Nisource (NI) Gross Margin (2009 - 2026)
Nisource's Gross Margin came in at 84.64% for Q3 2026, down 0.16 percentage points from 84.79% a year earlier and down 0.94 percentage points from the prior quarter.
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Analysis
Nisource (NI) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Nisource reported Gross Margin of 86.74%, up 10.12 percentage points year-over-year; for FY2025, it was 76.15%, down 3.10 percentage points from FY2024.
- Gross Margin carries a five-year change of -0.16 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 79.25% in FY2024 (+7.10 pp), 72.15% in FY2023 (+8.22 pp), 63.93% in FY2022 (-7.66 pp) and 71.58% in FY2021 (-4.72 pp).
- The five-year range for quarterly Gross Margin is 59.56% (Q4 2022) to 92.75% (Q4 2025).
- Year-over-year, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +1.71 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 16.88 percentage points), and the weakest in Q4 2021 (a drop of 34.00 percentage points).
- Business Quant data shows NI's Gross Margin at 85.58% (Q2 2026), 71.68% (Q1 2026) and 92.75% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | - |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 84.89% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 74.54% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 69.45% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | - |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | - |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 96.40% |
| 10 | Nisource | 21.54 Bn | 21.23 Bn | 1.14 Bn | 84.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 84.64% |
| Jun 30, 2026 | 85.58% |
| Mar 31, 2026 | 71.68% |
| Dec 31, 2025 | 92.75% |
| Sep 30, 2025 | 84.79% |
| Jun 30, 2025 | 79.59% |
| Mar 31, 2025 | 70.34% |
| Dec 31, 2024 | 76.28% |
| Sep 30, 2024 | 84.59% |
| Jun 30, 2024 | 84.82% |
| Mar 31, 2024 | 75.09% |
| Dec 31, 2023 | 76.44% |
| Sep 30, 2023 | 82.35% |
| Jun 30, 2023 | 76.89% |
| Mar 31, 2023 | 61.08% |
| Dec 31, 2022 | 59.56% |
| Sep 30, 2022 | 69.64% |
| Jun 30, 2022 | 67.57% |
| Mar 31, 2022 | 62.28% |
| Dec 31, 2021 | 66.00% |
API Access
Nisource Gross 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=gross-margin&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();