• Itron average operating margin for 2023 was 2.83%, a 157.52% increase from 2022.
• Itron average operating margin for 2022 was -4.92%, a 5020% decline from 2021.
• Itron average operating margin for 2021 was 0.1%, a 93.9% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.