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FTS vs. NI: Fortis vs. NiSource Stock Comparison

How do Fortis (FTS) 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

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

Company profile comparison for Fortis (FTS) and NiSource (NI)
Profile ItemFTSNI
NameFortis Inc.NiSource Inc.
Country/RegionCanadaUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesMulti-Utilities
GICS Sub-IndustryElectric UtilitiesMulti-Utilities
Market Capitalization31.00 billion USD21.18 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 5, 2010February 21, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FTS
NI
GSPC
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Fortis (FTS) 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 Fortis (FTS) and NiSource (NI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
Total Return (1Y)19.13%6.11%
Total Return (3Y, Annualized)17.59%25.66%
Total Return (5Y, Annualized)9.53%16.11%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
Volatility (1Y, Annualized)14.85%18.23%
Beta (5Y)0.400.53
Max Drawdown (5Y)-30.13%-24.76%
Avg. Volume (3M)879.23K5.64M

Risk-Adjusted Performance

Risk-Return Positioning

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FTS 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 Fortis (FTS) and NiSource (NI)
MetricFTSNI
Sharpe Ratio (1Y)1.000.10
Sortino Ratio (1Y)1.530.14

Profitability

ROE (TTM)

NiSource (NI) at 8.71% is around its peer norm for ROE, while Fortis (FTS) at 7.55% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

FTS

Utilities industry group

7.55%

Max
17.99%
Q3
12.01%
Median
9.44%
Q1
7.56%
FTS
7.55%
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%
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Fortis (FTS) vs. NiSource (NI): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Fortis (FTS) at 15.01% 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.

FTS

Utilities industry group

15.01%

Max
28.78%
Q3
17.30%
FTS
15.01%
Median
12.73%
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%
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Fortis (FTS) vs. NiSource (NI): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Fortis (FTS) at 30.69% and NiSource (NI) at 25.20% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FTS

Utilities industry group

30.69%

Max
53.83%
Q3
31.12%
FTS
30.69%
Median
23.62%
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%
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Fortis (FTS) vs. NiSource (NI): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
ROE (TTM)7.55%8.71%
ROA (TTM)2.93%3.25%
Net Margin (TTM)15.01%13.51%
Operating Margin (TTM)30.69%25.20%
Gross Margin (TTM)45.52%50.92%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while Fortis (FTS) at 5.75% is closer to the peer norm — faster top-line expansion for NI.

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Fortis (FTS) 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 Fortis (FTS) at 4.94% is closer to the peer norm — faster per-share earnings growth for NI.

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

Growth Metrics

Growth metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
Revenue Growth (YoY)5.75%21.76%
Revenue Growth (3Y CAGR)3.29%4.32%
EPS Growth (YoY)4.94%20.37%
EPS Growth (3Y CAGR)6.94%4.68%

Financial Strength

Current Ratio (MRQ)

Fortis (FTS) at 0.69 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.

FTS

Utilities industry group

0.69

Max
1.90
Q3
1.17
Median
0.88
FTS
0.69
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
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Fortis (FTS) vs. NiSource (NI): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both Fortis (FTS) at 1.35 and NiSource (NI) at 1.53 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FTS

Utilities industry group

1.35

Max
2.63
Q3
1.77
FTS
1.35
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
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Fortis (FTS) vs. NiSource (NI): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
Current Ratio (MRQ)0.690.50
Debt / Equity (MRQ)1.351.53
Net Debt / EBITDA6.225.87

Dividends

Dividend Yield (TTM)

Fortis (FTS) at 4.18% delivers top-quartile income for its industry, while NiSource (NI) at 0.68% pays a more typical yield — both are credible income propositions, FTS the richer one.

FTS

Utilities industry group

4.18%

Max
6.66%
FTS
4.18%
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%
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Fortis (FTS) 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 Fortis (FTS) at 72.73% distributes more than its industry norm — less retained, thinner cover.

FTS

Utilities industry group

72.73%

Max
113.04%
FTS
72.73%
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%
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Fortis (FTS) vs. NiSource (NI): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
Dividend Yield (TTM)4.18%0.68%
Dividend Payout Ratio (TTM)72.73%60.51%

Valuation

P/E Ratio (TTM)

NiSource (NI) at 22.64 is near its industry’s usual P/E ratio, while Fortis (FTS) at 23.66 sits in the richer quartile — FTS needs stronger growth or earnings quality to justify the premium.

FTS

Utilities industry group

23.66

Max
31.22
FTS
23.66
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
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Fortis (FTS) 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 Fortis (FTS) at 2.47 and NiSource (NI) at 3.04 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FTS

Utilities industry group

2.47

Max
6.35
Q3
3.63
Median
2.63
FTS
2.47
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
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Fortis (FTS) 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 Fortis (FTS) at 1.79 and NiSource (NI) at 2.21 are valued close to their industries’ norm against book — neither stands out from peers.

FTS

Utilities industry group

1.79

Max
3.12
Q3
2.21
Median
1.83
FTS
1.79
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
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Fortis (FTS) vs. NiSource (NI): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Fortis (FTS) and NiSource (NI)
MetricFTSNI
P/E Ratio (TTM)23.6622.64
P/S Ratio (TTM)2.473.04
P/B Ratio (MRQ)1.792.21
Free Cash Flow Yield (TTM)-9.42%-10.51%