Nisource revenue and financials
$39.55Change from previous close: +0.30%Absolute change: +$0.12
In the fiscal year ended December 2025, Nisource reported revenue of $6.52B (+23.47% year over year). Net income was $929.5M, a net margin of 14.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +23.47%
- 2025 vs 2024
- Net income growth
- +22.24%
- 2025 vs 2024
- Net margin
- 14.3%
- 2024: 14.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 6,523 | 5,283 | 5,348 | 5,739 | 4,731 | 4,473 | 5,053 | 4,991 | 4,875 | 4,493 |
| Cost of revenue | 3,295 | 2,647 | 3,028 | 3,600 | — | — | 1,535 | 1,761 | 1,519 | 1,390 |
| Gross profit | 3,348 | 2,808 | 2,477 | 2,251 | — | — | 5,209 | 5,115 | 4,875 | 4,493 |
| Selling, general and administrative | — | 13.5 | 24.0 | -27.6 | -35.5 | — | — | — | — | — |
| Operating income | 1,835 | 1,456 | 1,296 | 1,266 | 1,007 | 551 | 891 | 125 | 921 | 866 |
| EBIT | 1,823 | 1,451 | 1,274 | 1,189 | 1,050 | — | — | — | — | — |
| EBITDA | 2,888 | 2,391 | 2,093 | 1,946 | 1,739 | — | — | — | — | — |
| Interest expense | 662 | 523 | 490 | 362 | 341 | 371 | 379 | 353 | 353 | 350 |
| Pre-tax income | 1,216 | 1,003 | 814 | 956 | 707 | — | — | — | — | — |
| Income tax | 204 | 158 | 140 | 165 | 118 | -17.1 | 124 | -180 | 315 | 182 |
| Net income | 930 | 760 | 714 | 804 | 585 | -17.6 | 383 | -50.6 | 129 | 332 |
| Net income to common shareholders | 927 | 738 | 661 | 749 | 530 | — | — | — | — | — |
| Basic EPS | 1.96 | 1.63 | 1.59 | 1.84 | 1.35 | -0.19 | 0.88 | -0.18 | 0.39 | 1.03 |
| Diluted EPS | 1.95 | 1.62 | 1.48 | 1.70 | 1.27 | -0.19 | 0.87 | -0.18 | 0.39 | 1.02 |
| Average shares (basic) | 473 | 454 | 416 | 407 | 394 | — | — | — | — | — |
| Average shares (diluted) | 475 | 456 | 448 | 443 | 417 | 384 | 376 | 356 | 331 | 324 |
| Dividend per share | 1.14 | 1.08 | 1.02 | 0.96 | 0.90 | — | — | — | — | — |