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
- +35.0%
- Free cash flow
- −278.4%
- Total debt
- +15.9%
Quarter to September 2026, against a year earlier
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NiSource, Inc (NI) Free cash flow margin
NiSource, Inc's free cash flow margin over the twelve months to 30 September 2026 was −22.5%, down 16.2 percentage points from fiscal 2025 (−6.32%). Over the past ten years it has ranged from −25.0% (fiscal 2018) to 9.86% (fiscal 2020); the current reading is higher than 73% of that period. That is below the Utilities Regulated Gas industry median of −11.1% and below the Utilities sector median of −9.94%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −6.32% | 8.94 |
| FY2024 | −15.3% | (2.35) |
| FY2023 | −12.9% | 0.66 |
| FY2022 | −13.6% | (0.91) |
| FY2021 | −12.7% | (22.52) |
| FY2020 | 9.86% | 14.06 |
| FY2019 | −4.20% | 20.75 |
| FY2018 | −25.0% | (5.39) |
| FY2017 | −19.6% | (4.60) |
| FY2016 | −15.0% | (17.03) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| UGI UGI Corporation compare | 5.51% |
| OGS ONE Gas, Inc. compare | −6.86% |
| NJR NewJersey Resources Corporation compare | −7.00% |
| SR Spire Inc. compare | −8.77% |
| BKH Bright Horizon Energy Corporation compare | −13.5% |
| MDU MDU Resources Group, Inc. compare | −21.1% |
| NI NiSource, Inc | −22.5% |
| SWX Southwest Gas Corporation compare | −33.3% |
| ATO Atmos Energy Corporation compare | −41.1% |
| Utilities Regulated Gas industry median | −11.1% |
| Utilities sector median | −9.94% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on NI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement