On trailing earnings, NI is cheaper: FE trades at a 25.80 P/E and NI at 23.62.

Which has grown faster, FE or NI?

Over the past five years, NI grew revenue faster — FE at a 7.52% CAGR versus NI at 8.10%.

Does FE or NI pay a bigger dividend?

FE yields 3.80% and NI yields 2.44% based on trailing dividends and the latest price.

Is FE or NI more profitable?

NI runs the higher net margin — FE at 6.86% versus NI at 14.10%.

Which has been the better investment, FE or NI?

Over the past 10-year, NI delivered the higher annualized total return — FE at 7.86% versus NI at 9.98%. Past performance doesn't predict future results.

FirstEnergy Corp. (FE) vs NiSource Inc. (NI)

NI leads on 9 of 15 compared metrics.

A side-by-side comparison of FirstEnergy Corp. and NiSource Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 16, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — FE vs NI

growth of $100 · last 30y

FE +126.7%NI +559.3%NI compounded faster

FE NI

FE vs NI: by the numbers

•FE is the larger company ($27.38B vs $22.76B market cap).
•NI trades at the lower earnings multiple (23.62 vs 25.80 P/E).
•NI converts more revenue to profit (14.10% vs 6.86% net margin).
•NI grew revenue faster over the past five years (8.10% vs 7.52% CAGR).
•FE pays the higher dividend yield (3.80% vs 2.44%).

Which is better, FE or NI?

Metric tally: FE 6 · NI 9

It depends on what you're optimizing for:

ValueNI(lower P/E)

GrowthNI(faster 5Y revenue CAGR)

IncomeFE(higher dividend yield)

Metrics side by side

Valuation

Metric	FE	NI
P/E ratio	25.80	23.62●
Forward P/E	16.07●	21.20
P/S ratio	1.77●	3.35
P/B ratio	2.17●	2.36
PEG ratio	6.15	1.05●
EV / EBITDA	12.36●	12.66
FCF yield	6.54%	—

Profitability

Metric	FE	NI
Gross margin	53.77%	55.92%●
Operating margin	18.72%	27.78%●
Net margin	6.86%	14.10%●
ROE	8.42%	9.96%●
ROIC	4.46%	4.51%

Dividends

Metric	FE	NI
Dividend yield	3.80%●	2.44%
Payout ratio	101.69%	59.18%

Growth (annualized)

Metric	FE	NI
Revenue CAGR (5Y)	7.52%	8.10%●
EPS CAGR (5Y)	-2.32%	14.27%●
FCF CAGR (5Y)	7.07%●	-7.40%
Total return CAGR (5Y)	8.34%	16.40%●

Frequently asked

Which is better, FE or NI?: It depends on your goal. value: NI (lower P/E); growth: NI (faster 5Y revenue CAGR); income: FE (higher dividend yield). Across all compared metrics, NI leads 9 to 6.
Is FE or NI cheaper?: On trailing earnings, NI is cheaper: FE trades at a 25.80 P/E and NI at 23.62.
Which has grown faster, FE or NI?: Over the past five years, NI grew revenue faster — FE at a 7.52% CAGR versus NI at 8.10%.
Does FE or NI pay a bigger dividend?: FE yields 3.80% and NI yields 2.44% based on trailing dividends and the latest price.
Is FE or NI more profitable?: NI runs the higher net margin — FE at 6.86% versus NI at 14.10%.
Which has been the better investment, FE or NI?: Over the past 10-year, NI delivered the higher annualized total return — FE at 7.86% versus NI at 9.98%. Past performance doesn't predict future results.

Go deeper

Full FE analysis Full NI analysis Interactive comparison tool

Dig into the metrics

FirstEnergy P/E ratio NiSource P/E ratio FirstEnergy dividend yield NiSource dividend yield FirstEnergy ROE NiSource ROE FirstEnergy operating margin NiSource operating margin FirstEnergy revenue growth NiSource revenue growth FirstEnergy free cash flow NiSource free cash flow

FirstEnergy & NiSource appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks

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 16, 2026.