What are Itron's profit margins?

Itron (ITRI) runs a 38.8% gross margin and a 13.0% operating margin, with a 12.3% net margin.

Where do Itron's ratios come from?

Every ratio is computed from Itron's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Itron ITRI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	38.8%+4.0pp	37.7%+3.3pp	36.3%+2.1pp	35.4%+1.4pp	34.8%+1.4pp
Operating margin	13%+1.6pp	13.2%+2.4pp	12.3%+1.9pp	11.8%+2.0pp	11.4%+2.5pp
Net margin	12.3%+2.0pp	12.7%+2.9pp	10.7%+1.3pp	11.1%+3.1pp	10.3%+3.3pp
EBITDA margin	15.4%+1.7pp	15.3%+2.2pp	14.5%+1.8pp	14.1%+1.9pp	13.6%+2.4pp
Free cash flow margin	16.8%+7.0pp	16.2%+7.7pp	14.2%+6.8pp	11.8%+5.5pp	9.9%+3.8pp
Returns
Return on equity	18.7%+0.9pp	19.4%+1.7pp	16.9%-0.5pp	18.9%+3.6pp	17.7%+5.1pp
Return on assets	7.7%-0.5pp	8.4%+0.5pp	7.3%-0.4pp	7.8%+1.3pp	8.2%+1.9pp
Return on invested capital	14.8%0.0pp	17.4%+3.1pp	14.4%+0.5pp	15.2%+3.1pp	14.7%+4.1pp
Efficiency
Asset turnover	0.6×-0.2×	0.7×-0.1×	0.7×-0.1×	0.7×-0.1×	0.8×-0.1×
Inventory turnover	5.5×-0.1×	5.7×0.0×	5.8×0.0×	5.5×-0.1×	5.6×+0.1×
Liquidity
Current ratio	2.7×+0.7×	1.8×-1.6×	2.2×-1.2×	2×-1.1×	1.9×0.0×
Quick ratio	2.2×+0.6×	1.6×-1.4×	1.9×-0.9×	1.8×-0.9×	1.6×+0.2×
Cash ratio	1.2×+0.1×	1×-1.0×	1.3×-0.5×	1.3×-0.5×	1.1×+0.6×
Leverage
Debt-to-equity	1×+0.1×	0.7×-0.2×	0.7×-0.2×	0.8×-0.2×	0.9×+0.5×
Debt-to-assets	0.4×0.0×	0.3×0.0×	0.3×0.0×	0.4×0.0×	0.4×+0.2×
Net debt / EBITDA	2.5×+2.0×	0.7×0.0×	-0.2×-1.1×	0.1×-1.1×	0.4×-0.3×
Interest coverage	13.4×-1.1×	13.9×-3.2×	13.2×-8.3×	12.9×-14.4×	14.5×-10.1×
Per Share
Book value per share	$35.35+9.7%	$37.06+23.1%	$36.29+23.4%	$34.78+30.6%	$32.24+9.5%
Valuation
Market capitalization	$3.97B-16.8%	$4.17B-14.9%	$5.69B+16.5%	$5.95B+31.7%	$4.77B+13.0%
Enterprise value	$4.86B-1.1%	$4.43B-13.6%	$5.63B+8.9%	$6B+23.3%	$4.92B+11.5%
Price / earnings	13.7×-5.1×	13.8×-6.6×	22.1×+0.4×	22×-2.0×	18.9×-7.4×
Price / sales	1.7×-0.3×	1.8×-0.2×	2.4×+0.3×	2.4×+0.5×	2×+0.1×
Price / book	2.5×-0.7×	2.4×-1.1×	3.4×-0.3×	3.7×0.0×	3.2×+0.1×
EV / EBITDA	13.5×-1.3×	12.2×-3.8×	16.2×-0.8×	17.5×+0.4×	14.8×-2.5×
EV / sales	2.1×+0.1×	1.9×-0.2×	2.3×+0.2×	2.5×+0.4×	2×+0.1×
Free cash flow yield	9.9%+4.9pp	9.2%+5.0pp	6%+2.4pp	4.8%+1.6pp	5%+1.8pp
Earnings yield	7.3%+2.0pp	7.2%+2.3pp	4.5%-0.1pp	4.5%+0.4pp	5.3%+1.5pp
PEG ratio	1×+0.6×	0.5×+0.4×	1.6×—	0.5×—	0.3×—

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Questions, answered.

What are Itron's profit margins?: Itron (ITRI) runs a 38.8% gross margin and a 13.0% operating margin, with a 12.3% net margin.
Where do Itron's ratios come from?: Every ratio is computed from Itron's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.