What is Itron's net margin?

Itron (ITRI) reported net margin of 12.3% in Q1 2026.

How has Itron's net margin changed year-over-year?

Itron's net margin increased by 19.1% year-over-year, from 10.3% to 12.3%.

What is the long-term trend for Itron's net margin?

Over 3 years (2021 to 2025), Itron's net margin has grown at a 45.8% compound annual growth rate (CAGR), from -4.1% to 12.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Itron ITRI Net margin

Net margin at other companies

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14.6%-1.2pp

Honeywell InternationalHON

10.9%-5.2pp

Advanced Energy IndustriesAEIS

10%+5.3pp

Mueller Water ProductsMWA

14.2%+3.7pp

XylemXYL

10.8%+0.3pp

FortiveFTV

12.8%-6.7pp

Other financials

Income statement

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Revenue$587.0M-3.3%

Gross profit$236.3M+8.8%

Operating income$67.6M-11.3%

Net income$53.5M-18.4%

EPS (diluted)$1.18-16.9%

Balance sheet

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Cash & equivalents$712.9M-36.5%

Total debt$1.6B+26.5%

Total equity$1.6B+8.0%

Total assets$4.0B+13.6%

Cash flow

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Operating cash flow$85.5M+18.6%

CapEx$6.5M+40.7%

Free cash flow$79.0M+17.0%

Valuation

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Market cap$3.58B-16.8%

Enterprise value$4.47B-1.1%

P/E12.4×-4.6×

P/S1.5×-0.2×

Profitability

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Gross margin38.8%+4.0pp

Operating margin13%+1.6pp

FCF margin16.8%+7.0pp

Returns & leverage

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Return on equity18.7%+0.9pp

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

net income/total revenue=12.3%

Based on trailing twelve months.

The official record: Itron’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Itron's net margin?: Itron (ITRI) reported net margin of 12.3% in Q1 2026.
How has Itron's net margin changed year-over-year?: Itron's net margin increased by 19.1% year-over-year, from 10.3% to 12.3%.
What is the long-term trend for Itron's net margin?: Over 3 years (2021 to 2025), Itron's net margin has grown at a 45.8% compound annual growth rate (CAGR), from -4.1% to 12.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.