What is Itron's total cost of revenue?

Itron (ITRI) reported total cost of revenue of $350.66M in Q1 2026.

How has Itron's total cost of revenue changed year-over-year?

Itron's total cost of revenue decreased by 10.1% year-over-year, from $389.93M to $350.66M.

What is the long-term trend for Itron's total cost of revenue?

Over 4 years (2021 to 2025), Itron's total cost of revenue has grown at a 1.2% compound annual growth rate (CAGR), from $1.41B to $1.48B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Itron ITRI Total Cost of Revenue

Total Cost of Revenue at other companies

Badger MeterBMI

$117.95M-7.0%

Honeywell InternationalHON

$5.6B+2.6%

Advanced Energy IndustriesAEIS

$310.1M+22.0%

Mueller Water ProductsMWA

$239.9M+1.5%

XylemXYL

$1.32B+1.6%

FortiveFTV

$393.9M+10.8%

Segments

By segment

See full

Networked Solutions$207.59M-18.3%

Device Solutions$80.36M-8.8%

Outcomes$55.89M+16.9%

Resiliency Solutions$4.33M+2,268%

By product

See full

Service revenues$50.45M+16.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$85.5M+18.6%

CapEx$6.5M+40.7%

Free cash flow$79.0M+17.0%

Valuation

See full

Market cap$3.58B-16.8%

Enterprise value$4.47B-1.1%

P/E12.4×-4.6×

P/S1.5×-0.2×

Profitability

See full

Gross margin38.8%+4.0pp

Operating margin13%+1.6pp

Net margin12.3%+2.0pp

FCF margin16.8%+7.0pp

Returns & leverage

See full

Return on equity18.7%+0.9pp

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Reported directly by Itron in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Itron (ITRI) reported total cost of revenue of $350.66M in Q1 2026.
How has Itron's total cost of revenue changed year-over-year?: Itron's total cost of revenue decreased by 10.1% year-over-year, from $389.93M to $350.66M.
What is the long-term trend for Itron's total cost of revenue?: Over 4 years (2021 to 2025), Itron's total cost of revenue has grown at a 1.2% compound annual growth rate (CAGR), from $1.41B to $1.48B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.