NiSource Financial Statements
NYSE: NIUtilitiesPower GenerationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NiSource revenue and earnings
In fiscal 2025, NiSource generated $6.52 billion in revenue, up 23.5% from fiscal 2024. Net income was $929.5 million (+22.2% year over year), for a net margin of 14.3% versus a median of 13.4% in the prior 5 years. Gross margin was 75.7% (down from 78.6%) and operating margin 28.1%.
Diluted earnings per share came in at $1.95, up from $1.62. Over the last 5 fiscal years, NI's revenue has grown at a 7.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
NiSource income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.52B | 5.28B | 5.35B | 5.74B | 4.73B | 4.47B | 5.05B | 4.99B | 4.87B | 4.49B |
| Revenue growth (YoY) | +23.47% | -1.21% | -6.81% | +21.29% | +5.77% | -11.48% | +1.25% | +2.39% | +8.51% | -3.42% |
| Cost of Revenue | 1.58B | 1.13B | 1.53B | 2.11B | 1.39B | 1.11B | 1.53B | 1.76B | 1.52B | 1.39B |
| Gross Profit | 4.94B | 4.15B | 3.81B | 3.63B | 3.34B | 3.36B | 5.21B | 5.11B | 4.87B | 4.49B |
| Operating Expenses | 3.10B | 2.70B | 2.52B | 2.36B | 2.33B | 2.81B | 4.32B | 4.99B | 3.95B | 3.63B |
| Operating Income | 1.84B | 1.46B | 1.30B | 1.27B | 1.01B | 550.80M | 890.70M | 124.70M | 921.20M | 866.10M |
| Interest Expense | 639.00M | 517.20M | 489.60M | 361.60M | 341.10M | 370.70M | 378.90M | 353.30M | 353.20M | 349.50M |
| Other Income (Expense) | -618.90M | -452.70M | -481.60M | -309.40M | -300.30M | -582.10M | -384.10M | -355.30M | -478.20M | -352.50M |
| Pretax Income | 1.22B | 1.00B | 813.90M | 956.40M | 706.60M | -31.30M | 506.60M | -230.60M | 443.00M | 513.60M |
| Income Tax | 203.80M | 158.10M | 139.50M | 164.60M | 117.80M | -17.10M | 123.50M | -180.00M | 314.50M | 182.10M |
| Net Income | 929.50M | 760.40M | 714.30M | 804.10M | 584.90M | -17.60M | 383.10M | -50.60M | 128.50M | 331.50M |
| Net Income growth (YoY) | +22.24% | +6.45% | -11.17% | +37.48% | — | -104.59% | — | -139.38% | -61.24% | +15.71% |
| EPS (Basic) | 1.96 | 1.63 | 1.59 | 1.84 | 1.35 | -0.19 | 0.88 | -0.18 | 0.39 | 1.03 |
| EPS (Diluted) | 1.95 | 1.62 | 1.48 | 1.70 | 1.27 | -0.19 | 0.87 | -0.18 | 0.39 | 1.02 |
| Shares Outstanding (Basic) | 472.90M | 454.20M | 416.10M | 407.10M | 393.60M | 384.30M | 374.60M | 356.49M | 329.39M | 321.81M |
| Shares Outstanding (Diluted) | 474.50M | 456.00M | 447.90M | 442.70M | 417.30M | 384.30M | 376.00M | 356.49M | 330.76M | 323.52M |
| EBITDA | 3.00B | 2.50B | 2.20B | 2.09B | 1.76B | 1.28B | 1.61B | 724.30M | 1.49B | 1.41B |
| Gross Margin | 75.71% | 78.57% | 71.33% | 63.22% | 70.57% | 75.20% | 103.08% | 102.47% | 100.00% | 100.00% |
| Operating Margin | 28.14% | 27.55% | 24.22% | 22.06% | 21.28% | 12.31% | 17.63% | 2.50% | 18.90% | 19.28% |
| Net Margin | 14.25% | 14.39% | 13.36% | 14.01% | 12.36% | -39.00% | 7.58% | -101.00% | 2.64% | 7.38% |
This table shows 10 annual periods of NiSource's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NI's reporting calendar. What is a income statement?