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Monday 2 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
+44.9%
Free cash flow
−278.4%
Total debt
+15.9%

Quarter to September 2026, against a year earlier

44.98 0.41 +0.92%
Market cap
$21.4B
P/E
22.8×
Fwd P/E
21.9×
Dividend yield
2.67%
F-score
6/9
Altman Z
0.80
Beneish M
−2.41
Dividend safety
36/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

NiSource, Inc (NI) EV/FCF

Alert me on EV/FCF

As of 2 November 2026, NiSource, Inc (NI) trades at a EV/FCF of −25.4×. Over the past ten years it has ranged from −95.2× (February 2020) to 418× (February 2015); the current reading is higher than 57% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −85.3× —
FY2024 −36.6× —
FY2023 −32.5× —
FY2022 −28.2× —
FY2021 −33.2× —
FY2020 39.9× —
FY2019 −91.1× —
FY2018 −14.1× —
FY2017 −18.2× —
FY2016 −22.3× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 −23.5× —
Jun 2026 −36.9× —
Mar 2026 −46.9× —
Dec 2025 −85.3× —
43 more quarters

Against its own ten years

Low −95.2× High 418×
Ten-year median −28.0×
Current reading's percentile 57

EV/FCF against peers

Company EV/FCF
NJR NewJersey Resources Corporation compare −58.5×
SR Spire Inc. compare −50.5×
OGS ONE Gas, Inc. compare −44.0×
BKH Black Hills Corporation compare −34.7×
NI NiSource, Inc −25.4×
ATO Atmos Energy Corporation compare −19.4×
SWX Southwest Gas Corporation compare −19.0×
MDU MDU Resources Group, Inc. compare −17.3×
UGI UGI Corporation compare 36.9×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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