arrow_back Back Filing freshness 10-Q FY 2025 SEC EDGAR

download Export Data

NISOURCE INC.

$42.62 ▼ -0.75 (-1.74%) at close

19 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

auto_awesome

Analytical Summary

NISOURCE INC. shows strong fundamentals with top-quartile Debt to Equity and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $20.2B

Dividend Yield 2.63%

Revenue Growth 23.5% ↗

Op. Margin 28.1% ↗

ROIC 15.3% ↗

FCF / Share None

Trailing P/E 21.7x

Price / Book 2.2x

FCF Yield —

Debt / Equity 0.08

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$6.52B

↑ +23.5% —

Net Income Profit after all expenses

$929.50M

↑ +22.2% —

Operating Margin Operating profit as % of sales

28.1%

↑ +2.1% 84th

Long-Term Debt Long-term obligations

$6.43B

↓ -21.5% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.12 Latest / share

+5.7% YoY

+0.9% 12-yr CAGR

$1.02

FY 2014

$0.83

FY 2015

$0.83

FY 2016

$0.70

FY 2017

$0.78

FY 2018

$0.80

FY 2019

$0.84

FY 2020

$0.88

FY 2021

$0.94

FY 2022

$1.00

FY 2023

$1.06

FY 2024

$1.12

FY 2025

Financial view

Statement lens

Choose the reporting cadence, isolate a period range, or search directly for a metric.

