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| 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% |