Seek Returns

CEG vs. NI: Constellation Energy vs. NiSource Stock Comparison

How do Constellation Energy (CEG) and NiSource (NI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Constellation Energy (CEG) and NiSource (NI) both fall under the Utilities industry group, but CEG is classified in Electric Utilities while NI is classified in Multi-Utilities.

NiSource (NI) has more than two decades of public-market history since February 21, 1973, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.

Company profile comparison for Constellation Energy (CEG) and NiSource (NI)
Profile ItemCEGNI
NameConstellation Energy CorporationNiSource Inc.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesMulti-Utilities
GICS Sub-IndustryElectric UtilitiesMulti-Utilities
Market Capitalization88.56 billion USD21.18 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 19, 2022February 21, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CEG
NI
GSPC
Loading price history…
Constellation Energy (CEG) vs. NiSource (NI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Constellation Energy (CEG) and NiSource (NI). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Constellation Energy (CEG) and NiSource (NI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
Total Return (1Y)-23.27%6.11%
Total Return (3Y, Annualized)32.21%25.66%
Total Return (5Y, Annualized)--16.11%

Risk Profile

Drawdown History

CEG
NI
GSPC
Loading price history…
Constellation Energy (CEG) vs. NiSource (NI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Constellation Energy (CEG) and NiSource (NI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
Volatility (1Y, Annualized)49.44%18.23%
Beta (5Y)1.110.53
Max Drawdown (5Y)-50.70%-24.76%
Avg. Volume (3M)3.37M5.64M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
CEG and NI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
Sharpe Ratio (1Y)-0.560.10
Sortino Ratio (1Y)-0.780.14

Profitability

ROE (TTM)

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while NiSource (NI) at 8.71% is closer to the peer norm — stronger capital efficiency for CEG.

CEG

Utilities industry group

15.06%

Max
17.99%
CEG
15.06%
Q3
12.01%
Median
9.44%
Q1
7.56%
Min
2.17%

NI

Utilities industry group

8.71%

Max
17.99%
Q3
12.01%
Median
9.44%
NI
8.71%
Q1
7.56%
Min
2.17%
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Constellation Energy (CEG) at 11.08% and NiSource (NI) at 13.51% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CEG

Utilities industry group

11.08%

Max
28.78%
Q3
17.30%
Median
12.73%
CEG
11.08%
Q1
9.18%
Min
-0.20%

NI

Utilities industry group

13.51%

Max
28.78%
Q3
17.30%
NI
13.51%
Median
12.73%
Q1
9.18%
Min
-0.20%
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

NiSource (NI) at 25.20% runs core operations around its industry’s norm, while Constellation Energy (CEG) at 8.66% operates in the bottom quartile.

CEG

Utilities industry group

8.66%

Max
53.83%
Q3
31.12%
Median
23.62%
Q1
15.45%
CEG
8.66%
Min
-4.90%

NI

Utilities industry group

25.20%

Max
53.83%
Q3
31.12%
NI
25.20%
Median
23.62%
Q1
15.45%
Min
-4.90%
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
ROE (TTM)15.06%8.71%
ROA (TTM)3.89%3.25%
Net Margin (TTM)11.08%13.51%
Operating Margin (TTM)8.66%25.20%
Gross Margin (TTM)22.11%50.92%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while Constellation Energy (CEG) at 8.34% is closer to the peer norm — faster top-line expansion for NI.

Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their Revenue Growth across different time periods.

EPS Growth

NiSource (NI) at 20.37% sits in the top EPS growth quartile, while Constellation Energy (CEG) at -37.76% is in the bottom quartile, showing a clear gap in earnings momentum.

Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
Revenue Growth (YoY)8.34%21.76%
Revenue Growth (3Y CAGR)1.47%4.32%
EPS Growth (YoY)-37.76%20.37%
EPS Growth (3Y CAGR)--4.68%

Financial Strength

Current Ratio (MRQ)

Constellation Energy (CEG) at 1.46 carries current ratio above its industry’s typical mid-range, while NiSource (NI) at 0.50 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CEG

Utilities industry group

1.46

Max
1.90
CEG
1.46
Q3
1.17
Median
0.88
Q1
0.66
Min
0.29

NI

Utilities industry group

0.50

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
NI
0.50
Min
0.29
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while NiSource (NI) at 1.53 runs a more typical debt-to-equity mix.

CEG

Utilities industry group

0.76

Max
2.63
Q3
1.77
Median
1.35
Q1
0.84
CEG
0.76
Min
0.00

NI

Utilities industry group

1.53

Max
2.63
Q3
1.77
NI
1.53
Median
1.35
Q1
0.84
Min
0.00
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
Current Ratio (MRQ)1.460.50
Debt / Equity (MRQ)0.761.53
Net Debt / EBITDA3.025.87

Dividends

Dividend Yield (TTM)

Both Constellation Energy (CEG) at 0.68% and NiSource (NI) at 0.68% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CEG

Utilities industry group

0.68%

Max
6.66%
Q3
3.58%
Median
2.85%
CEG
0.68%
Q1
0.66%
Min
0.00%

NI

Utilities industry group

0.68%

Max
6.66%
Q3
3.58%
Median
2.85%
NI
0.68%
Q1
0.66%
Min
0.00%
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

NiSource (NI) at 60.51% keeps its payout within the industry’s typical band; Constellation Energy (CEG) at 15.92% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.

CEG

Utilities industry group

15.92%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
CEG
15.92%
Min
0.00%

NI

Utilities industry group

60.51%

Max
113.04%
Q3
68.72%
NI
60.51%
Median
56.38%
Q1
32.38%
Min
0.00%
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
Dividend Yield (TTM)0.68%0.68%
Dividend Payout Ratio (TTM)15.92%60.51%

Valuation

P/E Ratio (TTM)

NiSource (NI) at 22.64 is near its industry’s usual P/E ratio, while Constellation Energy (CEG) at 24.43 sits in the richer quartile — CEG needs stronger growth or earnings quality to justify the premium.

CEG

Utilities industry group

24.43

Max
31.22
CEG
24.43
Q3
23.30
Median
19.64
Q1
15.17
Min
3.34

NI

Utilities industry group

22.64

Max
31.22
Q3
23.30
NI
22.64
Median
19.64
Q1
15.17
Min
3.34
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Constellation Energy (CEG) at 2.83 and NiSource (NI) at 3.04 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CEG

Utilities industry group

2.83

Max
6.35
Q3
3.63
CEG
2.83
Median
2.63
Q1
1.52
Min
0.00

NI

Utilities industry group

3.04

Max
6.35
Q3
3.63
NI
3.04
Median
2.63
Q1
1.52
Min
0.00
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

NiSource (NI) at 2.21 is valued about in line with its industry on P/B ratio, while Constellation Energy (CEG) at 2.78 carries an above-peer premium to book — CEG is pricier on assets.

CEG

Utilities industry group

2.78

Max
3.12
CEG
2.78
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34

NI

Utilities industry group

2.21

Max
3.12
Q3
2.21
NI
2.21
Median
1.83
Q1
1.46
Min
0.34
Loading chart…
Constellation Energy (CEG) vs. NiSource (NI): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Constellation Energy (CEG) and NiSource (NI)
MetricCEGNI
P/E Ratio (TTM)24.4322.64
P/S Ratio (TTM)2.833.04
P/B Ratio (MRQ)2.782.21
Free Cash Flow Yield (TTM)-7.48%-10.51%