Brookfield Renewable Partners L.P. (BEP) vs NiSource Inc. (NI)

NI leads on 11 of 15 compared metrics.

A side-by-side comparison of Brookfield Renewable Partners L.P. and NiSource Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — BEP vs NI

growth of $100 · last 23y
BEP +14.8%NI +519.7%NI compounded faster
Log scale — wide-divergence pair
101001kStart $10020072011201520192023$115$620
BEP NI

BEP vs NI: by the numbers

  • NI is the larger company ($22.65B vs $10.40B market cap).
  • NI trades at the lower earnings multiple (23.74 vs 57.13 P/E).
  • NI converts more revenue to profit (14.10% vs 3.01% net margin).
  • BEP grew revenue faster over the past five years (10.94% vs 8.10% CAGR).
  • BEP pays the higher dividend yield (4.46% vs 2.43%).

Which is better, BEP or NI?

Metric tally: BEP 4 · NI 11

It depends on what you're optimizing for:

ValueNI(lower P/E)
GrowthBEP(faster 5Y revenue CAGR)
IncomeBEP(higher dividend yield)
QualityNI(higher ROIC)

Metrics side by side

Valuation

MetricBEPNI
P/E ratio57.1323.74
Forward P/E21.31
P/S ratio1.633.36
P/B ratio2.472.38
PEG ratio4.331.05
EV / EBITDA9.2112.70

Profitability

MetricBEPNI
Gross margin34.36%55.92%
Operating margin11.33%27.78%
Net margin3.01%14.10%
ROE4.56%9.96%
ROIC1.03%4.51%

Dividends

MetricBEPNI
Dividend yield4.46%2.43%
Payout ratio59.18%

Growth (annualized)

MetricBEPNI
Revenue CAGR (5Y)10.94%8.10%
EPS CAGR (5Y)-20.67%14.27%
FCF CAGR (5Y)-7.80%-7.40%
Total return CAGR (5Y)2.25%16.54%

Frequently asked

Which is better, BEP or NI?
It depends on your goal. value: NI (lower P/E); growth: BEP (faster 5Y revenue CAGR); income: BEP (higher dividend yield); quality: NI (higher ROIC). Across all compared metrics, NI leads 11 to 4.
Is BEP or NI cheaper?
On trailing earnings, NI is cheaper: BEP trades at a 57.13 P/E and NI at 23.74.
Which has grown faster, BEP or NI?
Over the past five years, BEP grew revenue faster — BEP at a 10.94% CAGR versus NI at 8.10%.
Does BEP or NI pay a bigger dividend?
BEP yields 4.46% and NI yields 2.43% based on trailing dividends and the latest price.
Is BEP or NI more profitable?
NI runs the higher net margin — BEP at 3.01% versus NI at 14.10%.
Which has been the better investment, BEP or NI?
Over the past 10-year, BEP delivered the higher annualized total return — BEP at 13.72% versus NI at 9.89%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 17, 2026.