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NiSource vs Snam S.p.A.: Which Stock Looks Stronger in 2026?

Snam S.p.A holds the cleaner structural position, with growth as the main driver and profitability adding further support. NiSource does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (NI: S&P 500, SRG.MI: STOXX 600).

Updated 2026-08-16

The lead is spread across growth and profitability, rather than sitting in one isolated gap. Snam S.p.A. leads by 17 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Utilities - Regulated Gas

This comparison is based on industry proximity, not on functional trajectory similarity. NI and SRG.MI share the same industry classification.

For a similarity-based comparison, see how NiSource and Snam S.p.A each position within their functional peer groups in AssetNext.

Peer-Relative Score
NI
NiSource Inc.
46
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
SRG.MI
Snam S.p.A.
63
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: NI vs SRG.MI Profitability 37 61 Stability 45 52 Valuation 66 67 Growth 30 70 NI SRG.MI
Gap Ranking
#1 Growth +40
#2 Profitability +24
#3 Stability +7
#4 Valuation +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NI and SRG.MI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NISRG.MI Relative valuation Structural strength

Neither company combines the stronger profile with the cheaper valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NI and SRG.MI each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NI Elevated · near norm 0th 50th 100th 2 pct gap SRG.MI Elevated · near norm 0th 50th 100th 87th 90th
NI (87th percentile) and SRG.MI (90th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Snam S.p.A. ranks near the top of the group on growth; NiSource Inc. sits in the weaker half.
Profitability
On profitability, Snam S.p.A. is positioned higher in the group, while NiSource Inc. is closer to the middle.
Growth — Dominant Gap
NI
30
SRG.MI
70
Gap+40in favour of SRG.MI

Earnings growth is one contributing factor within the growth lead.

What else supports the lead

Profitability gives the lead a second hard layer of support, with a 32-point operating margin advantage.

What this means for the comparison

Growth is the clearest driver, and profitability also supports Snam S.p.A.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the NI vs SRG.MI comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-profitability comparisons

Explore how NI and SRG.MI each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.