Itron, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B | $2.44B | $2.17B | $1.80B | $1.98B | $2.17B | $2.50B | $2.38B |
| Cost of Revenue | $1.48B | $1.60B | $1.46B | $1.27B | $1.41B | $1.57B | $1.75B | $1.65B |
| Gross Profit | $892.1M | $839.3M | $713.9M | $522.2M | $573.2M | $602.2M | $752.3M | $730.3M |
| Gross Margin | 37.7% | 34.4% | 32.8% | 29.1% | 28.9% | 27.7% | 30.1% | 30.7% |
| Operating Expenses | ||||||||
| Research & Development | $207.0M | $215.0M | $208.7M | $185.1M | $197.2M | $194.1M | $202.2M | $207.9M |
| SG&A Expense | $353.0M | $339.1M | $312.8M | $290.5M | $300.5M | $276.9M | $346.9M | $423.2M |
| Operating Income | $313.1M | $264.1M | $128.9M | $-7.4M | $-79.3M | $-10.4M | $132.7M | $-49.7M |
| Operating Margin | 13.2% | 10.8% | 5.9% | -0.4% | -4.0% | -0.5% | 5.3% | -2.1% |
| Interest Expense | — | — | $8.3M | $6.7M | $28.6M | $44.0M | $52.5M | $58.2M |
| Pretax Income | $342.3M | $284.5M | $127.4M | $-15.7M | $-123.8M | $-56.6M | $73.0M | $-109.2M |
| Income Tax Expense | $38.9M | $43.4M | $29.1M | $-6.2M | $-45.5M | $238.0K | $20.6M | $-12.6M |
| Net Income | $301.1M | $239.1M | $96.9M | $-9.7M | $-81.3M | $-58.0M | $49.0M | $-99.3M |
| Net Margin | 12.7% | 9.8% | 4.5% | -0.5% | -4.1% | -2.7% | 2.0% | -4.2% |
| EPS (Basic) | $6.62 | $5.27 | $2.13 | $-0.22 | $-1.83 | $-1.44 | $1.24 | $-2.53 |
| EPS (Diluted) | $6.50 | $5.18 | $2.11 | $-0.22 | $-1.83 | $-1.44 | $1.23 | $-2.53 |
| Shares Outstanding (Basic) | 45.5M | 45.4M | 45.4M | 45.1M | 44.3M | 40.3M | 39.6M | 39.2M |
| Shares Outstanding (Diluted) | 46.3M | 46.2M | 45.8M | 45.1M | 44.3M | 40.3M | 40.0M | 39.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |