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/S ratio

Alert me on P/S ratio

As of 5 November 2026, NiSource, Inc (NI) trades at a P/S ratio of 3.1×. Over the past ten years it has ranged from 1.0× (March 2015) to 3.4× (June 2026); the current reading is higher than 87% of that period. That is above the Utilities Regulated Gas industry median of 2.2× and above the Utilities sector median of 2.6×.

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

Period	P/S ratio	Change
FY2025	3.0×	(2.86%)
FY2024	3.1×	49.93%
FY2023	2.0×	6.92%
FY2022	1.9×	(13.92%)
FY2021	2.2×	17.79%
FY2020	1.9×	(5.95%)
FY2019	2.0×	13.31%
FY2018	1.8×	3.11%
FY2017	1.7×	7.81%
FY2016	1.6×	19.29%

Period	P/S ratio	Change
Sep 2026	2.7×	(18.86%)
Jun 2026	3.3×	1.18%
Mar 2026	3.3×	10.19%
Dec 2025	3.0×	(7.98%)
43 more quarters	Free account

Against its own ten years

Low 1.0× High 3.4×

Ten-year median 1.9×

Current reading's percentile 86

Company	P/S ratio
UGI UGI Corporation compare	1.1×
SR Spire Inc. compare	2.1×
MDU MDU Resources Group, Inc. compare	2.1×
OGS ONE Gas, Inc. compare	2.2×
NJR NewJersey Resources Corporation compare	2.5×
BKH Bright Horizon Energy Corporation compare	2.7×
NI NiSource, Inc	3.1×
SWX Southwest Gas Corporation compare	3.8×
ATO Atmos Energy Corporation compare	6.0×
Utilities Regulated Gas industry median	2.2×
Utilities sector median	2.6×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

NiSource, Inc (NI) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

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P/S ratio, daily

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Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on NI

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