Itron vs Siemens Energy
Side-by-side comparison of AI visibility scores, market position, and capabilities
$2.4B revenue 2024 (+12% YoY); $324M EBITDA (+43% YoY); $208M free cash flow (+$110M YoY); 2M Xcel Energy meters Jan 2024; 7.7M HEDNO Greece contract 2025; smart meter market $28.2B 2024; leader
About
Itron is a global technology company founded in 1977 and headquartered in Liberty Lake, Washington, that provides smart metering hardware, grid-edge intelligence, and network infrastructure for electric, gas, and water utilities worldwide. The company was built on the premise that utilities need accurate, timely consumption data to manage their networks effectively and that the physical infrastructure for collecting that data — meters, communications networks, and analytics platforms — requires specialized engineering and operational expertise at global scale. Itron's mission is to create a more resourceful world by enabling utilities to optimize the delivery of energy and water.\n\nItron's product and platform portfolio spans advanced metering infrastructure (AMI), grid edge intelligence, network management, and utility analytics. The company manufactures smart meters and communications modules and operates the Itron Riva network — a distributed intelligence platform that moves data processing from the utility back office to the edge of the grid. Itron serves electric, gas, and water utilities across more than 100 countries and has deployed smart metering solutions for major utilities including a 2 million meter contract with Xcel Energy and a 7.7 million meter contract with HEDNO in Greece.\n\nItron reported $2.4 billion in revenue for 2024, a 12% increase year over year, and $324 million in EBITDA, up 43% year over year — metrics that reflect both strong market demand for grid modernization and improving operational leverage. The company trades on Nasdaq under the ticker ITRI and holds a strong competitive position as utilities globally accelerate AMI deployments driven by regulatory mandates, electrification demand growth, and the operational requirements of integrating distributed energy resources into aging grid infrastructure.
Frankfurt-listed (ETR: ENR) energy technology company at €34.5B FY2024 revenue with 13-15% growth 2025; Siemens Gamesa offshore wind and gas turbines competing with GE Vernova and Vestas for energy transition infrastructure.
About
Siemens Energy AG is a Munich, Germany-based energy technology company — listed on the Frankfurt Stock Exchange (ETR: ENR), partially owned by Siemens AG (25%+ stake) following the September 2020 spin-off — providing power generation (gas turbines, steam turbines, generators), grid infrastructure (transmission technology, HVDC systems, transformers), and energy transition solutions (green hydrogen, offshore wind through its 73%-owned Siemens Gamesa Renewable Energy subsidiary) to utilities, industrial customers, and governments globally. Siemens Energy generated €34.5 billion in revenue in fiscal year 2024, with Q2 FY2025 revenue of €10.0 billion (+20.7% comparable) and Q3 FY2025 revenue of €9.7 billion (+13.5% comparable), projecting 13-15% revenue growth for full-year FY2025 at a 4-6% profit margin.
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