Ituran Location Financials

ITRN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Ituran Location (ITRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 81/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Ituran Location has an operating margin of 21.2%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 20.6% the prior year.

Growth

Ituran Location's revenue grew 5.1% year-over-year to $336.3M, a solid pace of expansion. This earns a growth score of 43/100.

Leverage

Ituran Location carries a low D/E ratio of 0.76, meaning only $0.76 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.22, Ituran Location holds $2.22 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Cash Flow

Ituran Location converts 18.0% of revenue into free cash flow ($60.6M). This strong cash generation earns a score of 90/100.

Returns

100

Ituran Location earns a strong 29.0% return on equity (ROE), meaning it generates $29 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 27.6% the prior year.

Altman Z-Score Safe

7.14

Ituran Location scores 7.14, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($952.7M) relative to total liabilities ($141.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

8/9

Ituran Location passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.38x

For every $1 of reported earnings, Ituran Location generates $1.38 in operating cash flow ($74.3M OCF vs $53.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$336.3M

YoY+5.1%

5Y CAGR+3.8%

10Y CAGR+6.3%

Ituran Location generated $336.3M in revenue in fiscal year 2024. This represents an increase of 5.1% from the prior year.

EBITDA

$86.0M

YoY+6.5%

5Y CAGR+16.7%

10Y CAGR+4.6%

Ituran Location's EBITDA was $86.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.5% from the prior year.

Free Cash Flow

$60.6M

YoY-3.7%

5Y CAGR+7.9%

10Y CAGR+10.3%

Ituran Location generated $60.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 3.7% from the prior year.

Net Income

$53.7M

YoY+11.5%

5Y CAGR+50.8%

10Y CAGR+5.8%

Ituran Location reported $53.7M in net income in fiscal year 2024. This represents an increase of 11.5% from the prior year.

EPS (Diluted)

$2.70

YoY+12.0%

Ituran Location earned $2.70 per diluted share (EPS) in fiscal year 2024. This represents an increase of 12.0% from the prior year.

Cash & Debt

$77.4M

YoY+44.8%

5Y CAGR+7.5%

10Y CAGR+7.2%

Ituran Location held $77.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.56

YoY+129.4%

Ituran Location paid $1.56 per share in dividends in fiscal year 2024. This represents an increase of 129.4% from the prior year.

Shares Outstanding

20M

YoY+0.0%

5Y CAGR-3.3%

10Y CAGR-1.6%

Ituran Location had 20M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

47.8%

YoY-0.1pp

5Y CAGR+1.0pp

10Y CAGR-5.6pp

Ituran Location's gross margin was 47.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

21.2%

YoY+0.6pp

5Y CAGR+13.1pp

10Y CAGR-4.0pp

Ituran Location's operating margin was 21.2% in fiscal year 2024, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin

16.0%

YoY+0.9pp

5Y CAGR+13.5pp

10Y CAGR-0.8pp

Ituran Location's net profit margin was 16.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.9 percentage points from the prior year.

Return on Equity

29.0%

YoY+1.4pp

5Y CAGR+23.6pp

10Y CAGR-4.6pp

Ituran Location's ROE was 29.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.

R&D Spending

$18.1M

YoY+6.5%

5Y CAGR+5.4%

10Y CAGR+21.8%

Ituran Location invested $18.1M in research and development in fiscal year 2024. This represents an increase of 6.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$13.6M

YoY-4.3%

5Y CAGR-5.7%

10Y CAGR-0.9%

Ituran Location invested $13.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 4.3% from the prior year.

