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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Nisource (NI) Operating Margin (2016 - 2026)

Nisource filings provide 17 years of Operating Margin readings, the most recent being 7.9% for Q4 2025.

  • On a quarterly basis, Operating Margin rose 26.0% to 7.9% in Q4 2025 year-over-year; TTM through Dec 2025 was 16.4%, a 68.0% increase, with the full-year FY2025 number at 28.14%, up 59.0% from a year prior.
  • Operating Margin hit 7.9% in Q4 2025 for Nisource, down from 23.99% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 34.78% in Q1 2025 to a low of 7.64% in Q4 2024.
  • Median Operating Margin over the past 5 years was 21.27% (2022), compared with a mean of 21.37%.
  • Biggest five-year swings in Operating Margin: surged 1880bps in 2021 and later crashed -2104bps in 2024.
  • Nisource's Operating Margin stood at 21.01% in 2021, then increased by 2bps to 21.44% in 2022, then soared by 34bps to 28.68% in 2023, then plummeted by -73bps to 7.64% in 2024, then rose by 3bps to 7.9% in 2025.
  • The last three reported values for Operating Margin were 7.9% (Q4 2025), 23.99% (Q3 2025), and 21.09% (Q2 2025) per Business Quant data.