NiSource Inc (NI)vsSouthwest Gas Holdings Inc (SWX)
NI
NiSource Inc
$47.03
+0.66%
UTILITIES · Cap: $22.55B
SWX
Southwest Gas Holdings Inc
$89.13
-0.91%
UTILITIES · Cap: $6.45B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 283% more annual revenue ($6.82B vs $1.78B). SWX leads profitability with a 26.1% profit margin vs 14.1%. SWX appears more attractively valued with a PEG of 2.20. SWX earns a higher WallStSmart Score of 65/100 (B-).
NI
Buy60
out of 100
Grade: C+
SWX
Strong Buy65
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-79.4%
Fair Value
$24.89
Current Price
$47.03
$22.14 premium
Margin of Safety
-29.1%
Fair Value
$66.62
Current Price
$89.13
$22.51 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Strong operational efficiency at 34.8%
Reasonable price relative to book value
Strong operational efficiency at 37.9%
Keeps 26 of every $100 in revenue as profit
Reasonable price relative to book value
Earnings expanding 20.9% YoY
Areas to Watch
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
Expensive relative to growth rate
Moderate valuation
ROE of 6.1% — below average capital efficiency
Revenue declined 21.6%
Comparative Analysis Report
WallStSmart ResearchBull Case : NI
The strongest argument for NI centers on Operating Margin, Price/Book.
Bull Case : SWX
The strongest argument for SWX centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 26.1% and operating margin at 37.9%.
Bear Case : NI
The primary concerns for NI are PEG Ratio, Free Cash Flow, Altman Z-Score.
Bear Case : SWX
The primary concerns for SWX are PEG Ratio, P/E Ratio, Return on Equity.
Key Dynamics to Monitor
NI profiles as a value stock while SWX is a declining play — different risk/reward profiles.
SWX carries more volatility with a beta of 0.62 — expect wider price swings.
NI is growing revenue faster at 8.2% — sustainability is the question.
SWX generates stronger free cash flow (-47M), providing more financial flexibility.
Bottom Line
SWX scores higher overall (65/100 vs 60/100), backed by strong 26.1% margins. 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.
Southwest Gas Holdings Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
Southwest Gas Holdings, Inc. purchases, distributes and transports natural gas in Arizona, Nevada and California. The company is headquartered in Las Vegas, Nevada.
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