Which has the lower trailing P/E, NI or PNW?

PNW has the lower trailing P/E: NI trades at 21.61 and PNW at 18.69. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, NI or PNW?

Over the past five years, PNW grew revenue faster — NI at a 8.18% CAGR versus PNW at 8.51%.

Does NI or PNW pay a bigger dividend?

NI yields 2.90% and PNW yields 3.74% based on trailing dividends and the latest price.

Is NI or PNW more profitable?

NI runs the higher net margin — NI at 13.15% versus PNW at 11.52%.

How have NI and PNW total returns compared?

Over the past 10 years, NI delivered 8.52% and PNW delivered 6.54% annualized total return. Past performance doesn't predict future results.

NiSource Inc (NI) vs Pinnacle West Capital Corporation (PNW)

A side-by-side comparison of NiSource Inc and Pinnacle West Capital Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.

NiSource Inc

$19.48B

$40.62UtilitiesAt close: Aug 21, 2026, 4:00 PM ET

PNW

Pinnacle West Capital Corporation

$11.80B

$97.36UtilitiesAt close: Aug 21, 2026, 4:00 PM ET

Total return — NI vs PNW

growth of $100 · dividends reinvested · last 10y

NI +130.6% (+8.7%/yr)PNW +93.0% (+6.8%/yr)NI compounded faster over this window

NI PNW

NI vs PNW: by the numbers

•NI is the larger company ($19.48B vs $11.80B market cap).
•PNW trades at the lower trailing earnings multiple (18.69 vs 21.61 P/E), one valuation lens rather than an overall verdict.
•NI converts more revenue to profit (13.15% vs 11.52% net margin).
•PNW grew revenue faster over the past five years (8.51% vs 8.18% CAGR).
•PNW pays the higher dividend yield (3.74% vs 2.90%).

Metrics side by side

Valuation

Metric	NI	PNW
P/E ratio	21.61	18.69
Forward P/E	19.76	20.64
P/S ratio	2.84	2.18
P/B ratio	2.04	1.72
EV / EBITDA	11.82	9.54

Profitability

Metric	NI	PNW
Gross margin	50.76%	25.41%
Operating margin	27.03%	27.03%
Net margin	13.15%	11.52%
ROE	9.45%	9.10%
ROIC	4.54%	4.17%

Dividends

Metric	NI	PNW
Dividend yield	2.90%	3.74%
Payout ratio	60.20%	70.68%

Growth (annualized)

Metric	NI	PNW
Revenue CAGR (5Y)	8.18%	8.51%
EPS CAGR (5Y)	14.27%	1.04%
FCF CAGR (5Y)	N/A	-32.59%
Total return CAGR (5Y)	13.17%	8.60%

Frequently asked

Which has the lower trailing P/E, NI or PNW?: PNW has the lower trailing P/E: NI trades at 21.61 and PNW at 18.69. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, NI or PNW?: Over the past five years, PNW grew revenue faster — NI at a 8.18% CAGR versus PNW at 8.51%.
Does NI or PNW pay a bigger dividend?: NI yields 2.90% and PNW yields 3.74% based on trailing dividends and the latest price.
Is NI or PNW more profitable?: NI runs the higher net margin — NI at 13.15% versus PNW at 11.52%.
How have NI and PNW total returns compared?: Over the past 10 years, NI delivered 8.52% and PNW delivered 6.54% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NI analysis Full PNW analysis Interactive comparison tool

Dig into the metrics

NiSource P/E ratio Pinnacle West Capital P/E ratio NiSource dividend yield Pinnacle West Capital dividend yield NiSource ROE Pinnacle West Capital ROE NiSource operating margin Pinnacle West Capital operating margin NiSource revenue growth Pinnacle West Capital revenue growth NiSource free cash flow Pinnacle West Capital free cash flow

NiSource & Pinnacle West Capital appear in these rankings

Highest Dividend 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 August 23, 2026.