Stock AnalizNisource Inc. NI
Power Generation · data as of November 13, 2026
Nisource Inc. (NI) is a utility company listed in the US with a market value of about $22.1B. In the twelve months to September 30, 2026 it had revenue of $7.0B and net income of $940M, a net margin of 13.5%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is future growth (3/5); the weakest is financial health (0/5).
Key numbers: a P/E of 23.6, 5-year revenue growth of 8% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 62% below the current price.
Score: 1.6 / 5
Checks passed
- P/E below 25
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
- Profitable 5 years in a row
- Pays a dividend
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0B | $6.5B | $5.3B | $5.3B | $5.7B | $4.7B | $4.5B | $5.1B | $5.0B | $4.9B | $4.5B |
| Net income | $940M | $930M | $760M | $714M | $804M | $585M | -$18M | $383M | -$51M | $128M | $332M |
| Free cash flow | -$1.6B | -$420M | -$832M | -$711M | -$794M | -$620M | -$654M | -$219M | -$1.3B | -$954M | -$672M |
| EPS (diluted) | $1.95 | $1.95 | $1.62 | $1.48 | $1.70 | $1.27 | $-0.19 | $0.87 | $-0.18 | $0.39 | $1.02 |
| Net margin | 13.5% | 14.2% | 14.4% | 13.4% | 14.0% | 12.4% | -0.4% | 7.6% | -1.0% | 2.6% | 7.4% |
| ROIC | — | 5.8% | 5.2% | 5.3% | 5.3% | 4.8% | 2.8% | 4.5% | 0.7% | 5.6% | 5.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 16 analysts is $48.22, 5% above the current price; targets range from $43.00 to $52.00; the consensus rating is “Buy”; expected EPS is $2.06 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Nisource’s P/E ratio?
About 23.6, based on the last twelve months of diluted earnings per share (forward P/E about 16.2).
Is Nisource stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 62% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Nisource pay a dividend?
Yes. The dividend yield is about 2.61%, and it has paid dividends for 10 years in our data.
Is Nisource a good stock to buy?
We do not give buy or sell advice. Nisource scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.