ITRI Itron margins

Relative Growth: Rel. Growth: 16

Relative Strength: Rel. Strength: 42

Relative Valuation: Rel. Valuation: 69

Relative Profitability: Rel. Profitability: 65

Gross margin

39.9%

Operating margin

13.2%

EBITDA margin

18.2%

Net margin

11.9%

Current Itron reports a gross margin of 39.9%, an operating margin of 13.2%, an EBITDA margin of 18.2%, and a net margin of 11.9%. All measured margins increased year over year, led by gross margin with an increase of 4.5 percentage points.

ITRI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Itron's margins averaged 35.61% gross, 11% operating, 15.36% EBITDA, and 9.79% net. All four current margins are above their three-year averages.

ITRI margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by gross margin with an increase of 4.5 percentage points.

Gross margin expansion

4.5pp

Operating margin expansion

1.3pp

EBITDA margin expansion

1.3pp

Net margin expansion

0.8pp

ITRI Gross margin

Itron's gross margin averaged 35.61% over the last 3 years. Compared with its three-year average, Itron's current gross margin is 39.9% and is 4.3 percentage points above its three-year average. Over the last 3 years, Itron's gross margin peaked at 39.9% in Jun 2026 and reached a low of 32.8% in Dec 2023.

ITRI Operating margin

Throughout the last 3 years, Itron had an average operating margin of 11%. The current operating margin of 13.2% is 2.2 percentage points above its three-year average. Looking back over the last 3 years, Itron's operating margin reached 13.2% at its highest point in Jun 2026 and 6% at its lowest in Dec 2023.

ITRI EBITDA margin

Over the last 3 years, the average EBITDA margin for Itron was 15.36%. The latest EBITDA margin for Itron is 18.2%, 2.8 percentage points above its three-year average. Itron's EBITDA margin ranged from a low of 9.5% in Dec 2023 to a high of 18.2% in Jun 2026.

ITRI Net margin

Across the last 3 years, Itron's net margin came to 9.79%. The current net margin stands at 11.9%, 2.1 percentage points above its three-year average. Net margin was highest at 12.7% in Dec 2025 and lowest at 4.5% in Dec 2023.

ITRI margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 39.9%, ITRI ranks lower than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 52.2%, Itron's gross margin is 24% lower.

ITRI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Itron's gross margin?

For the period ending Jun 30, 2026, ITRI recorded a gross margin of 39.9%.

What is Itron's operating margin?

The current operating margin for ITRI is 13.2% as of Jun 30, 2026.

What is Itron's EBITDA margin?

As of Jun 30, 2026, ITRI has an EBITDA margin of 18.2%.

What is Itron's net margin?

The current net margin for ITRI is 11.9% as of Jun 30, 2026.

What are the average margins of ITRI?

Looking back over 3 years, ITRI recorded average margins of 35.6% gross, 11.0% operating, 15.4% EBITDA, and 9.8% net.

What are the highest historical margins of ITRI?

Itron's highest recorded margins during the past 5 years were 39.9% gross in Jun 2026, 13.2% operating in Jun 2026, 18.2% EBITDA in Jun 2026, and 12.7% net in Dec 2025.

What are the lowest historical margins of ITRI?

Itron's lowest recorded margins during the past 5 years were 27.5% gross in Jun 2022, -4.9% operating in Sep 2022, -2.4% EBITDA in Sep 2022, and -5.1% net in Jun 2022.