Itron (ITRI) Tax Rate (2009 - 2026)

Itron (ITRI) reported Tax Rate of 20.25% for Q1 2026, down 32.0% on a YoY basis from 29.78% in Q1 2025, and up 144.56% quarter-over-quarter from 45.45% in Q4 2025.

Itron (ITRI) Tax Rate (2009 - 2026) Analysis & Trends

Itron has reported Tax Rate for 18 years, with the latest figure at 20.25% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 32.0% year-over-year to 20.25%; the trailing twelve-month figure through Mar 2026 stood at 4.22% (down 1133.0% YoY), and the FY2025 full-year result was 11.37%, down 388.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 20.25%, up from 45.45% in the prior quarter.
  • The five-year high for Tax Rate was 81.16% in Q1 2022, with the low at 103.6% in Q4 2022.
  • Historically, Tax Rate has averaged 9.01% across 5 years, with a median of 17.64% in 2025.
  • Annual changes were most pronounced in 2022 — Tax Rate plunged 89202 bps — and 2023, when it surged 11281 bps.
  • Itron's Tax Rate stood at 103.6% in 2022, then soared by 109 bps to 9.21% in 2023, then soared by 75 bps to 16.15% in 2024, then slumped by 381 bps to 45.45% in 2025, then soared by 145 bps to 20.25% in 2026.
  • The last three Tax Rate figures came in at 20.25% (Q1 2026), 45.45% (Q4 2025), and 26.99% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Coherent 73.42 Bn 72.12 Bn 679.95 Mn 1.45%
2 Keysight Technologies 60.20 Bn 58.02 Bn 995.00 Mn -41.92%
3 Garmin 45.90 Bn 43.20 Bn 1.04 Bn 14.27%
4 Teledyne Technologies 28.94 Bn 28.64 Bn 673.80 Mn 18.62%
5 Mks 24.00 Bn 23.43 Bn 507.00 Mn 17.65%
6 Fortive 18.63 Bn 18.28 Bn 675.50 Mn 16.63%
7 Trimble 11.82 Bn 11.59 Bn 646.30 Mn 24.68%
8 Cognex 10.60 Bn 10.31 Bn 190.94 Mn 16.28%
9 Esco Technologies 8.14 Bn 8.05 Bn 131.32 Mn 23.50%
10 Itron 3.60 Bn 2.91 Bn 236.32 Mn 20.25%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.25%
Mar 31, 2026 20.25%
Dec 31, 2025 -45.45%
Dec 31, 2025 -45.45%
Sep 30, 2025 26.99%
Sep 30, 2025 26.99%
Jun 30, 2025 17.64%
Jun 30, 2025 17.64%
Mar 31, 2025 20.58%
Mar 31, 2025 20.58%
Dec 31, 2024 16.15%
Dec 31, 2024 16.15%
Sep 30, 2024 4.26%
Sep 30, 2024 4.26%
Jun 30, 2024 22.64%
Jun 30, 2024 22.64%
Mar 31, 2024 20.59%
Mar 31, 2024 20.59%
Dec 31, 2023 9.21%
Dec 31, 2023 9.21%