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NI vs. SBS: NiSource vs. Sabesp Stock Comparison

How do NiSource (NI) and Sabesp (SBS) 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 Sabesp (SBS) both fall under the Utilities industry group, but NI is classified in Multi-Utilities while SBS is classified in Water Utilities.

NiSource (NI) trades as ordinary local shares, while Sabesp (SBS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for NiSource (NI) and Sabesp (SBS)
Profile ItemNISBS
NameNiSource Inc.Companhia de Saneamento Básico do Estado de São Paulo - SABESP ADR
Country/RegionUnited StatesBrazil
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesWater Utilities
GICS Sub-IndustryMulti-UtilitiesWater Utilities
Market Capitalization21.18 billion USD16.96 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973May 10, 2002
Security TypeCommon StockADR

Price Performance

Cumulative Growth

NI
SBS
GSPC
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NiSource (NI) vs. Sabesp (SBS), 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 Sabesp (SBS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
Total Return (1Y)6.11%-3.72%
Total Return (3Y, Annualized)25.66%28.33%
Total Return (5Y, Annualized)16.11%32.85%

Risk Profile

Drawdown History

NI
SBS
GSPC
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NiSource (NI) vs. Sabesp (SBS), 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 Sabesp (SBS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
Volatility (1Y, Annualized)18.23%46.80%
Beta (5Y)0.530.76
Max Drawdown (5Y)-24.76%-37.59%
Avg. Volume (3M)5.64M11.85M

Risk-Adjusted Performance

Risk-Return Positioning

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NI and SBS 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 Sabesp (SBS)
MetricNISBS
Sharpe Ratio (1Y)0.10-0.17
Sortino Ratio (1Y)0.14-0.22

Profitability

ROE (TTM)

Sabesp (SBS) at 16.27% sits in the top ROE quartile, while NiSource (NI) at 8.71% is closer to the peer norm — stronger capital efficiency for SBS.

NI

Utilities industry group

8.71%

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

SBS

Utilities industry group

16.27%

Max
17.99%
SBS
16.27%
Q3
12.01%
Median
9.44%
Q1
7.56%
Min
2.17%
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NiSource (NI) vs. Sabesp (SBS): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Sabesp (SBS) at 17.52% retains a top-quartile share of revenue as profit, ahead of NiSource (NI) at 13.51%, which keeps about the industry-typical share.

NI

Utilities industry group

13.51%

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

SBS

Utilities industry group

17.52%

Max
28.78%
SBS
17.52%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
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NiSource (NI) vs. Sabesp (SBS): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both NiSource (NI) at 25.20% and Sabesp (SBS) at 29.28% 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%

SBS

Utilities industry group

29.28%

Max
53.83%
Q3
31.12%
SBS
29.28%
Median
23.62%
Q1
15.45%
Min
-4.90%
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NiSource (NI) vs. Sabesp (SBS): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
ROE (TTM)8.71%16.27%
ROA (TTM)3.25%8.08%
Net Margin (TTM)13.51%17.52%
Operating Margin (TTM)25.20%29.28%
Gross Margin (TTM)50.92%36.96%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while Sabesp (SBS) at 5.39% is closer to the peer norm — faster top-line expansion for NI.

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NiSource (NI) vs. Sabesp (SBS): 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 Sabesp (SBS) at -11.79% is in the bottom quartile, showing a clear gap in earnings momentum.

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

Growth Metrics

Growth metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
Revenue Growth (YoY)21.76%5.39%
Revenue Growth (3Y CAGR)4.32%19.98%
EPS Growth (YoY)20.37%-11.79%
EPS Growth (3Y CAGR)4.68%40.65%

Financial Strength

Current Ratio (MRQ)

Sabesp (SBS) at 1.22 carries current ratio above its industry’s typical mid-range, while NiSource (NI) at 0.50 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

NI

Utilities industry group

0.50

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

SBS

Utilities industry group

1.22

Max
1.90
SBS
1.22
Q3
1.17
Median
0.88
Q1
0.66
Min
0.29
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NiSource (NI) vs. Sabesp (SBS): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both NiSource (NI) at 1.53 and Sabesp (SBS) at 0.99 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NI

Utilities industry group

1.53

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

SBS

Utilities industry group

0.99

Max
2.63
Q3
1.77
Median
1.35
SBS
0.99
Q1
0.84
Min
0.00
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NiSource (NI) vs. Sabesp (SBS): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
Current Ratio (MRQ)0.501.22
Debt / Equity (MRQ)1.530.99
Net Debt / EBITDA5.872.30

Dividends

Dividend Yield (TTM)

Sabesp (SBS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile NiSource (NI) reports a yield of 0.68%, ranking against industry peers normally.

NI

Utilities industry group

0.68%

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

SBS

Utilities industry group

0.00%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
SBS
0.00%
Min
0.00%
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NiSource (NI) vs. Sabesp (SBS): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both NiSource (NI) at 60.51% and Sabesp (SBS) at 35.95% 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%

SBS

Utilities industry group

35.95%

Max
113.04%
Q3
68.72%
Median
56.38%
SBS
35.95%
Q1
32.38%
Min
0.00%
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NiSource (NI) vs. Sabesp (SBS): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
Dividend Yield (TTM)0.68%0.00%
Dividend Payout Ratio (TTM)60.51%35.95%

Valuation

P/E Ratio (TTM)

Sabesp (SBS) at 11.73 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 SBS, 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

SBS

Utilities industry group

11.73

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
SBS
11.73
Min
3.34
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NiSource (NI) vs. Sabesp (SBS): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Sabesp (SBS) at 0.41 sits in the cheaper P/S ratio quartile while NiSource (NI) at 3.04 prices around its industry’s middle — SBS 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

SBS

Utilities industry group

0.41

Max
6.35
Q3
3.63
Median
2.63
Q1
1.52
SBS
0.41
Min
0.00
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NiSource (NI) vs. Sabesp (SBS): 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 Sabesp (SBS) at 1.84 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

SBS

Utilities industry group

1.84

Max
3.12
Q3
2.21
SBS
1.84
Median
1.83
Q1
1.46
Min
0.34
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NiSource (NI) vs. Sabesp (SBS): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for NiSource (NI) and Sabesp (SBS)
MetricNISBS
P/E Ratio (TTM)22.6411.73
P/S Ratio (TTM)3.040.41
P/B Ratio (MRQ)2.211.84
Free Cash Flow Yield (TTM)-10.51%-62.11%