What are NiSource's profit margins?

NiSource (NI) runs a 44.9% gross margin and a 16.7% operating margin, with a 8.5% net margin.

Where do NiSource's ratios come from?

Every ratio is computed from NiSource's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

NiSource NI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	44.9%+0.7pp	44.3%-1.8pp	46.1%+0.6pp	45.5%-0.1pp	45.6%+0.2pp
Operating margin	16.7%+0.3pp	16.4%-1.1pp	17.5%+0.5pp	17%0.0pp	17%+1.1pp
Net margin	8.5%+0.2pp	8.3%-0.7pp	9%-0.1pp	9.1%0.0pp	9.1%+0.8pp
EBITDA margin	27.3%+0.4pp	26.9%-2.0pp	28.9%+0.7pp	28.2%+0.1pp	28.1%+0.7pp
Free cash flow margin	-7.3%-3.6pp	-3.8%+1.3pp	-5.1%+1.3pp	-6.4%+0.3pp	-6.8%+2.3pp
Returns
Return on equity	10.4%+0.1pp	10.3%0.0pp	10.3%-0.3pp	10.6%+0.2pp	10.4%+1.4pp
Return on assets	2.8%0.0pp	2.7%0.0pp	2.7%0.0pp	2.8%0.0pp	2.8%+0.4pp
Return on invested capital	7.8%0.0pp	7.8%+0.1pp	7.7%+0.2pp	7.5%-0.1pp	7.6%+0.6pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	0.6×0.0×	0.7×+0.2×	0.5×-0.1×	0.6×+0.1×	0.5×0.0×
Quick ratio	0.6×0.0×	0.7×+0.2×	0.5×-0.1×	0.6×+0.1×	0.5×0.0×
Cash ratio	0×0.0×	0×0.0×	0×-0.1×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	1.7×0.0×	1.7×0.0×	1.7×+0.1×	1.6×+0.1×	1.5×0.0×
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	5.4×-0.1×	5.5×0.0×	5.5×+0.3×	5.1×+0.2×	5×-0.2×
Interest coverage	2.7×-0.2×	2.9×-0.1×	2.9×-0.1×	3×0.0×	3.1×+0.2×
Per Share
Book value per share	$20.08+0.8%	$19.92+3.5%	$19.25+2.3%	$18.81-0.1%	$18.83-1.1%
Valuation
Market capitalization	$22.33B+13.0%	$19.76B-3.1%	$20.39B+6.9%	$19.07B+1.2%	$18.84B+9.8%
Enterprise value	$39.01B+7.9%	$36.15B+0.3%	$36.03B+8.5%	$33.21B+3.2%	$32.18B+7.4%
Price / earnings	23.2×+2.0×	21.3×-1.5×	22.8×+1.3×	21.5×-0.1×	21.7×-0.9×
Price / sales	2×+0.2×	1.8×-0.3×	2.1×+0.1×	2×0.0×	2×+0.1×
Price / book	2.3×+0.2×	2.1×-0.1×	2.2×+0.1×	2.1×0.0×	2.1×+0.1×
EV / EBITDA	12.6×+0.6×	12×-0.5×	12.6×+0.5×	12.1×+0.1×	12×0.0×
EV / sales	3.4×+0.2×	3.2×-0.4×	3.6×+0.2×	3.4×0.0×	3.4×+0.1×
Free cash flow yield	-3.7%-1.6pp	-2.1%+0.4pp	-2.5%+0.8pp	-3.3%+0.2pp	-3.5%+1.4pp
Earnings yield	4.3%-0.4pp	4.7%+0.3pp	4.4%-0.3pp	4.6%0.0pp	4.6%+0.2pp
Dividend yield	2.5%-0.2pp	2.7%+0.1pp	2.6%-0.1pp	2.7%0.0pp	2.6%-0.2pp
PEG ratio	2.2×+1.2×	1×-0.5×	1.4×0.0×	1.5×+0.2×	1.3×-2.2×

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Questions, answered.

What are NiSource's profit margins?: NiSource (NI) runs a 44.9% gross margin and a 16.7% operating margin, with a 8.5% net margin.
Where do NiSource's ratios come from?: Every ratio is computed from NiSource's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.