Itron Inc (ITRI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 239,105 | 96,923 | -9,732 | -81,255 | -57,955 |
| Revenue | US$ in thousands | 2,441,340 | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 |
| Net profit margin | 9.79% | 4.47% | -0.54% | -4.32% | -2.80% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $239,105K ÷ $2,441,340K
= 9.79%
Itron Inc's net profit margin has displayed fluctuations over the past five years. The company experienced negative net profit margins in December 31, 2020 (-2.80%) and December 31, 2021 (-4.32%), indicating that expenses exceeded revenues during these periods. However, the margin improved in December 31, 2022, showing a less negative value of -0.54%.
A significant turnaround was seen in December 31, 2023, with the net profit margin turning positive at 4.47%. This suggests that the company was able to effectively control costs and generate higher profits relative to its revenues. Furthermore, there was a notable increase in profitability by December 31, 2024, with the net profit margin reaching 9.79%, indicating a stronger financial performance and improved efficiency in generating profits compared to the previous years.
Overall, the trend in Itron Inc's net profit margin reflects variability in the company's ability to manage expenses and generate profits, with a notable improvement in recent years signaling positive financial health and operational efficiency.
Peer comparison
Dec 31, 2024