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
+35.0%
Free cash flow
−278.4%
Total debt
+15.9%

Quarter to September 2026, against a year earlier

44.49 0.80 −1.77%
Market cap
$21.3B
P/E
22.8×
Fwd P/E
21.9×
Dividend yield
2.70%
F-score
6/9
Altman Z
0.80
Beneish M
−2.41
Dividend safety
36/100

NiSource, Inc (NI) Revenue growth

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NiSource, Inc's revenue growth over the twelve months to 30 September 2026 was 9.97%, down 11.8 percentage points from fiscal 2025 (21.8%). Over the past ten years it has ranged from −11.8% (fiscal 2015) to 21.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Gas industry median of 3.64% and above the Utilities sector median of 7.98%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 21.8% 22.67
FY2024 −0.91% 4.99
FY2023 −5.90% (25.31)
FY2022 19.4% 14.76
FY2021 4.65% 14.77
FY2020 −10.1% (11.97)
FY2019 1.85% (3.07)
FY2018 4.92% (3.59)
FY2017 8.51% 11.93
FY2016 −3.42% 8.35

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 5.99% 1.36
Jun 2026 4.63% (3.61)
Mar 2026 8.24% (11.61)
Dec 2025 19.9% 1.57
43 more quarters

Against its own ten years

Low −11.8% High 21.8%
Ten-year median 1.85%
Current reading's percentile 100

Revenue growth against peers

Company Revenue growth
NI NiSource, Inc 9.97%
ATO Atmos Energy Corporation compare 6.45%
NJR NewJersey Resources Corporation compare 6.36%
SR Spire Inc. compare 4.12%
BKH Bright Horizon Energy Corporation compare 2.80%
UGI UGI Corporation compare −0.49%
MDU MDU Resources Group, Inc. compare −1.13%
OGS ONE Gas, Inc. compare −1.89%
SWX Southwest Gas Corporation compare −36.9%
Utilities Regulated Gas industry median 3.64%
Utilities sector median 7.98%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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