Nisource (NI) FCF Margin (2010 - 2026)
Nisource's FCF Margin was -31.06% in Q2 2026, down 18.37 percentage points from -12.69% a year earlier and down 15.71 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 -9.35% through Jun 30, 2026, up 0.91 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 Q2 2026 figure marks the lowest quarterly FCF Margin since Q3 2023.
- Compared with a year earlier, FCF Margin was higher in six of the last eight quarters, with an average year-over-year change of +3.13 percentage points.
- 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 Q2 2026 (a drop of 18.37 percentage points).
- Per Business Quant data, NI's FCF Margin in the three quarters before Q2 2026 was -15.36% (Q1 2026), -2.01% (Q4 2025) and -13.56% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 77.93 Bn | 59.46 Bn | - | - |
| 3 | Dominion Energy | 53.37 Bn | 56.05 Bn | - | -26.81% |
| 4 | Xcel Energy | 44.14 Bn | 39.04 Bn | - | -59.25% |
| 5 | Wec Energy | 33.42 Bn | 33.65 Bn | 1.51 Bn | -13.08% |
| 6 | Ameren | 27.75 Bn | 27.83 Bn | - | -14.77% |
| 7 | Fortis | 26.92 Bn | 27.40 Bn | 1.60 Bn | 93.14% |
| 8 | Atmos Energy | 26.63 Bn | 25.40 Bn | 870.85 Mn | -45.44% |
| 9 | American Water Works Company | 25.79 Bn | 25.20 Bn | - | -19.04% |
| 10 | Nisource | 18.86 Bn | 20.84 Bn | 1.15 Bn | -31.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | -26.93% |
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();