US · USD
NI
NiSource Inc
- Day's range
- $39.27 – $39.84
- Day's volume
- $161.1M
- 52-week range
- $39.00 – $48.75
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Create a free accountNI in numbers
- Market cap
- $19B
- P/E
- 20.96
- P/B
- 1.98
- Dividend yield (12m)
- 2.98%
- Net debt/EBITDA
- 0.20
The 12-month dividend yield of NI is 2.98%, below its 5-year average of 3.19%.
NI price history
NI risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -8.59% | +67.66% | +88.15% |
| Volatility (annualized) | 17.59% | 15.50% | 18.16% |
| Largest drawdown | -18.68% | -18.68% | -19.52% |
| Positive months | 6/12 | 23/36 | 37/60 |
How much did investing in NI return?
$1,000.00 invested on 11/01/2021 would be worth $1,881.53 today.
- Value today in NI
- $1,881.53
- Return over the period
- +88.15%
- Return per year
- +13.69%
- In the S&P 500
- $1,702.20
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
NI fundamentals
Valuation
- P/E20.96
- P/B1.98
- EV/EBITDA6.25
- EV/EBIT10.53
- EV/Revenue1.72
- P/EBIT10.20
- P/S1.67
- P/OCF8.23
- P/FCF-17.46
- Earnings yield9.50%
- PEG ratio—
- Earnings per share$1.89
- Book value per share$19.97
Debt
- Net debt$622M
- Net debt/EBITDA0.20
- Net debt/Equity0.06
- Debt/Equity0.07
- Current ratio0.50
- Quick ratio—
- Cash ratio0.02
Efficiency
- Gross margin—
- EBITDA margin27.54%
- Operating margin16.35%
- Net margin7.96%
- Asset turnover0.30
Profitability
- ROE9.45%
- ROA2.41%
- ROIC12.04%
- Payout62.52%
Growth
- Revenue CAGR (5 years)20.52%
- Earnings CAGR (5 years)27.63%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is NI's fair price?
Two classic value formulas, with today's numbers. The current price is $39.55.
- Graham's fair price
- $29.12
- 26.38% below the price
√(22.50 × $1.89 × $19.97)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $16.67
- 57.86% below the price
$1.00 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
NI's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 21.50 | 22.72 | 16.63 | 14.07 | 19.14 | -510.75 | 27.78 | -186.62 |
| P/B | 2.11 | 1.99 | 1.44 | 1.49 | 1.61 | 1.56 | 1.78 | 1.64 |
| EV/EBITDA | 7.11 | 7.85 | 6.25 | 6.44 | 6.97 | 7.74 | 7.99 | 16.96 |
| Dividend yield | 2.68% | 2.88% | 3.77% | 3.43% | 3.19% | 3.66% | 2.87% | 3.08% |
| Earnings per share | $1.94 | $1.62 | $1.60 | $1.95 | $1.44 | -$0.04 | $1.00 | -$0.14 |
| Book value per share | $19.75 | $18.48 | $18.48 | $18.36 | $17.14 | $14.68 | $15.66 | $15.44 |
| ROE | 9.84% | 8.76% | 8.64% | 10.61% | 8.42% | -0.31% | 6.40% | -0.88% |
| ROIC | 11.18% | 8.72% | 8.42% | 8.60% | 8.32% | 5.47% | 7.18% | 0.96% |
| Gross margin | — | — | — | — | — | — | 103.08% | 102.47% |
| EBITDA margin | 46.04% | 47.30% | 41.21% | 36.36% | 37.10% | 28.54% | 31.82% | 14.51% |
| Net margin | 14.25% | 14.39% | 13.36% | 14.01% | 12.36% | -0.39% | 7.58% | -1.01% |
| Net debt/EBITDA | 0.46 | 0.93 | 0.86 | 1.02 | 0.59 | 0.70 | 1.37 | 3.92 |
NI's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $6.5B | $5.3B | $5.3B | $5.7B | $4.7B | $4.5B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $3B | $2.5B | $2.2B | $2.1B | $1.8B | $1.3B |
