Itron (ITRI) Gross Margin (2009 - 2026)
Itron's Gross Margin came in at 40.97% for Q2 2026, up 4.12 percentage points from 36.85% a year earlier and up 0.71 percentage points from the prior quarter.
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Analysis
Itron (ITRI) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Itron reported Gross Margin of 39.87%, up 4.48 percentage points year-over-year; for FY2025, it was 37.69%, up 3.30 percentage points from FY2024.
- Gross Margin has increased in each of the last five years, with a five-year change of +9.98 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 34.39% in FY2024 (+1.54 pp), 32.84% in FY2023 (+3.76 pp), 29.08% in FY2022 (+0.16 pp) and 28.92% in FY2021 (+1.22 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2009.
- Year-over-year, Gross Margin has increased for 16 consecutive quarters, with an average year-over-year change of +2.94 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2025 (a gain of 5.64 percentage points), and the weakest in Q1 2022 (a drop of 3.70 percentage points).
- Business Quant data shows ITRI's Gross Margin at 40.26% (Q1 2026), 40.54% (Q4 2025) and 37.75% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 334.06 Bn | 305.75 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 195.22 Bn | 189.80 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 170.77 Bn | 138.86 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 148.39 Bn | 145.58 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 119.49 Bn | 117.61 Bn | 2.25 Bn | 39.04% |
| 6 | Emerson Electric | 89.58 Bn | 82.32 Bn | 2.66 Bn | 54.48% |
| 7 | 3M | 88.93 Bn | 70.33 Bn | 2.68 Bn | 41.28% |
| 8 | Illinois Tool Works | 78.81 Bn | 75.37 Bn | 1.90 Bn | 44.13% |
| 9 | Vertiv Holdings | 78.25 Bn | 68.87 Bn | 1.23 Bn | 37.71% |
| 10 | Itron | 3.73 Bn | -81.31 Mn | 230.64 Mn | 40.97% |
Historic Data
Download Data
Historic 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% |
API Access
Itron Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ITRI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ITRI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ITRI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();