NI
NiSource Inc.
NI's fundamentals are mixed: revenue grew 15%, but free cash flow was negative. At 23x earnings, it's trading in line with its usual 22x. Analysts expect earnings growth.
OKLO
Oklo Inc.
There isn't enough reported data to score OKLO yet.
NI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
NI's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are weak.
OKLO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Unavailable |
OKLO's profitability is currently weak. There isn't enough data to rate its revenue, cash flow and balance sheet.
NI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $35.61 | -22% |
| Forward | 21x | $45.81 | — |
| Fair | 22x | $42.93 | -6.3% |
| Current | 23x | $45.81 | — |
| Expensive | 25x | $48.88 | +6.7% |
Historical ranges are pointers, not guarantees.
NI's PE is in its expensive range at 23x. If earnings grow as analysts expect, today's price would be 21x next year's earnings, in its fair range.
OKLO PE Valuation
OKLO has no meaningful PE right now: it lost money over the past year.
NI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NI, but weaker profitability.
OKLO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect OKLO's losses to grow, with revenue growing. However, they disagree widely on these estimates.
NI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.18 | +12% |
| Q3 2026 | $1.95 | +3.2% |
| Q2 2026 | $1.88 | 0% |
| Q1 2026 | $2.01 | +8.6% |
| Q4 2025 | $1.95 | +20% |
| Q3 2025 | $1.89 | +14% |
| Q2 2025 | $1.88 | +15% |
| Q1 2025 | $1.85 | +20% |
| Q4 2024 | $1.62 | +9.5% |
NI has the edge over OKLO in the latest year-over-year earnings comparison.
OKLO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.96 | -$0.43 |
| Q2 2026 | -$0.94 | -$0.53 |
| Q1 2026 | -$0.84 | -$0.32 |
OKLO lost $0.96 per share over the past year, a bigger loss than the year before.
NI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +4.7% |
| Q2 2026 | $1.3B | +3.4% |
| Q1 2026 | $2.3B | +8% |
| Q4 2025 | $6.5B | +23% |
| Q3 2025 | $1.2B | +15% |
| Q2 2025 | $1.2B | +15% |
| Q1 2025 | $2.1B | +26% |
| Q4 2024 | $5.3B | +282% |
NI's revenue has grown year over year for nine quarters in a row: $1.3B last quarter, up 4.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | +2.2 points |
| Q2 2026 | 18% | -3.4 points |
| Q1 2026 | 35% | 0 points |
| Q4 2025 | 7.9% | 0 points |
| Q3 2025 | 24% | +3.7 points |
| Q2 2025 | 21% | -0.8 points |
| Q1 2025 | 35% | +1.1 points |
| Q4 2024 | 7.9% | -18 points |
NI has the edge over OKLO on profitability, with a higher operating margin.
OKLO Quarterly Revenue
OKLO and NI do not have enough comparable growth data to identify a winner.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3816% | N/A |
| Q2 2026 | -6049% | N/A |
NI has the edge over OKLO on profitability, with a higher operating margin.
NI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$653.1M | -$480.5M |
| Q2 2026 | -$417M | -$254.2M |
| Q1 2026 | -$362.9M | -839% |
| Q4 2025 | -$133.7M | +$86.5M |
| Q3 2025 | -$172.6M | +$122.1M |
| Q2 2025 | -$162.8M | +$21.5M |
| Q1 2025 | $49.1M | +$182.4M |
| Q4 2024 | -$220.2M | +$140.8M |
NI has the edge over OKLO on cash flow, with more consistent year-over-year improvement.
OKLO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$199.5M | -$176.4M |
| Q2 2026 | -$141.7M | -$122.3M |
| Q1 2026 | -$50.7M | -$38.1M |
| Q4 2025 | -$60.4M | -$46.8M |
| Q3 2025 | -$23.1M | -$15.1M |
OKLO has burned cash in almost every quarter: −$452M over the past year, against −$69M the year before.
NI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -100K shares |
| 1 year | +1.6% | +7.4M shares |
| 3 years | +7.3% | +32.8M shares |
| 5 years | +12% | +50.8M shares |
| Available history | +28% | +105M shares |
NI has the edge over OKLO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
OKLO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7% | +12.4M shares |
| 1 year | +25% | +38.2M shares |
OKLO has 189M diluted shares, up 25% from a year ago.
NI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.7x | High |
| Q2 2026 | 5.5x | High |
| Q1 2026 | 5.4x | High |
| Q4 2025 | 5.6x | High |
| Q3 2025 | 5.5x | High |
| Q2 2025 | 5.6x | High |
| Q1 2025 | 5.4x | High |
| Q4 2024 | 5.8x | High |
NI's net debt is about 5.7 years of its operating earnings (EBITDA), up from 5.5 years a year ago.
OKLO Net Leverage
OKLO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.7 | Neutral |
| Stochastic | 81.9 | Overbought |
NI's weekly RSI is 59 (neutral) and its Stochastic is 82 (overbought).
OKLO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.2 | Neutral |
| Stochastic | 13.1 | Oversold |
OKLO's weekly RSI is 30 (neutral) and its Stochastic is 13 (oversold).
NI PE vs Utilities Sector
| Metric | NI | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 20x | 15% above |
| PE % | 69 | 44 | 25 pts above |
NI is trading at 23x earnings, a 15% premium to the Utilities sector's median of 20x.
OKLO PE vs Utilities Sector
OKLO has no meaningful PE right now: it lost money over the past year.
NI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.5 | 7.8% above |
| 20 week MA | $43.1 | 6.3% above |
| 50 week MA | $44.6 | 2.7% above |
| 100 week MA | $42.4 | 8% above |
| 200 week MA | $35.5 | 29% above |
NI has the edge over OKLO on trend strength, trading above more of its moving averages.
OKLO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.5 | 17% below |
| 20 week MA | $37.4 | 35% below |
| 50 week MA | $56.6 | 57% below |
| 100 week MA | $59.4 | 59% below |
| 200 week MA | $35.2 | 31% below |
OKLO is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
NI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.3 | $22.1 | -19% |
| 2021 | $22.1 | $26.9 | +22% |
| 2022 | $26.9 | $27.7 | +3.1% |
| 2023 | $27.7 | $26.6 | -4.2% |
| 2024 | $26.6 | $36.8 | +38% |
| 2025 | $36.8 | $41.7 | +13% |
| 2026 YTD | $41.7 | $45.8 | +9.8% |
NI has the edge over OKLO on returns for 2026, with the stronger performance.
OKLO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.1 | $9.79 | -2.6% |
| 2022 | $9.79 | $9.88 | +0.9% |
| 2023 | $9.88 | $10.6 | +6.9% |
| 2024 | $10.6 | $22.8 | +116% |
| 2025 | $22.8 | $76.9 | +238% |
| 2026 YTD | $76.9 | $24.5 | -68% |
OKLO is down 68% so far in 2026, after finishing higher in four of the previous five years.