NISOURCE INC.
NI Utilities · UtilitiesEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▼−43 over range · as of 2026-06-30
Revenue +3.4% YoY, earnings -55.5% YoY · sector avg 73
▼−15 over range · as of 2026-06-30
3.5% net margin, 8% return on equity, -10% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 51
▲+9 over range · as of 2026-06-30
Net debt 5.5x EBITDA, 1x interest coverage, 0.5x current ratio · sector avg 65
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $1.3B −44.5% Gross margin 85.0% +13.8pp Operating margin 17.7% −17.6pp CHARTED Net margin 3.5% −18.3pp Net income $45.5M −91.0%Filings
23-09 → 26-06 · following the period bar 12 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | no filing | no filing | 10-Q Q3 2023 | 10-K FY 2023 |
All 12 filings
10-K FY 2024 2025-02-12 Pro → 10-Q Q3 2024 2024-10-30 Pro → 10-Q Q2 2024 2024-08-07 Pro → 10-Q Q1 2024 2024-05-08 Pro → 10-K FY 2023 2024-02-21 Pro → 10-Q Q3 2023 2023-11-01 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 23-09 | 2023-09-30 | $1.0B |
| 23-12 | 2023-12-31 | $1.4B |
| 24-03 | 2024-03-31 | $1.7B |
| 24-06 | 2024-06-30 | $1.1B |
| 24-09 | 2024-09-30 | $1.1B |
| 24-12 | 2024-12-31 | $5.3B |
| 25-03 | 2025-03-31 | $2.1B |
| 25-06 | 2025-06-30 | $1.2B |
| 25-09 | 2025-09-30 | $1.2B |
| 25-12 | 2025-12-31 | $6.5B |
| 26-03 | 2026-03-31 | $2.3B |
| 26-06 | 2026-06-30 | $1.3B |
| Period | Period end | Net income |
|---|---|---|
| 23-09 | 2023-09-30 | $85.1M |
| 23-12 | 2023-12-31 | $237.4M |
| 24-03 | 2024-03-31 | $365.0M |
| 24-06 | 2024-06-30 | $85.8M |
| 24-09 | 2024-09-30 | $85.7M |
| 24-12 | 2024-12-31 | $223.9M |
| 25-03 | 2025-03-31 | $474.8M |
| 25-06 | 2025-06-30 | $102.2M |
| 25-09 | 2025-09-30 | $94.7M |
| 25-12 | 2025-12-31 | $257.8M |
| 26-03 | 2026-03-31 | $507.1M |
| 26-06 | 2026-06-30 | $45.5M |
| Period | Period end | Operating income |
|---|---|---|
| 23-09 | 2023-09-30 | $233.0M |
| 23-12 | 2023-12-31 | $362.6M |
| 24-03 | 2024-03-31 | $583.4M |
| 24-06 | 2024-06-30 | $237.0M |
| 24-09 | 2024-09-30 | $218.3M |
| 24-12 | 2024-12-31 | $416.8M |
| 25-03 | 2025-03-31 | $759.4M |
| 25-06 | 2025-06-30 | $262.9M |
| 25-09 | 2025-09-30 | $297.5M |
| 25-12 | 2025-12-31 | $515.5M |
| 26-03 | 2026-03-31 | $819.2M |
| 26-06 | 2026-06-30 | $228.1M |
| Period | Period end | Operating margin |
|---|---|---|
| 23-09 | 2023-09-30 | 22.7% |
| 23-12 | 2023-12-31 | 26.2% |
| 24-03 | 2024-03-31 | 34.2% |
| 24-06 | 2024-06-30 | 21.8% |
| 24-09 | 2024-09-30 | 20.3% |
| 24-12 | 2024-12-31 | 7.9% |
| 25-03 | 2025-03-31 | 35.3% |
| 25-06 | 2025-06-30 | 21.1% |
| 25-09 | 2025-09-30 | 24.0% |
| 25-12 | 2025-12-31 | 7.9% |
| 26-03 | 2026-03-31 | 35.3% |
| 26-06 | 2026-06-30 | 17.7% |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 23-09 | 2023-09-30 | 64 | 47 | 14 |
| 23-12 | 2023-12-31 | 27 | 50 | 69 |
| 24-03 | 2024-03-31 | 39 | 46 | 53 |
| 24-06 | 2024-06-30 | 47 | 30 | 44 |
| 24-09 | 2024-09-30 | 46 | 26 | 21 |
| 24-12 | 2024-12-31 | 67 | 33 | 53 |
| 25-03 | 2025-03-31 | 81 | 54 | 55 |
| 25-06 | 2025-06-30 | 71 | 39 | 35 |
| 25-09 | 2025-09-30 | 66 | 33 | 22 |
| 25-12 | 2025-12-31 | 77 | 35 | 57 |
| 26-03 | 2026-03-31 | 36 | 53 | 55 |
| 26-06 | 2026-06-30 | 21 | 32 | 23 |