NI
NiSource Inc
NYSE: NI · UTILITIES · UTILITIES - REGULATED GAS
$48.18
-0.66% today
Updated 2026-04-29
Market cap
$23.06B
P/E ratio
24.71
P/S ratio
3.47x
EPS (TTM)
$1.95
Dividend yield
2.35%
52W range
$36 – $49
Volume
4.0M
NiSource Inc (NI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.49B | $7.94B | $8.87B | $6.65B | $6.42B | $6.02B | $5.06B | $5.66B | $6.47B | $4.65B | $4.49B | $4.87B | $5.11B | $5.21B | $4.68B | $4.90B | $5.85B | $5.51B | $5.46B | $6.64B |
| Revenue growth (YoY) | — | +6.0% | +11.8% | -25.1% | -3.4% | -6.3% | -15.9% | +11.8% | +14.4% | -28.1% | -3.4% | +8.5% | +4.9% | +1.8% | -10.1% | +4.7% | +19.4% | -5.9% | -0.9% | +21.8% |
| Cost of revenue | $6.04B | $6.44B | $5.63B | $3.32B | $4.61B | $4.01B | $3.18B | $3.22B | $3.74B | $3.07B | $2.84B | $3.12B | $4.11B | $2.89B | $2.70B | $2.85B | $3.60B | $3.03B | $2.65B | $2.75B |
| Gross profit | $7.49B | $7.94B | $3.25B | $3.33B | $1.76B | $1.75B | $1.85B | $1.41B | $1.53B | $1.58B | $1.66B | $1.75B | $1.00B | $2.32B | $1.99B | $2.05B | $2.25B | $2.48B | $2.81B | $3.89B |
| Gross margin | 100.0% | 100.0% | 36.6% | 50.1% | 27.4% | 29.0% | 36.6% | 24.9% | 23.7% | 34.0% | 36.9% | 36.0% | 19.6% | 44.5% | 42.4% | 41.9% | 38.5% | 45.0% | 51.5% | 58.6% |
| R&D | — | — | — | — | $0.00 | $0.00 | $30.60M | $31.30M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | $1.94B | $0.00 | $1.95B | $2.17B | $2.46B | $1.68B | $1.70B | $3.39B | $4.39B | $3.19B | $9.30M | $35.50M | $27.60M | $24.00M | $13.50M | $14.30M |
| Operating income | $927.40M | $866.70M | $919.00M | $801.00M | $891.80M | $914.40M | $1.04B | $698.10M | $789.10M | $799.90M | $866.10M | $921.20M | $124.70M | $890.70M | $550.80M | $1.01B | $1.27B | $1.30B | $1.46B | $1.84B |
| Operating margin | 12.4% | 10.9% | 10.4% | 12.0% | 13.9% | 15.2% | 20.6% | 12.3% | 12.2% | 17.2% | 19.3% | 18.9% | 2.4% | 17.1% | 11.8% | 20.6% | 21.6% | 23.5% | 26.7% | 27.6% |
| EBITDA | $1.48B | $1.41B | $1.51B | $1.37B | $1.40B | $1.39B | $1.59B | $1.17B | $1.29B | $1.25B | $1.42B | $1.38B | $741.60M | $1.60B | $1.07B | $1.80B | $2.15B | $2.22B | $2.57B | $3.00B |
| EBITDA margin | 19.8% | 17.7% | 17.0% | 20.7% | 21.8% | 23.1% | 31.4% | 20.7% | 19.9% | 26.8% | 31.7% | 28.4% | 14.5% | 30.8% | 22.8% | 36.7% | 36.7% | 40.4% | 47.1% | 45.2% |
| EBIT | $927.40M | $840.40M | $943.70M | $785.10M | $803.50M | $854.20M | $1.03B | $591.20M | $680.90M | $722.90M | $877.10M | $813.70M | $142.00M | $885.90M | $339.70M | $1.05B | $1.33B | $1.32B | $1.53B | $1.84B |
| Interest expense | $0.00 | $0.00 | $380.10M | $399.00M | $392.30M | $376.80M | $397.80M | $413.20M | $443.60M | $380.20M | $349.50M | $353.20M | $353.30M | $378.90M | $371.00M | $341.10M | $360.50M | $489.60M | $517.20M | $639.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $282.20M | $321.40M | $79.00M | $217.70M | $292.00M | $299.10M | $416.10M | $532.10M | $530.00M | $286.50M | $331.50M | $128.50M | $-50.60M | $383.10M | $-17.60M | $584.90M | $804.10M | $714.30M | $760.40M | $929.50M |
| Net income growth (YoY) | — | +13.9% | -75.4% | +175.6% | +34.1% | +2.4% | +39.1% | +27.9% | -0.4% | -45.9% | +15.7% | -61.2% | -139.4% | +857.1% | -104.6% | +3423.3% | +37.5% | -11.2% | +6.5% | +22.2% |
| Profit margin | 3.8% | 4.0% | 0.9% | 3.3% | 4.5% | 5.0% | 8.2% | 9.4% | 8.2% | 6.2% | 7.4% | 2.6% | -1.0% | 7.4% | -0.4% | 11.9% | 13.7% | 13.0% | 13.9% | 14.0% |