Itron Inc (ITRI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 125,991 | 88,093 | 37,123 | -32,599 | -15,928 | -136,930 | -142,253 | -139,266 | -126,767 | 4,584 | -32,025 | -56,687 | -57,717 | -64,564 | -4,223 | 81,643 | 69,623 | 68,077 | 70,675 | 49,248 |
| 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 |
| Pretax margin | 5.81% | 4.28% | 1.93% | -1.80% | -0.89% | -7.73% | -7.74% | -7.40% | -6.61% | 0.23% | -1.58% | -2.76% | -2.71% | -2.88% | -0.18% | 3.33% | 2.83% | 2.81% | 2.96% | 2.10% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $125,991K ÷ $2,168,374K
= 5.81%
The pre-tax margin of Itron Inc. has exhibited varying trends over the past eight quarters. The company reported a positive pre-tax margin in the most recent quarter, Q4 2023, at 5.86%, which indicates an improvement compared to the previous quarters. This positive trend suggests that Itron's operating efficiency and cost management may have improved in the latest period.
In contrast, in Q1 2023 and Q4 2022, the company experienced negative pre-tax margins of -1.80% and -0.88%, respectively. This could be indicative of challenges faced by the company during those periods, potentially due to higher expenses relative to revenues.
Overall, the company's pre-tax margin has shown some volatility, with fluctuations observed across different quarters. It is essential for investors and stakeholders to monitor Itron's future performance to assess whether the positive trend seen in Q4 2023 can be sustained or improved upon.
Peer comparison
Dec 31, 2023