Itron, Inc. (ITRI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 586.98M | 571.66M | 581.63M | 606.76M | 607.15M | 612.86M | 615.46M | 609.07M | 603.44M | 577.17M | 560.77M | 541.07M | 494.62M | 467.49M | 420.86M | 431.88M | 475.33M | 485.64M | 486.95M | 489.41M |
| Revenue Growth % | -3.32% | -6.72% | -5.5% | -0.38% | 0.61% | 6.18% | 9.75% | 12.57% | 22% | 23.46% | 33.24% | 25.28% | 4.06% | -3.74% | -13.57% | -11.75% | -8.52% | -7.53% | -9.86% | -3.96% |
| Cost of Goods Sold | 350.66M | 344.53M | 362.08M | 383.14M | 389.93M | 398.98M | 405.86M | 398.61M | 398.06M | 380.78M | 373.57M | 367.12M | 338.25M | 326.69M | 300.8M | 305.78M | 340.11M | 364.35M | 351.99M | 339.54M |
| COGS % of Revenue | 59.74% | 60.27% | 62.25% | 63.15% | 64.22% | 65.1% | 65.94% | 65.45% | 65.97% | 65.97% | 66.62% | 67.85% | 68.39% | 69.88% | 71.47% | 70.8% | 71.55% | 75.03% | 72.28% | 69.38% |
| Gross Profit | 236.32M | 227.13M | 219.54M | 223.62M | 217.22M | 213.88M | 209.6M | 210.46M | 205.38M | 196.39M | 187.2M | 173.95M | 156.37M | 140.8M | 120.06M | 126.11M | 135.22M | 121.29M | 134.96M | 149.88M |
| Gross Margin % | 40.26% | 39.73% | 37.75% | 36.85% | 35.78% | 34.9% | 34.06% | 34.55% | 34.03% | 34.03% | 33.38% | 32.15% | 31.61% | 30.12% | 28.53% | 29.2% | 28.45% | 24.97% | 27.72% | 30.62% |
| Gross Profit Growth % | 8.79% | 6.19% | 4.75% | 6.25% | 5.76% | 8.91% | 11.96% | 20.99% | 31.34% | 39.48% | 55.92% | 37.94% | 15.64% | 16.09% | -11.04% | -15.86% | -19.05% | -18.51% | -5.79% | 8.2% |
| Operating Expenses | 168.74M | 142.35M | 137.76M | 147.21M | 141.01M | 151.15M | 135.66M | 145.81M | 142.58M | 147.12M | 132.31M | 138.85M | 166.76M | 128.42M | 113.17M | 159.63M | 128.41M | 228.76M | 130.8M | 156.81M |
| OpEx % of Revenue | 28.75% | 24.9% | 23.69% | 24.26% | 23.22% | 24.66% | 22.04% | 23.94% | 23.63% | 25.49% | 23.59% | 25.66% | 33.72% | 27.47% | 26.89% | 36.96% | 27.01% | 47.1% | 26.86% | 32.04% |
| Selling, General & Admin | 105.36M | 89.24M | 83.14M | 88.2M | 87.48M | 86.19M | 80.2M | 88.38M | 86.53M | 82.41M | 77.1M | 79.6M | 76.04M | 79.1M | 63.98M | 73.43M | 77.01M | 78.38M | 72.79M | 75.22M |
| SG&A % of Revenue | 17.95% | 15.61% | 14.29% | 14.54% | 14.41% | 14.06% | 13.03% | 14.51% | 14.34% | 14.28% | 13.75% | 14.71% | 15.37% | 16.92% | 15.2% | 17% | 16.2% | 16.14% | 14.95% | 15.37% |
| Research & Development | 55M | 53.11M | 50.03M | 53.81M | 50.09M | 58.34M | 51.24M | 53.05M | 52.4M | 53.92M | 51.64M | 53.56M | 49.56M | 46.63M | 43.82M | 45.05M | 49.6M | 49.86M | 46.89M | 48.76M |