Cadence

Annual Quarterly

Range

→

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	23.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+682%)	-1.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-140%)	-6.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-327%)	21.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+610%)	5.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+92%)	-11.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-483%)	1.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-58%)	5.5% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+84%)	5.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+76%)	-3.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-214%)	-11.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-492%)	-6.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-327%)	12.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+315%)	-16.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-647%)	-6.2% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-306%)	-3.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-218%)	-25.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-937%)	—	—
EPS Growth YoY (%)	20.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	2.5% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-13.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	36.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	N/M	-62.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	14.4% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-46.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-1.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	18.9% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	34.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	3.9% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	29.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	172.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	22.2% Good ↑ Good Improving Year-over-year change in net income	6.5% Fair ↓ Fair Declining Year-over-year change in net income	-11.2% Weak Weak Year-over-year change in net income	37.5% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	N/M	-61.2% Weak ↓ Weak Declining Year-over-year change in net income	15.7% Good ↑ Good Improving Year-over-year change in net income	-45.9% Weak ↓ Weak Declining Year-over-year change in net income	-0.4% Weak ↓ Weak Declining Year-over-year change in net income	27.9% Excellent ↑ Excellent Improving Year-over-year change in net income	39.1% Excellent ↓ Excellent Declining Year-over-year change in net income	5.8% Fair ↓ Fair Declining Year-over-year change in net income	29.8% Excellent Excellent Year-over-year change in net income	175.6% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	4.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	3.7% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	6.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.3% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.0% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-3.6% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-7.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.6% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-8.9% Weak Weak Compound annual revenue growth over 3 years	-12.2% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	0.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.4% Caution → Caution Stable Compound annual revenue growth over 5 years	3.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	1.0% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-0.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-0.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.5% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-1.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-5.7% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-6.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-4.5% Weak Weak Compound annual revenue growth over 5 years	-8.6% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	2.1% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	6.5% Fair Fair Compound annual EPS growth over 3 years	—	27.9% Excellent Excellent Compound annual EPS growth over 3 years	—	—	-5.1% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	—	-38.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-15.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-14.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	16.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	18.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	21.9% Excellent Excellent Compound annual EPS growth over 3 years	54.0% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	28.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	27.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	24.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	22.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	21.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	12.3% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	17.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	2.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	19.5% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	19.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	17.2% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	15.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	20.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	20.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	15.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	14.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	12.0% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	10.3% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	—
Profit Margin (%) (%)	14.3% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	14.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	13.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+11%)	14.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	12.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-0.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	7.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	-1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	2.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	7.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	6.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	10.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	9.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	8.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	5.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	4.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	3.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	0.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	15.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	13.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	12.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	13.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.6% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	11.8% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	16.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	6.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	10.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	14.8% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	14.6% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	13.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	15.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	5.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.4% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.5% Caution Caution Operating profit relative to total assets Optimal: > 10%	4.2% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	9.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	8.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	10.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+6%)	8.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	-0.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-103%)	6.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	-0.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-109%)	3.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	8.1% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	7.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	8.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	7.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	6.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	5.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	4.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-55%)	1.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.08x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-94%)	0.07x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-95%)	0.37x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	0.23x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-82%)	0.08x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-94%)	0.09x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-93%)	0.30x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-77%)	0.34x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.28x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-79%)	0.37x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	1.82x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+40%)	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	1.53x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	0.14x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-89%)	1.57x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+21%)	0.28x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	—	—
Interest Coverage (x)	3.29x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.11x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	2.65x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	3.50x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.95x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.49x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.35x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.35x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.61x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.46x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.10x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.08x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.76x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.49x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.40x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.31x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.01x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.42x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$625.90M	$448.00M	$803.20M	$1.72B	$475.80M	$386.50M	$1.63B	$1.86B	$1.18B	$1.46B	$6.98B	$1.55B	$8.98B	$740.60M	$7.85B	$1.37B	$86.60M	$-20.60M	$-34.60M
Debt / EBITDA (x)	0.25x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.24x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.38x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.84x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.32x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.39x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.10x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.73x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.81x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.06x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.24x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.24x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.48x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.45x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.92x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.07x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$13.79	$11.63	$12.85	$14.10	$12.02	$11.64	$13.49	$14.00	$14.36	$13.96	$14.64	$16.73	$18.11	$17.23	$21.47	$23.09	$24.18	$32.41	—
Basic EPS, GAAP (USD)	$1.96	$1.63	$1.59	$1.84	$1.35	$-0.19	$0.88	$-0.18	$0.39	$1.03	$0.90	$1.68	$1.70	$1.43	$1.06	$1.02	$0.79	$0.29	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$1.12	$1.06	$1.00	$0.94	$0.88	$0.84	$0.80	$0.78	$0.70	$0.83	$0.83	$1.02	$0.98	$0.94	$0.92	$0.92	$0.92	$0.92	—
Book Value per Share (USD)	$19.75	$18.48	$18.48	$18.38	$17.14	$14.68	$15.67	$15.44	$12.82	$12.60	$12.04	$19.54	$18.77	$17.90	$17.92	$17.56	$17.55	$17.26	—
Tangible Book Value per Share (USD)	$16.65	$15.32	$15.16	$14.78	$13.47	$10.89	$11.78	$10.31	$7.11	$6.62	$5.95	$13.35	$6.20	$5.13	$3.67	$3.27	$4.25	$17.26	—
Basic Weighted Avg Shares (shares)	472.90M	454.20M	416.10M	407.10M	393.60M	384.30M	374.65M	356.49M	329.39M	321.81M	317.75M	315.12M	312.40M	291.93M	280.40M	277.80M	275.10M	274.00M	—
Dividend Payout Ratio (%)	57.1% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	65.0% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	62.9% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	51.1% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	65.2% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-442.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	90.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-433.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	179.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	80.6% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	92.2% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	60.7% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	86.8% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	90.2% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	116.5% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	317.2% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$-1.08B	$-2.03B	$-765.70M	$-2.08B	$-825.40M	$-620.00M	$-1.89B	$-1.98B	$-1.42B	$-1.69B	$-1.08B	$-1.77B	$-1.02B	$-951.60M	$-1.40B	$-1.24B	$-926.00M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	—	$6.43B	—	$8.19B	—	$6.63B	—	—	—	—
Total Equity (USD)	$9.45B	$8.68B	$8.27B	$7.58B	$6.95B	$5.75B	$5.99B	$5.75B	$4.32B	$4.07B	$3.84B	$6.18B	$5.89B	$5.55B	$5.00B	$4.90B	$4.85B	$4.73B	$5.08B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$6.52B	$5.28B	$5.35B	$5.74B	$4.73B	$4.47B	$5.05B	$4.99B	$4.73B	$4.49B	$4.65B	$5.27B	$5.66B	$5.03B	$6.02B	$6.41B	$6.65B	$8.88B	—
Depreciation Expense (USD)	$1.17B	$1.04B	$908.20M	$820.80M	$748.40M	$725.90M	$717.40M	$599.60M	$570.30M	$547.10M	$524.40M	$486.90M	$577.30M	$561.90M	$538.20M	$597.10M	$589.30M	$567.00M	—
Net Income, GAAP (USD)	$929.50M	$760.40M	$714.30M	$804.10M	$584.90M	$-17.60M	$383.10M	$-50.60M	$128.50M	$331.50M	$286.50M	$530.00M	$532.10M	$416.10M	$299.10M	$282.60M	$217.70M	$79.00M	—
Operating Cash Flow (USD)	$2.36B	$1.78B	$1.94B	$1.41B	$1.22B	$1.10B	$1.58B	$540.10M	$742.20M	$803.30M	$1.46B	$1.32B	$1.44B	$1.28B	$870.20M	$725.40M	$1.67B	$585.30M	—

⌨️ Keyboard Shortcuts

/ Search

Esc Clear

A Annual

Q Quarterly

1-7 Jump to category

R Reset

bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 71 quarters

NISOURCE INC.

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare NI with peers