Nisource (NI) Net Margin (2009 - 2026)
Nisource (NI) posted Net Margin of 21.99% for Q1 2026, up 456.41% quarter-over-quarter from 3.95% in Q4 2025, and up 24.0% year-on-year from 17.73% in Q1 2025.
Nisource (NI) Net Margin (2009 - 2026) Analysis & Trends
Nisource (NI) has reported Net Margin for 18 consecutive years, with 21.99% the latest figure, recorded in Q1 2026.
- Net Margin for Q1 2026 came in at 21.99%, up 24.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 8.49% (down 60.0% YoY), and the FY2025 annual result was 14.25%, up 69.0% from the prior year.
- Net Margin was 21.99% for Q1 2026 at Nisource, up from 3.95% in the prior quarter.
- Over five years, Net Margin peaked at 22.44% in Q1 2022 and troughed at 3.74% in Q2 2023.
- Average Net Margin over 5 years is 11.42%, with a median of 8.14% recorded in 2024.
- The widest YoY moves for Net Margin: up 472 bps in 2024, down 1209 bps in 2024.
- Over 5 years, Net Margin stood at 13.54% in 2022, then increased by 21 bps to 16.33% in 2023, then sank by 74 bps to 4.24% in 2024, then slipped by 7 bps to 3.95% in 2025, then jumped by 456 bps to 21.99% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 21.99% in Q1 2026, 3.95% in Q4 2025, and 7.64% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | 29.65% |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 21.99% |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 19.37% |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 23.01% |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 17.05% |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 15.47% |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | -0.02% |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 23.79% |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | -1.31% |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 19.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.99% |
| Dec 31, 2025 | 3.95% |
| Sep 30, 2025 | 7.64% |
| Jun 30, 2025 | 7.97% |
| Mar 31, 2025 | 21.75% |
| Dec 31, 2024 | 4.24% |
| Sep 30, 2024 | 8.19% |
| Jun 30, 2024 | 8.14% |
| Mar 31, 2024 | 20.96% |
| Dec 31, 2023 | 16.33% |
| Sep 30, 2023 | 7.68% |
| Jun 30, 2023 | 3.74% |
| Mar 31, 2023 | 16.24% |
| Dec 31, 2022 | 13.54% |
| Sep 30, 2022 | 4.77% |
| Jun 30, 2022 | 4.60% |
| Mar 31, 2022 | 22.44% |
| Dec 31, 2021 | 10.00% |
| Sep 30, 2021 | 5.38% |
| Jun 30, 2021 | 4.72% |