Itron (ITRI) Gross Margin (2009 - 2026)

Itron (ITRI) reported Gross Margin of 40.26% for Q1 2026, up 448.0% on a YoY basis from 7.35% in Q1 2025, and down 0.68% quarter-over-quarter from 40.54% in Q4 2025.

Itron (ITRI) Gross Margin (2009 - 2026) Analysis & Trends

Itron has reported Gross Margin for 18 years, with the latest figure at 40.26% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 448.0% year-over-year to 40.26%; the trailing twelve-month figure through Mar 2026 stood at 72.14% (up 3732.0% YoY), and the FY2025 full-year result was 37.69%, up 330.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 40.26%, down from 40.54% in the prior quarter.
  • The five-year high for Gross Margin was 27237.27% in Q2 2025, with the low at 28.45% in Q1 2022.
  • Historically, Gross Margin has averaged 1644.16% across 5 years, with a median of 34.03% in 2024.
  • Annual changes were most pronounced in 2022 — Gross Margin sank 370 bps — and 2025, when it soared 2720272 bps.
  • Itron's Gross Margin 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 dropped by 1 bps to 40.26% in 2026.
  • The last three Gross Margin figures came in at 40.26% (Q1 2026), 40.54% (Q4 2025), and 211.87% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Coherent 73.42 Bn 72.12 Bn 679.95 Mn 37.66%
2 Keysight Technologies 60.20 Bn 58.02 Bn 995.00 Mn 62.19%
3 Garmin 45.90 Bn 43.20 Bn 1.04 Bn 59.44%
4 Teledyne Technologies 28.94 Bn 28.64 Bn 673.80 Mn 43.19%
5 Mks 24.00 Bn 23.43 Bn 507.00 Mn 47.03%
6 Fortive 18.63 Bn 18.28 Bn 675.50 Mn 63.17%
7 Trimble 11.82 Bn 11.59 Bn 646.30 Mn 68.76%
8 Cognex 10.60 Bn 10.31 Bn 190.94 Mn 71.13%
9 Esco Technologies 8.14 Bn 8.05 Bn 131.32 Mn 42.45%
10 Itron 3.60 Bn 2.91 Bn 236.32 Mn 40.26%

Historic Data

Download Data
DateValue
Mar 31, 2026 40.26%
Dec 31, 2025 40.54%
Sep 30, 2025 211.87%
Jun 30, 2025 27,237.27%
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%
Jun 30, 2021 30.62%