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
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%