SequelSEC

NISOURCE INC. NI

Electric & Other Services Combined · CIK 0001111711 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$6.52B
Fiscal year ended 2025-12-31
Operating income
$1.84B
Fiscal year ended 2025-12-31
Free cash flow
-$420.00M
Fiscal year ended 2025-12-31

NISOURCE INC. (NI) reported revenue of $6.52B and net income of $929.50M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NISOURCE INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electric & Other Services Combined.

Income

NISOURCE INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$6.52B$5.28B$5.35B$5.74B$4.73B$4.47B$5.05B$4.99B$4.73B$4.39B
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$1.84B$1.46B$1.30B$1.27B$1.01B$550.80M$890.70M$124.70M$921.20M$866.10M
Net income$929.50M$760.40M$714.30M$804.10M$584.90M-$17.60M$383.10M-$50.60M$128.50M$331.50M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 474.50Mshares 456.00Mshares 447.90Mshares 442.70Mshares 417.30Mshares 384.30Mshares 376.00Mshares 356.49Mshares 330.76Mshares 323.52M
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expense$203.80M$158.10M$139.50M$164.60M$117.80M-$17.10M$123.50M-$180.00M$314.50M$182.10M
Diluted EPS$1.95$1.62$1.48$1.70$1.27$-0.19$0.87$-0.18$0.39$1.02
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

NISOURCE INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$110.10M$156.60M$2.25B$40.80M$84.20M$116.50M$139.30M$112.80M$29.00M$26.40M
Total assets$35.86B$31.79B$31.08B$26.74B$24.16B$22.04B$22.66B$21.80B$19.96B$18.69B
Current assets$2.38B$2.08B$4.50B$2.58B$1.92B$1.66B$1.85B$2.06B$1.76B$1.76B
Total liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current liabilities$3.46B$4.11B$5.27B$4.66B$2.75B$2.28B$3.75B$4.04B$3.18B$3.45B
Total equity incl. NCI$11.66B$10.67B$10.14B$7.90B$7.27B$5.84B$5.99B$5.75B$4.32B$4.07B
Temporary (mezzanine) equityUnavailable$1.36B$1.36BUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$1.20B$964.20M$862.00M$1.04B$825.60M$791.30M$856.90M$1.06B$898.90M$847.00M
Goodwill$1.49B$1.49B$1.49B$1.49B$1.49B$1.49B$1.49B$1.69B$1.69B$1.69B
Long-term debt$15.46B$12.07B$11.06B$9.52B$9.18B$9.22B$7.86B$7.11B$7.51B$6.06B
Accounts payable$1.12B$863.10M$749.40M$899.50M$697.80M$589.00M$666.00M$883.80M$625.60M$539.40M

Cash flow

NISOURCE INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$2.36B$1.78B$1.94B$1.41B$1.22B$1.10B$1.58B$540.10M$742.20M$803.30M
Capital expenditures$2.78B$2.61B$2.65B$2.20B$1.84B$1.76B$1.80B$1.82B$1.70B$1.48B
Investing cash flow-$4.52B-$3.21B-$3.57B-$2.57B-$2.20B-$879.10M-$1.92B-$1.93B-$1.81B-$1.60B
Financing cash flow$2.10B-$651.00M$3.84B$1.14B$956.30M-$247.70M$366.40M$1.47B$1.07B$790.50M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$50.90M$43.60M$33.50M$24.90M$24.30M$17.40M$25.90M$28.60M$40.10M$46.50M
Common dividends paid$530.40M$481.00M$413.50M$381.50M$345.20M$321.60M$298.50M$273.30M$229.10M$205.50M
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailable$0$0$4.00M$7.20M$9.40M
Depreciation & amortization$1.17B$1.04B$908.20M$820.80M$748.40M$725.90M$717.40M$599.60M$570.30M$547.10M

Derived

NISOURCE INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flow-$420.00M-$832.50M-$710.70M-$793.70M-$620.10M-$654.10M-$219.10M-$1.28B-$953.60M-$671.90M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable103.1%102.3%
Operating margin28.1%27.6%24.2%22.1%21.3%12.3%17.6%2.5%19.5%19.7%
FCF margin-6.4%-15.8%-13.3%-13.8%-13.1%-14.6%-4.3%-25.6%-20.2%-15.3%
SBC / revenue0.8%0.8%0.6%0.4%0.5%0.4%0.5%0.6%0.8%1.1%
Current ratio0.69x0.51x0.85x0.55x0.70x0.73x0.49x0.51x0.55x0.51x
Revenue YoY growth23.5%-1.2%-6.8%21.3%5.8%-11.5%1.2%5.5%7.7%Unavailable
Net margin14.3%14.4%13.4%14.0%12.4%-0.4%7.6%-1.0%Unavailable7.5%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue42.7%49.5%49.5%38.4%38.8%39.3%35.7%36.4%35.9%33.6%
Long-term debt / equity1.33xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-11View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing

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Reconciliation checks needing review

4 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2019-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2018-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2017-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2016-12-31

Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.