Nisource (NI) Invested Capital (2009 - 2026)
Nisource's Invested Capital came in at $28.34 billion for Q3 2026, up 10.2% from $25.71 billion a year earlier and up 3.0% from the prior quarter.
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Analysis
Nisource (NI) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Nisource's Invested Capital was $27.12 billion, up 19.2% from FY2024.
- Invested Capital has increased in each of the last ten years, with a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- Going back by year, Invested Capital was $22.74 billion in FY2024 (+7.3%), $21.19 billion in FY2023 (+21.6%), $17.43 billion in FY2022 (+5.9%) and $16.46 billion in FY2021 (+9.3%).
- The Q3 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2009.
- Year-over-year, Invested Capital has increased for 38 consecutive quarters, with growth averaging 12.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Invested Capital ran from 5.9% in Q4 2022 to 21.8% in Q2 2024.
- Business Quant data shows NI's Invested Capital at $27.51 billion (Q2 2026), $27.39 billion (Q1 2026) and $27.12 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 13.67 Bn |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 183.08 Bn |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 134.79 Bn |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 150.33 Bn |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | 113.40 Bn |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 88.46 Bn |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 54.70 Bn |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 48.97 Bn |
| 10 | Nisource | 21.72 Bn | 23.31 Bn | 1.14 Bn | 28.34 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.34 Bn |
| Jun 30, 2026 | 27.51 Bn |
| Mar 31, 2026 | 27.39 Bn |
| Dec 31, 2025 | 27.12 Bn |
| Sep 30, 2025 | 25.71 Bn |
| Jun 30, 2025 | 25.47 Bn |
| Mar 31, 2025 | 23.78 Bn |
| Dec 31, 2024 | 22.74 Bn |
| Sep 30, 2024 | 22.42 Bn |
| Jun 30, 2024 | 22.63 Bn |
| Mar 31, 2024 | 21.52 Bn |
| Dec 31, 2023 | 21.19 Bn |
| Sep 30, 2023 | 18.78 Bn |
| Jun 30, 2023 | 18.57 Bn |
| Mar 31, 2023 | 18.27 Bn |
| Dec 31, 2022 | 17.43 Bn |
| Sep 30, 2022 | 17.03 Bn |
| Jun 30, 2022 | 17.06 Bn |
| Mar 31, 2022 | 16.71 Bn |
| Dec 31, 2021 | 16.46 Bn |
API Access
Nisource Invested Capital 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=invested-capital&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();