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NiSource is one of the nation's largest natural gas distribution companies with 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource’s electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.
1987
7.7K+
LTM Revenue $5.8B
LTM EBITDA $2.7B
$33.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
NiSource has a last 12-month revenue (LTM) of $5.8B and a last 12-month EBITDA of $2.7B.
In the most recent fiscal year, NiSource achieved revenue of $5.5B and an EBITDA of $2.6B.
NiSource expects next 12-month revenue of XXX and NTM EBITDA of XXX
See NiSource valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $5.8B | XXX | $5.5B | XXX | XXX | XXX |
| Gross Profit | $4.6B | XXX | $2.8B | XXX | XXX | XXX |
| Gross Margin | 80% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | $2.7B | XXX | $2.6B | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 47% | XXX | XXX | XXX |
| EBIT | $1.6B | XXX | $1.5B | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $840M | XXX | $760M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $13.8B | XXX | XXX | XXX |
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As of May 30, 2025, NiSource's stock price is $40.
NiSource has current market cap of $18.6B, and EV of $33.2B.
See NiSource trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $33.2B | $18.6B | XXX | XXX | XXX | XXX | $1.80 |
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Start Free TrialAs of May 30, 2025, NiSource has market cap of $18.6B and EV of $33.2B.
NiSource's trades at 6.1x EV/Revenue multiple, and 12.9x EV/EBITDA.
Equity research analysts estimate NiSource's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NiSource has a P/E ratio of 22.2x.
See valuation multiples for NiSource and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18.6B | XXX | $18.6B | XXX | XXX | XXX |
| EV (current) | $33.2B | XXX | $33.2B | XXX | XXX | XXX |
| EV/Revenue | 5.7x | XXX | 6.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.3x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBIT | 20.3x | XXX | 22.9x | XXX | XXX | XXX |
| EV/Gross Profit | 7.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 22.2x | XXX | 24.5x | XXX | XXX | XXX |
| EV/FCF | -41.7x | XXX | -38.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNiSource's last 12 month revenue growth is 6%
NiSource's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.2M for the same period.
NiSource's rule of 40 is 47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NiSource's rule of X is 62% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for NiSource and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 47% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | 47% | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 62% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 25% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NiSource acquired XXX companies to date.
Last acquisition by NiSource was XXXXXXXX, XXXXX XXXXX XXXXXX . NiSource acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was NiSource founded? | NiSource was founded in 1987. |
| Where is NiSource headquartered? | NiSource is headquartered in United States of America. |
| How many employees does NiSource have? | As of today, NiSource has 7.7K+ employees. |
| Who is the CEO of NiSource? | NiSource's CEO is Mr. Lloyd M. Yates. |
| Is NiSource publicy listed? | Yes, NiSource is a public company listed on NYS. |
| What is the stock symbol of NiSource? | NiSource trades under NI ticker. |
| When did NiSource go public? | NiSource went public in 1988. |
| Who are competitors of NiSource? | Similar companies to NiSource include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of NiSource? | NiSource's current market cap is $18.6B |
| What is the current revenue of NiSource? | NiSource's last 12 months revenue is $5.8B. |
| What is the current revenue growth of NiSource? | NiSource revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of NiSource? | Current revenue multiple of NiSource is 5.7x. |
| Is NiSource profitable? | Yes, NiSource is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NiSource? | NiSource's last 12 months EBITDA is $2.7B. |
| What is NiSource's EBITDA margin? | NiSource's last 12 months EBITDA margin is 46%. |
| What is the current EV/EBITDA multiple of NiSource? | Current EBITDA multiple of NiSource is 12.3x. |
| What is the current FCF of NiSource? | NiSource's last 12 months FCF is -$797M. |
| What is NiSource's FCF margin? | NiSource's last 12 months FCF margin is -14%. |
| What is the current EV/FCF multiple of NiSource? | Current FCF multiple of NiSource is -41.7x. |
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