Growth Metrics

Nisource (NI) Cost of Revenue (2016 - 2026)

Nisource filings provide 17 years of Cost of Revenue readings, the most recent being $481.5 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 1144.19% to $481.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.7 billion, a 116.39% increase, with the full-year FY2025 number at $1.6 billion, up 39.94% from a year prior.
  • Cost of Revenue hit $481.5 million in Q4 2025 for Nisource, up from $193.6 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $986.4 million in Q4 2022 to a low of $38.7 million in Q4 2024.
  • Median Cost of Revenue over the past 5 years was $375.7 million (2022), compared with a mean of $402.1 million.
  • Biggest five-year swings in Cost of Revenue: plummeted 88.45% in 2024 and later soared 1144.19% in 2025.
  • Nisource's Cost of Revenue stood at $542.6 million in 2021, then soared by 81.79% to $986.4 million in 2022, then tumbled by 66.04% to $335.0 million in 2023, then plummeted by 88.45% to $38.7 million in 2024, then soared by 1144.19% to $481.5 million in 2025.
  • The last three reported values for Cost of Revenue were $481.5 million (Q4 2025), $193.6 million (Q3 2025), and $396.2 million (Q2 2025) per Business Quant data.