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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	181.4%-97.5pp	278.9%+13.5pp	265.4%+3.3pp	262.1%-64.8pp
Operating margin	68%-29.6pp	97.6%+8.6pp	88.9%-0.7pp	89.6%+8.5pp
Net margin	35.5%-17.8pp	53.3%+2.8pp	50.5%-4.9pp	55.4%+21.2pp
EBITDA margin	112.1%-54.3pp	166.4%+15.9pp	150.5%+2.1pp	148.4%+1.9pp
Free cash flow margin	-22.1%+45.8pp	-67.9%-16.3pp	-51.7%-2.4pp	-49.3%+2.1pp
Returns
Return on equity	41.5%+2.7pp	38.7%+0.5pp	38.3%-4.8pp	43.1%+17.6pp
Return on assets	11.1%+0.6pp	10.4%-0.2pp	10.6%-1.7pp	12.3%+5.5pp
Return on invested capital	30.5%+3.0pp	27.5%+0.8pp	26.6%-1.8pp	28.4%+5.3pp
Efficiency
Asset turnover	1.2×+0.4×	0.8×0.0×	0.8×0.0×	0.9×+0.1×
Liquidity
Current ratio	2.3×-0.1×	2.4×+0.1×	2.3×-0.2×	2.5×-0.4×
Quick ratio	2.3×-0.1×	2.4×+0.1×	2.4×0.0×	2.4×-0.4×
Cash ratio	0.2×+0.1×	0.1×-0.4×	0.5×+0.4×	0.1×0.0×
Leverage
Debt-to-equity	6.6×+0.3×	6.3×-0.5×	6.8×+1.1×	5.8×-0.2×
Debt-to-assets	1.8×+0.1×	1.7×-0.1×	1.8×+0.2×	1.7×0.0×
Net debt / EBITDA	21×-0.4×	21.4×-1.8×	23.2×+2.2×	21×-2.1×
Interest coverage	11.9×+1.0×	11×-0.6×	11.6×-2.2×	13.8×+3.3×
Per Share
Book value per share	$76.81+6.0%	$72.45+6.7%	$67.90+2.8%	$66.06+6.2%
Valuation
Market capitalization	$78.06B+36.3%	$57.27B+29.4%	$44.27B-4.2%	$46.22B+17.2%
Enterprise value	$137.57B+26.8%	$108.48B+16.1%	$93.42B+6.1%	$88.02B+13.4%
Price / earnings	87.2×+12.2×	75×+12.8×	62.2×-0.3×	62.5×-57.7×
Price / sales	7.7×-2.0×	9.7×+1.9×	7.8×-0.8×	8.7×-0.1×
Price / book	8.6×+1.6×	7×+1.1×	5.8×-0.5×	6.3×+0.2×
EV / EBITDA	48.6×+3.5×	45.2×+1.1×	44.1×-0.2×	44.3×-2.6×
EV / sales	13.6×-5.0×	18.7×+2.1×	16.6×+0.1×	16.5×-0.7×
Free cash flow yield	-11.4%+16.3pp	-27.6%-1.3pp	-26.4%-3.0pp	-23.4%+0.2pp
Earnings yield	18.4%-3.4pp	21.8%-4.0pp	25.8%-0.1pp	25.9%+10.3pp
Dividend yield	10.5%-2.4pp	12.9%-1.7pp	14.6%+1.7pp	12.9%-0.8pp
PEG ratio	5.2×-5.8×	11×—	——	0.9×—

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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.