ES vs. NI: Eversource Energy vs. NiSource Stock Comparison

November 11, 2026

How do Eversource Energy (ES) 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

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

Company profile comparison for Eversource Energy (ES) and NiSource (NI)
Profile Item	ES	NI
Name	Eversource Energy	NiSource Inc.
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Multi-Utilities
GICS Sub-Industry	Electric Utilities	Multi-Utilities
Market Capitalization	26.31 billion USD	21.18 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GSPC

Eversource Energy (ES) 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

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Trailing total returns for Eversource Energy (ES) and NiSource (NI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eversource Energy (ES) and NiSource (NI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
Total Return (1Y)	0.35%	6.11%
Total Return (3Y, Annualized)	14.06%	25.66%
Total Return (5Y, Annualized)	0.61%	16.11%

Risk Profile

Drawdown History

GSPC

Eversource Energy (ES) 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

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Distribution of monthly total returns for Eversource Energy (ES) and NiSource (NI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
Volatility (1Y, Annualized)	24.60%	18.23%
Beta (5Y)	0.65	0.53
Max Drawdown (5Y)	-41.69%	-24.76%
Avg. Volume (3M)	2.53M	5.64M

Risk-Adjusted Performance

Risk-Return Positioning

ES 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 Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
Sharpe Ratio (1Y)	-0.16	0.10
Sortino Ratio (1Y)	-0.20	0.14

Profitability

ROE (TTM)

Capital efficiency shows on one side only: NiSource (NI) earns 8.71% on shareholders’ equity, ranked against its industry; Eversource Energy (ES) has no ROE this period.

ES

Utilities industry group

Max: 17.99%
Q3: 12.01%
Median: 9.44%
Q1: 7.56%
Min: 2.17%
ES: --

NI

Utilities industry group

8.71%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
NI: 8.71%
Q1: 7.56%
Min: 2.17%

Eversource Energy (ES) vs. NiSource (NI): ES does not report ROE, so it has no value marker; NI is benchmarked against the Utilities industry group.

Net Margin (TTM)

Both Eversource Energy (ES) at 10.38% 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.

ES

Utilities industry group

10.38%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
ES: 10.38%
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%

Eversource Energy (ES) vs. NiSource (NI): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Eversource Energy (ES) at 21.14% and NiSource (NI) at 25.20% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ES

Utilities industry group

21.14%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
ES: 21.14%
Q1: 15.45%
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%

Eversource Energy (ES) vs. NiSource (NI): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
ROE (TTM)	--	8.71%
ROA (TTM)	--	3.25%
Net Margin (TTM)	10.38%	13.51%
Operating Margin (TTM)	21.14%	25.20%
Gross Margin (TTM)	51.63%	50.92%

Growth

Revenue Growth

Both Eversource Energy (ES) at 13.83% and NiSource (NI) at 21.76% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Eversource Energy (ES) vs. NiSource (NI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Eversource Energy (ES) at 100.88% is the standout with EPS growth above its industry range; NiSource (NI) at 20.37% also sits in the top quartile.

Eversource Energy (ES) vs. NiSource (NI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
Revenue Growth (YoY)	13.83%	21.76%
Revenue Growth (3Y CAGR)	3.30%	4.32%
EPS Growth (YoY)	100.88%	20.37%
EPS Growth (3Y CAGR)	4.03%	4.68%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: NiSource (NI) shows current ratio of 0.50 against its industry benchmark, while Eversource Energy (ES) has no reading this period.

ES

Utilities industry group

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
Min: 0.29
ES: --

NI

Utilities industry group

0.50

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
NI: 0.50
Min: 0.29

Eversource Energy (ES) vs. NiSource (NI): ES does not report current ratio, so it has no value marker; NI is benchmarked against the Utilities industry group.

Debt / Equity (MRQ)

NiSource (NI) at 1.53 carries an industry-typical debt-to-equity mix, while Eversource Energy (ES) at 1.81 uses more debt funding than most peers.

ES

Utilities industry group

1.81

Max: 2.63
ES: 1.81
Q3: 1.77
Median: 1.35
Q1: 0.84
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

Eversource Energy (ES) vs. NiSource (NI): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
Current Ratio (MRQ)	--	0.50
Debt / Equity (MRQ)	1.81	1.53
Net Debt / EBITDA	5.73	5.87

Dividends

Dividend Yield (TTM)

Eversource Energy (ES) at 4.33% delivers top-quartile income for its industry, while NiSource (NI) at 0.68% pays a more typical yield — both are credible income propositions, ES the richer one.

ES

Utilities industry group

4.33%

Max: 6.66%
ES: 4.33%
Q3: 3.58%
Median: 2.85%
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%

Eversource Energy (ES) vs. NiSource (NI): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

NiSource (NI) at 60.51% pays out a band-typical share of earnings, while Eversource Energy (ES) at 82.19% distributes more than its industry norm — less retained, thinner cover.

ES

Utilities industry group

82.19%

Max: 113.04%
ES: 82.19%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
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%

Eversource Energy (ES) vs. NiSource (NI): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
Dividend Yield (TTM)	4.33%	0.68%
Dividend Payout Ratio (TTM)	82.19%	60.51%

Valuation

P/E Ratio (TTM)

Both Eversource Energy (ES) at 18.43 and NiSource (NI) at 22.64 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ES

Utilities industry group

18.43

Max: 31.22
Q3: 23.30
Median: 19.64
ES: 18.43
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

Eversource Energy (ES) 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 Eversource Energy (ES) at 1.91 and NiSource (NI) at 3.04 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ES

Utilities industry group

1.91

Max: 6.35
Q3: 3.63
Median: 2.63
ES: 1.91
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

Eversource Energy (ES) vs. NiSource (NI): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Eversource Energy (ES) at 1.61 and NiSource (NI) at 2.21 are valued close to their industries’ norm against book — neither stands out from peers.

ES

Utilities industry group

1.61

Max: 3.12
Q3: 2.21
Median: 1.83
ES: 1.61
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

Eversource Energy (ES) vs. NiSource (NI): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Eversource Energy (ES) and NiSource (NI)
Metric	ES	NI
P/E Ratio (TTM)	18.43	22.64
P/S Ratio (TTM)	1.91	3.04
P/B Ratio (MRQ)	1.61	2.21
Free Cash Flow Yield (TTM)	--	-10.51%