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) Gross margin
NiSource, Inc's gross margin over the twelve months to 30 September 2026 was 77.7%, up 1.6 percentage points from fiscal 2025 (76.2%). Over the past ten years it has ranged from 63.9% (fiscal 2022) to 79.3% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Utilities Regulated Gas industry median of 63.3% and above the Utilities sector median of 58.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 76.2% | (3.10) |
| FY2024 | 79.3% | 7.10 |
| FY2023 | 72.2% | 8.22 |
| FY2022 | 63.9% | (7.65) |
| FY2021 | 71.6% | (4.73) |
| FY2020 | 76.3% | 5.77 |
| FY2019 | 70.5% | 4.98 |
| FY2018 | 65.6% | (3.28) |
| FY2017 | 68.8% | (0.22) |
| FY2016 | 69.1% | 4.39 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 84.6% | (0.94) |
| Jun 2026 | 85.6% | 13.90 |
| Mar 2026 | 71.7% | (3.02) |
| Dec 2025 | 74.7% | (10.09) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SWX Southwest Gas Corporation compare | 86.4% |
| ATO Atmos Energy Corporation compare | 80.3% |
| NI NiSource, Inc | 77.7% |
| SR Spire Inc. compare | 69.2% |
| OGS ONE Gas, Inc. compare | 63.4% |
| MDU MDU Resources Group, Inc. compare | 58.7% |
| NJR NewJersey Resources Corporation compare | 57.2% |
| UGI UGI Corporation compare | 51.3% |
| BKH Bright Horizon Energy Corporation compare | 0.00% |
| Utilities Regulated Gas industry median | 63.3% |
| Utilities sector median | 58.0% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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