| EBIT | $1.8B | $1.5B | $1.3B | $1.3B | $1B | $550.8M |
| Financial result | -$618.9M | -$452.7M | -$481.6M | -$309.4M | -$300.3M | -$582.1M |
| Income before tax | — | — | — | — | — | — |
| Income tax | -$203.8M | -$158.1M | -$139.5M | -$164.6M | -$117.8M | $17.1M |
| Net income | $929.5M | $760.4M | $714.3M | $804.1M | $584.9M | -$17.6M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does NI pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 10/29/2026 | 11/20/2026 | $0.30 |
Dividend yield per year
- 2.73%2017
- 3.08%2018
- 2.87%2019
- 3.66%2020
- 3.19%2021
- 3.43%2022
- 3.77%2023
- 2.88%2024
- 2.68%2025
- 2.28%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 07/30/2026 | 08/20/2026 | $0.30 |
| Dividend | 04/29/2026 | 05/20/2026 | $0.30 |
| Dividend | 02/02/2026 | 02/20/2026 | $0.30 |
| Dividend | 10/30/2025 | 11/20/2025 | $0.28 |
| Dividend | 07/30/2025 | 08/20/2025 | $0.28 |
| Dividend | 04/29/2025 | 05/20/2025 | $0.28 |
| Dividend | 01/31/2025 | 02/20/2025 | $0.28 |
| Dividend | 10/30/2024 | 11/20/2024 | $0.27 |
| Dividend | 07/30/2024 | 08/20/2024 | $0.27 |
| Dividend | 04/26/2024 | 05/20/2024 | $0.27 |
| Dividend | 02/01/2024 | 02/20/2024 | $0.27 |
| Dividend | 10/27/2023 | 11/20/2023 | $0.25 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 07/27/2023 | 08/18/2023 | $0.25 |
| Dividend | 04/26/2023 | 05/19/2023 | $0.25 |
| Dividend | 02/03/2023 | 02/17/2023 | $0.25 |
| Dividend | 10/27/2022 | 11/18/2022 | $0.24 |
| Dividend | 07/27/2022 | 08/19/2022 | $0.24 |
| Dividend | 04/27/2022 | 05/20/2022 | $0.24 |
| Dividend | 02/04/2022 | 02/18/2022 | $0.24 |
| Dividend | 10/27/2021 | 11/19/2021 | $0.22 |
| Dividend | 07/28/2021 | 08/20/2021 | $0.22 |
| Dividend | 04/28/2021 | 05/20/2021 | $0.22 |
| Dividend | 02/05/2021 | 02/19/2021 | $0.22 |
| Dividend | 10/28/2020 | 11/20/2020 | $0.21 |
| Dividend | 07/29/2020 | 08/20/2020 | $0.21 |
| Dividend | 04/28/2020 | 05/20/2020 | $0.21 |
| Dividend | 02/07/2020 | 02/20/2020 | $0.21 |
| Dividend | 10/29/2019 | 11/20/2019 | $0.20 |
| Dividend | 07/29/2019 | 08/20/2019 | $0.20 |
| Dividend | 04/26/2019 | 05/20/2019 | $0.20 |
| Dividend | 02/07/2019 | 02/20/2019 | $0.20 |
| Dividend | 10/29/2018 | 11/20/2018 | $0.20 |
| Dividend | 07/27/2018 | 08/20/2018 | $0.20 |
| Dividend | 04/26/2018 | 05/18/2018 | $0.20 |
| Dividend | 02/07/2018 | 02/20/2018 | $0.20 |
| Dividend | 10/27/2017 | 11/20/2017 | $0.18 |
| Dividend | 07/26/2017 | 08/18/2017 | $0.18 |
| Dividend | 04/25/2017 | 05/19/2017 | $0.18 |
| Dividend | 02/07/2017 | 02/17/2017 | $0.18 |
| Dividend | 10/26/2016 | 11/18/2016 | $0.17 |
About Nisource
- Sector
- Transportation and utilities
Questions about NI
How much is NI today?
NI is at $39.55 (0.30% on the day), last traded on 10/05/2026.
How much did NI pay in dividends in 2025?
NI paid $1.12 per share in 2025, a dividend yield of 2.68%.
When is the next NI dividend?
The next announced payment is $0.30 per share on 11/20/2026.
What are the P/E and P/B of NI?
NI trades at a P/E of 20.96 and a P/B of 1.98.
How much did NI return in 12 months?
NI returned -8.59% in 12 months, with annualized volatility of 17.59% and a largest drawdown of -18.68%.