SuperworthNiSource profit margin NI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 13.2%
- Operating margin, 12 months
- 27.0%
- Net margin on a year earlier
- −1.3 pts
- Peer median
- 12.5%
Over the twelve months to Jun 30, 2026, NiSource kept 13.2% of its revenue as net profit, with an operating margin of 27.0% and a gross margin of 77.7%.
Five years earlier its net margin was 5.8%.
The median for 7 gas utilities of a similar size is 12.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 14.0% | 27.6% | 76.1% |
| FY2024 | 13.9% | 26.7% | 79.2% |
| FY2023 | 13.0% | 23.5% | 72.1% |
| FY2022 | 13.7% | 21.6% | 63.9% |
| FY2021 | 11.9% | 20.6% | 71.6% |
| FY2020 | −0.4% | 11.8% | 76.3% |
| FY2019 | 7.6% | 17.6% | 80.7% |
| FY2018 | −1.0% | 2.5% | n/a |
| FY2017 | 2.7% | 19.5% | n/a |
| FY2016 | 7.4% | 19.1% | 69.1% |
| FY2015 | 6.2% | 17.2% | 64.7% |
| FY2014 | 10.1% | 15.0% | 74.5% |
| FY2013 | 9.4% | 20.2% | 67.9% |
| FY2012 | 8.3% | 20.7% | 69.9% |
| FY2011 | 5.0% | 14.9% | 57.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 13.2% | −1.3 pts | 27.0% | |
| Q1 FY26 | 14.1% | −0.6 pts | 27.8% | |
| Q4 FY25 | 14.0% | +0.1 pts | 27.6% | |
| Q3 FY25 | 14.2% | −0.5 pts | 27.4% | |
| Q2 FY25 | 14.5% | −0.3 pts | 27.0% | |
| Q1 FY25 | 14.7% | +0.4 pts | 27.5% | |
| Q4 FY24 | 13.9% | +1.0 pts | 26.7% | |
| Q3 FY24 | 14.6% | +2.2 pts | 26.5% | |
| Q2 FY24 | 14.8% | +2.8 pts | 27.0% | |
| Q1 FY24 | 14.2% | +2.3 pts | 25.7% | |
| Q4 FY23 | 13.0% | −0.8 pts | 23.5% | |
| Q3 FY23 | 12.5% | −0.6 pts | 22.4% |
Against its peers
Companies in Regulated Gas nearest NiSource's size, closest first, today.
| Company | Profit margin |
|---|---|
| NINiSource | 13.2% |
| ATOAtmos Energy | n/m |
| NFGNational Fuel Gas | n/m |
| NJRNew Jersey Resources | 16.4% |
| SRSpire | 21.6% |
| OGSONE Gas | 12.5% |
| MDUMDU Resources | 10.7% |
| NWNNorthwest Natural | 9.7% |
| Peer median | 12.5% |
Where NiSource ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on NiSource
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.