2018: -4.2%ITRI FY2019: 2.0%ITRI FY2020: -2.7%ITRI FY2021: -4.1%ITRI FY2022: -0.5%ITRI FY2023: 4.5%ITRI FY2024: 9.8%ITRI FY2025: 12.7%TRNS FY2018: 4.4%TRNS FY2019: 4.7%TRNS FY2021: 4.5%TRNS FY2022: 5.6%TRNS FY2023: 4.6%TRNS FY2024: 5.3%TRNS FY2025: 5.2%TRNS FY2026: 1.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ITRI 12.7%TRNS 1.6%
Revenue growth
ITRI FY2019: +5.3%ITRI FY2020: -13.2%ITRI FY2021: -8.8%ITRI FY2022: -9.4%ITRI FY2023: +21.1%ITRI FY2024: +12.3%ITRI FY2025: -3.0%TRNS FY2019: +7.6%TRNS FY2021: +0.1%TRNS FY2022: +18.2%TRNS FY2023: +12.5%TRNS FY2024: +12.5%TRNS FY2025: +7.3%TRNS FY2026: +19.2%FY19FY20FY21FY22FY23FY24FY25FY26
ITRI -3.0%TRNS +19.2%
Free cash flow
ITRI FY2018: $49.8MITRI FY2019: $112.1MITRI FY2020: $63.3MITRI FY2021: $120.1MITRI FY2022: $4.8MITRI FY2023: $98.1MITRI FY2024: $207.6MITRI FY2025: $383.1MTRNS FY2018: $5.6MTRNS FY2019: $5MTRNS FY2021: $17MTRNS FY2022: $7.5MTRNS FY2023: $7.5MTRNS FY2024: $19.3MTRNS FY2025: $25.8MTRNS FY2026: $19.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ITRI $383.1MTRNS $19.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Itron and Transcat

Which is bigger by revenue, Itron or Transcat?

Itron is bigger by revenue: $2.4B in fiscal 2025, against $331.9M for Transcat in fiscal 2026.

Which keeps more of its revenue as profit, Itron or Transcat?

Itron had a net margin of 12.7% in fiscal 2025; Transcat had 1.6% in fiscal 2026.

Which grew revenue faster, Itron or Transcat?

In their latest fiscal years revenue changed by -3.0% at Itron and +19.2% at Transcat.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies