Itron (ITRI) Research & Development (2009 - 2026)
Itron's Research & Development came in at $56.14 million for Q2 2026, up 4.3% from $53.81 million a year earlier and up 2.1% from the prior quarter.
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Analysis
Itron (ITRI) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Itron reported Research & Development of $214.28 million, up 0.4% year-over-year; for FY2025, it came in at $207.04 million, down 3.7% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- Going back by year, Research & Development was $215.03 million in FY2024 (+3.0%), $208.69 million in FY2023 (+12.7%), $185.1 million in FY2022 (-6.2%) and $197.24 million in FY2021 (+1.6%).
- The Q2 2026 figure represents the highest quarterly Research & Development since Q4 2024.
- Year-over-year, Research & Development increased in four of the last eight quarters, with growth averaging 0.9%.
- The fastest year-over-year change in Research & Development over five years came in Q2 2023 (growth of 18.9%), and the weakest in Q4 2025 (a decline of 9.0%).
- Business Quant data shows ITRI's Research & Development at $55 million (Q1 2026), $53.11 million (Q4 2025) and $50.03 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | - |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | - |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | - |
| 10 | Itron | 3.87 Bn | 85.07 Mn | 230.64 Mn | 56.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.14 Mn |
| Mar 31, 2026 | 55.00 Mn |
| Dec 31, 2025 | 53.11 Mn |
| Sep 30, 2025 | 50.03 Mn |
| Jun 30, 2025 | 53.81 Mn |
| Mar 31, 2025 | 50.09 Mn |
| Dec 31, 2024 | 58.34 Mn |
| Sep 30, 2024 | 51.24 Mn |
| Jun 30, 2024 | 53.05 Mn |
| Mar 31, 2024 | 52.40 Mn |
| Dec 31, 2023 | 53.92 Mn |
| Sep 30, 2023 | 51.64 Mn |
| Jun 30, 2023 | 53.56 Mn |
| Mar 31, 2023 | 49.57 Mn |
| Dec 31, 2022 | 46.63 Mn |
| Sep 30, 2022 | 43.82 Mn |
| Jun 30, 2022 | 45.06 Mn |
| Mar 31, 2022 | 49.60 Mn |
| Dec 31, 2021 | 49.86 Mn |
| Sep 30, 2021 | 46.89 Mn |
API Access
Itron Research & Development 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=research-and-development&ticker=ITRI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ITRI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();