NiSource Inc. (NI) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI

NiSource Inc. (NI) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI | MarketCI

NI

Market Closed

NiSource Inc.

NYSEUtilities Regulated Gas

7.69K employees

CEO: Lloyd Yates

Founded: 1962

$47.26

+$0.00(+NaN%)

Market Cap

22.66B

Beta

0.55

52W Range

N/A

Dividend Yield

2.45%

Overview Forecasts Fundamental Market Sentiment Valuation Ownership

Financial Statements

Comprehensive breakdown of financial statements and performance metrics

Gross Margin

58.6%

38.6%

CAGR: 17.4%

Profit after direct costs

Operating Margin

27.6%

26.1%

CAGR: 16.2%

Core business profitability

Net Margin

14.0%

22.2%

CAGR: 12.3%

Bottom line profitability

Revenue Growth

21.8%

YoY

CAGR: 7.9%

Top line growth rate

Revenue Flow Analysis

Visual flow showing how NI allocates revenue across expenses and profit

Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin

58.6%

$3.89B

Operating Margin

27.6%

$1.84B

Net Margin

14.0%

$929.50M

Detailed Income Statement

Complete profit and loss breakdown with margin analysis and historical comparison

Item	2021	2022	2023	2024	2025	YoY Change
Total Revenue	4.90B	5.85B	5.51B	5.46B	6.64B	21.8%
Cost of Revenue	(2.85B)	(3.60B)	(3.03B)	(2.65B)	(2.75B)	4.0%
Gross Profit	2.05B	2.25B	2.48B	2.81B	3.89B	38.6%
Operating Expenses
Research & Development	—	—	—	—	—	—
Selling, General & Administrative	(35.50M)	(27.60M)	(24.00M)	(13.50M)	(1.71B)	12568.1%
Depreciation & Amortization	(748.40M)	(820.80M)	(908.20M)	(1.04B)	(1.17B)	11.9%
Operating Income (EBIT)	1.01B	1.27B	1.30B	1.46B	1.84B	26.1%
Non-Operating Items
Interest Income	4.00M	4.30M	9.00M	10.40M	10.20M	-1.9%
Interest Expense	(341.10M)	(360.50M)	(489.60M)	(517.20M)	(639.00M)	23.5%
Other Income/Expenses (Net)	-300.30M	-309.40M	-481.60M	-452.70M	-618.90M	36.7%
Income Before Tax	706.60M	956.40M	813.90M	1.00B	1.22B	21.3%
Income Tax Expense	(117.80M)	(164.60M)	(139.50M)	(158.10M)	(203.80M)	28.9%
Net Income	584.90M	804.10M	714.30M	760.40M	929.50M	22.2%
Per Share Metrics
Earnings Per Share (Basic)	$1	$2	$2	$2	$2	20.2%
Weighted Avg Shares Outstanding	393.60M	407.10M	416.10M	454.20M	472.90M	4.1%
Weighted Avg Shares Outstanding (Diluted)	417.30M	442.70M	447.90M	456.00M	474.50M	4.1%
EBITDA	1.80B	2.15B	2.22B	2.57B	3.02B	17.7%

Explore NI

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

NI in the Utilities

Large Cap

Utilities

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Regulated Gas

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