Itron (ITRI) Gross Margin (2009 - 2026)
Itron's (ITRI) quarterly Gross Margin came in at 40.97% in Q2 2026, up 412.0% YoY from 8.0% in Q2 2025, and up 1.77% on a QoQ basis from 40.26% in Q1 2026.
Itron (ITRI) Gross Margin (2009 - 2026) Analysis & Trends
Itron (ITRI) has 18 years of Gross Margin data on file, last reported at 40.97% in Q2 2026.
- Quarterly Gross Margin rose 412.0% year-over-year to 40.97% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 39.87% (up 448.0% YoY) and the FY2025 annual result came in at 37.69%, up 330.0% from the prior year.
- Gross Margin improved to 40.97% in Q2 2026, from 40.26% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 40.97% in Q2 2026 to a low of 28.45% in Q1 2022.
- A 5-year average of 34.29% and a median of 34.04% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 370 bps — and 2025, when it soared 564 bps.
- Tracing ITRI's Gross Margin over 5 years: stood at 30.12% in 2022, then increased by 13 bps to 34.03% in 2023, then climbed by 3 bps to 34.9% in 2024, then grew by 16 bps to 40.54% in 2025, then increased by 1 bps to 40.97% in 2026.
- The last three Gross Margin figures came in at 40.97% (Q2 2026), 40.26% (Q1 2026), and 40.54% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 62.41% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 68.61% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 38.48% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 44.40% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 47.68% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 63.39% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 69.43% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 70.65% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 41.74% |
| 10 | Itron | 4.41 Bn | 3.67 Bn | 230.64 Mn | 40.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.97% |
| Mar 31, 2026 | 40.26% |
| Dec 31, 2025 | 40.54% |
| Sep 30, 2025 | 37.75% |
| Jun 30, 2025 | 36.85% |
| Mar 31, 2025 | 35.78% |
| Dec 31, 2024 | 34.90% |
| Sep 30, 2024 | 34.06% |
| Jun 30, 2024 | 34.55% |
| Mar 31, 2024 | 34.03% |
| Dec 31, 2023 | 34.03% |
| Sep 30, 2023 | 33.38% |
| Jun 30, 2023 | 32.15% |
| Mar 31, 2023 | 31.61% |
| Dec 31, 2022 | 30.12% |
| Sep 30, 2022 | 28.53% |
| Jun 30, 2022 | 29.20% |
| Mar 31, 2022 | 28.45% |
| Dec 31, 2021 | 24.97% |
| Sep 30, 2021 | 27.72% |