Eversource Energy (ES) vs NiSource Inc (NI)

A side-by-side comparison of Eversource Energy and NiSource Inc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnES vs NI

growth of $100 · dividends reinvested · last 10y
ES +76.7% (+5.9%/yr)NI +135.8% (+9.0%/yr)NI compounded faster over this window
100150200250Start $10020182020202220242026$177$236
ES NI

ES vs NI: by the numbers

  • ES is the larger company ($25.28B vs $19.46B market cap).
  • ES trades at the lower trailing earnings multiple (17.41 vs 21.59 P/E), one valuation lens rather than an overall verdict.
  • NI converts more revenue to profit (13.15% vs 10.35% net margin).
  • NI grew revenue faster over the past five years (8.18% vs 8.00% CAGR).
  • ES pays the higher dividend yield (4.50% vs 2.85%).

Metrics side by side

Valuation

MetricESNI
P/E ratio17.4121.59
Forward P/E14.4619.76
P/S ratio1.812.83
P/B ratio1.552.03
EV / EBITDA9.8511.80
FCF yield1.18%N/A

Profitability

MetricESNI
Gross margin35.24%50.76%
Operating margin22.34%27.03%
Net margin10.35%13.15%
ROE8.87%9.45%
ROIC4.87%4.54%

Dividends

MetricESNI
Dividend yield4.50%2.85%
Payout ratio79.79%62.77%

Growth (annualized)

MetricESNI
Revenue CAGR (5Y)8.00%8.18%
EPS CAGR (5Y)5.08%14.27%
FCF CAGR (5Y)6.09%N/A
Total return CAGR (5Y)-1.09%14.61%

Frequently asked

Which has the lower trailing P/E, ES or NI?
ES has the lower trailing P/E: ES trades at 17.41 and NI at 21.59. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ES or NI?
Over the past five years, NI grew revenue faster — ES at a 8.00% CAGR versus NI at 8.18%.
Does ES or NI pay a bigger dividend?
ES yields 4.50% and NI yields 2.85% based on trailing dividends and the latest price.
Is ES or NI more profitable?
NI runs the higher net margin — ES at 10.35% versus NI at 13.15%.
How have ES and NI total returns compared?
Over the past 10 years, ES delivered 6.20% and NI delivered 9.30% annualized total return. 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 September 13, 2026.