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%-1.1pp	46.1%-32.7pp	45.5%-32.8pp	45.6%-31.0pp
Operating margin	16.7%-0.3pp	16.4%+0.5pp	17.5%-9.8pp	17%-10.9pp	17%-9.5pp
Net margin	8.5%-0.6pp	8.3%0.0pp	9%-6.1pp	9.1%-6.1pp	9.1%-5.6pp
EBITDA margin	27.3%-0.8pp	26.9%-0.4pp	28.9%-18.3pp	28.2%-18.6pp	28.1%-17.0pp
Free cash flow margin	-7.3%-0.6pp	-3.8%+5.3pp	-5.1%+13.9pp	-6.4%+14.4pp	-6.8%+12.3pp
Returns
Return on equity	10.4%0.0pp	10.3%+1.3pp	10.3%+0.3pp	10.6%+0.3pp	10.4%+0.8pp
Return on assets	2.8%0.0pp	2.7%+0.3pp	2.7%+0.1pp	2.8%+0.1pp	2.8%+0.1pp
Return on invested capital	7.8%+0.2pp	7.8%+0.8pp	7.7%+0.8pp	7.5%+0.6pp	7.6%+0.8pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×+0.1×	0.3×+0.1×	0.3×+0.1×
Liquidity
Current ratio	0.6×+0.1×	0.7×+0.2×	0.5×+0.1×	0.6×-0.2×	0.5×-0.1×
Quick ratio	0.6×+0.1×	0.7×+0.2×	0.5×0.0×	0.6×-0.2×	0.5×-0.2×
Cash ratio	0×0.0×	0×0.0×	0×0.0×	0.1×+0.1×	0.1×0.0×
Leverage
Debt-to-equity	1.7×+0.2×	1.7×+0.3×	1.7×+0.2×	1.6×-0.1×	1.5×-0.1×
Debt-to-assets	0.5×0.0×	0.5×+0.1×	0.5×+0.1×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	5.4×+0.4×	5.5×+0.3×	5.5×+0.4×	5.1×-0.5×	5×-0.6×
Interest coverage	2.7×-0.3×	2.9×+0.1×	2.9×+0.3×	3×+0.3×	3.1×+0.3×
Per Share
Book value per share	$20.08+6.7%	$19.92+4.6%	$19.25+4.8%	$18.81+7.6%	$18.83+7.2%
Valuation
Market capitalization	$22.33B+18.5%	$19.76B+15.2%	$20.39B+31.2%	$19.07B+47.8%	$18.84B+61.5%
Enterprise value	$39.01B+21.2%	$36.15B+20.7%	$36.03B+29.8%	$33.21B+26.5%	$32.18B+31.3%
Price / earnings	23.2×+1.6×	21.3×-1.3×	22.8×+2.7×	21.5×+4.8×	21.7×+6.0×
Price / sales	2×0.0×	1.8×-0.1×	2.1×-1.0×	2×-0.6×	2×-0.3×
Price / book	2.3×+0.2×	2.1×+0.1×	2.2×+0.4×	2.1×+0.5×	2.1×+0.6×
EV / EBITDA	12.6×+0.7×	12×0.0×	12.6×+1.1×	12.1×+1.0×	12×+1.3×
EV / sales	3.4×+0.1×	3.2×0.0×	3.6×-1.8×	3.4×-1.8×	3.4×-1.5×
Free cash flow yield	-3.7%-0.3pp	-2.1%+2.7pp	-2.5%+3.8pp	-3.3%+4.9pp	-3.5%+4.9pp
Earnings yield	4.3%-0.3pp	4.7%+0.3pp	4.4%-0.6pp	4.6%-1.3pp	4.6%-1.8pp
Dividend yield	2.5%-0.2pp	2.7%-0.1pp	2.6%-0.4pp	2.7%-0.8pp	2.6%-1.1pp
PEG ratio	2.2×+0.9×	1×-2.5×	1.4×-1.3×	1.5×-0.2×	1.3×-1.8×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about NiSource.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.