Itron Inc (ITRI) financials
Itron revenue and earnings by year
Itron's revenue was $2.37 billion in the fiscal year to December 31, 2025, down 3.0% from the year before. Net income was $301 million, 12.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 1.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.37 | 2.44 | 2.17 | 1.80 | 1.98 | 2.17 | 2.50 | 2.38 | 2.02 | 2.01 |
| Revenue growth | -3.0% | 12.3% | 21.1% | -9.4% | -8.8% | -13.2% | 5.3% | 17.7% | 0.2% | — |
| Gross profit | 0.89 | 0.84 | 0.71 | 0.52 | 0.57 | 0.60 | 0.75 | 0.73 | 0.68 | 0.66 |
| Gross margin | 37.7% | 34.4% | 32.8% | 29.1% | 28.9% | 27.7% | 30.1% | 30.7% | 33.5% | 32.9% |
| Operating income | 0.31 | 0.26 | 0.13 | -0.00 | -0.02 | 0.05 | 0.13 | -0.05 | 0.15 | 0.10 |
| Operating margin | 13.2% | 10.8% | 6.0% | -0.2% | -0.8% | 2.3% | 5.3% | -2.1% | 7.7% | 5.0% |
| Net income | 0.30 | 0.24 | 0.10 | -0.01 | -0.08 | -0.06 | 0.05 | -0.10 | 0.06 | 0.03 |
| Net margin | 12.7% | 9.8% | 4.5% | -0.5% | -4.1% | -2.7% | 2.0% | -4.2% | 2.8% | 1.6% |
| Diluted EPS | $6.50 | $5.18 | $2.11 | -$0.22 | -$1.83 | -$1.44 | $1.22 | -$2.57 | $1.46 | $0.82 |
| Free cash flow | 0.38 | 0.21 | 0.10 | 0.00 | 0.12 | 0.06 | 0.11 | 0.05 | 0.14 | 0.07 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ITRI in Markets.
How Itron makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Networked Solutions | $390M | 65.0% |
| Device Solutions | $102M | 16.9% |
| Outcomes | $92.2M | 15.4% |
| Resiliency Solutions | $16.1M | 2.7% |
See also: ITRI valuation and P/E history · ITRI returns
No forecast, no recommendation. This page describes Itron Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.