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NiSource NI Operating margin

Operating margin at other companies

UGI logo
UGIUGI
15.4%
CNP
CenterPoint EnergyCNP
23.2%+1.3pp
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Duke EnergyDUK
27.2%+1.6pp
New Jersey Resources logo
New Jersey ResourcesNJR
23.8%-6.1pp
Unitil logo
UnitilUTL
19.1%0.0pp
PG&E logo
PG&EPCG
20%+2.1pp

Other financials

Income statement

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Revenue$2.3B+8.0%
Gross profit$1.7B+10.1%
Operating income$819.2M+7.9%
Net income$507.1M+6.8%
EPS (diluted)$1.06+6.0%

Balance sheet

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Cash & equivalents$71.9M-72.3%
Total debt$16.7B+23.1%
Total equity$9.7B+8.6%
Total assets$36.6B+10.6%

Cash flow

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Operating cash flow$442.3M-35.6%
CapEx$805.2M+26.3%
Free cash flow-$362.9M-839%

Valuation

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Market cap$21.3B+4.4%
Enterprise value$37.98B+10.0%
P/E22.2×-0.9×
P/S1.9×-0.2×

Profitability

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Gross margin44.9%-0.7pp
Net margin8.5%-0.6pp
FCF margin-7.3%+0.7pp

Returns & leverage

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Return on equity10.4%0.0pp
Debt / equity1.7×+0.2×
Current ratio0.6×+0.1×

Where this comes from

Calculated from NiSource’s reported figures.

Based on trailing twelve months.

The source filing: NiSource’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 6, 2026, 6:42 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001111711-26-000045

FAQ

What is NiSource's operating margin?
NiSource (NI) reported operating margin of 16.7% in Q1 2026.
How has NiSource's operating margin changed year-over-year?
NiSource's operating margin decreased by 1.7% year-over-year, from 17% to 16.7%.
What is the long-term trend for NiSource's operating margin?
Over 5 years (2020 to 2025), NiSource's operating margin has grown at a 6.0% compound annual growth rate (CAGR), from 12.3% to 16.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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