Nisource (NI) Net Margin (2009 - 2026)
Nisource's (NI) quarterly Net Margin came in at 3.39% in Q2 2026, down 458.0% on a YoY basis from 0.95% in Q2 2025, and down 84.32% quarter-over-quarter from 21.61% in Q1 2026.
Analysis
Nisource (NI) Net Margin (2009 - 2026) Analysis & Trends
Nisource (NI) has reported Net Margin for 18 consecutive years, with 3.39% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 458.0% year-over-year to 3.39%; the trailing twelve-month figure through Jun 2026 stood at 7.82% (down 664.0% YoY), and the FY2025 full-year result was 13.99%, up 43.0% from the prior year.
- Net Margin slipped to 3.39% in Q2 2026 per NI's latest filing, from 21.61% in the prior quarter.
- Across five years, Net Margin topped out at 22.05% in Q1 2022 and bottomed at 3.39% in Q2 2026.
- Historically, Net Margin has averaged 11.35% across 5 years, with a median of 7.96% in 2024.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 425 bps in 2024, then slumped 1022 bps in 2025.
- Over 5 years, Net Margin stood at 13.54% in 2022, then increased by 17 bps to 15.86% in 2023, then retreated by 11 bps to 14.1% in 2024, then slumped by 72 bps to 3.88% in 2025, then dropped by 13 bps to 3.39% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 3.39%, 21.61%, and 3.88% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.05 Bn | 27.53 Bn | - | 27.61% |
| 2 | Nisource | 19.98 Bn | 19.91 Bn | 867.50 Mn | 3.39% |
| 3 | New Jersey Resources | 5.39 Bn | 5.35 Bn | 243.61 Mn | 2.32% |
| 4 | ONE Gas | 4.94 Bn | 4.91 Bn | 272.01 Mn | 11.37% |
| 5 | Rgc Resources | 219.91 Mn | 216.89 Mn | 11.98 Mn | 3.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.39% |
| Mar 31, 2026 | 21.61% |
| Dec 31, 2025 | 3.88% |
| Sep 30, 2025 | 7.44% |
| Jun 30, 2025 | 7.97% |
| Mar 31, 2025 | 21.75% |
| Dec 31, 2024 | 14.10% |
| Sep 30, 2024 | 7.96% |
| Jun 30, 2024 | 7.91% |
| Mar 31, 2024 | 20.18% |
| Dec 31, 2023 | 15.86% |
| Sep 30, 2023 | 7.49% |
| Jun 30, 2023 | 3.66% |
| Mar 31, 2023 | 16.24% |
| Dec 31, 2022 | 13.54% |
| Sep 30, 2022 | 4.77% |
| Jun 30, 2022 | 4.50% |
| Mar 31, 2022 | 22.05% |
| Dec 31, 2021 | 10.81% |
| Sep 30, 2021 | 5.15% |