NiSource Inc. (NI) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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NI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 58.6% | 27.6% | 14.0% |
| 2024 | 51.5% | 26.7% | 13.9% |
| 2023 | 45.0% | 23.5% | 13.0% |
| 2022 | 38.5% | 21.6% | 13.7% |
| 2021 | 41.9% | 20.6% | 11.9% |
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NiSource Inc. (NI) Earnings Overview
As of May 8, 2026, NiSource Inc. (NI) reported trailing twelve-month net income of $962M, reflecting +20.4% year-over-year growth. The company earned $2.00 per diluted share over the past four quarters, with a net profit margin of 14.0%.
Looking at the long-term picture, NI's historical earnings data spans multiple years. The company achieved its highest annual net income of $930M in fiscal 2025, representing a new all-time high.
NiSource Inc. maintains positive profitability with a gross margin of 58.6%, operating margin of 27.6%, and net margin of 14.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ATO ($1.35B net income, 25.5% margin), SR ($358M net income, 11.0% margin), NWN ($123M net income, 8.8% margin), NI has room to improve margins relative to the peer group. Compare NI vs ATO →
NI Earnings vs Peers
Earnings metrics vs comparable public companies
NI Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $930M | +22.2% | $1.84B | $1.95 | 14.0% | 27.6% |
| 2024 | $760M | +6.5% | $1.46B | $1.62 | 13.9% | 26.7% |
| 2023 | $714M | -11.2% | $1.30B | $1.48 | 13.0% | 23.5% |
| 2022 | $804M | +37.5% | $1.27B | $1.70 | 13.7% | 21.6% |
| 2021 | $585M | +3423.3% | $1.01B | $1.27 | 11.9% | 20.6% |
| 2020 | -$18M | -104.6% | $551M | $-0.19 | -0.4% | 11.8% |
| 2019 | $383M | +857.1% | $891M | $0.87 | 7.4% | 17.1% |
| 2018 | -$51M | -139.4% | $125M | $-0.18 | -1.0% | 2.4% |
| 2017 | $129M | -61.2% | $921M | $0.39 | 2.6% | 18.9% |
| 2016 | $332M | +15.7% | $866M | $1.02 | 7.4% | 19.3% |
Full NI Stock Analysis
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Start ComparisonNI — Frequently Asked Questions
Quick answers to the most common questions about buying NI stock.
Is NI growing earnings?
NI EPS is $2.00, with earnings growth accelerating to +20.4%. This exceeds the 5-year CAGR of N/A. TTM net income reached $962M.
What are NI's profit margins?
NiSource Inc. net margin is +14.0%, with operating margin at +27.6%. Margins sit within typical range for the sector.
How consistent are NI's earnings?
NI earnings data spans 1994-2025. The accelerating earnings trend is +20.4% YoY. Historical data enables comparison across business cycles.