Nisource (NI) FCF Margin (2010 - 2026)
Nisource's FCF Margin was -48.40% in Q3 2026, down 34.84 percentage points from -13.56% a year earlier and down 17.34 percentage points from the prior quarter.
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Analysis
Nisource (NI) FCF Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nisource's FCF Margin was -13.39% through Sep 30, 2026, down 5.39 percentage points year-over-year; for FY2025, it was -6.32%, up 8.94 percentage points from FY2024.
- FCF Margin shows a five-year change of +7.65 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -15.26% in FY2024 (-2.35 pp), -12.91% in FY2023 (+0.66 pp), -13.57% in FY2022 (-0.91 pp) and -12.66% in FY2021 (+1.32 pp).
- The Q3 2026 figure marks the lowest quarterly FCF Margin since Q4 2018.
- Compared with a year earlier, FCF Margin has declined for three straight quarters, with an average year-over-year change of -2.41 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q3 2025 (a gain of 13.82 percentage points); the worst was Q3 2026 (a drop of 34.84 percentage points).
- Per Business Quant data, NI's FCF Margin in the three quarters before Q3 2026 was -31.06% (Q2 2026), -15.36% (Q1 2026) and -2.01% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 32.94% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | -9.19% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | -18.34% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | -32.70% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | -26.83% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | -10.94% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | -30.63% |
| 10 | Nisource | 21.54 Bn | 21.23 Bn | 1.14 Bn | -48.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -48.40% |
| Jun 30, 2026 | -31.06% |
| Mar 31, 2026 | -15.36% |
| Dec 31, 2025 | -2.01% |
| Sep 30, 2025 | -13.56% |
| Jun 30, 2025 | -12.69% |
| Mar 31, 2025 | 2.25% |
| Dec 31, 2024 | -13.87% |
| Sep 30, 2024 | -27.38% |
| Jun 30, 2024 | -16.99% |
| Mar 31, 2024 | -7.81% |
| Dec 31, 2023 | -25.39% |
| Sep 30, 2023 | -36.87% |
| Jun 30, 2023 | -8.92% |
| Mar 31, 2023 | 6.42% |
| Dec 31, 2022 | -18.00% |
| Sep 30, 2022 | -43.78% |
| Jun 30, 2022 | -11.79% |
| Mar 31, 2022 | 6.92% |
| Dec 31, 2021 | -18.93% |
API Access
Nisource FCF 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=fcf-margin&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();