CDLR vs. ITRI

Last updated Jun 23, 2026

CDLR (Cadeler A/S) and ITRI (Itron, Inc.) are both stocks. CDLR operates in Engineering & Construction (Industrials), while ITRI operates in Scientific & Technical Instruments (Technology). Over the past year, CDLR returned 9.40% vs -36.03% for ITRI. At a 0.24 correlation, their price movements are largely independent.

Performance

CDLR vs. ITRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cadeler A/S (CDLR) and Itron, Inc. (ITRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDLR achieves a 22.65% return, which is significantly higher than ITRI's -11.95% return.

CDLR

• 1D: 5.17%
• 1M: -14.64%
• YTD: 22.65%
• 6M: 22.84%
• 1Y: 9.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITRI

• 1D: 1.18%
• 1M: -1.52%
• YTD: -11.95%
• 6M: -14.46%
• 1Y: -36.03%
• 3Y*: 6.27%
• 5Y*: -3.36%
• 10Y*: 6.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDLR vs. ITRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDLR Cadeler A/S	22.65%	-16.75%	21.36%	7.60%
ITRI Itron, Inc.	-11.95%	-14.48%	43.80%	1.61%

Correlation

The correlation between CDLR and ITRI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.24

Fundamentals

EPS CDLR : €4.03 ITRI : $6.27
PE Ratio CDLR : 4.95 ITRI : 13.04
PEG Ratio CDLR : 0.03 ITRI : 0.23
PS Ratio CDLR : 1.98 ITRI : 1.61
Total Revenue (TTM) CDLR : €678.04M ITRI : $2.35B
Gross Profit (TTM) CDLR : €388.61M ITRI : $906.61M
EBITDA (TTM) CDLR : €452.80M ITRI : $363.22M

Return for Risk

CDLR vs. ITRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDLR

CDLR Risk / Return Rank: 49
CDLR Sharpe Ratio Rank: 51
CDLR Sortino Ratio Rank: 47
CDLR Omega Ratio Rank: 45
CDLR Calmar Ratio Rank: 50
CDLR Martin Ratio Rank: 51

ITRI

ITRI Risk / Return Rank: 9
ITRI Sharpe Ratio Rank: 7
ITRI Sortino Ratio Rank: 10
ITRI Omega Ratio Rank: 8
ITRI Calmar Ratio Rank: 10
ITRI Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDLR vs. ITRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadeler A/S (CDLR) and Itron, Inc. (ITRI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CDLR	ITRI	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-0.91	+1.14
Sortino ratio: Return per unit of downside risk	0.64	-1.11	+1.74
Omega ratio: Gain probability vs. loss probability	1.07	0.84	+0.24
Calmar ratio: Return relative to maximum drawdown	0.32	-0.83	+1.15
Martin ratio: Return relative to average drawdown	0.78	-1.34	+2.12

CDLR vs. ITRI - Sharpe Ratio Comparison

The current CDLR Sharpe Ratio is 0.24, which is higher than the ITRI Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of CDLR and ITRI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDLR vs. ITRI - Drawdown Comparison

The maximum CDLR drawdown since its inception was -43.81%, smaller than the maximum ITRI drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for CDLR and ITRI.

Drawdown Indicators

	CDLR	ITRI	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-94.36%	+50.55%
Max Drawdown (1Y) Largest decline over 1 year	-29.34%	-43.64%	+14.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-43.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-58.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.26%	—
Current Drawdown Current decline from peak	-22.89%	-40.93%	+18.04%
Average Drawdown Average peak-to-trough decline	-16.52%	-46.57%	+30.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.08%	26.94%	-14.86%

Volatility

CDLR vs. ITRI - Volatility Comparison

Cadeler A/S (CDLR) has a higher volatility of 10.49% compared to Itron, Inc. (ITRI) at 7.73%. This indicates that CDLR's price experiences larger fluctuations and is considered to be riskier than ITRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDLR	ITRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	7.73%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	29.68%	25.89%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	39.98%	39.91%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.76%	42.80%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.76%	43.29%	-5.53%

Dividends

CDLR vs. ITRI - Dividend Comparison

Neither CDLR nor ITRI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

CDLR vs. ITRI - Profitability Comparison

The chart below illustrates the profitability comparison between Cadeler A/S and Itron, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CDLR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadeler A/S reported a gross profit of 26.76M and revenue of 124.73M. Therefore, the gross margin over that period was 21.5%.

ITRI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Itron, Inc. reported a gross profit of 236.32M and revenue of 586.98M. Therefore, the gross margin over that period was 40.3%.

CDLR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadeler A/S reported an operating income of 7.79M and revenue of 124.73M, resulting in an operating margin of 6.2%.

ITRI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Itron, Inc. reported an operating income of 67.58M and revenue of 586.98M, resulting in an operating margin of 11.5%.

CDLR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadeler A/S reported a net income of -7.05M and revenue of 124.73M, resulting in a net margin of -5.7%.

ITRI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Itron, Inc. reported a net income of 53.46M and revenue of 586.98M, resulting in a net margin of 9.1%.

Frequently Asked Questions

Can I hold both CDLR and ITRI in my portfolio?

CDLR and ITRI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDLR or ITRI?

CDLR has higher volatility (10.49%) compared to ITRI (7.73%). In terms of maximum drawdown, CDLR dropped -43.81% vs ITRI's -94.36%.

Which has better risk-adjusted returns?

CDLR currently has the higher Sharpe Ratio (0.24 vs -0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.