15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $6.5B | $930M | 0.0% | 28.1% | -$420M | — | $110M |
| 2024 | $5.3B | $760M | 0.0% | 27.6% | -$833M | — | $157M |
| 2023 | $5.3B | $714M | 0.0% | 24.2% | -$711M | — | $2.2B |
| 2022 | $5.7B | $804M | 0.0% | 22.1% | -$794M | — | $41M |
| 2021 | $4.7B | $585M | 0.0% | 21.3% | -$620M | — | $84M |
| 2020 | $4.5B | -$18M | 0.0% | 12.3% | -$654M | — | $117M |
| 2019 | $5.1B | $383M | 103.1% | 17.6% | -$219M | — | $139M |
| 2018 | $5.0B | -$51M | 102.5% | 2.5% | -$1.3B | — | $113M |
| 2017 | $4.7B | $129M | 103.1% | 19.5% | -$954M | — | $29M |
| 2016 | $4.4B | $332M | 102.3% | 19.7% | -$672M | — | $26M |
| 2015 | — | $287M | — | — | $96M | $7.0B | $16M |
| 2014 | — | $530M | — | — | $37M | $10.0B | $25M |
| 2013 | — | $532M | — | — | $232M | $8.9B | $27M |
| 2012 | — | $416M | — | — | -$223M | $8.1B | $36M |
| 2011 | — | $299M | — | — | -$253M | $8.0B | $12M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2.3B | $507M | 0.0% | 35.3% | -$363M | — | $72M |
| Dec '25 | $6.5B | $258M | 0.0% | 7.9% | -$134M | — | $110M |
| Sep '25 | $1.2B | $95M | 0.0% | 24.0% | -$173M | — | $95M |
| Jun '25 | $1.2B | $102M | 0.0% | 21.1% | -$163M | — | $335M |
| Mar '25 | $2.1B | $475M | 0.0% | 35.3% | $49M | — | $259M |
| Dec '24 | $1.5B | $224M | 0.0% | 27.1% | -$220M | — | $157M |
| Sep '24 | $1.0B | $86M | 0.0% | 20.9% | -$295M | — | $126M |
| Jun '24 | $1.1B | $86M | 0.0% | 22.5% | -$184M | — | $101M |
| Mar '24 | $1.6B | $365M | 0.0% | 35.5% | -$133M | — | $102M |
| Dec '23 | $1.4B | $237M | 0.0% | 26.2% | -$361M | — | $2.2B |
| Sep '23 | $1.0B | $85M | 0.0% | 23.2% | -$379M | — | $56M |
| Jun '23 | $1.1B | $59M | 0.0% | 15.8% | -$97M | — | $151M |
| Mar '23 | $1.9B | $333M | 0.0% | 28.0% | $126M | — | $106M |
| Dec '22 | $1.7B | $245M | 0.0% | 21.7% | -$307M | — | $41M |
| Sep '22 | $1.1B | $66M | 0.0% | 14.8% | -$477M | — | $36M |
| Jun '22 | $1.2B | $67M | 0.0% | 12.4% | -$140M | — | $78M |
| Mar '22 | $1.8B | $427M | 0.0% | 32.6% | $130M | — | $115M |
| Dec '21 | $1.4B | $166M | 0.0% | 21.0% | -$267M | — | $84M |
| Sep '21 | $919M | $63M | 0.0% | 16.0% | -$258M | — | $39M |
| Jun '21 | $952M | $60M | 0.0% | 14.9% | -$176M | — | $78M |
How the market has priced NI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, NiSource's revenue has grown 7.8% per year. These are computed facts, not advice.
As of FY2025, NiSource reported — of total debt against $110M of cash; operating income covered interest expense 2.9×.
In FY2025, gross margin was —, operating margin 28.1%, and net margin 14.3%.
As of Jun '26, NiSource traded at a price-to-earnings ratio of about 24.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.