NI
NISOURCE INC.
NI Utilities · Utilities
Latest period 2026-06-30 · 38 filings on record
SHOWING
Trailing twelve months — each point sums the four quarters ending there.
Ranked against Utilities · 35 peers
Each 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.
Growth
21st pct
▼−43 over range · as of 2026-06-30
Revenue +3.4% YoY, earnings -55.5% YoY · sector avg 73
Quality
32nd pct
▼−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
Safety
23rd pct
▲+9 over range · as of 2026-06-30
Net debt 5.5x EBITDA, 1x interest coverage, 0.5x current ratio · sector avg 65
OVERVIEWvs prior TTM Δ
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $11.4B +0.4% Gross margin 86.5% +0.7pp Operating margin 16.4% −0.4pp Net margin 8.0% −0.5pp CHARTED Net income $905.1M −5.9%
Debt / equity
1.46
+4.1%
EPS (diluted)
—
—
EBITDA
$3.1B
+1.3%
Filings
TTM 21-09 → TTM 26-06 · following the period bar 23 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 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | no filing | no filing | no filing | 10-K FY 2020 |
All 23 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 → 10-Q Q2 2023 2023-08-02 Pro → 10-Q Q1 2023 2023-05-03 Pro → 10-K FY 2022 2023-02-22 Pro → 10-Q Q3 2022 2022-11-07 Pro → 10-Q Q2 2022 2022-08-03 Pro → 10-Q Q1 2022 2022-05-04 Pro → 10-K FY 2021 2022-02-23 Pro → 10-Q Q3 2021 2021-11-03 Pro → 10-Q Q2 2021 2021-08-04 Pro → 10-Q Q1 2021 2021-05-05 Pro → 10-K FY 2020 2021-02-17 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
Trailing twelve months, rolling one quarter at a time
Revenue
| Period | Period end | Revenue |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $4.6B |
| TTM 21-12 | 2021-12-31 | $4.8B |
| TTM 22-03 | 2022-03-31 | $5.2B |
| TTM 22-06 | 2022-06-30 | $5.4B |
| TTM 22-09 | 2022-09-30 | $5.5B |
| TTM 22-12 | 2022-12-31 | $5.8B |
| TTM 23-03 | 2023-03-31 | $5.9B |
| TTM 23-06 | 2023-06-30 | $5.8B |
| TTM 23-09 | 2023-09-30 | $5.8B |
| TTM 23-12 | 2023-12-31 | $5.5B |
| TTM 24-03 | 2024-03-31 | $5.2B |
| TTM 24-06 | 2024-06-30 | $5.2B |
| TTM 24-09 | 2024-09-30 | $5.2B |
| TTM 24-12 | 2024-12-31 | $9.2B |
| TTM 25-03 | 2025-03-31 | $9.6B |
| TTM 25-06 | 2025-06-30 | $9.8B |
| TTM 25-09 | 2025-09-30 | $9.9B |
| TTM 25-12 | 2025-12-31 | $11.2B |
| TTM 26-03 | 2026-03-31 | $11.3B |
| TTM 26-06 | 2026-06-30 | $11.4B |
Net income
| Period | Period end | Net income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $503.4M |
| TTM 21-12 | 2021-12-31 | $584.9M |
| TTM 22-03 | 2022-03-31 | $716.2M |
| TTM 22-06 | 2022-06-30 | $722.9M |
| TTM 22-09 | 2022-09-30 | $725.5M |
| TTM 22-12 | 2022-12-31 | $804.1M |
| TTM 23-03 | 2023-03-31 | $710.3M |
