Nisource (NI) Net Margin (2009 - 2026)
Nisource (NI) reported Net Margin of 21.99% for Q1 2026, up 24.0% on a YoY basis from 17.73% in Q1 2025, and up 456.41% quarter-over-quarter from 3.95% in Q4 2025.
Nisource (NI) Net Margin (2009 - 2026) Analysis & Trends
Nisource has reported Net Margin for 18 years, with the latest figure at 21.99% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 24.0% year-over-year to 21.99%; the trailing twelve-month figure through Mar 2026 stood at 8.49% (down 60.0% YoY), and the FY2025 full-year result was 14.25%, up 69.0% from the prior year.
- Net Margin for Q1 2026 stood at 21.99%, up from 3.95% in the prior quarter.
- The five-year high for Net Margin was 22.44% in Q1 2022, with the low at 3.74% in Q2 2023.
- Historically, Net Margin has averaged 11.42% across 5 years, with a median of 8.14% in 2024.
- The largest YoY upside for Net Margin was 472 bps in 2024 against a maximum downside of 1209 bps in 2024.
- Nisource's Net Margin stood at 13.54% in 2022, then advanced by 21 bps to 16.33% in 2023, then slumped by 74 bps to 4.24% in 2024, then fell by 7 bps to 3.95% in 2025, then jumped by 456 bps to 21.99% in 2026.
- The last three Net Margin figures came in at 21.99% (Q1 2026), 3.95% (Q4 2025), and 7.64% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 29.65% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 21.99% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 19.37% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 23.01% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 17.05% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 15.47% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | -0.02% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -1.31% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 23.79% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | -12.67% |
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% |