Itron, Inc.

ITRI Technology Scientific & Technical Instruments

Itron, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, down 3.02% from fiscal 2024.

Revenue
+3.04%
EPS
+13.8%
Free cash flow
−15.8%
Total debt
+26.5%

Quarter to September 2026, against a year earlier

101.54 3.32 +3.38%
Market cap
$4.3B
P/E
15.6×
Fwd P/E
17.4×
Dividend yield
—
F-score
6/9
Altman Z
2.50
Beneish M
−2.55
Dividend safety
n/a

Itron, Inc. (ITRI) Operating margin

Alert me on Operating margin

Itron, Inc.'s operating margin over the twelve months to 30 September 2026 was 13.7%, up 0.5 percentage points from fiscal 2025 (13.2%). Over the past ten years it has ranged from −4.00% (fiscal 2021) to 13.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Scientific & Technical Instruments industry median of 8.96% and above the Technology sector median of 0.31%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.2% 2.41
FY2024 10.8% 4.89
FY2023 5.93% 6.34
FY2022 −0.41% 3.59
FY2021 −4.00% (3.52)
FY2020 −0.48% (5.78)
FY2019 5.30% 7.39
FY2018 −2.09% (9.76)
FY2017 7.67% 2.65
FY2016 5.02% 2.21

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.9% 2.42
Jun 2026 13.5% 2.00
Mar 2026 11.5% (2.25)
Dec 2025 13.8% (0.30)
43 more quarters

Against its own ten years

Low −4.00% High 13.2%
Ten-year median 5.02%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
CGNX Cognex Corporation compare 21.9%
VNT Vontier Corporation compare 18.8%
BMI Badger Meter, Inc. compare 18.8%
TRMB Trimble Inc. compare 17.0%
MKSI MKS Inc. compare 15.7%
ESE ESCO Technologies Inc. compare 15.7%
ST Sensata Technologies Holding N.V. compare 15.1%
ITRI Itron, Inc. 13.7%
NOVT Novanta Inc. compare 8.96%
Scientific & Technical Instruments industry median 8.96%
Technology sector median 0.31%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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