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%-67.2pp	181.4%-97.5pp	182.5%-122pp	215.2%-77.7pp	247.9%-31.2pp
Operating margin	67.7%-20.4pp	68%-29.6pp	67.4%-38.5pp	77.2%-24.2pp	88.1%-6.8pp
Net margin	34.9%-12.7pp	35.5%-17.8pp	35.5%-22.8pp	41.6%-14.4pp	47.7%-5.3pp
EBITDA margin	111.3%-38.1pp	112.1%-54.3pp	112.5%-67.8pp	130.8%-40.4pp	149.4%-11.3pp
Free cash flow margin	-22.7%+33.0pp	-22.1%+45.8pp	-27.4%+44.7pp	-41.3%+23.4pp	-55.6%+1.4pp
Returns
Return on equity	41.5%+1.9pp	41.5%+2.7pp	40.2%+1.4pp	39.9%+1.0pp	39.5%+1.2pp
Return on assets	11%+0.5pp	11.1%+0.6pp	10.7%+0.3pp	10.6%+0.1pp	10.5%0.0pp
Return on invested capital	30.7%+2.4pp	30.5%+3.0pp	29.7%+2.6pp	28.9%+1.8pp	28.3%+1.6pp
Efficiency
Asset turnover	1.3×+0.3×	1.2×+0.4×	1.2×+0.5×	1.1×+0.3×	1×+0.2×
Liquidity
Current ratio	2.4×+0.2×	2.3×-0.1×	2.1×-0.6×	2.1×-0.6×	2.3×-0.1×
Quick ratio	2.4×+0.2×	2.3×-0.1×	2.1×-0.7×	2.1×-0.7×	2.3×-0.1×
Cash ratio	0.2×0.0×	0.2×+0.1×	0.2×-0.3×	0.2×-0.3×	0.2×-0.3×
Leverage
Debt-to-equity	6.8×+0.6×	6.6×+0.3×	6.4×-0.2×	6.1×-0.8×	6.2×-0.7×
Debt-to-assets	1.8×+0.1×	1.8×+0.1×	1.7×-0.1×	1.6×-0.2×	1.7×-0.2×
Net debt / EBITDA	21.4×+0.7×	21×-0.4×	20.7×-1.1×	20.3×-2.5×	20.7×-2.4×
Interest coverage	11.6×+0.3×	11.9×+1.0×	11.9×+1.1×	11.6×+0.6×	11.3×+0.1×
Per Share
Book value per share	$78.06+5.9%	$76.81+6.0%	$75.94+5.7%	$75.05+7.8%	$73.71+7.9%
Valuation
Market capitalization	$81.55B+26.5%	$78.06B+36.3%	$75.46B+47.1%	$70.61B+53.6%	$64.44B+45.2%
Enterprise value	$144.39B+24.3%	$137.57B+26.8%	$131.38B+29.0%	$123.11B+26.3%	$116.15B+22.3%
Price / earnings	88.8×+7.8×	87.2×+12.2×	88.5×+20.4×	85.8×+23.7×	81×+19.4×
Price / sales	7.8×-1.7×	7.7×-2.0×	7.8×-2.1×	8.8×+0.1×	9.4×+1.2×
Price / book	8.8×+1.2×	8.6×+1.6×	8.5×+2.1×	8.1×+2.2×	7.6×+1.8×
EV / EBITDA	49.3×+2.9×	48.6×+3.5×	48.6×+4.8×	47.5×+4.4×	46.4×+3.0×
EV / sales	13.7×-3.5×	13.6×-5.0×	13.7×-6.1×	15.4×-3.0×	17.2×-0.2×
Free cash flow yield	-11.6%+11.1pp	-11.4%+16.3pp	-14.1%+15.0pp	-17.9%+11.4pp	-22.8%+5.0pp
Earnings yield	18.1%-2.0pp	18.4%-3.4pp	18.1%-5.7pp	18.7%-7.2pp	20%-6.0pp
Dividend yield	10.3%-1.5pp	10.5%-2.4pp	10.6%-3.1pp	11%-3.7pp	11.8%-3.0pp
PEG ratio	6.1×-3.1×	5.2×-5.8×	7.7×—	9×—	9.2×—

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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.