Itron Inc (ITRI)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	713,908	522,189	573,169	602,167	752,319
Revenue	US$ in thousands	2,167,720	1,788,240	1,881,840	2,072,330	2,450,020
Gross profit margin		32.93%	29.20%	30.46%	29.06%	30.71%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $713,908K ÷ $2,167,720K
= 32.93%

The gross profit margin of Itron Inc. has shown a generally positive trend over the past five years, increasing from 30.06% in 2019 to 32.84% in 2023. This indicates that the company has been able to improve its efficiency in generating profits from its sales. The consistent growth in gross profit margin reflects better cost control, pricing strategies, and potentially more effective production processes. This trend suggests that Itron Inc. has been successful in managing its cost of goods sold relative to its revenue, which is a positive sign of operational efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Itron Inc

ITRI

32.93%

Agilent Technologies Inc