Nisource (NI) FCF Margin (2010 - 2026)
Nisource's (NI) quarterly FCF Margin came in at 15.63% in Q1 2026, down 1788.0% YoY from 0.93% in Q1 2025, and down 676.34% on a QoQ basis from 2.01% in Q4 2025.
Nisource (NI) FCF Margin (2010 - 2026) Analysis & Trends
Nisource (NI) has 17 years of FCF Margin data on file, last reported at 15.63% in Q1 2026.
- Quarterly FCF Margin fell 1788.0% year-over-year to 15.63% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 7.24% (down 57.0% YoY) and the FY2025 annual result came in at 6.32%, up 944.0% from the prior year.
- FCF Margin slipped to 15.63% in Q1 2026, from 2.01% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 7.05% in Q1 2022 to a low of 45.08% in Q3 2022.
- A 5-year average of 13.66% and a median of 12.69% in 2025 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin jumped 2209 bps — and 2026, when it sank 1788 bps.
- Tracing NI's FCF Margin over 5 years: stood at 17.09% in 2022, then sank by 53 bps to 26.12% in 2023, then soared by 85 bps to 4.04% in 2024, then surged by 50 bps to 2.01% in 2025, then sank by 676 bps to 15.63% in 2026.
- The last three FCF Margin figures came in at 15.63% (Q1 2026), 2.01% (Q4 2025), and 13.92% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.04 Bn | 28.51 Bn | - | -45.44% |
| 2 | Nisource | 20.20 Bn | 20.13 Bn | 867.50 Mn | -31.06% |
| 3 | Ugi | 8.24 Bn | 7.76 Bn | 573.00 Mn | 1.20% |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | -8.69% |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | -5.08% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 9.11% |
| 7 | Mdu Resources | 4.34 Bn | 4.29 Bn | - | 3.96% |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | -14.56% |
| 9 | Centuri Holdings | 2.24 Bn | 2.20 Bn | 69.14 Mn | -0.82% |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 13.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -31.06% |
| Mar 31, 2026 | -15.63% |
| Dec 31, 2025 | -2.01% |
| Sep 30, 2025 | -13.92% |
| Jun 30, 2025 | -12.69% |
| Mar 31, 2025 | 2.25% |
| Dec 31, 2024 | -4.04% |
| Sep 30, 2024 | -28.17% |
| Jun 30, 2024 | -17.48% |
| Mar 31, 2024 | -8.11% |
| Dec 31, 2023 | -26.12% |
| Sep 30, 2023 | -36.87% |
| Jun 30, 2023 | -8.92% |
| Mar 31, 2023 | 6.66% |
| Dec 31, 2022 | -17.09% |
| Sep 30, 2022 | -45.08% |
| Jun 30, 2022 | -12.06% |
| Mar 31, 2022 | 7.05% |
| Dec 31, 2021 | -18.93% |
| Sep 30, 2021 | -28.12% |