Nisource Inc. (NI) Gross Margin (2009 - 2026)
Nisource's Gross Margin came in at 85.58% for Q2 2026, up 5.98 percentage points from 79.59% a year earlier and up 13.90 percentage points from the prior quarter.
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Analysis
Nisource Inc. (NI) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nisource reported Gross Margin of 86.77%, up 10.45 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 +50.28 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 (+45.72 pp).
- The five-year range for quarterly Gross Margin is 59.56% (Q4 2022) to 92.75% (Q4 2025).
- Year-over-year, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +2.01 percentage points over the last eight quarters.
- 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 71.68% (Q1 2026), 92.75% (Q4 2025) and 84.79% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 78.29% |
API Access
Nisource Inc. 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();