Itron Inc (ITRI)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 839,317 | 821,827 | 799,432 | 762,919 | 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 |
| Revenue (ttm) | US$ in thousands | 2,441,973 | 2,396,573 | 2,345,043 | 2,277,357 | 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 |
| Gross profit margin | 34.37% | 34.29% | 34.09% | 33.50% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $839,317K ÷ $2,441,973K
= 34.37%
Itron Inc's gross profit margin has shown fluctuation over the past few years, starting at around 30% in March 2020, decreasing to a low of around 28% in September 2020, and then gradually increasing again to around 34% by December 2024. This improvement in gross profit margin indicates that the company has been able to effectively manage its production costs and maintain healthy profitability levels. The consistent upward trend in the gross profit margin reflects positively on the company's operational efficiency and ability to generate profits from its core business activities. It signifies that Itron Inc has been successful in controlling its direct costs of goods sold and optimizing its pricing strategies to enhance profitability.
Peer comparison
Dec 31, 2024