NiSource Inc. (NI)
NYSE · Utilities · market cap 22.16B
Share price
$44.86
At the last nightly close
Intrinsic value
$36.21
A single conservative estimate.
Margin of safety
-19.3%
($36.21 − $44.86) ÷ $44.86
EV / EBIT
40.9
On the median operating profit of 15 fiscal years through 2025.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.
The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-11-01.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2025-FY | 6.64B | 1.83B | 929.5M | 1.96 | -793.8M |
| 2024-FY | 5.46B | 1.46B | 760.4M | 1.63 | -861.5M |
| 2023-FY | 5.51B | 1.30B | 714.3M | 1.59 | -710.7M |
| 2022-FY | 5.85B | 1.16B | 804.1M | 1.84 | -793.7M |
| 2021-FY | 4.73B | 1.01B | 584.9M | 1.27 | -620.1M |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- NiSource Q3 earnings raise adjusted EPS growth to 10%-11% | NI Stock Newsstocktitan.net
- What NiSource (NI) Said on Its Q3 Earnings Callmarketbeat.com
- NiSource: NI Stock Price Quote & News | Robinhoodrobinhood.com
- NiSource Q3 Earnings Beat Estimates on Columbia Gains, Revenues Missfinance.yahoo.com
- NI Stock Quote Price and Forecast | CNNcnn.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on NI.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.