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

44.21 0.23 −0.52%

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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

NiSource, Inc (NI) Book value per share

Alert me on Book value per share

NiSource, Inc's book value per share at the end of fiscal 2025 was 24.7×, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was 24.9×. Over the past ten years it has ranged from 12.1× (fiscal 2015) to 24.7× (fiscal 2025) — the current reading is the highest in ten years. NiSource, Inc ranks 9th of 14 Utilities Regulated Gas companies by book value per share.

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<iframe src="https://stockrow.com/embed/NI/book-value-per-share" width="100%" height="360" style="border:0" loading="lazy" title="NiSource, Inc book value per share, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NI/metrics/book-value-per-share">NiSource, Inc (NI) book value per share — stockrow.com</a></p>

Period	Book value per share	Change
FY2025	24.7×	4.97%
FY2024	23.5×	(3.58%)
FY2023	24.4×	25.50%
FY2022	19.4×	5.04%
FY2021	18.5×	21.64%
FY2020	15.2×	(4.95%)
FY2019	16.0×	(0.93%)
FY2018	16.1×	23.00%
FY2017	13.1×	3.67%
FY2016	12.7×	4.57%

Period	Book value per share	Change
Sep 2026	24.9×	0.48%
Jun 2026	24.8×	(0.42%)
Mar 2026	24.9×	0.99%
Dec 2025	24.7×	3.54%
43 more quarters	Free account

Against its own ten years

Low 12.1× High 24.7×

Ten-year median 16.1×

Current reading's percentile 100

Company	Book value per share
ATO Atmos Energy Corporation compare	90.6×
SR Spire Inc. compare	60.7×
SWX Southwest Gas Corporation compare	56.5×
OGS ONE Gas, Inc. compare	56.0×
BKH Bright Horizon Energy Corporation compare	53.0×
NJR NewJersey Resources Corporation compare	26.1×
NI NiSource, Inc	24.9×
UGI UGI Corporation compare	24.3×
MDU MDU Resources Group, Inc. compare	14.0×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

NiSource, Inc (NI) Book value per share

Book value per share, annual

Annual newest first

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Against its own ten years

Book value per share against peers

What Book value per share is

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Book value per share, annual

Annual newest first

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Against its own ten years

Book value per share against peers

What Book value per share is

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