Itron, Inc. (ITRI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ITRI Revenue Growth
Revenue Breakdown (FY 2025)
ITRI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ITRI Revenue Analysis (2014–2025)
As of May 6, 2026, Itron, Inc. (ITRI) generated trailing twelve-month (TTM) revenue of $2.35 billion, reflecting slight decline in growth of -3.3% year-over-year. The most recent quarter (Q1 2026) recorded $587.0 million in revenue, up 2.7% sequentially.
Looking at the longer-term picture, ITRI's 5-year compound annual growth rate (CAGR) stands at +1.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $2.50 billion in 2019.
Revenue diversification analysis shows ITRI's business is primarily driven by Product (85%), and Service (15%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including REZI (+10.5% YoY), TRMB (-2.6% YoY), and LDOS (+2.3% YoY), ITRI has underperformed the peer group in terms of revenue growth. Compare ITRI vs REZI →
ITRI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ITRICurrent | $2.3B | -3.3% | +1.7% | 13.5% | |
 REZI | $7.5B | +10.5% | +8.1% | 8.1% | |
 TRMB | $3.6B | -2.6% | +2.6% | 16.9% | |
 LDOS | $17.2B | +2.3% | +6.9% | 12.3% | |
 ACLX | $22M | -79.4% | - | -1135.6% | |
 SENS | $35M | +56.9% | +48.1% | -193.8% |
ITRI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.37B | -3.0% | $887.5M | 37.5% | $319.2M | 13.5% |
| 2024 | $2.44B | +12.3% | $839.3M | 34.4% | $264.1M | 10.8% |
| 2023 | $2.17B | +21.1% | $713.9M | 32.8% | $128.9M | 5.9% |
| 2022 | $1.80B | -9.4% | $522.2M | 29.1% | $-7,439,000 | -0.4% |
| 2021 | $1.98B | -8.8% | $573.2M | 28.9% | $-79,299,000 | -4.0% |
| 2020 | $2.17B | -13.2% | $602.2M | 27.7% | $-10,395,000 | -0.5% |
| 2019 | $2.50B | +5.3% | $752.3M | 30.1% | $132.7M | 5.3% |
| 2018 | $2.38B | +17.7% | $730.3M | 30.7% | $-49,692,000 | -2.1% |
| 2017 | $2.02B | +0.2% | $675.2M | 33.5% | $154.9M | 7.7% |
| 2016 | $2.01B | +7.2% | $660.3M | 32.8% | $101.0M | 5.0% |
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Start ComparisonITRI — Frequently Asked Questions
Quick answers to the most common questions about buying ITRI stock.
Is ITRI's revenue growth accelerating or slowing?
ITRI revenue growth slowed to -3.3%, below the 5-year CAGR of +1.7%. TTM revenue is $2.3B. The deceleration marks a shift from historical growth rates.
What is ITRI's long-term revenue growth rate?
Itron, Inc.'s 5-year revenue CAGR of +1.7% reflects the variable expansion pattern. Current YoY growth of -3.3% is near this long-term average.
How is ITRI's revenue distributed by segment?
ITRI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.