Itron Inc (ITRI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 96,923 | -9,732 | -81,255 | -57,955 | 49,006 |
| Revenue | US$ in thousands | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 | 2,450,020 |
| Net profit margin | 4.47% | -0.54% | -4.32% | -2.80% | 2.00% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $96,923K ÷ $2,167,720K
= 4.47%
The net profit margin of Itron Inc. has varied over the past five years, indicating fluctuations in its profitability relative to its revenue. In 2023, the net profit margin improved to 4.46%, marking a significant positive change compared to the negative margins seen in the two preceding years. This suggests that the company managed its expenses more effectively or increased its revenue generation in 2023. The negative net profit margins in 2021 and 2022 indicate that the company incurred more expenses than it earned in those years, leading to overall losses. In 2019, the net profit margin was 1.96%, showing a moderate level of profitability. Overall, the trend in Itron Inc.'s net profit margin indicates that the company has faced challenges in maintaining consistent profitability in recent years but has shown improvement in 2023.
Peer comparison
Dec 31, 2023