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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	180.7%-0.7pp	181.4%-1.1pp	182.5%-32.7pp	215.2%-32.8pp	247.9%-31.0pp
Operating margin	67.7%-0.3pp	68%+0.5pp	67.4%-9.8pp	77.2%-10.9pp	88.1%-9.5pp
Net margin	34.9%-0.6pp	35.5%0.0pp	35.5%-6.1pp	41.6%-6.1pp	47.7%-5.6pp
EBITDA margin	111.3%-0.8pp	112.1%-0.4pp	112.5%-18.3pp	130.8%-18.6pp	149.4%-17.0pp
Free cash flow margin	-22.7%-0.6pp	-22.1%+5.3pp	-27.4%+13.9pp	-41.3%+14.4pp	-55.6%+12.3pp
Returns
Return on equity	41.5%0.0pp	41.5%+1.3pp	40.2%+0.3pp	39.9%+0.3pp	39.5%+0.8pp
Return on assets	11%0.0pp	11.1%+0.3pp	10.7%+0.1pp	10.6%+0.1pp	10.5%+0.1pp
Return on invested capital	30.7%+0.2pp	30.5%+0.8pp	29.7%+0.8pp	28.9%+0.6pp	28.3%+0.8pp
Efficiency
Asset turnover	1.3×0.0×	1.2×0.0×	1.2×+0.1×	1.1×+0.1×	1×+0.1×
Liquidity
Current ratio	2.4×+0.1×	2.3×+0.2×	2.1×+0.1×	2.1×-0.2×	2.3×-0.1×
Quick ratio	2.4×+0.1×	2.3×+0.2×	2.1×0.0×	2.1×-0.2×	2.3×-0.2×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×+0.1×	0.2×0.0×
Leverage
Debt-to-equity	6.8×+0.2×	6.6×+0.3×	6.4×+0.2×	6.1×-0.1×	6.2×-0.1×
Debt-to-assets	1.8×0.0×	1.8×+0.1×	1.7×+0.1×	1.6×0.0×	1.7×0.0×
Net debt / EBITDA	21.4×+0.4×	21×+0.3×	20.7×+0.4×	20.3×-0.5×	20.7×-0.6×
Interest coverage	11.6×-0.3×	11.9×+0.1×	11.9×+0.3×	11.6×+0.3×	11.3×+0.3×
Per Share
Book value per share	$78.06+1.6%	$76.81+1.1%	$75.94+1.2%	$75.05+1.8%	$73.71+1.7%
Valuation
Market capitalization	$81.55B+4.5%	$78.06B+3.5%	$75.46B+6.9%	$70.61B+9.6%	$64.44B+12.5%
Enterprise value	$144.39B+5.0%	$137.57B+4.7%	$131.38B+6.7%	$123.11B+6.0%	$116.15B+7.1%
Price / earnings	88.8×+1.6×	87.2×-1.3×	88.5×+2.7×	85.8×+4.8×	81×+6.0×
Price / sales	7.8×0.0×	7.7×-0.1×	7.8×-1.0×	8.8×-0.6×	9.4×-0.3×
Price / book	8.8×+0.2×	8.6×+0.1×	8.5×+0.4×	8.1×+0.5×	7.6×+0.6×
EV / EBITDA	49.3×+0.7×	48.6×0.0×	48.6×+1.1×	47.5×+1.0×	46.4×+1.3×
EV / sales	13.7×+0.1×	13.6×0.0×	13.7×-1.8×	15.4×-1.8×	17.2×-1.5×
Free cash flow yield	-11.6%-0.3pp	-11.4%+2.7pp	-14.1%+3.8pp	-17.9%+4.9pp	-22.8%+4.9pp
Earnings yield	18.1%-0.3pp	18.4%+0.3pp	18.1%-0.6pp	18.7%-1.3pp	20%-1.8pp
Dividend yield	10.3%-0.2pp	10.5%-0.1pp	10.6%-0.4pp	11%-0.8pp	11.8%-1.1pp
PEG ratio	6.1×+0.9×	5.2×-2.5×	7.7×-1.3×	9×-0.2×	9.2×-1.8×

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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.