Itron Inc (ITRI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 125,991 | -15,928 | -126,767 | -57,717 | 69,623 |
| Revenue | US$ in thousands | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 | 2,450,020 |
| Pretax margin | 5.81% | -0.89% | -6.74% | -2.79% | 2.84% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $125,991K ÷ $2,167,720K
= 5.81%
The pretax margin of Itron Inc. has shown fluctuations over the past five years. In 2023, the pretax margin improved significantly to 5.86%, reflecting stronger profitability compared to the previous year. The company reversed the negative trend observed in 2022, where the pretax margin was -0.88%. In 2021 and 2020, the pretax margins were notably negative at -6.25% and -2.61%, indicating challenges in generating profits before accounting for taxes. However, in 2019, Itron Inc. achieved a positive pretax margin of 2.92%, suggesting profitability and efficiency in operations. Overall, the trend in pretax margin for Itron Inc. demonstrates variability in profitability performance over the past five years.
Peer comparison
Dec 31, 2023