Nisource (NI) EBITDA Margin (2009 - 2026)
Nisource's EBITDA Margin was 50.25% in Q3 2026, up 2.78 percentage points from 47.47% a year earlier and up 6.28 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 27.42% through Sep 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 +17.74 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 (+8.35 pp).
- The Q3 2026 figure marks the highest quarterly EBITDA Margin since Q2 2019.
- Compared with a year earlier, EBITDA Margin has increased for three straight quarters, with an average year-over-year change of -3.61 percentage points over the last eight quarters.
- 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 Q3 2026 was 43.97% (Q2 2026), 46.87% (Q1 2026) and 12.51% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 52.86% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 48.33% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 50.94% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 41.53% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 22.66% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 49.53% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 37.87% |
| 10 | Nisource | 21.54 Bn | 21.23 Bn | 1.14 Bn | 50.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 50.25% |
| 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% |
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();