Is NI or PNW cheaper?

On trailing earnings, PNW is cheaper: NI trades at a 23.31 P/E and PNW at 20.12.

Which has grown faster, NI or PNW?

Over the past five years, PNW grew revenue faster — NI at a 8.10% CAGR versus PNW at 8.55%.

Does NI or PNW pay a bigger dividend?

NI yields 2.56% and PNW yields 3.38% based on trailing dividends and the latest price.

Is NI or PNW more profitable?

NI runs the higher net margin — NI at 14.10% versus PNW at 11.99%.

Which has been the better investment, NI or PNW?

Over the past 10-year, NI delivered the higher annualized total return — NI at 9.43% versus PNW at 7.01%. Past performance doesn't predict future results.

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

NI leads on 8 of 14 compared metrics, though PNW is the cheaper stock.

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 July 9, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Pinnacle West Capital Corporation

$12.94B

$106.78Utilities

Total return — NI vs PNW

growth of $100 · last 30y

NI +513.2%PNW +270.1%NI compounded faster

NI PNW

NI vs PNW: by the numbers

•NI is the larger company ($22.37B vs $12.94B market cap).
•PNW trades at the lower earnings multiple (20.12 vs 23.31 P/E).
•NI converts more revenue to profit (14.10% vs 11.99% net margin).
•PNW grew revenue faster over the past five years (8.55% vs 8.10% CAGR).
•PNW pays the higher dividend yield (3.38% vs 2.56%).

Which is better, NI or PNW?

Metric tally: NI 8 · PNW 6

It depends on what you're optimizing for:

ValuePNW(lower P/E)

GrowthPNW(faster 5Y revenue CAGR)

IncomePNW(higher dividend yield)

QualityNI(higher ROIC)

Metrics side by side

Valuation

Metric	NI	PNW
P/E ratio	23.31	20.12●
Forward P/E	22.76	22.73
P/S ratio	3.30	2.45●
P/B ratio	2.33	1.89●
PEG ratio	1.05●	19.34
EV / EBITDA	12.68	11.57●

Profitability

Metric	NI	PNW
Gross margin	55.92%●	25.41%
Operating margin	27.78%	27.54%
Net margin	14.10%●	11.99%
ROE	9.96%●	9.25%
ROIC	4.51%●	3.18%

Dividends

Metric	NI	PNW
Dividend yield	2.56%	3.38%●
Payout ratio	61.22%	70.68%

Growth (annualized)

Metric	NI	PNW
Revenue CAGR (5Y)	8.10%	8.55%●
EPS CAGR (5Y)	14.27%●	1.04%
FCF CAGR (5Y)	-7.40%●	-32.59%
Total return CAGR (5Y)	17.20%●	10.08%

Frequently asked

Which is better, NI or PNW?: It depends on your goal. value: PNW (lower P/E); growth: PNW (faster 5Y revenue CAGR); income: PNW (higher dividend yield); quality: NI (higher ROIC). Across all compared metrics, NI leads 8 to 6.
Is NI or PNW cheaper?: On trailing earnings, PNW is cheaper: NI trades at a 23.31 P/E and PNW at 20.12.
Which has grown faster, NI or PNW?: Over the past five years, PNW grew revenue faster — NI at a 8.10% CAGR versus PNW at 8.55%.
Does NI or PNW pay a bigger dividend?: NI yields 2.56% and PNW yields 3.38% based on trailing dividends and the latest price.
Is NI or PNW more profitable?: NI runs the higher net margin — NI at 14.10% versus PNW at 11.99%.
Which has been the better investment, NI or PNW?: Over the past 10-year, NI delivered the higher annualized total return — NI at 9.43% versus PNW at 7.01%. 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 July 9, 2026.