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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Nisource (NI) Gross Margin (2016 - 2025)

Nisource's Gross Margin history spans 17 years, with the latest figure at 92.62% for Q4 2025.

  • For Q4 2025, Gross Margin fell 667.0% year-over-year to 92.62%; the TTM value through Dec 2025 reached 84.64%, down 678.0%, while the annual FY2025 figure was 75.71%, 286.0% down from the prior year.
  • Gross Margin reached 92.62% in Q4 2025 per NI's latest filing, up from 84.39% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.29% in Q4 2024 to a low of 42.13% in Q4 2022.
  • Average Gross Margin over 5 years is 73.15%, with a median of 71.92% recorded in 2025.
  • Peak YoY movement for Gross Margin: plummeted -6088bps in 2021, then skyrocketed 3137bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 59.91% in 2021, then fell by -30bps to 42.13% in 2022, then skyrocketed by 74bps to 73.51% in 2023, then soared by 35bps to 99.29% in 2024, then decreased by -7bps to 92.62% in 2025.
  • Per Business Quant, the three most recent readings for NI's Gross Margin are 92.62% (Q4 2025), 84.39% (Q3 2025), and 68.22% (Q2 2025).