NiSource Inc. (NI) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
NiSource is one of the nation's largest natural gas distribution companies with 2.4 million customers in Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource also serves 1.4 million gas a...
NiSource Inc.'s revenue increased 23.5% year over year, from $5.28B to $6.52B.
Net income increased 22.2% over the same period, from $760.4M to $929.5M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 45% in total.
Total debt increased by 27.7% to $16.19B.
The debt-to-equity ratio stands at 1.71, indicating a elevated leverage profile.
Operating cash flow grew 32.6% to $2.36B.
NiSource Inc. maintains a healthy net profit margin of 14.3%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.05B-0.8% | $85.7M | $218.3M | $340.0M | $30.83B | $12.34B | $8.35B |
| Q4 FY2024 | $1.54B+47.2% | $223.9M | $416.8M | $539.8M | $31.79B | $12.68B | $8.68B |
| Q1 FY2025 | $2.15B+39.6% | $474.8M | $759.4M | $686.4M | $33.11B | $13.60B | $8.90B |
| Q2 FY2025 | $1.25B-42.0% | $102.2M | $262.9M | $495.4M | $34.03B | $14.47B | $8.88B |
| Q3 FY2025 | $1.24B-0.5% | $94.7M | $297.5M | $467.9M | $34.40B | $15.73B | $9.12B |
| Q4 FY2025 | $1.89B+52.1% | $257.8M | $515.5M | $712.6M | $35.86B | $16.19B | $9.45B |
| Q1 FY2026 | $2.32B+23.1% | $507.1M | $819.2M | $442.3M | N/A | N/A | N/A |
| Q2 FY2026 | $1.29B-44.5% | $45.5M | $228.1M | $680.4M | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
NiSource Inc. (NI) Financial Statements & Revenue History
NiSource Inc. (NI) is a US-listed stock operating in the Utilities sector, specifically the Electric & Other Services Combined industry trading at $42.72 with a market capitalization of $20. This page provides 42 historical financial statements for NiSource Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, NiSource Inc. reported revenue of $6.5 billion, representing 23.5% year-over-year growth. The net profit margin of 14.3% indicates moderate profitability. The debt-to-equity ratio of 1.71 indicates elevated leverage.
NI Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows NiSource Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether NI is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track NI's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently NiSource Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of NI's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use NI Financial Data
Investors use NiSource Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare NI's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how NI's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View NI's financial health score, earnings, and pre-market pricing.
Financial data is sourced from NiSource Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.NI trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.