NiSource
NI
40.54
-0.13
-0.32%
NiSource
US · NI
#967 by market cap
Listed 1970
40.54
-0.13
-0.32%
Live - 5344 symbols - heartbeat 50s ago
· 2026-10-08 08:32
Pre-market
40.54
0.00%
After-hours
40.54
0.00%
- Market cap
- 19.44B
- P/E (TTM)i
- 21.56
- P/Bi
- 2.03
- EPSi
- 1.95
- Div yieldi
- 2.86%
- 52W posi
- 20%
Reader sentiment
Are you bullish or bearish on NI?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.79, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +21.76% YoY
Margins
- Gross margin
- 50.40%
- Operating margin
- 27.58%
- Net margin
- 13.95%
Key ratios & quality
- Enterprise valuei
- 35.54B
- PEG ratioi
- 4.36
- Altman Z-Scorei
- 0.79
PEG uses trailing P/E against the 3-year net income growth rate (4.95%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.11B | 5.21B | 4.68B | 4.90B | 5.85B | 5.51B | 5.46B | 6.64B |
| Gross profit | 1.00B | 2.32B | 1.99B | 2.05B | 2.25B | 2.48B | 2.81B | 3.35B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 125.90M | 1.31B | 961.40M | 1.01B | 1.16B | 1.30B | 1.46B | 1.83B |
| Pretax profit | -230.60M | 506.60M | -31.30M | 706.60M | 956.40M | 813.90M | 1.00B | 1.22B |
| Tax | -180.00M | 123.50M | -17.10M | 117.80M | 164.60M | 139.50M | 158.10M | 203.80M |
| Net profit | -50.60M | 383.10M | -14.20M | 588.80M | 791.80M | 674.40M | 844.70M | 1.01B |
| Basic EPS | 0 | 1 | 0 | 1 | 2 | 2 | 2 | 2 |
| Diluted EPS | -0.18 | 0.87 | -0.19 | 1.27 | 1.70 | 1.48 | 1.62 | 1.95 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.18B | 1.28B | 1.27B | 1.90B | 2.36B | 1.34B |
| Gross profit | 1.11B | 625.00M | 678.40M | 936.30M | 1.20B | 673.90M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 759.70M | 256.00M | 302.20M | 515.10M | 819.20M | 228.10M |
| Pretax profit | 632.40M | 124.30M | 127.60M | 332.10M | 642.00M | 47.10M |
| Tax | 105.70M | 23.80M | 20.60M | 53.70M | 85.80M | 10.20M |
| Net profit | 526.70M | 100.50M | 107.00M | 278.40M | 556.20M | 36.90M |
| Basic EPS | 1 | 0 | 0 | 1 | 1 | 0 |
| Diluted EPS | 1.00 | 0.22 | 0.20 | 0.53 | 1.06 | 0.09 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.06B | 1.85B | 1.66B | 1.92B | 2.58B | 4.50B | 2.08B | 2.38B |
| Cash & ST investments | 112.80M | 139.30M | 116.50M | 84.20M | 40.80M | 2.25B | 156.60M | 110.10M |
| Inventory | 422.50M | 424.70M | 401.10M | 498.70M | 751.90M | 503.20M | 389.10M | 449.50M |
| Total assets | 21.80B | 22.66B | 22.04B | 24.16B | 26.74B | 31.08B | 31.79B | 35.86B |
| Total current liabilities | 4.04B | 3.75B | 2.28B | 2.75B | 4.66B | 5.27B | 4.11B | 3.46B |
| Short-term debt | 2.03B | 1.79B | 526.30M | 624.80M | 1.79B | 3.07B | 1.89B | 755.70M |
| Long-term debt | 7.11B | 7.67B | 9.22B | 9.18B | 9.52B | 11.06B | 12.07B | 15.46B |
| Total liabilities | 16,053,100,000.00 | 16,673,100,000.00 | 16,202,700,000.00 | 16,884,000,000.00 | 18,834,800,000.00 | 20,940,900,000.00 | 21,119,800,000.00 | 24,198,800,000.00 |
| Total equity | 5.75B | 5.99B | 5.84B | 7.27B | 7.90B | 10.14B | 10.67B | 11.66B |
| Retained earnings | -1.40B | -1.37B | -1.77B | -1.58B | -1.21B | -967.00M | -711.70M | -315.20M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.18B | 2.00B | 1.85B | 2.38B | 2.41B | 2.20B |
| Cash & ST investments | 259.40M | 335.40M | 95.00M | 110.10M | 71.90M | 70.00M |
| Inventory | 261.30M | 368.00M | 475.30M | 449.50M | 303.50M | 408.40M |
| Total assets | 33.11B | 34.03B | 34.40B | 35.86B | 36.60B | 37.54B |
| Total current liabilities | 4.24B | 3.41B | 3.53B | 3.46B | 3.73B | 4.41B |
| Short-term debt | 2.05B | 1.28B | 1.29B | 755.70M | 1.31B | 1.79B |
| Long-term debt | 12.83B | 14.47B | 14.47B | 15.46B | 15.46B | 15.61B |
