Nisource (NI) Net Margin (2009 - 2026)
Nisource's (NI) quarterly Net Margin came in at 21.99% in Q1 2026, up 24.0% YoY from 17.73% in Q1 2025, and up 466.6% on a QoQ basis from 3.88% in Q4 2025.
Nisource (NI) Net Margin (2009 - 2026) Analysis & Trends
Nisource (NI) has 18 years of Net Margin data on file, last reported at 21.99% in Q1 2026.
- Quarterly Net Margin rose 24.0% year-over-year to 21.99% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.4% (down 53.0% YoY) and the FY2025 annual result came in at 13.99%, down 1.0% from the prior year.
- Net Margin climbed to 21.99% in Q1 2026, from 3.88% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 22.44% in Q1 2022 to a low of 3.66% in Q2 2023.
- A 5-year average of 11.4% and a median of 8.14% in 2024 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 448 bps in 2024, down 1222 bps in 2024.
- Tracing NI's Net Margin over 5 years: stood at 12.85% in 2022, then rose by 27 bps to 16.33% in 2023, then slumped by 75 bps to 4.1% in 2024, then declined by 5 bps to 3.88% in 2025, then jumped by 467 bps to 21.99% in 2026.
- The last three Net Margin figures came in at 21.99% (Q1 2026), 3.88% (Q4 2025), and 7.64% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.04 Bn | 28.51 Bn | - | 27.61% |
| 2 | Nisource | 20.20 Bn | 20.13 Bn | 867.50 Mn | 3.39% |
| 3 | Ugi | 8.24 Bn | 7.76 Bn | 573.00 Mn | -9.99% |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 2.32% |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | 8.92% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 11.37% |
| 7 | Mdu Resources | 4.34 Bn | 4.29 Bn | - | 5.66% |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 12.58% |
| 9 | Centuri Holdings | 2.24 Bn | 2.20 Bn | 69.14 Mn | 0.64% |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | -2.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.39% |
| Mar 31, 2026 | 21.99% |
| Dec 31, 2025 | 3.88% |
| Sep 30, 2025 | 7.64% |
| Jun 30, 2025 | 7.97% |
| Mar 31, 2025 | 21.75% |
| Dec 31, 2024 | 4.10% |
| Sep 30, 2024 | 8.19% |
| Jun 30, 2024 | 8.14% |
| Mar 31, 2024 | 20.96% |
| Dec 31, 2023 | 16.33% |
| Sep 30, 2023 | 7.49% |
| Jun 30, 2023 | 3.66% |
| Mar 31, 2023 | 16.83% |
| Dec 31, 2022 | 12.85% |
| Sep 30, 2022 | 4.91% |
| Jun 30, 2022 | 4.60% |
| Mar 31, 2022 | 22.44% |
| Dec 31, 2021 | 10.81% |
| Sep 30, 2021 | 5.38% |