Itron Inc (ITRI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 128,867 | -7,439 | -79,299 | -10,395 | 132,683 |
| Revenue | US$ in thousands | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 | 2,450,020 |
| Operating profit margin | 5.94% | -0.42% | -4.21% | -0.50% | 5.42% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $128,867K ÷ $2,167,720K
= 5.94%
The operating profit margin of Itron Inc. has fluctuated over the past five years. In 2023, the operating profit margin improved significantly to 7.98%, showing a strong performance compared to the previous year. This increase indicates that the company was able to generate a higher percentage of operating profit relative to its revenue in 2023.
In contrast, the operating profit margin was relatively low at 1.17% in 2022, which suggests that the company faced challenges in controlling its operating expenses or generating sufficient revenue to cover its costs. The margin then increased to 2.00% in 2021, showing a slight improvement from the previous year.
The highest operating profit margin during this period was 5.55% in 2019, indicating that the company was more efficient in managing its operating expenses and generating profit from its operations. However, there was a decline in the margin in subsequent years, with 2020 and 2021 showing lower figures.
Overall, the trend in Itron Inc.'s operating profit margin indicates fluctuations in the company's ability to generate profit from its core operations. Investors and stakeholders may want to further investigate the factors contributing to these fluctuations to assess the company's operational efficiency and profitability prospects.
Peer comparison
Dec 31, 2023