Friday 6 November 2026 Export NI’s income statement to Excel — free account

NiSource, Inc

NI Utilities Utilities Regulated Gas

NiSource, Inc’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 21.8% from fiscal 2024.

Revenue: +5.99%
EPS: +35.0%
Free cash flow: −278.4%
Total debt: +15.9%

Quarter to September 2026, against a year earlier

44.49 0.80 −1.77%

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Market cap: $21.3B
P/E: 22.8×
Fwd P/E: 21.9×
Dividend yield: 2.70%
F-score: 6/9
Altman Z: 0.80
Beneish M: −2.41
Dividend safety: 36/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

NiSource, Inc (NI) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, NiSource, Inc (NI) trades at a P/E ratio of 22.8×. Over the past ten years it has ranged from 0.0× (March 2021) to 115× (September 2019); the current reading is higher than 61% of that period. That is above the Utilities Regulated Gas industry median of 18.5× and above the Utilities sector median of 19.5×.

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<iframe src="https://stockrow.com/embed/NI/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="NiSource, Inc P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NI/metrics/pe-ratio">NiSource, Inc (NI) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	21.3×	(6.10%)
FY2024	22.7×	33.58%
FY2023	17.0×	13.91%
FY2022	14.9×	(27.08%)
FY2021	20.5×	—
FY2020	0.0×	—
FY2019	31.6×	—
FY2018	0.0×	—
FY2017	65.0×	195.97%
FY2016	22.0×	2.48%

Period	P/E ratio	Change
Sep 2026	20.0×	(20.93%)
Jun 2026	25.3×	8.95%
Mar 2026	23.2×	8.95%
Dec 2025	21.3×	(6.51%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 115×

Ten-year median 21.7×

Current reading's percentile 51

Company	P/E ratio
SR Spire Inc. compare	9.9×
UGI UGI Corporation compare	11.9×
NJR NewJersey Resources Corporation compare	15.0×
OGS ONE Gas, Inc. compare	17.3×
MDU MDU Resources Group, Inc. compare	19.5×
BKH Bright Horizon Energy Corporation compare	20.6×
ATO Atmos Energy Corporation compare	20.7×
SWX Southwest Gas Corporation compare	22.1×
NI NiSource, Inc	22.8×
Utilities Regulated Gas industry median	18.5×
Utilities sector median	19.5×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

NiSource, Inc (NI) P/E ratio

P/E ratio, daily

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Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

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P/E ratio, daily

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Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NI

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