NiSource Inc (NI)vsSpire Inc (SR)
NI
NiSource Inc
$41.41
-0.02%
UTILITIES · Cap: $20.09B
SR
Spire Inc
$80.20
-1.56%
UTILITIES · Cap: $4.82B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 158% more annual revenue ($6.88B vs $2.67B). SR leads profitability with a 20.6% profit margin vs 13.2%. NI appears more attractively valued with a PEG of 2.13. SR earns a higher WallStSmart Score of 68/100 (B-).
NI
Buy50
out of 100
Grade: C-
SR
Strong Buy68
out of 100
Grade: B-
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Reasonable price relative to book value
Earnings expanding 1138.0% YoY
Keeps 21 of every $100 in revenue as profit
19.2% revenue growth
Areas to Watch
Expensive relative to growth rate
4.6% revenue growth
Elevated debt levels
Earnings declined 58.4%
Expensive relative to growth rate
Negative free cash flow — burning cash
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : NI
The strongest argument for NI centers on Price/Book.
Bull Case : SR
The strongest argument for SR centers on Price/Book, EPS Growth, Profit Margin. Profitability is solid with margins at 20.6% and operating margin at 7.1%. Revenue growth of 19.2% demonstrates continued momentum.
Bear Case : NI
The primary concerns for NI are PEG Ratio, Revenue Growth, Debt/Equity. Debt-to-equity of 1.83 is elevated, increasing financial risk.
Bear Case : SR
The primary concerns for SR are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 2.03 is elevated, increasing financial risk.
Key Dynamics to Monitor
NI profiles as a value stock while SR is a growth play — different risk/reward profiles.
SR carries more volatility with a beta of 0.56 — expect wider price swings.
SR is growing revenue faster at 19.2% — sustainability is the question.
SR generates stronger free cash flow (-91M), providing more financial flexibility.
Bottom Line
SR scores higher overall (68/100 vs 50/100), backed by strong 20.6% margins and 19.2% revenue growth. 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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