NiSource, Inc (NI) vs Spire Inc. (SR)
NiSource, Inc and Spire Inc. are both Utilities Regulated Gas companies. NiSource, Inc is the larger, with a market value of $18.8B against $4.5B — 4.1× the size. Spire Inc. trades at the lower P/E: 8.6× against 21.0×. Spire Inc. grew revenue faster over the last twelve months: 17.0% against 12.3%. Spire Inc. has the higher net margin (19.8% vs 13.2%) and the lower return on invested capital (3.76% vs 3.98%). Both pay a dividend; Spire Inc. yields more (5.17% vs 3.99%). Across the 22 metrics below, Spire Inc. leads on 15 and NiSource, Inc on 7.
Valuation
Profitability
| Metric | NI | SR | Utilities Regulated Gas median |
|---|---|---|---|
| Gross margin | 77.65% | 65.44% | 63.14% |
| Operating margin | 27.03% | 21.47% | 21.47% |
| Net margin | 13.20% | 19.81% | 13.00% |
| Free cash flow margin | (15.78%) | (8.30%) | (13.27%) |
| Return on equity | 7.94% | 15.57% | 9.47% |
| Return on assets | 2.54% | 4.17% | 3.80% |
| Return on invested capital | 3.98% | 3.76% | 4.29% |
Growth
Health
Dividend
Size
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