NiSource Inc (NI)vsSouthwest Gas Holdings Inc (SWX)
NI
NiSource Inc
$45.68
+0.46%
UTILITIES · Cap: $21.54B
SWX
Southwest Gas Holdings Inc
$86.35
+0.61%
UTILITIES · Cap: $6.04B
Smart Verdict
WallStSmart Research — data-driven comparison
NiSource Inc generates 242% more annual revenue ($6.64B vs $1.94B). SWX leads profitability with a 22.7% profit margin vs 14.0%. SWX appears more attractively valued with a PEG of 2.08. NI earns a higher WallStSmart Score of 62/100 (C+).
NI
Buy62
out of 100
Grade: C+
SWX
Buy57
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+6.7%
Fair Value
$47.89
Current Price
$45.68
$2.21 discount
Margin of Safety
-289.0%
Fair Value
$22.10
Current Price
$86.35
$64.25 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 27.0%
19.8% revenue growth
Strong operational efficiency at 33.9%
Keeps 23 of every $100 in revenue as profit
Reasonable price relative to book value
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 13.1%
Comparative Analysis Report
WallStSmart ResearchBull Case : NI
The strongest argument for NI centers on Price/Book, Operating Margin, Revenue Growth. Revenue growth of 19.8% demonstrates continued momentum.
Bull Case : SWX
The strongest argument for SWX centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 22.7% and operating margin at 33.9%.
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 growth stock while SWX is a declining play — different risk/reward profiles.
NI carries more volatility with a beta of 0.62 — expect wider price swings.
NI is growing revenue faster at 19.8% — sustainability is the question.
NI generates stronger free cash flow (-134M), providing more financial flexibility.
Bottom Line
NI scores higher overall (62/100 vs 57/100) and 19.8% revenue growth. 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.
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