Itron (ITRI) Gross Margin (2009 - 2026)
Itron (ITRI) posted Gross Margin of 40.26% for Q1 2026, down 0.68% quarter-over-quarter from 40.54% in Q4 2025, and up 448.0% year-on-year from 7.35% in Q1 2025.
Itron (ITRI) Gross Margin (2009 - 2026) Analysis & Trends
Itron (ITRI) has reported Gross Margin for 18 consecutive years, with 40.26% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 40.26%, up 448.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 72.14% (up 3732.0% YoY), and the FY2025 annual result was 37.69%, up 330.0% from the prior year.
- Gross Margin was 40.26% for Q1 2026 at Itron, down from 40.54% in the prior quarter.
- Over five years, Gross Margin peaked at 27237.27% in Q2 2025 and troughed at 28.45% in Q1 2022.
- Average Gross Margin over 5 years is 1644.16%, with a median of 34.03% recorded in 2024.
- Year-over-year, Gross Margin tumbled 370 bps in 2022 and surged 2720272 bps in 2025.
- Over 5 years, Gross Margin stood at 30.12% in 2022, then advanced by 13 bps to 34.03% in 2023, then rose by 3 bps to 34.9% in 2024, then gained by 16 bps to 40.54% in 2025, then retreated by 1 bps to 40.26% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 40.26% in Q1 2026, 40.54% in Q4 2025, and 211.87% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 3,591.32 Bn | 3,590.02 Bn | 679.95 Mn | 37.66% |
| 2 | Novanta | 69.39 Bn | 69.00 Bn | 113.58 Mn | 44.07% |
| 3 | Keysight Technologies | 57.75 Bn | 55.57 Bn | 995.00 Mn | 62.19% |
| 4 | Teledyne Technologies | 30.63 Bn | 30.33 Bn | 673.80 Mn | 43.19% |
| 5 | Fortive | 19.14 Bn | 18.79 Bn | 675.50 Mn | 63.17% |
| 6 | Trimble | 12.33 Bn | 12.10 Bn | 646.30 Mn | 68.76% |
| 7 | Cognex | 11.87 Bn | 11.58 Bn | 190.94 Mn | 71.13% |
| 8 | Sensata Technologies Holding | 6.78 Bn | 6.14 Bn | 286.30 Mn | 30.63% |
| 9 | Garmin | 4.63 Bn | 1.93 Bn | 1.04 Bn | 59.44% |
| 10 | Itron | 3.78 Bn | 3.09 Bn | 236.32 Mn | 40.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |