Itron (ITRI) Operating Margin (2009 - 2026)
Itron (ITRI) posted Operating Margin of 11.51% for Q1 2026, down 16.33% quarter-over-quarter from 13.76% in Q4 2025, and down 104.0% year-on-year from 287.82% in Q1 2025.
Itron (ITRI) Operating Margin (2009 - 2026) Analysis & Trends
Itron (ITRI) has reported Operating Margin for 18 consecutive years, with 11.51% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 11.51%, down 104.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.49% (up 1114.0% YoY), and the FY2025 annual result was 13.23%, up 240.0% from the prior year.
- Operating Margin was 11.51% for Q1 2026 at Itron, down from 13.76% in the prior quarter.
- Over five years, Operating Margin peaked at 14738.0% in Q2 2025 and troughed at 7.76% in Q2 2022.
- Average Operating Margin over 5 years is 873.88%, with a median of 10.24% recorded in 2024.
- Year-over-year, Operating Margin sank 635 bps in 2022 and soared 1472739 bps in 2025.
- Over 5 years, Operating Margin stood at 2.65% in 2022, then jumped by 222 bps to 8.54% in 2023, then rose by 20 bps to 10.24% in 2024, then soared by 34 bps to 13.76% in 2025, then declined by 16 bps to 11.51% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 11.51% in Q1 2026, 13.76% in Q4 2025, and 16.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 3,591.32 Bn | 3,590.02 Bn | 679.95 Mn | -52.13% |
| 2 | Novanta | 69.39 Bn | 69.00 Bn | 113.58 Mn | 10.69% |
| 3 | Keysight Technologies | 57.75 Bn | 55.57 Bn | 995.00 Mn | 15.50% |
| 4 | Teledyne Technologies | 30.63 Bn | 30.33 Bn | 673.80 Mn | 18.86% |
| 5 | Fortive | 19.14 Bn | 18.79 Bn | 675.50 Mn | 17.93% |
| 6 | Trimble | 12.33 Bn | 12.10 Bn | 646.30 Mn | 15.32% |
| 7 | Cognex | 11.87 Bn | 11.58 Bn | 190.94 Mn | 22.30% |
| 8 | Sensata Technologies Holding | 6.78 Bn | 6.14 Bn | 286.30 Mn | 15.15% |
| 9 | Garmin | 4.63 Bn | 1.93 Bn | 1.04 Bn | 24.62% |
| 10 | Itron | 3.78 Bn | 3.09 Bn | 236.32 Mn | 11.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.51% |
| Dec 31, 2025 | 13.76% |
| Sep 30, 2025 | 16.22% |
| Jun 30, 2025 | 14,738.00% |
| Mar 31, 2025 | 12.55% |
| Dec 31, 2024 | 10.24% |
| Sep 30, 2024 | 12.01% |
| Jun 30, 2024 | 10.61% |
| Mar 31, 2024 | 10.41% |
| Dec 31, 2023 | 8.54% |
| Sep 30, 2023 | 9.79% |
| Jun 30, 2023 | 6.49% |
| Mar 31, 2023 | -2.10% |
| Dec 31, 2022 | 2.65% |
| Sep 30, 2022 | 1.64% |
| Jun 30, 2022 | -7.76% |
| Mar 31, 2022 | 1.43% |
| Dec 31, 2021 | -22.13% |
| Sep 30, 2021 | 0.85% |
| Jun 30, 2021 | -1.42% |