Nisource Inc. (NI) EV to EBITDA (2010 - 2026)
Nisource's (NI) EV to EBITDA stood at 8.00 in Q2 2026, up 6.0% from 7.54 a year earlier and up 0.7% from the prior quarter.
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Analysis
Nisource Inc. (NI) EV to EBITDA (2010 - 2026) Analysis & Trends
On a TTM basis, Nisource's EV to EBITDA came in at 7.91 as of Jun 30, 2026, up 8.3% 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 (-7.2%).
- The Q2 2026 figure is the highest quarterly EV to EBITDA since Q3 2020.
- On a year-over-year basis, EV to EBITDA rose in seven of the last eight quarters, with growth averaging 19.5%.
- 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 31.0% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.94 (Q1 2026), 7.35 (Q4 2025) and 7.91 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 5.67 |
API Access
Nisource Inc. 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();