Friday 6 November 2026 Export NI’s income statement to Excel — free account

NiSource, Inc

NI Utilities Utilities Regulated Gas

NiSource, Inc’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 21.8% from fiscal 2024.

Revenue: +5.99%
EPS: +35.0%
Free cash flow: −278.4%
Total debt: +15.9%

Quarter to September 2026, against a year earlier

44.49 0.80 −1.77%

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Market cap: $21.3B
P/E: 22.8×
Fwd P/E: 21.9×
Dividend yield: 2.70%
F-score: 6/9
Altman Z: 0.80
Beneish M: −2.41
Dividend safety: 36/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	21.31	23.21	25.29	20.00
P/S ratio Full definition →		2.97	3.28	3.31	2.69
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		27.71	50.53	33.52	34.22
P/B ratio Full definition →		1.69	1.87	1.92	1.57
Price to Tangible BV Full definition →		1.94	2.14	2.19	1.79
EV/Sales Full definition →		5.39	5.72	5.83	5.30
EV/EBITDA Full definition →		11.93	12.62	12.80	11.50
EV/Operating CF Full definition →		15.17	18.42	17.42	15.49
EV/FCF Full definition →		(85.30)	(46.90)	(36.93)	(23.55)
Quick Ratio Full definition →		0.41	0.38	0.22	0.20
Current Ratio Full definition →		0.69	0.65	0.50	0.50
Net Debt/EBITDA Full definition →		19.35	15.05	29.32	26.81
Debt/Assets Full definition →		45.21%	45.81%	46.35%	46.99%
Debt/Equity Full definition →		1.39	1.41	1.46	1.53
Asset Turnover Full definition →		0.20	0.20	0.19	0.19
Operating CF/Net income Full definition →		2.76	0.87	14.95	4.22
Capex/Depreciation Full definition →		(2.68)	(2.79)	(3.03)	(3.55)
Interest Coverage Full definition →		2.75	4.28	1.15	1.62
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		31.05%	24.81%	41.60%	34.31%
Intangible Assets out of Total Assets Full definition →		0.04	0.04	0.04	0.04
Share Based Compensation of Revenue Full definition →		2.67%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →		(1.10)	(1.00)	(1.03)	(1.31)
Graham Number Full definition →		32.97	33.56	32.39	33.06
Earnings Yield Full definition →		4.69%	4.31%	3.95%	5.00%
Free Cash Flow Yield Full definition →		(2.13%)	(3.72%)	(4.76%)	(8.37%)
Revenue per Share Full definition →		4.02	4.93	2.80	2.81
Operating CF per Share Full definition →		1.51	0.92	1.42	1.14
Capex per Share Full definition →		(1.79)	(1.68)	(2.29)	(2.50)
Free Cash Flow per Share Full definition →		(0.28)	(0.76)	(0.87)	(1.36)
Cash per Share Full definition →		0.29	0.20	0.20	0.17
Shareholders Equity per Share Full definition →		24.66	24.90	24.80	24.92
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		24.66	24.90	24.80	24.92
Free Cash Flow Full definition →		(133.70)	(362.90)	(417.00)	(653.10)
Working Capital Full definition →		(1,080.20)	(1,317.80)	(2,215.10)	(2,406.40)
Capital Expenditures Full definition →		(846.30)	(805.20)	(1,097.40)	(1,199.90)
Net Current Asset Value Full definition →		(21,821.60)	(22,264.50)	(23,449.80)	(24,548.90)
EV/EBIT Full definition →		19.52	20.59	21.57	19.39
Capex to Sales Full definition →		0.44	0.34	0.82	0.89
Price to Operating Income Full definition →		10.76	11.79	12.26	9.83
Other line items
Average Receivables Full definition →		1,144.55	1,246.05	851.80	811.40
Average Payables Full definition →		993.80	862.80	909.75	976.65
Average Inventory Full definition →		419.30	282.40	388.20	501.65
Average Assets Full definition →		33,823.40	34,853.05	35,786.25	36,634.85
Average Common Equity Full definition →		11,164.10	11,436.75	11,445.65	11,598.10

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Columns are period end dates · fundamentals updated 5 Nov 2026

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