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Side-by-side financial comparison of ITRON, INC. (ITRI) and Primerica, Inc. (PRI). Click either name above to swap in a different company.

Primerica, Inc. is the larger business by last-quarter revenue ($872.7M vs $587.0M, roughly 1.5× ITRON, INC.). Primerica, Inc. runs the higher net margin — 21.8% vs 9.1%, a 12.7% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (8.4% vs -3.3%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (4.2% CAGR vs -1.8%).

Itron, Inc. is an American technology company that offers products and services for energy and water resource management. It is headquartered in Liberty Lake, Washington, United States. The company's products measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology, communications systems, software, as well as managed and consulting services.

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

ITRI vs PRI — Head-to-Head

Bigger by revenue
PRI
PRI
1.5× larger
PRI
$872.7M
$587.0M
ITRI
Growing faster (revenue YoY)
PRI
PRI
+11.8% gap
PRI
8.4%
-3.3%
ITRI
Higher net margin
PRI
PRI
12.7% more per $
PRI
21.8%
9.1%
ITRI
Faster 2-yr revenue CAGR
PRI
PRI
Annualised
PRI
4.2%
-1.8%
ITRI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ITRI
ITRI
PRI
PRI
Revenue
$587.0M
$872.7M
Net Profit
$53.6M
$190.1M
Gross Margin
40.3%
Operating Margin
11.5%
Net Margin
9.1%
21.8%
Revenue YoY
-3.3%
8.4%
Net Profit YoY
-18.0%
12.4%
EPS (diluted)
$1.18
$5.97

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ITRI
ITRI
PRI
PRI
Q1 26
$587.0M
$872.7M
Q4 25
$571.7M
$853.7M
Q3 25
$581.6M
$839.9M
Q2 25
$606.8M
$793.3M
Q1 25
$607.2M
$804.8M
Q4 24
$612.9M
$768.8M
Q3 24
$615.5M
$774.1M
Q2 24
$609.1M
$803.4M
Net Profit
ITRI
ITRI
PRI
PRI
Q1 26
$53.6M
$190.1M
Q4 25
$101.6M
$197.0M
Q3 25
$65.6M
$206.8M
Q2 25
$68.3M
$178.3M
Q1 25
$65.5M
$169.1M
Q4 24
$58.1M
$167.1M
Q3 24
$78.0M
$164.4M
Q2 24
$51.3M
$1.2M
Gross Margin
ITRI
ITRI
PRI
PRI
Q1 26
40.3%
Q4 25
40.5%
Q3 25
37.7%
Q2 25
36.9%
Q1 25
35.8%
Q4 24
34.9%
Q3 24
34.1%
Q2 24
34.6%
98.0%
Operating Margin
ITRI
ITRI
PRI
PRI
Q1 26
11.5%
Q4 25
13.8%
28.9%
Q3 25
14.1%
32.3%
Q2 25
12.6%
29.6%
Q1 25
12.6%
27.5%
Q4 24
10.2%
64.7%
Q3 24
12.0%
32.9%
Q2 24
10.6%
1.0%
Net Margin
ITRI
ITRI
PRI
PRI
Q1 26
9.1%
21.8%
Q4 25
17.8%
23.1%
Q3 25
11.3%
24.6%
Q2 25
11.3%
22.5%
Q1 25
10.8%
21.0%
Q4 24
9.5%
21.7%
Q3 24
12.7%
21.2%
Q2 24
8.4%
0.1%
EPS (diluted)
ITRI
ITRI
PRI
PRI
Q1 26
$1.18
$5.97
Q4 25
$2.20
$6.11
Q3 25
$1.41
$6.35
Q2 25
$1.47
$5.40
Q1 25
$1.42
$5.05
Q4 24
$1.26
$4.92
Q3 24
$1.70
$4.83
Q2 24
$1.10
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ITRI
ITRI
PRI
PRI
Cash + ST InvestmentsLiquidity on hand
$712.9M
$645.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
$2.5B
Total Assets
$4.0B
$14.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ITRI
ITRI
PRI
PRI
Q1 26
$712.9M
$645.8M
Q4 25
$1.0B
$756.2M
Q3 25
$1.3B
$644.9M
Q2 25
$1.2B
$621.2M
Q1 25
$1.1B
$625.1M
Q4 24
$1.1B
$687.8M
Q3 24
$982.5M
$550.1M
Q2 24
$920.6M
$627.3M
Total Debt
ITRI
ITRI
PRI
PRI
Q1 26
Q4 25
$1.3B
Q3 25
Q2 25
Q1 25
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
ITRI
ITRI
PRI
PRI
Q1 26
$1.6B
$2.5B
Q4 25
$1.7B
$2.4B
Q3 25
$1.7B
$2.3B
Q2 25
$1.6B
$2.3B
Q1 25
$1.5B
$2.3B
Q4 24
$1.4B
$2.3B
Q3 24
$1.3B
$1.9B
Q2 24
$1.2B
$2.1B
Total Assets
ITRI
ITRI
PRI
PRI
Q1 26
$4.0B
$14.7B
Q4 25
$3.7B
$15.0B
Q3 25
$3.7B
$14.8B
Q2 25
$3.6B
$14.8B
Q1 25
$3.5B
$14.6B
Q4 24
$3.4B
$14.6B
Q3 24
$3.4B
$14.8B
Q2 24
$3.3B
$14.6B
Debt / Equity
ITRI
ITRI
PRI
PRI
Q1 26
Q4 25
0.74×
Q3 25
Q2 25
Q1 25
Q4 24
0.91×
Q3 24
0.94×
Q2 24
1.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ITRI
ITRI
PRI
PRI
Operating Cash FlowLast quarter
$85.5M
Free Cash FlowOCF − Capex
$79.0M
FCF MarginFCF / Revenue
13.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$394.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ITRI
ITRI
PRI
PRI
Q1 26
$85.5M
Q4 25
$119.3M
$338.2M
Q3 25
$117.8M
$202.9M
Q2 25
$96.7M
$162.6M
Q1 25
$72.1M
$197.5M
Q4 24
$79.8M
$270.6M
Q3 24
$65.3M
$207.3M
Q2 24
$51.7M
$173.3M
Free Cash Flow
ITRI
ITRI
PRI
PRI
Q1 26
$79.0M
Q4 25
$111.5M
Q3 25
$113.4M
Q2 25
$90.7M
Q1 25
$67.5M
Q4 24
$70.2M
Q3 24
$58.7M
Q2 24
$44.6M
FCF Margin
ITRI
ITRI
PRI
PRI
Q1 26
13.5%
Q4 25
19.5%
Q3 25
19.5%
Q2 25
14.9%
Q1 25
11.1%
Q4 24
11.4%
Q3 24
9.5%
Q2 24
7.3%
Capex Intensity
ITRI
ITRI
PRI
PRI
Q1 26
Q4 25
1.4%
Q3 25
0.8%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
1.6%
Q3 24
1.1%
Q2 24
1.2%
Cash Conversion
ITRI
ITRI
PRI
PRI
Q1 26
1.60×
Q4 25
1.17×
1.72×
Q3 25
1.80×
0.98×
Q2 25
1.41×
0.91×
Q1 25
1.10×
1.17×
Q4 24
1.37×
1.62×
Q3 24
0.84×
1.26×
Q2 24
1.01×
147.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ITRI
ITRI

Product revenues$477.8M81%
Service revenues$109.2M19%

PRI
PRI

Segment breakdown not available.

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