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Itron ITRI Gross margin

Gross margin at other companies

Badger Meter logo
Badger MeterBMI
41.3%+0.1pp
Honeywell International logo
Honeywell InternationalHON
32.2%-1.9pp
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
38.2%+1.8pp
Mueller Water Products logo
Mueller Water ProductsMWA
37.6%+3.1pp
Xylem logo
XylemXYL
39.2%+1.4pp
Fortive logo
FortiveFTV
63.2%+0.4pp

Other financials

Income statement

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Revenue$562.9M-7.2%
Gross profit$230.6M+3.1%
Operating income$76.1M-0.5%
Net income$53.3M-22.0%
EPS (diluted)$1.19-19.0%

Balance sheet

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Cash & equivalents$745.2M-39.1%
Total debt$1.6B+25.8%
Total equity$1.6B+0.2%
Total assets$4.0B+10.2%

Cash flow

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Operating cash flow$88.1M-8.9%
CapEx$6.6M+9.8%
Free cash flow$81.5M-10.1%

Valuation

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Market cap$4.5B-21.4%
Enterprise value$5.36B-7.2%
P/E16.4×-4.8×
P/S-0.4×

Profitability

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Operating margin13.2%+1.4pp
Net margin11.9%+0.8pp
FCF margin16.7%+5.0pp

Returns & leverage

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Return on equity17%-2.0pp
Debt / equity+0.2×
Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

Based on trailing twelve months.

The source filing: Itron’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 1:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000780571-26-000178

FAQ

What is Itron's gross margin?
Itron (ITRI) reported gross margin of 39.9% in Q2 2026.
How has Itron's gross margin changed year-over-year?
Itron's gross margin increased by 12.7% year-over-year, from 35.4% to 39.9%.
What is the long-term trend for Itron's gross margin?
Over 5 years (2020 to 2025), Itron's gross margin has grown at a 6.3% compound annual growth rate (CAGR), from 27.7% to 37.7%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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