stockrowNiSource, 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
- +44.9%
- Free cash flow
- −278.4%
- Total debt
- +15.9%
Quarter to September 2026, against a year earlier
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NiSource, Inc (NI) Debt to equity
NiSource, Inc's debt to equity at the end of the quarter to 30 September 2026 was 1.5×, up 0.1× from fiscal 2025 (1.4×). Over the past ten years it has ranged from 1.3× (fiscal 2024) to 2.1× (fiscal 2017); the current reading is higher than 27% of that period. That is above the Utilities Regulated Gas industry median of 1.2× and above the Utilities sector median of 1.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.4× | 6.26% |
| FY2024 | 1.3× | (6.11%) |
| FY2023 | 1.4× | (2.67%) |
| FY2022 | 1.4× | 6.26% |
| FY2021 | 1.3× | (19.28%) |
| FY2020 | 1.7× | 3.65% |
| FY2019 | 1.6× | 1.43% |
| FY2018 | 1.6× | (23.79%) |
| FY2017 | 2.1× | 7.26% |
| FY2016 | 1.9× | 7.44% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.5× | 4.42% |
| Jun 2026 | 1.5× | 4.08% |
| Mar 2026 | 1.4× | 1.09% |
| Dec 2025 | 1.4× | (0.83%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| ATO Atmos Energy Corporation compare | 0.7× |
| OGS ONE Gas, Inc. compare | 0.8× |
| SWX Southwest Gas Corporation compare | 0.9× |
| MDU MDU Resources Group, Inc. compare | 0.9× |
| BKH Bright Horizon Energy Corporation compare | 1.1× |
| UGI UGI Corporation compare | 1.3× |
| NJR NewJersey Resources Corporation compare | 1.4× |
| NI NiSource, Inc | 1.5× |
| SR Spire Inc. compare | 1.7× |
| Utilities Regulated Gas industry median | 1.2× |
| Utilities sector median | 1.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
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- Net margin
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- EV/EBITDA
- EV/Sales
- EV/FCF
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- Shares outstanding
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