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NI vs. PCG: NiSource vs. PG&E Stock Comparison

How do NiSource (NI) and PG&E (PCG) 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

NiSource (NI) and PG&E (PCG) both fall under the Utilities industry group, but NI is classified in Multi-Utilities while PCG is classified in Electric Utilities.

Company profile comparison for NiSource (NI) and PG&E (PCG)
Profile ItemNIPCG
NameNiSource Inc.PG&E Corporation
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesElectric Utilities
GICS Sub-IndustryMulti-UtilitiesElectric Utilities
Market Capitalization21.18 billion USD28.57 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973June 1, 1972
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NI
PCG
GSPC
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NiSource (NI) vs. PG&E (PCG), 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 NiSource (NI) and PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for NiSource (NI) and PG&E (PCG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
Total Return (1Y)6.11%-19.03%
Total Return (3Y, Annualized)25.66%-6.50%
Total Return (5Y, Annualized)16.11%2.05%

Risk Profile

Drawdown History

NI
PCG
GSPC
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NiSource (NI) vs. PG&E (PCG), 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 NiSource (NI) and PG&E (PCG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
Volatility (1Y, Annualized)18.23%34.84%
Beta (5Y)0.530.17
Max Drawdown (5Y)-24.76%-43.92%
Avg. Volume (3M)5.64M39.33M

Risk-Adjusted Performance

Risk-Return Positioning

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NI and PCG 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 NiSource (NI) and PG&E (PCG)
MetricNIPCG
Sharpe Ratio (1Y)0.10-0.67
Sortino Ratio (1Y)0.14-0.81

Profitability

ROE (TTM)

Both NiSource (NI) at 8.71% and PG&E (PCG) at 8.89% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

NI

Utilities industry group

8.71%

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

PCG

Utilities industry group

8.89%

Max
17.99%
Q3
12.01%
Median
9.44%
PCG
8.89%
Q1
7.56%
Min
2.17%
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NiSource (NI) vs. PG&E (PCG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both NiSource (NI) at 13.51% and PG&E (PCG) at 11.57% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

NI

Utilities industry group

13.51%

Max
28.78%
Q3
17.30%
NI
13.51%
Median
12.73%
Q1
9.18%
Min
-0.20%

PCG

Utilities industry group

11.57%

Max
28.78%
Q3
17.30%
Median
12.73%
PCG
11.57%
Q1
9.18%
Min
-0.20%
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NiSource (NI) vs. PG&E (PCG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both NiSource (NI) at 25.20% and PG&E (PCG) at 23.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NI

Utilities industry group

25.20%

Max
53.83%
Q3
31.12%
NI
25.20%
Median
23.62%
Q1
15.45%
Min
-4.90%

PCG

Utilities industry group

23.64%

Max
53.83%
Q3
31.12%
PCG
23.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
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NiSource (NI) vs. PG&E (PCG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
ROE (TTM)8.71%8.89%
ROA (TTM)3.25%2.59%
Net Margin (TTM)13.51%11.57%
Operating Margin (TTM)25.20%23.64%
Gross Margin (TTM)50.92%40.57%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while PG&E (PCG) at 2.11% is in the bottom quartile, showing a clear gap in revenue momentum.

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NiSource (NI) vs. PG&E (PCG): 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 PG&E (PCG) at 2.61% is closer to the peer norm — faster per-share earnings growth for NI.

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NiSource (NI) vs. PG&E (PCG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
Revenue Growth (YoY)21.76%2.11%
Revenue Growth (3Y CAGR)4.32%4.77%
EPS Growth (YoY)20.37%2.61%
EPS Growth (3Y CAGR)4.68%12.00%

Financial Strength

Current Ratio (MRQ)

PG&E (PCG) 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.

NI

Utilities industry group

0.50

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

PCG

Utilities industry group

1.03

Max
1.90
Q3
1.17
PCG
1.03
Median
0.88
Q1
0.66
Min
0.29
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NiSource (NI) vs. PG&E (PCG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

NiSource (NI) at 1.53 carries an industry-typical debt-to-equity mix, while PG&E (PCG) at 1.88 uses more debt funding than most peers.

NI

Utilities industry group

1.53

Max
2.63
Q3
1.77
NI
1.53
Median
1.35
Q1
0.84
Min
0.00

PCG

Utilities industry group

1.88

Max
2.63
PCG
1.88
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
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NiSource (NI) vs. PG&E (PCG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
Current Ratio (MRQ)0.501.03
Debt / Equity (MRQ)1.531.88
Net Debt / EBITDA5.876.05

Dividends

Dividend Yield (TTM)

Both NiSource (NI) at 0.68% and PG&E (PCG) at 1.51% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NI

Utilities industry group

0.68%

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

PCG

Utilities industry group

1.51%

Max
6.66%
Q3
3.58%
Median
2.85%
PCG
1.51%
Q1
0.66%
Min
0.00%
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NiSource (NI) vs. PG&E (PCG): 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; PG&E (PCG) at 14.81% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.

NI

Utilities industry group

60.51%

Max
113.04%
Q3
68.72%
NI
60.51%
Median
56.38%
Q1
32.38%
Min
0.00%

PCG

Utilities industry group

14.81%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
PCG
14.81%
Min
0.00%
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NiSource (NI) vs. PG&E (PCG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
Dividend Yield (TTM)0.68%1.51%
Dividend Payout Ratio (TTM)60.51%14.81%

Valuation

P/E Ratio (TTM)

PG&E (PCG) at 9.61 sits in the cheaper P/E ratio quartile, while NiSource (NI) at 22.64 is closer to its industry’s usual earnings multiple — a discount for PCG, though growth and earnings durability still matter.

NI

Utilities industry group

22.64

Max
31.22
Q3
23.30
NI
22.64
Median
19.64
Q1
15.17
Min
3.34

PCG

Utilities industry group

9.61

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
PCG
9.61
Min
3.34
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NiSource (NI) vs. PG&E (PCG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

PG&E (PCG) at 1.11 sits in the cheaper P/S ratio quartile while NiSource (NI) at 3.04 prices around its industry’s middle — PCG costs less per dollar of sales, though read it alongside growth and margins.

NI

Utilities industry group

3.04

Max
6.35
Q3
3.63
NI
3.04
Median
2.63
Q1
1.52
Min
0.00

PCG

Utilities industry group

1.11

Max
6.35
Q3
3.63
Median
2.63
Q1
1.52
PCG
1.11
Min
0.00
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NiSource (NI) vs. PG&E (PCG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

PG&E (PCG) at 0.87 sits in the lower P/B ratio quartile against book while NiSource (NI) at 2.21 is valued near its industry’s middle — PCG is cheaper on assets, though weigh it against ROE and asset quality.

NI

Utilities industry group

2.21

Max
3.12
Q3
2.21
NI
2.21
Median
1.83
Q1
1.46
Min
0.34

PCG

Utilities industry group

0.87

Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
PCG
0.87
Min
0.34
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NiSource (NI) vs. PG&E (PCG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for NiSource (NI) and PG&E (PCG)
MetricNIPCG
P/E Ratio (TTM)22.649.61
P/S Ratio (TTM)3.041.11
P/B Ratio (MRQ)2.210.87
Free Cash Flow Yield (TTM)-10.51%-22.73%