NiSource Inc (NI)vsSpire Inc (SR)
NI
NiSource Inc
$45.84
+0.55%
UTILITIES · Cap: $22.63B
SR
Spire Inc
$82.38
+1.58%
UTILITIES · Cap: $4.68B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 162% more annual revenue ($6.82B vs $2.60B). NI leads profitability with a 14.1% profit margin vs 13.8%. SR appears more attractively valued with a PEG of 2.46. SR earns a higher WallStSmart Score of 68/100 (B-).
NI
Buy60
out of 100
Grade: C+
SR
Strong Buy68
out of 100
Grade: B-
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 34.8%
Reasonable price relative to book value
Reasonable price relative to book value
Strong operational efficiency at 30.2%
Attractively priced relative to earnings
Earnings expanding 31.0% YoY
Areas to Watch
Elevated debt levels
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
Expensive relative to growth rate
4.5% revenue growth
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : NI
The strongest argument for NI centers on Operating Margin, Price/Book.
Bull Case : SR
The strongest argument for SR centers on Price/Book, Operating Margin, P/E Ratio.
Bear Case : NI
The primary concerns for NI are Debt/Equity, PEG Ratio, Free Cash Flow. Debt-to-equity of 1.74 is elevated, increasing financial risk.
Bear Case : SR
The primary concerns for SR are PEG Ratio, Revenue Growth, Altman Z-Score. Debt-to-equity of 2.33 is elevated, increasing financial risk.
Key Dynamics to Monitor
NI carries more volatility with a beta of 0.55 — expect wider price swings.
NI is growing revenue faster at 8.2% — sustainability is the question.
SR generates stronger free cash flow (218M), providing more financial flexibility.
Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.
Bottom Line
SR scores higher overall (68/100 vs 60/100). Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
NiSource Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
NiSource Inc. is one of the largest fully regulated utility companies in the United States. The company is based in Merrillville, Indiana.
Spire Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
Spire Inc. engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company is headquartered in St. Louis, Missouri.
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