Seek Returns

NI vs. PNW: NiSource vs. Pinnacle West Capital Stock Comparison

How do NiSource (NI) and Pinnacle West Capital (PNW) 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 Pinnacle West Capital (PNW) both fall under the Utilities industry group, but NI is classified in Multi-Utilities while PNW is classified in Electric Utilities.

Company profile comparison for NiSource (NI) and Pinnacle West Capital (PNW)
Profile ItemNIPNW
NameNiSource Inc.Pinnacle West Capital Corporation
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesElectric Utilities
GICS Sub-IndustryMulti-UtilitiesElectric Utilities
Market Capitalization21.18 billion USD12.63 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973February 21, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NI
PNW
GSPC
Loading price history…
NiSource (NI) vs. Pinnacle West Capital (PNW), 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 NiSource (NI) and Pinnacle West Capital (PNW). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for NiSource (NI) and Pinnacle West Capital (PNW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
Total Return (1Y)6.11%24.23%
Total Return (3Y, Annualized)25.66%18.78%
Total Return (5Y, Annualized)16.11%15.87%

Risk Profile

Drawdown History

NI
PNW
GSPC
Loading price history…
NiSource (NI) vs. Pinnacle West Capital (PNW), 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 NiSource (NI) and Pinnacle West Capital (PNW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
Volatility (1Y, Annualized)18.23%17.21%
Beta (5Y)0.530.48
Max Drawdown (5Y)-24.76%-24.02%
Avg. Volume (3M)5.64M1.28M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
NI and PNW 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 Pinnacle West Capital (PNW)
MetricNIPNW
Sharpe Ratio (1Y)0.101.16
Sortino Ratio (1Y)0.141.77

Profitability

ROE (TTM)

Both NiSource (NI) at 8.71% and Pinnacle West Capital (PNW) at 9.09% 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%

PNW

Utilities industry group

9.09%

Max
17.99%
Q3
12.01%
Median
9.44%
PNW
9.09%
Q1
7.56%
Min
2.17%
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both NiSource (NI) at 13.51% and Pinnacle West Capital (PNW) at 11.59% 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%

PNW

Utilities industry group

11.59%

Max
28.78%
Q3
17.30%
Median
12.73%
PNW
11.59%
Q1
9.18%
Min
-0.20%
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Pinnacle West Capital (PNW) at 31.70% operates in the top operating margin quartile, ahead of NiSource (NI) at 25.20%, which runs around its industry’s norm.

NI

Utilities industry group

25.20%

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

PNW

Utilities industry group

31.70%

Max
53.83%
PNW
31.70%
Q3
31.12%
Median
23.62%
Q1
15.45%
Min
-4.90%
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
ROE (TTM)8.71%9.09%
ROA (TTM)3.25%2.36%
Net Margin (TTM)13.51%11.59%
Operating Margin (TTM)25.20%31.70%
Gross Margin (TTM)50.92%43.84%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while Pinnacle West Capital (PNW) at 4.20% is closer to the peer norm — faster top-line expansion for NI.

Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): 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 Pinnacle West Capital (PNW) at -3.63% is closer to the peer norm — faster per-share earnings growth for NI.

Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
Revenue Growth (YoY)21.76%4.20%
Revenue Growth (3Y CAGR)4.32%7.28%
EPS Growth (YoY)20.37%-3.63%
EPS Growth (3Y CAGR)4.68%5.83%

Financial Strength

Current Ratio (MRQ)

Pinnacle West Capital (PNW) at 0.71 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

PNW

Utilities industry group

0.71

Max
1.90
Q3
1.17
Median
0.88
PNW
0.71
Q1
0.66
Min
0.29
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): 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 Pinnacle West Capital (PNW) at 2.26 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

PNW

Utilities industry group

2.26

Max
2.63
PNW
2.26
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
Current Ratio (MRQ)0.500.71
Debt / Equity (MRQ)1.532.26
Net Debt / EBITDA5.877.67

Dividends

Dividend Yield (TTM)

Both NiSource (NI) at 0.68% and Pinnacle West Capital (PNW) at 3.51% 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%

PNW

Utilities industry group

3.51%

Max
6.66%
Q3
3.58%
PNW
3.51%
Median
2.85%
Q1
0.66%
Min
0.00%
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both NiSource (NI) at 60.51% and Pinnacle West Capital (PNW) at 68.42% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NI

Utilities industry group

60.51%

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

PNW

Utilities industry group

68.42%

Max
113.04%
Q3
68.72%
PNW
68.42%
Median
56.38%
Q1
32.38%
Min
0.00%
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
Dividend Yield (TTM)0.68%3.51%
Dividend Payout Ratio (TTM)60.51%68.42%

Valuation

P/E Ratio (TTM)

Both NiSource (NI) at 22.64 and Pinnacle West Capital (PNW) at 19.59 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

NI

Utilities industry group

22.64

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

PNW

Utilities industry group

19.59

Max
31.22
Q3
23.30
Median
19.64
PNW
19.59
Q1
15.17
Min
3.34
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both NiSource (NI) at 3.04 and Pinnacle West Capital (PNW) at 2.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NI

Utilities industry group

3.04

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

PNW

Utilities industry group

2.21

Max
6.35
Q3
3.63
Median
2.63
PNW
2.21
Q1
1.52
Min
0.00
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both NiSource (NI) at 2.21 and Pinnacle West Capital (PNW) at 1.69 are valued close to their industries’ norm against book — neither stands out from peers.

NI

Utilities industry group

2.21

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

PNW

Utilities industry group

1.69

Max
3.12
Q3
2.21
Median
1.83
PNW
1.69
Q1
1.46
Min
0.34
Loading chart…
NiSource (NI) vs. Pinnacle West Capital (PNW): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for NiSource (NI) and Pinnacle West Capital (PNW)
MetricNIPNW
P/E Ratio (TTM)22.6419.59
P/S Ratio (TTM)3.042.21
P/B Ratio (MRQ)2.211.69
Free Cash Flow Yield (TTM)-10.51%-7.90%