Itron (ITRI) Cost of Revenue (2009 - 2026)
Itron (ITRI) reported Cost of Revenue of $350.7 million for Q1 2026, down 10.07% on a YoY basis from $389.9 million in Q1 2025, and up 3.16% quarter-over-quarter from $339.9 million in Q4 2025.
Itron (ITRI) Cost of Revenue (2009 - 2026) Analysis & Trends
Itron has reported Cost of Revenue for 18 years, with the latest figure at $350.7 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 10.07% year-over-year to $350.7 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (down 36.7% YoY), and the FY2025 full-year result was $1.5 billion, down 7.9% from the prior year.
- Cost of Revenue for Q1 2026 stood at $350.7 million, up from $339.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $405.9 million in Q3 2024, with the low at $79.2 million in Q2 2025.
- Historically, Cost of Revenue has averaged $337.2 million across 5 years, with a median of $350.7 million in 2026.
- Annual changes were most pronounced in 2023 — Cost of Revenue climbed 24.19% — and 2025, when it plunged 80.14%.
- Itron's Cost of Revenue stood at $326.7 million in 2022, then rose by 16.56% to $380.8 million in 2023, then climbed by 4.78% to $399.0 million in 2024, then declined by 14.8% to $339.9 million in 2025, then gained by 3.16% to $350.7 million in 2026.
- The last three Cost of Revenue figures came in at $350.7 million (Q1 2026), $339.9 million (Q4 2025), and $238.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.26 Bn | 65.96 Bn | 679.95 Mn | 1.13 Bn |
| 2 | Keysight Technologies | 55.85 Bn | 53.67 Bn | 995.00 Mn | 605.00 Mn |
| 3 | Garmin | 44.69 Bn | 41.99 Bn | 1.04 Bn | 711.20 Mn |
| 4 | Teledyne Technologies | 27.94 Bn | 27.64 Bn | 673.80 Mn | 886.30 Mn |
| 5 | Mks | 21.31 Bn | 20.74 Bn | 507.00 Mn | 571.00 Mn |
| 6 | Fortive | 18.59 Bn | 18.25 Bn | 675.50 Mn | 393.90 Mn |
| 7 | Trimble | 11.88 Bn | 11.64 Bn | 646.30 Mn | 293.60 Mn |
| 8 | Cognex | 9.78 Bn | 9.48 Bn | 190.94 Mn | 77.50 Mn |
| 9 | Esco Technologies | 7.93 Bn | 7.83 Bn | 131.32 Mn | 178.03 Mn |
| 10 | Itron | 3.57 Bn | 2.88 Bn | 236.32 Mn | 350.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 350.66 Mn |
| Mar 31, 2026 | 350.66 Mn |
| Dec 31, 2025 | 339.92 Mn |
| Dec 31, 2025 | 339.92 Mn |
| Sep 30, 2025 | 238.94 Mn |
| Sep 30, 2025 | 238.94 Mn |
| Jun 30, 2025 | 79.17 Mn |
| Jun 30, 2025 | 79.17 Mn |
| Mar 31, 2025 | 389.93 Mn |
| Mar 31, 2025 | 389.93 Mn |
| Dec 31, 2024 | 398.98 Mn |
| Dec 31, 2024 | 398.98 Mn |
| Sep 30, 2024 | 405.86 Mn |
| Sep 30, 2024 | 405.86 Mn |
| Jun 30, 2024 | 398.61 Mn |
| Jun 30, 2024 | 398.61 Mn |
| Mar 31, 2024 | 398.06 Mn |
| Mar 31, 2024 | 398.06 Mn |
| Dec 31, 2023 | 380.78 Mn |
| Dec 31, 2023 | 380.78 Mn |