Nisource (NI) FCF Margin (2010 - 2026)
Nisource (NI) reported FCF Margin of 15.63% for Q1 2026, down 1788.0% on a YoY basis from 0.93% in Q1 2025, and down 662.38% quarter-over-quarter from 2.05% in Q4 2025.
Nisource (NI) FCF Margin (2010 - 2026) Analysis & Trends
Nisource has reported FCF Margin for 17 years, with the latest figure at 15.63% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 1788.0% year-over-year to 15.63%; the trailing twelve-month figure through Mar 2026 stood at 7.32% (down 52.0% YoY), and the FY2025 full-year result was 6.44%, up 882.0% from the prior year.
- FCF Margin for Q1 2026 stood at 15.63%, down from 2.05% in the prior quarter.
- The five-year high for FCF Margin was 7.05% in Q1 2022, with the low at 43.78% in Q3 2022.
- Historically, FCF Margin has averaged 13.73% across 5 years, with a median of 12.69% in 2025.
- Annual changes were most pronounced in 2024 — FCF Margin soared 2196 bps — and 2026, when it sank 1788 bps.
- Nisource's FCF Margin stood at 18.0% in 2022, then slumped by 45 bps to 26.12% in 2023, then jumped by 84 bps to 4.17% in 2024, then jumped by 51 bps to 2.05% in 2025, then tumbled by 662 bps to 15.63% in 2026.
- The last three FCF Margin figures came in at 15.63% (Q1 2026), 2.05% (Q4 2025), and 13.92% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | -14.27% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | -15.63% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 18.40% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 60.95% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 11.34% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 2.38% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 18.77% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -7.64% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | -9.59% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 22.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -15.63% |
| Dec 31, 2025 | -2.05% |
| Sep 30, 2025 | -13.92% |
| Jun 30, 2025 | -12.69% |
| Mar 31, 2025 | 2.25% |
| Dec 31, 2024 | -4.17% |
| Sep 30, 2024 | -28.17% |
| Jun 30, 2024 | -17.48% |
| Mar 31, 2024 | -8.11% |
| Dec 31, 2023 | -26.12% |
| Sep 30, 2023 | -37.78% |
| Jun 30, 2023 | -9.11% |
| Mar 31, 2023 | 6.42% |
| Dec 31, 2022 | -18.00% |
| Sep 30, 2022 | -43.78% |
| Jun 30, 2022 | -12.06% |
| Mar 31, 2022 | 7.05% |
| Dec 31, 2021 | -17.52% |
| Sep 30, 2021 | -28.12% |
| Jun 30, 2021 | -17.89% |