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Saturday 17 October 2026 Export NI’s income statement to Excel — free account

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.

42.68 1.43 +3.47%
Market cap
$19.8B
P/E
22.7×
Fwd P/E
22.7×
Dividend yield
3.47%
F-score
6/9
Altman Z
0.80
Beneish M
−2.41
Dividend safety
36/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

NiSource, Inc (NI) Operating margin

Alert me on Operating margin

NiSource, Inc's operating margin over the twelve months to 30 June 2026 was 27.0%, down 0.6 percentage points from fiscal 2025 (27.6%). Over the past ten years it has ranged from 2.44% (fiscal 2018) to 27.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Gas industry median of 21.5% and above the Utilities sector median of 18.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 27.6% 0.95
FY2024 26.7% 3.15
FY2023 23.5% 1.89
FY2022 21.6% 1.09
FY2021 20.6% 8.79
FY2020 11.8% (5.34)
FY2019 17.1% 14.66
FY2018 2.44% (16.46)
FY2017 18.9% (0.38)
FY2016 19.3% 2.08

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 17.0% (17.68)
Mar 2026 34.7% 7.58
Dec 2025 27.1% 3.72
Sep 2025 23.4% 2.88
42 more quarters

Against its own ten years

Low 2.44% High 27.6%
Ten-year median 19.3%
Current reading's percentile 88

Operating margin against peers

Company Operating margin
ATO Atmos Energy Corporation compare 37.0%
SWX Southwest Gas Corporation compare 28.7%
NI NiSource, Inc 27.0%
NJR NewJersey Resources Corporation compare 24.8%
BKH Black Hills Corporation compare 23.9%
SR Spire Inc. compare 21.5%
OGS ONE Gas, Inc. compare 20.7%
MDU MDU Resources Group, Inc. compare 17.0%
UGI UGI Corporation compare 16.2%
Utilities Regulated Gas industry median 21.5%
Utilities sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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