Itron Inc (ITRI)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 713,908 | 658,316 | 591,175 | 543,333 | 522,189 | 502,678 | 517,579 | 541,349 | 573,169 | 600,715 | 609,003 | 597,645 | 602,167 | 630,772 | 683,925 | 736,622 | 752,319 | 751,671 | 752,364 | 737,727 |
| Revenue (ttm) | US$ in thousands | 2,168,374 | 2,058,238 | 1,919,092 | 1,810,221 | 1,789,196 | 1,772,212 | 1,837,352 | 1,882,538 | 1,918,727 | 1,982,641 | 2,027,694 | 2,050,196 | 2,129,627 | 2,242,805 | 2,325,037 | 2,448,668 | 2,462,571 | 2,421,232 | 2,391,417 | 2,341,121 |
| Gross profit margin | 32.92% | 31.98% | 30.80% | 30.01% | 29.19% | 28.36% | 28.17% | 28.76% | 29.87% | 30.30% | 30.03% | 29.15% | 28.28% | 28.12% | 29.42% | 30.08% | 30.55% | 31.04% | 31.46% | 31.51% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $713,908K ÷ $2,168,374K
= 32.92%
Itron Inc.'s gross profit margin has shown a consistent upward trend over the past eight quarters, increasing from 27.53% in Q2 2022 to 32.84% in Q4 2023. This indicates that the company has been effectively managing its cost of goods sold and generating higher margins on its products or services. The steady improvement in gross profit margin suggests that Itron Inc. is becoming more efficient in its production processes or pricing strategies, resulting in improved profitability. It is essential for the company to continue monitoring and maintaining this positive trend to sustain its financial health and competitiveness in the industry.
Peer comparison
Dec 31, 2023