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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 $2.6B
$32.4B
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 of $5.8B and a last 12-month EBITDA of $2.6B.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.5B | XXX | XXX | XXX |
| Gross Profit | $2.3B | $2.5B | XXX | XXX | XXX |
| Gross Margin | 41% | 45% | XXX | XXX | XXX |
| EBITDA | $2.2B | $2.6B | XXX | XXX | XXX |
| EBITDA Margin | 40% | 47% | XXX | XXX | XXX |
| Net Profit | $804M | $714M | XXX | XXX | XXX |
| Net Margin | 15% | 13% | XXX | XXX | XXX |
| Net Debt | $11.2B | $11.9B | XXX | XXX | XXX |
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As of March 14, 2025, NiSource's stock price is $39.
NiSource has current market cap of $18.6B, and EV of $32.4B.
See NiSource trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32.4B | $18.6B | XXX | XXX | XXX | XXX | $1.77 |
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Sign UpAs of March 14, 2025, NiSource has market cap of $18.6B and EV of $32.4B.
NiSource's trades at 5.6x LTM EV/Revenue multiple, and 12.3x LTM EBITDA.
Analysts estimate NiSource's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for NiSource and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $32.4B | XXX | XXX | XXX |
| EV/Revenue | 5.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.6x | XXX | XXX | XXX |
| P/E | 24.4x | XXX | XXX | XXX |
| P/E/Growth | 1.9x | XXX | XXX | XXX |
| EV/FCF | -37.6x | 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.
Sign UpNiSource's NTM/LTM revenue growth is 9%
NiSource's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, NiSource's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate NiSource's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for NiSource and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 56% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | 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 |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy One | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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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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Sign Up| 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, AGL Energy, APA Group, Chrysos Corp.. |
| 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-month revenue is $5.8B. |
| What is the current EBITDA of NiSource? | NiSource's last 12-month EBITDA is $2.6B. |
| What is the current EV/Revenue multiple of NiSource? | Current revenue multiple of NiSource is 5.6x. |
| What is the current EV/EBITDA multiple of NiSource? | Current EBITDA multiple of NiSource is 12.3x. |
| What is the current revenue growth of NiSource? | NiSource revenue growth between 2023 and 2024 was -1%. |
| Is NiSource profitable? | Yes, NiSource is EBITDA-positive (as of the last 12 months). |
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