Itron Inc (ITRI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 839,317 | 713,908 | 522,189 | 573,169 | 602,167 |
| Revenue | US$ in thousands | 2,441,340 | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 |
| Gross profit margin | 34.38% | 32.93% | 29.20% | 30.46% | 29.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $839,317K ÷ $2,441,340K
= 34.38%
Based on the data provided, Itron Inc's gross profit margin has shown fluctuation over the years. In 2020, the gross profit margin was 29.06%, which increased to 30.46% in 2021. However, the margin decreased slightly to 29.20% in 2022 before experiencing a remarkable increase to 32.93% in 2023 and further improvement to 34.38% in 2024.
The upward trend in gross profit margin from 2020 to 2024 indicates that Itron Inc has managed to generate more gross profit relative to its revenue, reflecting better cost control or pricing strategies. The company's ability to improve its gross profit margin suggests efficiency in managing production costs and pricing structures, which can contribute to overall profitability and financial health.
Peer comparison
Dec 31, 2024