Nisource (NI) Net Margin (2009 - 2026)
Nisource's Net Margin was 9.60% in Q3 2026, up 2.16 percentage points from 7.44% a year earlier and up 6.21 percentage points from the prior quarter.
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Analysis
Nisource (NI) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nisource's Net Margin was 8.07% through Sep 30, 2026, down 6.09 percentage points year-over-year; for FY2025, it was 13.99%, up 0.43 percentage points from FY2024.
- Net Margin shows a five-year change of +15.55 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 13.56% in FY2024 (+1.54 pp), 12.02% in FY2023 (-0.78 pp), 12.80% in FY2022 (+1.99 pp) and 10.81% in FY2021 (+12.37 pp).
- Quarterly Net Margin has moved between 3.39% (Q2 2026) and 22.05% (Q1 2022) over five years.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of -1.68 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q4 2021 (a gain of 4.97 percentage points); the worst was Q4 2025 (a drop of 10.22 percentage points).
- Per Business Quant data, NI's Net Margin in the three quarters before Q3 2026 was 3.39% (Q2 2026), 21.61% (Q1 2026) and 3.88% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 18.45% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 11.21% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 59.02% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 23.14% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 17.04% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 11.05% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 4.04% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 0.23% |
| 10 | Nisource | 21.72 Bn | 23.31 Bn | 1.14 Bn | 9.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.60% |
| 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% |
API Access
Nisource Net Margin 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=net-margin&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();