| R&D % of Revenue | 9.37% | 9.29% | 8.6% | 8.87% | 8.25% | 9.52% | 8.33% | 8.71% | 8.68% | 9.34% | 9.21% | 9.9% | 10.02% | 9.97% | 10.41% | 10.43% | 10.43% | 10.27% | 9.63% | 9.96% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 67.58M | 84.78M | 81.78M | 76.41M | 76.21M | 62.73M | 73.93M | 64.65M | 62.8M | 49.27M | 54.89M | 35.1M | -10.39M | 12.38M | 6.89M | -33.53M | 6.82M | -107.47M | 4.16M | -6.93M |
| Operating Margin % | 11.51% | 14.83% | 14.06% | 12.59% | 12.55% | 10.24% | 12.01% | 10.61% | 10.41% | 8.54% | 9.79% | 6.49% | -2.1% | 2.65% | 1.64% | -7.76% | 1.43% | -22.13% | 0.85% | -1.42% |
| Operating Income Growth % | -11.33% | 35.15% | 10.62% | 18.2% | 21.36% | 27.32% | 34.69% | 84.18% | 704.25% | 297.95% | 696.89% | 204.69% | -252.41% | 111.52% | 65.46% | -383.66% | -77.96% | -429.64% | 117.36% | 84.73% |
| EBITDA | 86.11M | 98.08M | 93.82M | 88.53M | 88.28M | 78.03M | 88.65M | 78.17M | 75.54M | 63.02M | 68.53M | 49.01M | 4.07M | 28.53M | 24.25M | -17.11M | 23.66M | -87.57M | 25.5M | 14.18M |
| EBITDA Margin % | 14.67% | 17.16% | 16.13% | 14.59% | 14.54% | 12.73% | 14.4% | 12.83% | 12.52% | 10.92% | 12.22% | 9.06% | 0.82% | 6.1% | 5.76% | -3.96% | 4.98% | -18.03% | 5.24% | 2.9% |
| EBITDA Growth % | -2.46% | 25.69% | 5.84% | 13.26% | 16.86% | 23.81% | 29.35% | 59.51% | 1756.12% | 120.87% | 182.63% | 386.36% | -82.8% | 132.58% | -4.89% | -220.71% | -55.15% | -252.07% | 26458.33% | 166.91% |
| D&A (Non-Cash Add-back) | 18.54M | 13.3M | 12.04M | 12.11M | 12.07M | 15.3M | 14.72M | 13.52M | 12.74M | 13.75M | 13.64M | 13.9M | 14.46M | 16.15M | 17.36M | 16.41M | 16.84M | 19.9M | 21.33M | 21.11M |
| EBIT | 67.79M | 84.78M | 96.35M | 77.06M | 75.17M | 64.83M | 73.35M | 64.52M | 62.46M | 55.58M | 53.8M | 36.06M | 25.71M | 8.81M | 5.85M | 1.13M | 2.06M | -15.83M | 6.34M | 16.89M |
| Net Interest Income | -149K | 5.23M | 7.92M | 6.66M | 6.12M | 6.59M | 7.82M | 2.84M | 1.95M | 1.48M | 197K | -469K | -239K | -527K | -878K | -1.31M | -1.38M | -1.3M | -2.28M | -13.57M |
| Interest Income | 5.66M | 10.79M | 13.57M | 12.3M | 11.71M | 12.18M | 13.42M | 5.13M | 3.85M | 3.35M | 2.64M | 1.51M | 1.82M | 1.27M | 801K | 349K | 217K | 231K | 352K | 432K |
| Interest Expense | 5.81M | 5.56M | 5.65M | 5.65M | 5.59M | 5.59M | 5.61M | 2.29M | 1.89M | 1.87M | 2.44M | 1.98M | 2.06M | 1.79M | 1.68M | 1.66M | 1.59M | 1.53M | 2.63M | 14M |
| Other Income/Expense | -596K | 1.02M | 8.92M | 7.07M | 6.07M | 7.12M | 8.49M | 2.39M | 2.42M | 192K | 843K | -802K | -1.71M | -1.6M | -1.94M | -2.7M | -2.06M | -2.05M | -4.04M | -25.73M |
| Pretax Income | 67.19M | 85.81M | 90.7M | 83.48M | 82.28M | 69.85M | 82.42M | 67.04M | 65.22M | 49.46M | 55.73M | 34.3M | -12.11M | 10.78M | 4.95M | -36.22M | 4.75M | -109.52M | 126K | -32.66M |
