Is NI or WEC cheaper?

On trailing earnings, WEC is cheaper: NI trades at a 23.62 P/E and WEC at 22.75.

Which has grown faster, NI or WEC?

Over the past five years, NI grew revenue faster — NI at a 8.10% CAGR versus WEC at 5.21%.

Does NI or WEC pay a bigger dividend?

NI yields 2.44% and WEC yields 3.24% based on trailing dividends and the latest price.

Is NI or WEC more profitable?

WEC runs the higher net margin — NI at 14.10% versus WEC at 16.25%.

Which has been the better investment, NI or WEC?

Over the past 10-year, NI delivered the higher annualized total return — NI at 9.98% versus WEC at 9.67%. Past performance doesn't predict future results.

NiSource Inc. (NI) vs WEC Energy Group, Inc. (WEC)

NI leads on 8 of 15 compared metrics, though WEC is the cheaper stock.

A side-by-side comparison of NiSource Inc. and WEC Energy Group, 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).

WEC Energy Group, Inc.

$37.13B

$114.00Utilities

Total return — NI vs WEC

growth of $100 · last 30y

NI +559.3%WEC +740.7%WEC compounded faster

NI WEC

NI vs WEC: by the numbers

•WEC is the larger company ($37.13B vs $22.76B market cap).
•WEC trades at the lower earnings multiple (22.75 vs 23.62 P/E).
•WEC converts more revenue to profit (16.25% vs 14.10% net margin).
•NI grew revenue faster over the past five years (8.10% vs 5.21% CAGR).
•WEC pays the higher dividend yield (3.24% vs 2.44%).

Which is better, NI or WEC?

Metric tally: NI 8 · WEC 7

It depends on what you're optimizing for:

ValueWEC(lower P/E)

GrowthNI(faster 5Y revenue CAGR)

IncomeWEC(higher dividend yield)

QualityWEC(higher ROIC)

Metrics side by side

Valuation

Metric	NI	WEC
P/E ratio	23.62	22.75●
Forward P/E	21.20	19.00●
P/S ratio	3.35●	3.71
P/B ratio	2.36●	2.64
PEG ratio	1.05●	21.18
EV / EBITDA	12.66●	14.40

Profitability

Metric	NI	WEC
Gross margin	55.92%	55.74%
Operating margin	27.78%●	23.97%
Net margin	14.10%	16.25%●
ROE	9.96%	11.57%●
ROIC	4.51%	5.25%●

Dividends

Metric	NI	WEC
Dividend yield	2.44%	3.24%●
Payout ratio	59.18%	75.93%

Growth (annualized)

Metric	NI	WEC
Revenue CAGR (5Y)	8.10%●	5.21%
EPS CAGR (5Y)	14.27%●	5.04%
FCF CAGR (5Y)	-7.40%	11.42%●
Total return CAGR (5Y)	16.40%●	7.70%

Frequently asked

Which is better, NI or WEC?: It depends on your goal. value: WEC (lower P/E); growth: NI (faster 5Y revenue CAGR); income: WEC (higher dividend yield); quality: WEC (higher ROIC). Across all compared metrics, NI leads 8 to 7.
Is NI or WEC cheaper?: On trailing earnings, WEC is cheaper: NI trades at a 23.62 P/E and WEC at 22.75.
Which has grown faster, NI or WEC?: Over the past five years, NI grew revenue faster — NI at a 8.10% CAGR versus WEC at 5.21%.
Does NI or WEC pay a bigger dividend?: NI yields 2.44% and WEC yields 3.24% based on trailing dividends and the latest price.
Is NI or WEC more profitable?: WEC runs the higher net margin — NI at 14.10% versus WEC at 16.25%.
Which has been the better investment, NI or WEC?: Over the past 10-year, NI delivered the higher annualized total return — NI at 9.98% versus WEC at 9.67%. Past performance doesn't predict future results.

Go deeper

Full NI analysis Full WEC analysis Interactive comparison tool

Dig into the metrics

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

NiSource & WEC Energy 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 June 16, 2026.