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Itron ITRI Gross Profit

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Other financials

Income statement

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Revenue$562.9M-7.2%
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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Gross margin39.9%+4.5pp
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.

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

Filed
Jul 28, 2026, 1:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000780571-26-000178
In thousands, except per share dataThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Product cost of revenues280,692337,394580,901683,836
Service cost of revenues51,57045,749102,02489,239
Total cost of revenues332,262383,143682,925773,075
Gross profit230,640223,618466,959440,837
Operating expenses
Sales, general and administrative89,72287,615195,079174,526
Research and development56,14153,810111,140103,900
Amortization of intangible assets8,4784,54316,6509,022

Item 1: Financial Statements (Unaudited)

FAQ

What is Itron's gross profit?
Itron (ITRI) reported gross profit of $230.64M in Q2 2026.
How has Itron's gross profit changed year-over-year?
Itron's gross profit increased by 3.1% year-over-year, from $223.62M to $230.64M.
What is the long-term trend for Itron's gross profit?
Over 4 years (2021 to 2025), Itron's gross profit has grown at a 11.7% compound annual growth rate (CAGR), from $573.17M to $892.12M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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