ITRN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$336.3M+5.1%	$320.0M+9.2%	$293.1M+8.2%	$270.9M+10.3%	$245.6M-12.1%	$279.3M
Cost of Revenue	$175.6M+5.3%	$166.8M+7.3%	$155.5M+8.7%	$143.0M+10.8%	$129.1M-13.3%	$148.8M
Gross Profit	$160.6M+4.9%	$153.2M+11.3%	$137.6M+7.6%	$127.8M+9.7%	$116.5M-10.7%	$130.5M
R&D Expenses	$18.1M+6.5%	$17.0M+0.8%	$16.8M+19.5%	$14.1M+10.4%	$12.8M-8.2%	$13.9M
SG&A Expenses	$56.2M-0.7%	$56.6M+16.3%	$48.7M+5.6%	$46.1M-7.2%	$49.7M-9.9%	$55.2M
Operating Income	$71.2M+7.9%	$66.0M+12.2%	$58.8M+7.6%	$54.6M+96.2%	$27.8M+22.9%	$22.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$14.6M+9.2%	$13.4M+4.8%	$12.7M+7.5%	$11.9M+9.2%	$10.9M-11.3%	$12.2M
Net Income	$53.7M+11.5%	$48.1M+29.7%	$37.1M+8.3%	$34.3M+112.5%	$16.1M+134.0%	$6.9M
EPS (Diluted)	$2.70+12.0%	$2.41+32.4%	$1.82+10.3%	$1.65+114.3%	$0.77	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ITRN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$326.9M+2.6%	$318.7M+9.5%	$290.9M-0.7%	$293.0M-6.2%	$312.5M-7.9%	$339.2M
Current Assets	$194.6M+9.0%	$178.5M+18.5%	$150.7M-7.4%	$162.7M-9.3%	$179.4M+3.0%	$174.2M
Cash & Equivalents	$77.4M+44.8%	$53.4M+91.9%	$27.9M-44.6%	$50.3M-30.3%	$72.2M+33.8%	$54.0M
Inventory	$23.4M-12.8%	$26.9M-5.7%	$28.5M+5.1%	$27.1M+19.9%	$22.6M-11.4%	$25.5M
Accounts Receivable	$47.7M+5.1%	$45.4M-0.9%	$45.8M+4.3%	$43.9M+11.6%	$39.3M-12.7%	$45.1M
Goodwill	$39.3M-0.2%	$39.4M-0.3%	$39.5M-1.2%	$40.0M+0.3%	$39.9M-20.4%	$50.1M
Total Liabilities	$141.7M-1.8%	$144.2M-0.6%	$145.1M-9.6%	$160.6M-13.3%	$185.3M-11.7%	$209.9M
Current Liabilities	$87.7M-5.1%	$92.5M-0.5%	$93.0M-10.7%	$104.1M-7.6%	$112.7M+11.5%	$101.1M
Long-Term Debt	N/A	$592K-95.1%	$12.2M-61.2%	$31.4M-42.3%	$54.5M-19.8%	$67.9M
Total Equity	$185.2M+6.2%	$174.5M+19.7%	$145.8M+10.1%	$132.5M+4.1%	$127.2M-1.7%	$129.3M
Retained Earnings	$226.2M+11.1%	$203.6M+20.5%	$169.0M+17.9%	$143.3M+12.2%	$127.7M+9.6%	$116.5M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18
Total Assets	$326.9M+2.6%	$318.7M+9.5%	$290.9M-0.7%	$293.0M-6.2%	$312.5M-7.9%	$339.2M-9.2%	$373.8M+80.4%	$207.2M
Current Assets	$194.6M+9.0%	$178.5M+18.5%	$150.7M-7.4%	$162.7M-9.3%	$179.4M+3.0%	$174.2M-7.8%	$188.9M+41.2%	$133.8M
Cash & Equivalents	$77.4M+44.8%	$53.4M+91.9%	$27.9M-44.6%	$50.3M-30.3%	$72.2M+33.8%	$54.0M+5.0%	$51.4M+42.4%	$36.1M
Inventory	$23.4M-12.8%	$26.9M-5.7%	$28.5M+5.1%	$27.1M+19.9%	$22.6M-11.4%	$25.5M-10.0%	$28.4M+109.7%	$13.5M
Accounts Receivable	$47.7M+5.1%	$45.4M-0.9%	$45.8M+4.3%	$43.9M+11.6%	$39.3M-12.7%	$45.1M-16.9%	$54.3M+25.9%	$43.1M
Goodwill	$39.3M-0.2%	$39.4M-0.3%	$39.5M-1.2%	$40.0M+0.3%	$39.9M-20.4%	$50.1M-20.4%	$62.9M+1653.4%	$3.6M
Total Liabilities	$141.7M-1.8%	$144.2M-0.6%	$145.1M-9.6%	$160.6M-13.3%	$185.3M-11.7%	$209.9M-4.6%	$220.1M+166.3%	$82.6M
Current Liabilities	$87.7M-5.1%	$92.5M-0.5%	$93.0M-10.7%	$104.1M-7.6%	$112.7M+11.5%	$101.1M-3.5%	$104.7M+72.7%	$60.6M
Long-Term Debt	N/A	$592K-95.1%	$12.2M-61.2%	$31.4M-42.3%	$54.5M-19.8%	$67.9M-4.3%	$71.0M	N/A
Total Equity	$185.2M+6.2%	$174.5M+19.7%	$145.8M+10.1%	$132.5M+4.1%	$127.2M-1.7%	$129.3M-15.9%	$153.7M+23.4%	$124.5M
Retained Earnings	$226.2M+11.1%	$203.6M+20.5%	$169.0M+17.9%	$143.3M+12.2%	$127.7M+9.6%	$116.5M-10.1%	$129.6M	N/A

