NiSource, Inc
NI Utilities Utilities Regulated Gas
In the quarter to June 2026, revenue grew 4.63%, EPS fell 59.1%, free cash flow fell 156.1% and total debt rose 10.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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NiSource, Inc (NI) Net margin
NiSource, Inc's net margin over the twelve months to 30 June 2026 was 13.2%, down 0.8 percentage points from fiscal 2025 (14.0%). Over the past ten years it has ranged from −1.55% (fiscal 2020) to 14.0% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Utilities Regulated Gas industry median of 13.0% and above the Utilities sector median of 11.5%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 14.0% | 0.43 |
| FY2024 | 13.6% | 1.54 |
| FY2023 | 12.0% | (0.78) |
| FY2022 | 12.8% | 1.99 |
| FY2021 | 10.8% | 12.36 |
| FY2020 | −1.55% | (7.85) |
| FY2019 | 6.30% | 7.58 |
| FY2018 | −1.28% | (3.92) |
| FY2017 | 2.64% | (4.74) |
| FY2016 | 7.38% | 1.22 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 3.39% | (18.22) |
| Mar 2026 | 21.6% | 8.06 |
| Dec 2025 | 13.6% | 6.11 |
| Sep 2025 | 7.44% | (0.53) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| SWX Southwest Gas Corporation compare | 31.4% |
| ATO Atmos Energy Corporation compare | 28.5% |
| SR Spire Inc. compare | 19.8% |
| NJR NewJersey Resources Corporation compare | 16.4% |
| NI NiSource, Inc | 13.2% |
| BKH Black Hills Corporation compare | 13.0% |
| OGS ONE Gas, Inc. compare | 12.5% |
| MDU MDU Resources Group, Inc. compare | 10.8% |
| UGI UGI Corporation compare | 9.20% |
| Utilities Regulated Gas industry median | 13.0% |
| Utilities sector median | 11.5% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on NI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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