NI
NiSource
$47.63
▲ 0.8%Updated Today 7:15 PM ET
▲ Up 20.3% over the last 12 months
Market Cap
$22.66B
P/E
23.44x
Forward P/E (est.)
21.72x
ROE
10.4%
Revenue Growth
15.7%
EPS Growth
7.9%
Profit Margin
14.4%
FCF Yield
7.2%
Debt / Equity
1.72x
ROIC
9.0%
Interest Coverage
3.75x
Current Ratio
0.65x
Dividend Yield
2.5%
Implied Growth (rev. DCF)
—
Rating Score
57/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NI's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NI trades near $47.63, above its 50-day average ($47.25) and 200-day average ($44.49). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 50 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. NI's is $0.87 (~1.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month NI found buyers near $45.09 (support) and sellers near $48.08 (resistance); its 52-week range is $38.45–$48.98. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.6× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
NiSource (NI) is a large-cap company in the Multi-Utilities industry, part of the Utilities sector of the S&P 500, with a market value around $22.66B.
In its latest reported year it generated about $6.52B in revenue and $929.50M in net profit.
Our model rates NI Neutral (57/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
8.4%
Revenue moved from $4.73B in 2021 to $6.52B in 2025, a 8.4% compound annual growth rate. The most recent year grew a strong 15.7% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
40.6%
Operating Margin
28.1%
Net Margin
14.3%
ROE
10.4%
NiSource keeps about 14.4% of each sales dollar as net profit, with a 40.6% gross margin and 28.1% operating margin. Return on equity is 10.4% and return on invested capital about 9.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$6.43B
Net Debt
$6.36B
Net Debt / EBITDA
3.46x
Debt / Equity
1.72x
Leverage: debt-to-equity is 1.7x, and operating profit covers interest about 3.8x, with a current ratio of 0.7x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $6.43B of total debt against $71.90M of cash.
Operating CF
$2.36B
Free Cash Flow
-$420.00M
FCF Margin
-6.4%
In the latest year NiSource produced about $2.36B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 7.2% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
23.44x
P/S
3.49x
P/B
2.09x
EV / EBITDA
9.74x
NI trades at 23.4x trailing earnings (about 21.7x on estimated forward earnings), 3.5x sales, and 2.1x book value. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How NI stacks up against its Utilities peers — valuation, profitability, and growth versus the sector median.
In the Utilities sector (31 S&P 500 companies), NI ranks #11 of 31 by our overall rating. It trades at roughly in line versus the sector on earnings (23.4x P/E vs. 21.8x median) with a lower return on equity (10.4% vs. 10.4%) and faster revenue growth (15.7% vs. 9.0%).
P/E vs sector
23.4x
median 21.8x
ROE vs sector
10.4%
median 10.4%
Growth vs sector
15.7%
median 9.0%
Sector rank
#11
of 31 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Utilities companies by sub-industry and size. Sector median is across all 31 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$56.01 – $92.01
vs. $47.63 today · expected CAGR 3% – 14%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $7.57B | $8.78B | $10.18B | $11.81B | $13.70B |
| Net income | $1.06B | $1.23B | $1.43B | $1.65B | $1.92B |
| EPS | $2.21 | $2.56 | $2.97 | $3.45 | $4.00 |
| Share price (low) | $30.93 | $35.88 | $41.62 | $48.28 | $56.01 |
| Share price (high) | $50.82 | $58.95 | $68.38 | $79.32 | $92.01 |
| CAGR (low–high) | -35% / 7% | -13% / 11% | -4% / 13% | 0% / 14% | 3% / 14% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for NI:
- Revenue is growing 15.7% a year, a sign of real demand.
- Healthy free-cash-flow yield (~7.2%) funds buybacks and dividends.
- Pays a 2.5% dividend on top of any price gains.
The case against NI:
- Elevated leverage (debt/equity 1.7x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 1.7x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: NiSource is a large-cap utilities business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 23.4x earnings, which our model scores Neutral (57/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.