ITRN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$74.3M-3.8%	$77.2M+71.1%	$45.1M-19.1%	$55.8M-7.1%	$60.1M+0.7%	$59.7M
Capital Expenditures	$13.6M-4.3%	$14.2M-46.3%	$26.5M+59.4%	$16.6M+62.5%	$10.2M-44.1%	$18.3M
Free Cash Flow	$60.6M-3.7%	$63.0M+238.3%	$18.6M-52.5%	$39.2M-21.4%	$49.8M+20.5%	$41.4M
Investing Cash Flow	-$15.9M+7.5%	-$17.2M+37.0%	-$27.4M-47.7%	-$18.5M-61.4%	-$11.5M+37.2%	-$18.3M
Financing Cash Flow	-$31.8M+3.5%	-$32.9M+9.4%	-$36.4M+38.0%	-$58.7M-99.2%	-$29.4M+24.3%	-$38.9M
Dividends Paid	$28.1M+142.6%	$11.6M+0.8%	$11.5M-27.5%	$15.8M+58.6%	$10.0M-49.8%	$19.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ITRN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	47.8%-0.1pp	47.9%+0.9pp	46.9%-0.3pp	47.2%-0.3pp	47.4%+0.7pp	46.7%
Operating Margin	21.2%+0.6pp	20.6%+0.6pp	20.1%-0.1pp	20.2%+8.8pp	11.3%+3.2pp	8.1%
Net Margin	16.0%+0.9pp	15.0%+2.4pp	12.7%0.0pp	12.7%+6.1pp	6.6%+4.1pp	2.5%
Return on Equity	29.0%+1.4pp	27.6%+2.1pp	25.4%-0.4pp	25.9%+13.2pp	12.7%+7.3pp	5.3%
Return on Assets	16.4%+1.3pp	15.1%+2.3pp	12.8%+1.1pp	11.7%+6.5pp	5.2%+3.1pp	2.0%
Current Ratio	2.22+0.3	1.93+0.3	1.62+0.1	1.56-0.0	1.59-0.1	1.72
Debt-to-Equity	0.76+0.8	0.00-0.1	0.08-0.2	0.24-0.2	0.43-0.1	0.53
FCF Margin	18.0%-1.7pp	19.7%+13.3pp	6.3%-8.1pp	14.5%-5.8pp	20.3%+5.5pp	14.8%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.22+0.3	1.93+0.3	1.62+0.1	1.56-0.0	1.59-0.1	1.72-0.1	1.80-0.4	2.21
Debt-to-Equity	0.76+0.8	0.00-0.1	0.08-0.2	0.24-0.2	0.43-0.1	0.53+0.1	0.46-0.2	0.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ituran Location's annual revenue?

Ituran Location (ITRN) reported $336.3M in total revenue for fiscal year 2024. This represents a 5.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ituran Location's revenue growing?

Ituran Location (ITRN) revenue grew by 5.1% year-over-year, from $320.0M to $336.3M in fiscal year 2024.

Is Ituran Location profitable?

Yes, Ituran Location (ITRN) reported a net income of $53.7M in fiscal year 2024, with a net profit margin of 16.0%.

What is Ituran Location's earnings per share (EPS)?

Ituran Location (ITRN) reported diluted earnings per share of $2.70 for fiscal year 2024. This represents a 12.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Ituran Location's EBITDA?

Ituran Location (ITRN) had EBITDA of $86.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ituran Location's gross margin?

Ituran Location (ITRN) had a gross margin of 47.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ituran Location's operating margin?

Ituran Location (ITRN) had an operating margin of 21.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Ituran Location's net profit margin?

Ituran Location (ITRN) had a net profit margin of 16.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Ituran Location pay dividends?

Yes, Ituran Location (ITRN) paid $1.56 per share in dividends during fiscal year 2024.

What is Ituran Location's return on equity (ROE)?

Ituran Location (ITRN) has a return on equity of 29.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Ituran Location's free cash flow?

Ituran Location (ITRN) generated $60.6M in free cash flow during fiscal year 2024. This represents a -3.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ituran Location's operating cash flow?

Ituran Location (ITRN) generated $74.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Ituran Location's total assets?

Ituran Location (ITRN) had $326.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Ituran Location's capital expenditures?

Ituran Location (ITRN) invested $13.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Ituran Location spend on research and development?

Ituran Location (ITRN) invested $18.1M in research and development during fiscal year 2024.

How many shares does Ituran Location have outstanding?

Ituran Location (ITRN) had 20M shares outstanding as of fiscal year 2024.

What is Ituran Location's current ratio?

Ituran Location (ITRN) had a current ratio of 2.22 as of fiscal year 2024, which is generally considered healthy.

What is Ituran Location's debt-to-equity ratio?

Ituran Location (ITRN) had a debt-to-equity ratio of 0.76 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ituran Location's return on assets (ROA)?

Ituran Location (ITRN) had a return on assets of 16.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Ituran Location's Altman Z-Score?

Ituran Location (ITRN) has an Altman Z-Score of 7.14, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Ituran Location's Piotroski F-Score?

Ituran Location (ITRN) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ituran Location's earnings high quality?

Ituran Location (ITRN) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Ituran Location?

Ituran Location (ITRN) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.