Itron (ITRI) vs Novanta (NOVT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Novanta (NOVT) has outperformed Itron (ITRI) over the past year, gaining 32.7% versus a loss of 33.9%. Over five years, ITRI leads with a +12.3% price change compared with -15.6% for NOVT. Novanta is the larger company by market cap ($5.16 billion vs $3.69 billion), about 1.4 times the size.
On valuation, Itron trades at a lower forward P/E (12.0x vs 31.2x for Novanta). Itron converts more of its revenue into profit, with a net margin of 12.7% versus 5.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ITRI | NOVT |
|---|---|---|
| Share price | $84.23 | $136.33 |
| Market cap | $3.69B | $5.16B |
| 1-day change | -1.58% | -5.09% |
| YTD return | -9.29% | +14.57% |
| 1-year return | -33.95% | +32.75% |
| 5-year return | +12.32% | -15.59% |
| P/E ratio (TTM) | 14.09 | 86.28 |
| Forward P/E | 12.04 | 31.22 |
| EPS (TTM) | $5.98 | $1.58 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $2.37B | $980.60M |
| Revenue growth (YoY) | -3.02% | +3.30% |
| Net income (latest FY) | $301.06M | $53.83M |
| Gross margin | 37.69% | 44.39% |
| Operating margin | 13.23% | 9.59% |
| Net margin | 12.72% | 5.49% |
| 52-week high | $142.00 | $176.38 |
| 52-week low | $77.77 | $98.27 |
| Distance from 52-week high | -40.68% | -22.71% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +53.82% | +42.67% |
| Average volume | 745.60K | 390.69K |
| Shares outstanding | 43.79M | 37.82M |
| Employees | 4,987 | 3,000 |
| Sector | Industrials | Miscellaneous |
| Industry | Electrical Products | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NOVT has outperformed ITRI by 66.7 percentage points over the past year.
- Novanta trades at a higher earnings multiple (86.3x vs 14.1x trailing P/E).
- Itron is more profitable, keeping 12.7 cents of every revenue dollar as net income versus 5.5 cents for Novanta.
- Novanta grew revenue faster in its latest fiscal year (+3.30% vs -3.02%).
- The two companies sit in different sectors: Itron in Industrials and Novanta in Miscellaneous.
About Itron
ITRI stock →Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution.
Industrials · Electrical Products · 4,987 employees
About Novanta
NOVT stock →Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments.
Miscellaneous · Industrial Machinery/Components · 3,000 employees
ITRI vs NOVT FAQ
Which is bigger, Itron or Novanta?
Novanta (NOVT) is larger, with a market capitalization of $5.16B compared with $3.69B for Itron (ITRI).
Which stock has performed better over the past year, ITRI or NOVT?
NOVT returned +32.75% over the past 12 months, compared with -33.95% for ITRI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ITRI or NOVT?
ITRI has the lower trailing P/E at 14.1, versus 86.3 for NOVT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Itron and Novanta in the same industry?
No. Itron is in the Industrials sector, while Novanta is in Miscellaneous.