| Total liabilities | 22,159,100,000.00 | 23,032,000,000.00 | 23,161,100,000.00 | 24,198,800,000.00 | 24,673,500,000.00 | 25,649,200,000.00 |
| Total equity | 10.95B | 11.00B | 11.24B | 11.66B | 11.93B | 11.89B |
| Retained earnings | -501.40M | -532.10M | -572.00M | -315.20M | -96.60M | -196.20M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 540.10M | 1.58B | 1.10B | 1.22B | 1.41B | 1.94B | 1.78B | 2.36B |
| Depreciation & amortization | 599.60M | 717.40M | 725.90M | 748.40M | 820.80M | 908.20M | 1.04B | 1.17B |
| Free cash flow | -1.28B | -219.10M | -654.10M | -620.10M | -793.70M | -710.70M | -861.50M | -793.80M |
| Dividends paid | -284.90M | -354.60M | -376.70M | -400.30M | -436.60M | -457.30M | -489.20M | -530.40M |
| Stock buybacks / issuance | 844.20M | 244.40M | 211.40M | 1.14B | 154.30M | 12.90M | 612.60M | 312.10M |
| Ending cash balance | 121.10M | 148.40M | 125.60M | 94.90M | 75.40M | 2.28B | 198.60M | 135.70M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 686.40M | 495.40M | 467.90M | 712.60M | 442.30M | 680.40M |
| Depreciation & amortization | 258.60M | 286.70M | 306.90M | 315.40M | 288.30M | 362.20M |
| Free cash flow | 49.10M | -162.80M | -172.60M | -507.50M | -362.90M | -417.00M |
| Dividends paid | -132.00M | -132.20M | -132.20M | -134.00M | -149.00M | -144.30M |
| Stock buybacks / issuance | 3.20M | 3.60M | 252.30M | 53.00M | 3.90M | 3.10M |
| Ending cash balance | 303.70M | 365.60M | 119.50M | 135.70M | 97.10M | 95.40M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -1.43 | 6.57 | -1.46 | 10.31 | 13.11 | 9.58 | 8.96 | 10.22 |
| ROA %i | -0.31 | 1.48 | -0.33 | 2.29 | 2.94 | 2.29 | 2.35 | 2.74 |
| ROIC %i | 1.48 | 4.23 | 1.31 | 5.38 | 6.40 | 5.43 | 5.25 | 6.08 |
| 5-year avg ROE %i | 4.90 | 4.46 | 3.03 | 3.41 | 5.42 | 7.62 | 8.10 | 10.44 |
| EBIT margin %i | 2.78 | 17.01 | 7.26 | 21.43 | 22.71 | 23.89 | 27.97 | 28.28 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.51 | 0.49 | 0.73 | 0.70 | 0.55 | 0.85 | 0.51 | 0.69 |
| Quick ratioi | 0.31 | 0.28 | 0.41 | 0.37 | 0.26 | 0.60 | 0.28 | 0.40 |
| Debt / assetsi | 41.89 | 42.78 | 45.13 | 41.37 | 42.32 | 45.46 | 43.92 | 45.22 |
| LT debt / equityi | 145.87 | 154.85 | 193.37 | 173.47 | 157.97 | 142.04 | 139.04 | 163.57 |
| Interest coveragei | 0.38 | 2.34 | 0.92 | 3.06 | 3.57 | 2.62 | 2.92 | 2.84 |
| Revenue CAGR (3Y) %i | 3.21 | 5.06 | -1.34 | -1.42 | 3.95 | 5.55 | 3.64 | 4.32 |
| Net income CAGR (3Y) %i | -- | 4.94 | -- | -- | 28.04 | -- | 9.14 | 4.95 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 10.35 | 10.57 | 10.24 | 10.22 | 10.38 | 9.82 |
| ROA %i | 2.78 | 2.77 | 2.74 | 2.74 | 2.76 | 2.53 |
| ROIC %i | 5.88 | 5.81 | 5.89 | 6.08 | 6.23 | 6.04 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 28.63 | 27.93 | 28.00 | 28.28 | 28.54 | 28.04 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.52 | 0.59 | 0.52 | 0.69 | 0.65 | 0.50 |
| Quick ratioi | 0.34 | 0.34 | 0.24 | 0.40 | 0.37 | 0.22 |
| Debt / assetsi | 44.96 | 46.30 | 45.82 | 45.22 | 45.81 | 46.35 |
| LT debt / equityi | 144.24 | 162.95 | 158.72 | 163.57 | 160.06 | 163.06 |
| Interest coveragei | 3.15 | 3.12 | 2.98 | 2.84 | 2.70 | 2.47 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Northern Indiana Public Service Company LLC (NIPSCO) Operations is the largest reported line at 55.44% of revenue, across 4 reported segments.
- Columbia Operations follows at 44.73%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Northern Indiana Public Service Company LLC (NIPSCO) Operations55.44%
Columbia Operations44.73%
Corporate and Other12.17%
Quote time 2026-10-08 08:32:18 · For reference only, not investment advice and not tailored to your situation.