EXC vs. NI: Exelon vs. NiSource Stock Comparison

November 11, 2026

How do Exelon (EXC) 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

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

Company profile comparison for Exelon (EXC) and NiSource (NI)
Profile Item	EXC	NI
Name	Exelon Corp.	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	47.21 billion USD	21.18 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	May 2, 1973	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EXC

GSPC

Exelon (EXC) 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 Exelon (EXC) and NiSource (NI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
Total Return (1Y)	2.39%	6.11%
Total Return (3Y, Annualized)	9.20%	25.66%
Total Return (5Y, Annualized)	7.16%	16.11%

Risk Profile

Drawdown History

EXC

GSPC

Exelon (EXC) 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 Exelon (EXC) and NiSource (NI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
Volatility (1Y, Annualized)	20.24%	18.23%
Beta (5Y)	0.24	0.53
Max Drawdown (5Y)	-29.05%	-24.76%
Avg. Volume (3M)	7.62M	5.64M

Risk-Adjusted Performance

Risk-Return Positioning

EXC 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 Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
Sharpe Ratio (1Y)	-0.09	0.10
Sortino Ratio (1Y)	-0.14	0.14

Profitability

ROE (TTM)

Both Exelon (EXC) at 9.06% and NiSource (NI) at 8.71% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

EXC

Utilities industry group

9.06%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
EXC: 9.06%
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%

Exelon (EXC) vs. NiSource (NI): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Exelon (EXC) at 10.17% 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.

EXC

Utilities industry group

10.17%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
EXC: 10.17%
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%

Exelon (EXC) vs. NiSource (NI): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Exelon (EXC) at 19.18% and NiSource (NI) at 25.20% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EXC

Utilities industry group

19.18%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
EXC: 19.18%
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%

Exelon (EXC) vs. NiSource (NI): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
ROE (TTM)	9.06%	8.71%
ROA (TTM)	2.72%	3.25%
Net Margin (TTM)	10.17%	13.51%
Operating Margin (TTM)	19.18%	25.20%
Gross Margin (TTM)	41.50%	50.92%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while Exelon (EXC) at 5.34% is closer to the peer norm — faster top-line expansion for NI.

Exelon (EXC) 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 Exelon (EXC) at 10.61% is closer to the peer norm — faster per-share earnings growth for NI.

Exelon (EXC) vs. NiSource (NI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
Revenue Growth (YoY)	5.34%	21.76%
Revenue Growth (3Y CAGR)	8.34%	4.32%
EPS Growth (YoY)	10.61%	20.37%
EPS Growth (3Y CAGR)	9.19%	4.68%

Financial Strength

Current Ratio (MRQ)

Exelon (EXC) at 1.03 keeps current ratio within its industry’s typical mid-range, while NiSource (NI) at 0.50 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NI.

EXC

Utilities industry group

1.03

Max: 1.90
Q3: 1.17
EXC: 1.03
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

Exelon (EXC) vs. NiSource (NI): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both Exelon (EXC) at 1.77 and NiSource (NI) at 1.53 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EXC

Utilities industry group

1.77

Max: 2.63
Q3: 1.77
EXC: 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

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

Financial Strength Metrics

Financial strength metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
Current Ratio (MRQ)	1.03	0.50
Debt / Equity (MRQ)	1.77	1.53
Net Debt / EBITDA	6.21	5.87

Dividends

Dividend Yield (TTM)

Both Exelon (EXC) at 3.57% and NiSource (NI) at 0.68% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

EXC

Utilities industry group

3.57%

Max: 6.66%
Q3: 3.58%
EXC: 3.57%
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%

Exelon (EXC) vs. NiSource (NI): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Exelon (EXC) at 64.84% and NiSource (NI) at 60.51% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EXC

Utilities industry group

64.84%

Max: 113.04%
Q3: 68.72%
EXC: 64.84%
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%

Exelon (EXC) vs. NiSource (NI): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
Dividend Yield (TTM)	3.57%	0.68%
Dividend Payout Ratio (TTM)	64.84%	60.51%

Valuation

P/E Ratio (TTM)

Both Exelon (EXC) at 17.82 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.

EXC

Utilities industry group

17.82

Max: 31.22
Q3: 23.30
Median: 19.64
EXC: 17.82
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

Exelon (EXC) 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 Exelon (EXC) at 1.82 and NiSource (NI) at 3.04 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

EXC

Utilities industry group

1.82

Max: 6.35
Q3: 3.63
Median: 2.63
EXC: 1.82
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

Exelon (EXC) 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 Exelon (EXC) at 1.57 and NiSource (NI) at 2.21 are valued close to their industries’ norm against book — neither stands out from peers.

EXC

Utilities industry group

1.57

Max: 3.12
Q3: 2.21
Median: 1.83
EXC: 1.57
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

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

Valuation Metrics

Valuation metrics for Exelon (EXC) and NiSource (NI)
Metric	EXC	NI
P/E Ratio (TTM)	17.82	22.64
P/S Ratio (TTM)	1.82	3.04
P/B Ratio (MRQ)	1.57	2.21
Free Cash Flow Yield (TTM)	-6.97%	-10.51%