Itron annual gross margin
2008
2009
2010
2011
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2014
2015
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2021
2022
2023
2024
2025
Itron Gross Margin Growth & History (ITRI)
Itron's gross margin was 37.69% for fiscal 2025.
View full Itron company overviewItron annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 37.69% | +3.30 pp |
| 2024 | 2024-12-31 | 34.39% | +1.54 pp |
| 2023 | 2023-12-31 | 32.84% | +3.76 pp |
| 2022 | 2022-12-31 | 29.08% | +0.16 pp |
| 2021 | 2021-12-31 | 28.92% | +1.22 pp |
| 2020 | 2020-12-31 | 27.71% | −2.36 pp |
| 2019 | 2019-12-31 | 30.06% | −0.67 pp |
| 2018 | 2018-12-31 | 30.74% | −2.80 pp |
| 2017 | 2017-12-31 | 33.53% | +0.62 pp |
| 2016 | 2016-12-31 | 32.91% | +3.35 pp |
| 2015 | 2015-12-31 | 29.56% | −1.97 pp |
| 2014 | 2014-12-31 | 31.53% | −0.19 pp |
| 2013 | 2013-12-31 | 31.72% | −1.11 pp |
| 2012 | 2012-12-31 | 32.83% | +2.17 pp |
| 2011 | 2011-12-31 | 30.67% | −0.35 pp |
| 2010 | 2010-12-31 | 31.01% | −0.84 pp |
| 2009 | 2009-12-31 | 31.85% | −2.02 pp |
| 2008 | 2008-12-31 | 33.87% | — |
Itron quarterly gross margin
Q2.09
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
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Q3.11
Q4.11
Q1.12
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Q4.12
Q1.13
Q2.13
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Q4.17
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Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
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Q2.22
Q3.22
Q4.22
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Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 40.97% | +4.12 pp |
| Q1 2026 | 2026-03-31 | 40.26% | +4.48 pp |
| Q4 2025 | 2025-12-31 | 40.54% | +5.64 pp |
| Q3 2025 | 2025-09-30 | 37.75% | +3.69 pp |
| Q2 2025 | 2025-06-30 | 36.85% | +2.30 pp |
| Q1 2025 | 2025-03-31 | 35.78% | +1.74 pp |
| Q4 2024 | 2024-12-31 | 34.90% | +0.87 pp |
| Q3 2024 | 2024-09-30 | 34.06% | +0.67 pp |
| Q2 2024 | 2024-06-30 | 34.55% | +2.41 pp |
| Q1 2024 | 2024-03-31 | 34.03% | +2.42 pp |
| Q4 2023 | 2023-12-31 | 34.03% | +3.91 pp |
| Q3 2023 | 2023-09-30 | 33.38% | +4.86 pp |
| Q2 2023 | 2023-06-30 | 32.15% | +2.95 pp |
| Q1 2023 | 2023-03-31 | 31.61% | +3.17 pp |
| Q4 2022 | 2022-12-31 | 30.12% | +5.14 pp |
| Q3 2022 | 2022-09-30 | 28.53% | +0.81 pp |
| Q2 2022 | 2022-06-30 | 29.20% | −1.42 pp |
| Q1 2022 | 2022-03-31 | 28.45% | −3.70 pp |
| Q4 2021 | 2021-12-31 | 24.97% | −3.37 pp |
| Q3 2021 | 2021-09-30 | 27.72% | +1.20 pp |
| Q2 2021 | 2021-06-30 | 30.62% | +3.44 pp |
| Q1 2021 | 2021-03-31 | 32.15% | +3.48 pp |
| Q4 2020 | 2020-12-31 | 28.34% | +0.10 pp |
| Q3 2020 | 2020-09-30 | 26.52% | −4.93 pp |
| Q2 2020 | 2020-06-30 | 27.18% | −2.93 pp |
| Q1 2020 | 2020-03-31 | 28.67% | −1.80 pp |
| Q4 2019 | 2019-12-31 | 28.24% | −1.88 pp |
| Q3 2019 | 2019-09-30 | 31.45% | −1.62 pp |
| Q2 2019 | 2019-06-30 | 30.11% | −0.03 pp |
| Q1 2019 | 2019-03-31 | 30.47% | +0.85 pp |
| Q4 2018 | 2018-12-31 | 30.12% | −1.67 pp |
| Q3 2018 | 2018-09-30 | 33.07% | −0.98 pp |
| Q2 2018 | 2018-06-30 | 30.14% | −5.30 pp |
| Q1 2018 | 2018-03-31 | 29.62% | −3.39 pp |
| Q4 2017 | 2017-12-31 | 31.79% | −0.26 pp |
| Q3 2017 | 2017-09-30 | 34.05% | +0.37 pp |
| Q2 2017 | 2017-06-30 | 35.44% | +2.36 pp |
| Q1 2017 | 2017-03-31 | 33.01% | +0.21 pp |
| Q4 2016 | 2016-12-31 | 32.05% | +1.35 pp |
| Q3 2016 | 2016-09-30 | 33.69% | +2.32 pp |
| Q2 2016 | 2016-06-30 | 33.08% | +7.90 pp |
| Q1 2016 | 2016-03-31 | 32.80% | +1.81 pp |
| Q4 2015 | 2015-12-31 | 30.70% | +0.78 pp |
| Q3 2015 | 2015-09-30 | 31.37% | +1.00 pp |
| Q2 2015 | 2015-06-30 | 25.18% | −8.14 pp |
| Q1 2015 | 2015-03-31 | 30.98% | −1.56 pp |
| Q4 2014 | 2014-12-31 | 29.92% | −2.25 pp |
| Q3 2014 | 2014-09-30 | 30.37% | +0.08 pp |
| Q2 2014 | 2014-06-30 | 33.32% | +0.22 pp |
| Q1 2014 | 2014-03-31 | 32.55% | +1.24 pp |
| Q4 2013 | 2013-12-31 | 32.17% | +0.93 pp |
| Q3 2013 | 2013-09-30 | 30.29% | −3.79 pp |
| Q2 2013 | 2013-06-30 | 33.10% | −0.87 pp |
| Q1 2013 | 2013-03-31 | 31.31% | −0.72 pp |
| Q4 2012 | 2012-12-31 | 31.24% | +1.27 pp |
| Q3 2012 | 2012-09-30 | 34.08% | +5.33 pp |
| Q2 2012 | 2012-06-30 | 33.97% | +2.63 pp |
| Q1 2012 | 2012-03-31 | 32.03% | −0.78 pp |
| Q4 2011 | 2011-12-31 | 29.97% | −0.29 pp |
| Q3 2011 | 2011-09-30 | 28.75% | −2.93 pp |
| Q2 2011 | 2011-06-30 | 31.34% | +0.66 pp |
| Q1 2011 | 2011-03-31 | 32.82% | +1.25 pp |
| Q4 2010 | 2010-12-31 | 30.26% | −1.45 pp |
| Q3 2010 | 2010-09-30 | 31.69% | −0.49 pp |
| Q2 2010 | 2010-06-30 | 30.68% | — |
| Q1 2010 | 2010-03-31 | 31.56% | — |
| Q3 2009 | 2009-09-30 | 31.71% | — |
| Q2 2009 | 2009-06-30 | 32.17% | — |
Itron gross margin trends
Over the last five reported fiscal years, Itron's gross margin increased from 27.71% to 37.69%, a change of +9.98 percentage points. The latest reported quarter, Q2 2026, shows 40.97%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Itron filings at SEC.gov ↗