NiSource Financial Ratios
NYSE: NIUtilitiesPower GenerationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NiSource ratio analysis
NiSource earned a net margin of 14.3% in FY 2025, down from 14.4% a year earlier. Gross margin was 75.7% compared with a median of 78.6% over the prior 9 years. Return on equity reached 9.8%, meaning NiSource generated 0.10 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.72 versus 1.61 the year before, and the current ratio was 0.69. At the end of FY 2025, NI traded at 21.6 times earnings; across the 8 fiscal years shown, its year-end P/E ranged from 16.1 to 65.8, with a median of 21.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
NiSource financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 21.62 | 22.46 | 17.94 | 16.13 | 21.74 | — | 31.49 | — | 65.82 | 21.71 |
| Price / sales | 3.06 | 3.13 | 2.07 | 1.95 | 2.30 | 1.97 | 2.03 | 1.82 | 1.73 | 1.59 |
| Price / book | 2.11 | 1.90 | 1.34 | 1.47 | 1.56 | 1.53 | 1.71 | 1.58 | 1.96 | 1.75 |
| Gross margin | 75.7% | 78.6% | 71.3% | 63.2% | 70.6% | 75.2% | 103.1% | 102.5% | 100.0% | 100.0% |
| Operating margin | 28.1% | 27.6% | 24.2% | 22.1% | 21.3% | 12.3% | 17.6% | 2.5% | 18.9% | 19.3% |
| Net margin | 14.3% | 14.4% | 13.4% | 14.0% | 12.4% | -0.4% | 7.6% | -1.0% | 2.6% | 7.4% |
| Free cash flow margin | -6.4% | -15.8% | -13.3% | -13.8% | -13.1% | -14.6% | -4.3% | -25.6% | -19.6% | -15.0% |
| Return on equity (ROE) | 9.8% | 8.8% | 8.6% | 10.6% | 8.4% | -0.3% | 6.4% | -0.9% | 3.0% | 8.1% |
| Return on assets (ROA) | 2.6% | 2.4% | 2.3% | 3.0% | 2.4% | -0.1% | 1.7% | -0.2% | 0.6% | 1.8% |
| Debt / equity | 1.72 | 1.61 | 1.71 | 1.49 | 1.41 | 1.69 | 1.61 | 1.59 | 2.08 | 1.94 |
| Current ratio | 0.69 | 0.51 | 0.85 | 0.55 | 0.70 | 0.73 | 0.49 | 0.51 | 0.55 | 0.51 |
| Revenue growth | 23.5% | -1.2% | -6.8% | 21.3% | 5.8% | -11.5% | 1.2% | 2.4% | 8.5% | -3.4% |
| EPS growth | 20.4% | 9.5% | -12.9% | 33.9% | — | -121.8% | — | -146.2% | -61.8% | 13.3% |