Nisource (NI) EBITDA Margin (2009 - 2026)
Nisource's EBITDA Margin was 43.97% in Q2 2026, up 1.14 percentage points from 42.84% a year earlier but down 2.89 percentage points from the prior quarter.
Powered by 
Analysis
Nisource (NI) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nisource's EBITDA Margin was 26.96% through Jun 30, 2026, down 17.90 percentage points year-over-year; for FY2025, it came in at 45.21%, down 0.60 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +17.94 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 45.80% in FY2024 (+5.78 pp), 40.03% in FY2023 (+4.36 pp), 35.66% in FY2022 (-0.16 pp) and 35.83% in FY2021 (+8.56 pp).
- Quarterly EBITDA Margin has moved between 12.51% (Q4 2025) and 48.38% (Q1 2024) over five years.
- Compared with a year earlier, EBITDA Margin was higher in five of the last eight quarters, with an average year-over-year change of -3.70 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q1 2024 (a gain of 10.85 percentage points); the worst was Q4 2025 (a drop of 31.26 percentage points).
- Per Business Quant data, NI's EBITDA Margin in the three quarters before Q2 2026 was 46.87% (Q1 2026), 12.51% (Q4 2025) and 47.47% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 21.47% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 22.66% |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 43.70% |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 39.65% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 42.21% |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 45.92% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 59.37% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 57.71% |
| 10 | Nisource | 18.75 Bn | 20.72 Bn | 1.15 Bn | 43.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.97% |
| Mar 31, 2026 | 46.87% |
| Dec 31, 2025 | 12.51% |
| Sep 30, 2025 | 47.47% |
| Jun 30, 2025 | 42.84% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 43.76% |
| Sep 30, 2024 | 45.32% |
| Jun 30, 2024 | 45.22% |
| Mar 31, 2024 | 48.38% |
| Dec 31, 2023 | 43.59% |
| Sep 30, 2023 | 43.21% |
| Jun 30, 2023 | 36.88% |
| Mar 31, 2023 | 37.53% |
| Dec 31, 2022 | 34.13% |
| Sep 30, 2022 | 33.03% |
| Jun 30, 2022 | 29.75% |
| Mar 31, 2022 | 42.33% |
| Dec 31, 2021 | 33.55% |
| Sep 30, 2021 | 35.02% |
API Access
Nisource EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();