| TTM 23-06 | 2023-06-30 | $702.1M |
| TTM 23-09 | 2023-09-30 | $721.4M |
| TTM 23-12 | 2023-12-31 | $714.3M |
| TTM 24-03 | 2024-03-31 | $746.3M |
| TTM 24-06 | 2024-06-30 | $773.3M |
| TTM 24-09 | 2024-09-30 | $773.9M |
| TTM 24-12 | 2024-12-31 | $760.4M |
| TTM 25-03 | 2025-03-31 | $870.2M |
| TTM 25-06 | 2025-06-30 | $886.6M |
| TTM 25-09 | 2025-09-30 | $895.6M |
| TTM 25-12 | 2025-12-31 | $929.5M |
| TTM 26-03 | 2026-03-31 | $961.8M |
| TTM 26-06 | 2026-06-30 | $905.1M |
Operating income
| Period | Period end | Operating income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $940.6M |
| TTM 21-12 | 2021-12-31 | $1.0B |
| TTM 22-03 | 2022-03-31 | $1.2B |
| TTM 22-06 | 2022-06-30 | $1.2B |
| TTM 22-09 | 2022-09-30 | $1.2B |
| TTM 22-12 | 2022-12-31 | $1.3B |
| TTM 23-03 | 2023-03-31 | $1.2B |
| TTM 23-06 | 2023-06-30 | $1.2B |
| TTM 23-09 | 2023-09-30 | $1.3B |
| TTM 23-12 | 2023-12-31 | $1.3B |
| TTM 24-03 | 2024-03-31 | $1.3B |
| TTM 24-06 | 2024-06-30 | $1.4B |
| TTM 24-09 | 2024-09-30 | $1.4B |
| TTM 24-12 | 2024-12-31 | $1.5B |
| TTM 25-03 | 2025-03-31 | $1.6B |
| TTM 25-06 | 2025-06-30 | $1.7B |
| TTM 25-09 | 2025-09-30 | $1.7B |
| TTM 25-12 | 2025-12-31 | $1.8B |
| TTM 26-03 | 2026-03-31 | $1.9B |
| TTM 26-06 | 2026-06-30 | $1.9B |
Net margin
| Period | Period end | Net margin |
|---|---|---|
| TTM 21-09 | 2021-09-30 | 10.8% |
| TTM 21-12 | 2021-12-31 | 12.1% |
| TTM 22-03 | 2022-03-31 | 13.8% |
| TTM 22-06 | 2022-06-30 | 13.5% |
| TTM 22-09 | 2022-09-30 | 13.2% |
| TTM 22-12 | 2022-12-31 | 13.8% |
| TTM 23-03 | 2023-03-31 | 12.0% |
| TTM 23-06 | 2023-06-30 | 12.0% |
| TTM 23-09 | 2023-09-30 | 12.5% |
| TTM 23-12 | 2023-12-31 | 13.1% |
| TTM 24-03 | 2024-03-31 | 14.3% |
| TTM 24-06 | 2024-06-30 | 14.9% |
| TTM 24-09 | 2024-09-30 | 14.7% |
| TTM 24-12 | 2024-12-31 | 8.3% |
| TTM 25-03 | 2025-03-31 | 9.1% |
| TTM 25-06 | 2025-06-30 | 9.1% |
| TTM 25-09 | 2025-09-30 | 9.0% |
| TTM 25-12 | 2025-12-31 | 8.3% |
| TTM 26-03 | 2026-03-31 | 8.5% |
| TTM 26-06 | 2026-06-30 | 8.0% |
ZOOM
TTM 10-12
TTM 26-06
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.
Growth
21
Quality
32
Safety
23
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 64 | 47 | 14 |
| TTM 23-12 | 2023-12-31 | 27 | 50 | 69 |
| TTM 24-03 | 2024-03-31 | 39 | 46 | 53 |
| TTM 24-06 | 2024-06-30 | 47 | 30 | 44 |
| TTM 24-09 | 2024-09-30 | 46 | 26 | 21 |
| TTM 24-12 | 2024-12-31 | 67 | 33 | 53 |
| TTM 25-03 | 2025-03-31 | 81 | 54 | 55 |
| TTM 25-06 | 2025-06-30 | 71 | 39 | 35 |
| TTM 25-09 | 2025-09-30 | 66 | 33 | 22 |
| TTM 25-12 | 2025-12-31 | 77 | 35 | 57 |
| TTM 26-03 | 2026-03-31 | 36 | 53 | 55 |
| TTM 26-06 | 2026-06-30 | 21 | 32 | 23 |