COMP <GO>
NI vs WM // EV/EBITDA & P/E VALUATION
NiSource Inc (NYSE) VS. Waste Management Inc. (NYSE) • 15-METRIC TALLY: NI 10
— WM 5
▲ EV/EBITDA & P/E VALUATION LEADER: NI
LAST: $44.57 (-0.40%) • MKT CAP: $21.47B
valuation
6.8x
LAST: $233.45 (+1.10%) • MKT CAP: $91.81B
valuation
20.2x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NI VS. WM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NI | WM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 40.40% | +0.60 | NI | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 8.80% | 13.70% | -4.90 | WM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 6.8x | 20.2x | -13.40 | NI | /valuation <GO> |
| Free Cash Flow Yield | -1.96% | 5.35% | -7.31 | WM | /fcf-yield <GO> |
| Operating Margin | 28.10% | 17.10% | +11.00 | NI | /operating-margins <GO> |
| Net Profit Margin | 14.30% | 10.70% | +3.60 | NI | /net-margins <GO> |
| Revenue Growth (YoY) | 23.50% | 14.20% | +9.30 | NI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.47% | 1.45% | +1.02 | NI | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.05 | 2.91 | -1.86 | WM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | NI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 6.10% | 5.90% | +0.20 | WM | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 71.6 | 60.7 | +10.90 | NI | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.75 | 0.70 | +0.05 | NI | /macro-sensitivity <GO> |
| Forward P/E Multiple | 19.4x | 28.5x | -9.10 | NI | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $21.47B | $91.81B | -$70.35B | WM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NI REV | WM REV | NI GROSS % | WM GROSS % | NI FCF | WM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $6.52B | $25.20B | 44.0% | 40.4% | -$420.0M | $4.91B |
| FY 2024 | $5.28B | $22.06B | 44.0% | 39.3% | -$832.5M | $4.40B |
| FY 2023 | $5.35B | $20.43B | 44.0% | 44.0% | $1.69B | $3.80B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NI // BETA 0.75
WM // BETA 0.70