Evergy, Inc. (EVRG) vs NiSource Inc (NI)

NI leads on 9 of 15 compared metrics, though EVRG is the cheaper stock.

A side-by-side comparison of Evergy, Inc. and NiSource Inc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — EVRG vs NI

growth of $100 · last 30y
EVRG +190.1%NI +545.6%NI compounded faster
0200400600Start $100200120062011201620212026$290$646
EVRG NI

EVRG vs NI: by the numbers

  • NI is the larger company ($22.66B vs $19.56B market cap).
  • EVRG trades at the lower earnings multiple (22.44 vs 23.51 P/E).
  • EVRG converts more revenue to profit (14.71% vs 14.10% net margin).
  • NI grew revenue faster over the past five years (8.10% vs 2.08% CAGR).
  • EVRG pays the higher dividend yield (3.24% vs 2.45%).

Which is better, EVRG or NI?

Metric tally: EVRG 6 · NI 9

It depends on what you're optimizing for:

ValueEVRG(lower P/E)
GrowthNI(faster 5Y revenue CAGR)
IncomeEVRG(higher dividend yield)
QualityNI(higher ROIC)

Metrics side by side

Valuation

MetricEVRGNI
P/E ratio22.4423.51
Forward P/E18.6421.10
P/S ratio3.333.33
P/B ratio1.972.35
PEG ratio3.501.05
EV / EBITDA13.0012.63

Profitability

MetricEVRGNI
Gross margin41.51%55.92%
Operating margin25.42%27.78%
Net margin14.71%14.10%
ROE8.68%9.96%
ROIC4.25%4.51%

Dividends

MetricEVRGNI
Dividend yield3.24%2.45%
Payout ratio74.19%59.18%

Growth (annualized)

MetricEVRGNI
Revenue CAGR (5Y)2.08%8.10%
EPS CAGR (5Y)6.41%14.27%
FCF CAGR (5Y)68.30%-7.40%
Total return CAGR (5Y)11.09%17.49%

Frequently asked

Which is better, EVRG or NI?
It depends on your goal. value: EVRG (lower P/E); growth: NI (faster 5Y revenue CAGR); income: EVRG (higher dividend yield); quality: NI (higher ROIC). Across all compared metrics, NI leads 9 to 6.
Is EVRG or NI cheaper?
On trailing earnings, EVRG is cheaper: EVRG trades at a 22.44 P/E and NI at 23.51.
Which has grown faster, EVRG or NI?
Over the past five years, NI grew revenue faster — EVRG at a 2.08% CAGR versus NI at 8.10%.
Does EVRG or NI pay a bigger dividend?
EVRG yields 3.24% and NI yields 2.45% based on trailing dividends and the latest price.
Is EVRG or NI more profitable?
EVRG runs the higher net margin — EVRG at 14.71% versus NI at 14.10%.
Which has been the better investment, EVRG or NI?
Over the past 10-year, NI delivered the higher annualized total return — EVRG at 8.05% versus NI at 9.93%. 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 24, 2026.