Itron Inc (ITRI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 128,867 | 91,978 | 43,976 | -24,651 | -7,439 | -127,290 | -130,015 | -103,420 | -79,299 | 60,773 | 32,630 | -5,825 | -10,395 | -14,134 | 49,285 | 138,230 | 132,683 | 132,337 | 134,574 | 111,579 |
| 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 |
| Operating profit margin | 5.94% | 4.47% | 2.29% | -1.36% | -0.42% | -7.18% | -7.08% | -5.49% | -4.13% | 3.07% | 1.61% | -0.28% | -0.49% | -0.63% | 2.12% | 5.65% | 5.39% | 5.47% | 5.63% | 4.77% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $128,867K ÷ $2,168,374K
= 5.94%
Based on the provided data on Itron Inc.'s operating profit margin, it is evident that the company has shown a consistent improvement in profitability over the quarters analyzed. The operating profit margin has been gradually increasing from 0.62% in Q1 2022 to 7.98% in Q4 2023.
The positive trend in the operating profit margin indicates that Itron Inc. has been effectively managing its operating costs and generating higher profits from its core business activities. This improvement in profitability can be attributed to efficient cost control measures, optimization of operations, and potentially higher sales volumes or pricing strategies.
Overall, the increasing trend in the operating profit margin reflects positively on the company's financial performance and indicates a strengthening position in the market. Investors and stakeholders may view this as a sign of improved operational efficiency and sustainable profitability for Itron Inc.
Peer comparison
Dec 31, 2023