Nisource (NI) EV to EBITDA (2010 - 2026)
Nisource's (NI) EV to EBITDA stood at 6.56 in Q3 2026, down 17.1% from 7.91 a year earlier and down 18.0% from the prior quarter.
Powered by 
Analysis
Nisource (NI) EV to EBITDA (2010 - 2026) Analysis & Trends
On a TTM basis, Nisource's EV to EBITDA came in at 6.48 as of Sep 30, 2026, down 14.8% year-over-year; for FY2025, it was 7.35, down 3.6% from FY2024.
- Across earlier years, EV to EBITDA came in at 7.63 in FY2024 (+46.2%), 5.22 in FY2023 (-5.7%), 5.54 in FY2022 (-14.9%) and 6.51 in FY2021 (-6.5%).
- The Q3 2026 figure is the lowest quarterly EV to EBITDA since Q2 2024.
- On a year-over-year basis, EV to EBITDA rose in six of the last eight quarters, with growth averaging 10.9%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 51.0% in Q3 2024, against a decline of 17.1% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.00 (Q2 2026), 7.94 (Q1 2026) and 7.35 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn |
| 10 | Nisource | 21.54 Bn | 21.23 Bn | 1.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.56 |
| Jun 30, 2026 | 8.00 |
| Mar 31, 2026 | 7.94 |
| Dec 31, 2025 | 7.35 |
| Sep 30, 2025 | 7.91 |
| Jun 30, 2025 | 7.54 |
| Mar 31, 2025 | 7.66 |
| Dec 31, 2024 | 7.63 |
| Sep 30, 2024 | 7.43 |
| Jun 30, 2024 | 6.19 |
| Mar 31, 2024 | 6.18 |
| Dec 31, 2023 | 5.22 |
| Sep 30, 2023 | 4.92 |
| Jun 30, 2023 | 5.50 |
| Mar 31, 2023 | 5.77 |
| Dec 31, 2022 | 5.54 |
| Sep 30, 2022 | 5.29 |
| Jun 30, 2022 | 6.24 |
| Mar 31, 2022 | 6.79 |
| Dec 31, 2021 | 6.51 |
API Access
Nisource EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "NI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();