| Pretax Margin % | 11.45% | 15.01% | 15.59% | 13.76% | 13.55% | 11.4% | 13.39% | 11.01% | 10.81% | 8.57% | 9.94% | 6.34% | -2.45% | 2.31% | 1.18% | -8.39% | 1% | -22.55% | 0.03% | -6.67% |
| Income Tax | 13.61M | -17.2M | 24.48M | 14.73M | 16.93M | 11.28M | 3.52M | 15.18M | 13.43M | 4.55M | 15.39M | 9.2M | -70K | -11.17M | 473K | 641K | 3.86M | -51.09M | 1.14M | -216K |
| Effective Tax Rate % | 20.25% | -20.05% | 26.99% | 17.64% | 20.58% | 16.15% | 4.26% | 22.64% | 20.59% | 9.21% | 27.61% | 26.81% | 0.58% | -103.6% | 9.57% | -1.77% | 81.16% | 46.65% | 901.59% | 0.66% |
| Net Income | 53.46M | 101.63M | 65.61M | 68.34M | 65.47M | 58.11M | 77.96M | 51.32M | 51.72M | 44.39M | 40.17M | 24.2M | -11.84M | 22.21M | 4.12M | -36.97M | 906K | -58.87M | -1.87M | -33.12M |
| Net Margin % | 9.11% | 17.78% | 11.28% | 11.26% | 10.78% | 9.48% | 12.67% | 8.43% | 8.57% | 7.69% | 7.16% | 4.47% | -2.39% | 4.75% | 0.98% | -8.56% | 0.19% | -12.12% | -0.38% | -6.77% |
| Net Income Growth % | -18.35% | 74.9% | -15.84% | 33.17% | 26.59% | 30.91% | 94.06% | 112.05% | 536.98% | 99.83% | 875.76% | 165.47% | -1406.4% | 137.73% | 320.28% | -11.61% | -92.81% | -373.54% | 92.63% | 47.26% |
| Net Income (Continuing) | 53.46M | 103.01M | 66.22M | 68.75M | 65.35M | 58.57M | 78.91M | 51.86M | 51.79M | 44.91M | 40.34M | 25.1M | -12.04M | 21.95M | 4.47M | -36.87M | 896K | -58.42M | -1.01M | -32.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 21.73M | 21.6M | 20.22M | 21.12M | 20.7M | 20.83M | 20.37M | 21.13M | 20.59M | 20.52M | 20M | 23.76M | 22.86M | 23.08M | 23.34M | 22.99M | 26.67M | 26.68M | 26.24M | 25.38M |
| EPS (Diluted) | 1.18 | 2.21 | 1.41 | 1.47 | 1.42 | 1.26 | 1.70 | 1.10 | 1.12 | 0.96 | 0.87 | 0.53 | -0.27 | 0.49 | 0.09 | -0.82 | 0.02 | -1.30 | -0.04 | -0.73 |
| EPS Growth % | -16.9% | 75.4% | -17.06% | 33.64% | 26.79% | 31.25% | 95.4% | 107.55% | 514.81% | 95.92% | 858.15% | 164.63% | -1450% | 137.69% | 319.85% | -12.33% | -93.33% | -345.28% | 93.44% | 53.21% |
| EPS (Basic) | 1.20 | 2.25 | 1.43 | 1.50 | 1.44 | 1.29 | 1.73 | 1.12 | 1.13 | 0.98 | 0.88 | 0.53 | -0.27 | 0.49 | 0.09 | -0.82 | 0.02 | -1.30 | -0.04 | -0.73 |
| Diluted Shares Outstanding | 45.47M | 46.08M | 46.66M | 46.17M | 46.17M | 46.04M | 45.84M | 46.53M | 46.36M | 46.04M | 45.95M | 45.78M | 45.28M | 45.42M | 45.33M | 45.07M | 45.24M | 45.25M | 45.24M | 45.14M |
| Basic Shares Outstanding | 44.73M | 45.25M | 45.75M | 45.34M | 45.34M | 45.1M | 44.98M | 45.74M | 45.65M | 45.5M | 45.46M | 45.44M | 45.28M | 45.18M | 45.14M | 45.07M | 45.02M | 45.25M | 45.24M | 45.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |