Itron vs OSI Systems
Itron reported revenue of $2.4 billion in fiscal 2025, 1.3 times OSI Systems' $1.8 billion in fiscal 2026. Itron's revenue fell 3.0% in its latest year, and OSI Systems' grew 4.2%. Itron had an operating margin of 13.2%, against 12.3% at OSI Systems. Free cash flow was $383 million at Itron and $245 million at OSI Systems. Their fiscal years end in different months (December 31 and June 30), so the periods don't line up exactly.
Side by side
| Itron | OSI Systems | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $2.4B | $1.8B |
| Revenue growth | −3.0% | 4.2% |
| Revenue growth a year, last 5 years | 1.7% | 9.3% |
| Gross margin | 37.7% | 33.2% |
| Operating margin | 13.2% | 12.3% |
| Net margin | 12.7% | 8.7% |
| Free cash flow | $383M | $245M |
| Free cash flow margin | 16.2% | 13.7% |
| Return on capital | 15.4% | 12.6% |
| Net debt to EBITDA | 0.7x | 2.5x |
| Dividends and buybacks | $100M | $272M |
| Change in diluted share count | 0.3% | 0.6% |
| Last close | $98.44 | $196.36 |
| P/E at the last close | 15.9× | 21.0× |
| Insider trades, last 12 months | sold $15.5 million | sold $16.9 million |
| Piotroski F-score | 5 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ItronOSI Systems
Operating margin
Percent of revenue
ItronOSI Systems
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ItronOSI Systems
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Itron and OSI Systems pages.