NiSource Inc. (NI) stock

NINYSEElectric & Other Services CombinedFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 6/3012% above fair value

$46.05+0.24 (+0.52%)

Close on Nov 13, 2026Market cap $22.09BP/E 23.5Yield 2.43%

NiSource statistics

102 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 10, 2027 (estimated, before the open)
Last ex-dividend date: Jul 31, 2026
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $22.09B; $5.24B
Enterprise Value: $42.68B; $8.75B
PE Ratio: 23.49; 20.21
PS Ratio: 1.93; 2.82
PB Ratio: 2.31; 1.95
P/TBV Ratio: 2.73; 2.12
P/OCF Ratio: 9.27; 9.62

Enterprise valuationIndustry

EV / Sales: 3.73; 4.49
EV / EBITDA: 13.31; 13.37
EV / EBIT: 22.43; 20.98

Share statisticsIndustry

Shares Outstanding: 480M; 137M
Shares Change (YoY): 1.84%; 2.02%
Shares Change (QoQ): 0.02%; 0.04%
Float: 478M; 118M
Shares Held by Insiders: 0.37%; 1.37%
Shares Held by Institutions: 96.4%; 80.3%

Short sellingIndustry

Short Interest: 20M; –
Short Interest Change: 24.6%; -1.80%
Short % of Float: 4.16%; 4.12%
Short % of Shares Outstanding: 4.14%; 3.58%
Days to Cover: 2.87; 4.52

Stock price statisticsIndustry

52-Week High: $49.21; –
52-Week Low: $38.42; –
20-Day Moving Average: $44.30; –
50-Day Moving Average: $42.04; –
200-Day Moving Average: $44.95; –
Average True Range (14): $0.81; –
Price Change (1 Week): 4.30%; 1.53%
Price Change (1 Month): 11.6%; 3.82%
Price Change (3 Months): 8.69%; -3.37%
Price Change (6 Months): -0.54%; -2.42%
Price Change (YTD): 10.3%; 5.22%
Price Change (1 Year): 5.52%; 1.91%
Price Change (3 Years): 77.3%; 35.3%
Price Change (5 Years): 83.6%; 23.2%
Price Change (10 Years): 113.6%; 52.6%
Average Volume (10 Days): 5M; –
Average Volume (20 Days): 6M; –
Average Volume (90 Days): 6M; –
Relative Volume: 0.95; 0.81
Relative Strength Index (14): 71.1; 53.8
Volatility (1 Year): 18.2%; 25.2%
Beta (5 Years): 0.45; 0.43

MarginsIndustry

Gross Margin: 86.4%; 44.0%
Operating Margin: 16.6%; 20.0%
Profit Margin: 8.22%; 10.9%
EBITDA Margin: 28.0%; 33.2%
FCF Margin: -13.7%; -8.17%

Returns on capitalIndustry

Return on Equity (ROE): 10.1%; 9.20%
Return on Assets (ROA): 2.57%; 2.64%
Return on Invested Capital (ROIC): 5.72%; 5.77%
Return on Capital Employed (ROCE): 5.58%; 4.78%

Financial positionIndustry

Current Ratio: 0.50; 0.90
Quick Ratio: 0.19; 0.39
Debt / Equity: 1.91; 1.30
Debt / EBITDA: 5.69; 4.88
Net Debt / EBITDA: 5.68; 4.68
Interest Coverage: 2.41; 2.41

GrowthIndustry

Revenue Growth (YoY): 15.3%; 7.96%
Net Income Growth (YoY): 4.95%; 12.1%
EPS Growth (YoY): 3.16%; 10.4%
Revenue Growth (3Y CAGR): 4.36%; 3.90%
Revenue Growth (5Y CAGR): 7.84%; 7.80%
EPS Growth (3Y CAGR): 4.68%; 6.07%

EfficiencyIndustry

Asset Turnover: 0.31; 0.23
Revenue Per Employee: $1.48M; $1.11M
Profits Per Employee: $121.47K; $118.50K
Employee Count: 7,738; 1,444
WACC: 5.98%; 6.96%

Income statement (TTM)Industry

Revenue: $11.43B; $2.34B
Gross Profit: $9.88B; $841.93M
Operating Income: $1.90B; $370.54M
Net Income: $939.90M; $140.26M
EBITDA: $3.21B; $664.06M
EPS (Diluted): $1.96; $2.12

Balance sheetIndustry

Cash & Short-Term Investments: $57.50M; $51.50M
Total Debt: $18.26B; $4.67B
Net Cash (Debt): -$18.21B; -$2.57B
Net Cash Per Share: -$37.95; -$23.93
Equity (Book Value): $9.57B; $2.20B
Book Value Per Share: $19.95; $18.60
Tangible Book Value: $8.09B; $1.44B
Working Capital: -$2.41B; -$14.10M

Cash flow (TTM)Industry

Operating Cash Flow: $2.38B; $516.26M
Capital Expenditures: -$3.95B; -$771.90M
Free Cash Flow: -$1.57B; -$37.62M
FCF Per Share: -$3.27; -$0.53

Dividends and yieldsIndustry

Earnings Yield: 4.26%; 4.40%
FCF Yield: -7.09%; -3.90%
Dividend Yield: 2.43%; 2.80%
Buyback Yield: -0.29%; -1.03%
Shareholder Yield: 2.15%; 1.62%
Dividend Per Share: $1.12; $1.98
Dividend Growth (YoY): 5.66%; 5.10%
Years of Dividend Growth: 9; 11
Payout Ratio: 60.8%; 58.8%

Taxes and interestIndustry

Interest Expense: $788.60M; $204.10M
Income Tax: $162.80M; $44.44M

Scores and fair valueIndustry

Graham Number: $29.66; $47.70
Graham Upside: -35.6%; -27.6%
Altman Z-Score: 0.87; 1.09
Piotroski F-Score: 6; 5

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	NI	S&P 500	Difference	NI per year	S&P 500 per year
1 month	+11.0%	-3.0%	+14.0 pts
3 months	+9.4%	-2.8%	+12.2 pts
Year to date	+12.5%	+11.5%	+1.0 pts
1 year	+9.3%	+13.5%	−4.1 pts
3 years	+101.7%	+77.7%	+24.0 pts	+26.4%	+21.1%
5 years	+114.1%	+72.6%	+41.5 pts	+16.4%	+11.5%
10 years	+193.5%	+308.2%	−114.7 pts	+11.4%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

20M NI shares were sold short on Oct 30, 2026, up 24.6% from the previous report, or 4.16% of the shares available to trade. At recent volumes it would take 2.9 days to buy them back. Over the last 20 sessions, 57.9% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	19,866,607	+24.6%	6,921,325	2.9
Oct 15, 2026	15,941,302	-4.8%	4,563,157	3.5
Sep 30, 2026	16,742,437	+13.7%	6,645,656	2.5
Sep 15, 2026	14,724,912	+0.5%	4,757,684	3.1
Aug 31, 2026	14,650,508	+9.4%	5,241,764	2.8
Aug 14, 2026	13,390,138	+0.3%	7,347,976	1.8
Jul 31, 2026	13,347,093	+15.6%	4,639,583	2.9
Jul 15, 2026	11,548,460	-10.1%	4,383,222	2.6
Jun 30, 2026	12,840,881	+18.6%	5,583,670	2.3
Jun 15, 2026	10,829,580	-0.4%	3,294,530	3.3
May 29, 2026	10,871,365	-7.5%	3,792,140	2.9
May 15, 2026	11,747,104	+10.6%	5,143,009	2.3