Nisource (NI) Gross Margin (2009 - 2026)

Nisource (NI) posted Gross Margin of 78.93% for Q1 2026, down 14.77% quarter-over-quarter from 92.62% in Q4 2025, and down 147.0% year-on-year from 167.95% in Q1 2025.

Nisource (NI) Gross Margin (2009 - 2026) Analysis & Trends

Nisource (NI) has reported Gross Margin for 18 consecutive years, with 78.93% the latest figure, recorded in Q1 2026.

  • Gross Margin for Q1 2026 came in at 78.93%, down 147.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 85.63% (down 3.0% YoY), and the FY2025 annual result was 75.71%, up 349.0% from the prior year.
  • Gross Margin was 78.93% for Q1 2026 at Nisource, down from 92.62% in the prior quarter.
  • Over five years, Gross Margin peaked at 92.62% in Q4 2025 and troughed at 65.84% in Q3 2024.
  • Average Gross Margin over 5 years is 77.25%, with a median of 78.57% recorded in 2022.
  • The widest YoY moves for Gross Margin: up 1422 bps in 2022, down 987 bps in 2022.
  • Over 5 years, Gross Margin stood at 78.57% in 2022, then dropped by 0 bps to 78.54% in 2023, then advanced by 17 bps to 92.02% in 2024, then advanced by 1 bps to 92.62% in 2025, then fell by 15 bps to 78.93% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 78.93% in Q1 2026, 92.62% in Q4 2025, and 67.66% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - -
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 78.93%
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 55.79%
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 88.02%
5 Black Hills 5.61 Bn 5.58 Bn - -
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 52.68%
7 Mdu Resources 4.26 Bn 4.20 Bn - -
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 41.08%
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn 4.94%
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 87.64%

Historic Data

Download Data
DateValue
Mar 31, 2026 78.93%
Dec 31, 2025 92.62%
Sep 30, 2025 67.66%
Jun 30, 2025 79.59%
Mar 31, 2025 80.40%
Dec 31, 2024 92.02%
Sep 30, 2024 65.84%
Jun 30, 2024 84.38%
Mar 31, 2024 76.97%
Dec 31, 2023 78.54%
Sep 30, 2023 65.97%
Jun 30, 2023 76.40%
Mar 31, 2023 80.10%
Dec 31, 2022 78.57%
Sep 30, 2022 69.64%
Jun 30, 2022 66.98%
Mar 31, 2022 78.57%
Dec 31, 2021 64.35%
Sep 30, 2021 61.79%
Jun 30, 2021 76.85%