NiSource Inc (NI)vsSouthwest Gas Holdings Inc (SWX)
NI
NiSource Inc
$42.37
-0.31%
UTILITIES · Cap: $20.38B
SWX
Southwest Gas Holdings Inc
$91.26
-1.45%
UTILITIES · Cap: $6.71B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 295% more annual revenue ($6.88B vs $1.74B). SWX leads profitability with a 31.4% profit margin vs 13.2%. SWX appears more attractively valued with a PEG of 2.21. SWX earns a higher WallStSmart Score of 63/100 (C+).
NI
Buy50
out of 100
Grade: C-
SWX
Buy63
out of 100
Grade: C+
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Keeps 31 of every $100 in revenue as profit
Reasonable price relative to book value
Strong operational efficiency at 24.2%
Earnings expanding 20.9% YoY
Areas to Watch
Expensive relative to growth rate
4.6% revenue growth
Elevated debt levels
Earnings declined 58.4%
Expensive relative to growth rate
Revenue declined 9.6%
Negative free cash flow — burning cash
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : NI
The strongest argument for NI centers on Price/Book.
Bull Case : SWX
The strongest argument for SWX centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 31.4% and operating margin at 24.2%.
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 : SWX
The primary concerns for SWX are PEG Ratio, Revenue Growth, Free Cash Flow.
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 0.57 — expect wider price swings.
NI is growing revenue faster at 4.6% — sustainability is the question.
SWX generates stronger free cash flow (-174M), providing more financial flexibility.
Bottom Line
SWX scores higher overall (63/100 vs 50/100), backed by strong 31.4% margins. Both earn "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.
Compare with Other UTILITIES - REGULATED GAS Stocks
Want to dig deeper into these stocks?