Nisource (NI) Return on Invested Capital [ROIC] (2009 - 2026)
Nisource's Return on Invested Capital [ROIC] came in at 5.82% for Q3 2026, up 0.21 percentage points from 5.61% a year earlier and up 0.09 percentage points from the prior quarter.
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Analysis
Nisource (NI) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Nisource's Return on Invested Capital [ROIC] was 6.11%, up 0.60 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +2.30 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 5.51% in FY2024 (-0.04 pp), 5.55% in FY2023 (-0.56 pp), 6.11% in FY2022 (+0.85 pp) and 5.26% in FY2021 (+1.45 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 5.14% (Q4 2021) to 6.01% (Q4 2022).
- Year-over-year, Return on Invested Capital [ROIC] has increased for seven consecutive quarters, with an average year-over-year change of +0.23 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 1.43 percentage points), and the weakest in Q4 2023 (a drop of 0.65 percentage points).
- Business Quant data shows NI's Return on Invested Capital [ROIC] at 5.73% (Q2 2026), 5.89% (Q1 2026) and 5.76% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 8.06% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 4.66% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 5.00% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 5.52% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 5.76% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 5.06% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 7.17% |
| 10 | Nisource | 21.72 Bn | 23.31 Bn | 1.14 Bn | 5.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.87% |
| Jun 30, 2026 | 5.77% |
| Mar 31, 2026 | 5.91% |
| Dec 31, 2025 | 5.78% |
| Sep 30, 2025 | 5.64% |
| Jun 30, 2025 | 5.61% |
| Mar 31, 2025 | 5.88% |
| Dec 31, 2024 | 5.43% |
| Sep 30, 2024 | 5.26% |
| Jun 30, 2024 | 5.49% |
| Mar 31, 2024 | 5.37% |
| Dec 31, 2023 | 5.37% |
| Sep 30, 2023 | 5.77% |
| Jun 30, 2023 | 5.41% |
| Mar 31, 2023 | 5.49% |
| Dec 31, 2022 | 6.08% |
| Sep 30, 2022 | 5.78% |
| Jun 30, 2022 | 5.76% |
| Mar 31, 2022 | 5.85% |
| Dec 31, 2021 | 5.21% |
API Access
Nisource Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();