Nisource annual operating margin
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2025
Nisource Operating Margin Growth & History (NI)
Nisource's operating margin was 28.14% for fiscal 2025.
View full Nisource company overviewNisource annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 28.14% | +0.59 pp |
| 2024 | 2024-12-31 | 27.55% | +3.33 pp |
| 2023 | 2023-12-31 | 24.22% | +2.17 pp |
| 2022 | 2022-12-31 | 22.06% | +0.78 pp |
| 2021 | 2021-12-31 | 21.28% | +8.97 pp |
| 2020 | 2020-12-31 | 12.31% | −5.31 pp |
| 2019 | 2019-12-31 | 17.63% | +15.13 pp |
| 2018 | 2018-12-31 | 2.50% | −16.98 pp |
| 2017 | 2017-12-31 | 19.47% | −0.24 pp |
| 2016 | 2016-12-31 | 19.72% | +2.52 pp |
| 2015 | 2015-12-31 | 17.20% | +2.23 pp |
| 2014 | 2014-12-31 | 14.97% | −0.13 pp |
| 2013 | 2013-12-31 | 15.09% | −5.58 pp |
| 2012 | 2012-12-31 | 20.67% | +4.77 pp |
| 2011 | 2011-12-31 | 15.90% | +1.90 pp |
| 2010 | 2010-12-31 | 14.00% | +1.97 pp |
| 2009 | 2009-12-31 | 12.03% | +1.68 pp |
| 2008 | 2008-12-31 | 10.35% | — |
Nisource quarterly operating margin
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Q2.24
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Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 17.69% | −3.40 pp |
| Q1 2026 | 2026-03-31 | 35.28% | −0.05 pp |
| Q4 2025 | 2025-12-31 | 27.32% | +0.25 pp |
| Q3 2025 | 2025-09-30 | 23.99% | +3.12 pp |
| Q2 2025 | 2025-06-30 | 21.09% | −1.39 pp |
| Q1 2025 | 2025-03-31 | 35.33% | −0.18 pp |
| Q4 2024 | 2024-12-31 | 27.07% | +0.83 pp |
| Q3 2024 | 2024-09-30 | 20.87% | −2.37 pp |
| Q2 2024 | 2024-06-30 | 22.48% | +6.66 pp |
| Q1 2024 | 2024-03-31 | 35.51% | +7.50 pp |
| Q4 2023 | 2023-12-31 | 26.24% | +4.53 pp |
| Q3 2023 | 2023-09-30 | 23.24% | +8.43 pp |
| Q2 2023 | 2023-06-30 | 15.83% | +3.44 pp |
| Q1 2023 | 2023-03-31 | 28.00% | −4.61 pp |
| Q4 2022 | 2022-12-31 | 21.71% | +0.70 pp |
| Q3 2022 | 2022-09-30 | 14.81% | −1.20 pp |
| Q2 2022 | 2022-06-30 | 12.39% | −2.54 pp |
| Q1 2022 | 2022-03-31 | 32.62% | +3.86 pp |
| Q4 2021 | 2021-12-31 | 21.01% | +2.10 pp |
| Q3 2021 | 2021-09-30 | 16.01% | +5.24 pp |
| Q2 2021 | 2021-06-30 | 14.93% | +5.10 pp |
| Q1 2021 | 2021-03-31 | 28.76% | +19.04 pp |
| Q4 2020 | 2020-12-31 | 18.91% | +21.71 pp |
| Q3 2020 | 2020-09-30 | 10.77% | +0.56 pp |
| Q2 2020 | 2020-06-30 | 9.83% | −37.99 pp |
| Q1 2020 | 2020-03-31 | 9.71% | −10.69 pp |
| Q4 2019 | 2019-12-31 | −2.80% | +2.66 pp |
| Q3 2019 | 2019-09-30 | 10.21% | +47.13 pp |
| Q2 2019 | 2019-06-30 | 47.82% | +35.77 pp |
| Q1 2019 | 2019-03-31 | 20.40% | −2.93 pp |
| Q4 2018 | 2018-12-31 | −5.46% | −26.98 pp |
| Q3 2018 | 2018-09-30 | −36.91% | −49.50 pp |
| Q2 2018 | 2018-06-30 | 12.06% | −0.46 pp |
| Q1 2018 | 2018-03-31 | 23.33% | −2.66 pp |
| Q4 2017 | 2017-12-31 | 21.52% | +2.07 pp |
| Q3 2017 | 2017-09-30 | 12.59% | −0.61 pp |
| Q2 2017 | 2017-06-30 | 12.52% | −2.88 pp |
| Q1 2017 | 2017-03-31 | 25.99% | −0.56 pp |
| Q4 2016 | 2016-12-31 | 19.45% | −0.55 pp |
| Q3 2016 | 2016-09-30 | 13.20% | −0.22 pp |
| Q2 2016 | 2016-06-30 | 15.40% | +5.86 pp |
| Q1 2016 | 2016-03-31 | 26.55% | +5.69 pp |
| Q4 2015 | 2015-12-31 | 19.99% | +24.53 pp |
| Q3 2015 | 2015-09-30 | 13.42% | +4.94 pp |
| Q2 2015 | 2015-06-30 | 9.54% | −6.91 pp |
| Q1 2015 | 2015-03-31 | 20.86% | −2.14 pp |
| Q4 2014 | 2014-12-31 | −4.53% | +13.38 pp |
| Q3 2014 | 2014-09-30 | 8.48% | −7.90 pp |
| Q2 2014 | 2014-06-30 | 16.45% | +0.30 pp |
| Q1 2014 | 2014-03-31 | 23.00% | −1.07 pp |
| Q4 2013 | 2013-12-31 | −17.91% | −39.97 pp |
| Q3 2013 | 2013-09-30 | 16.38% | +2.63 pp |
| Q2 2013 | 2013-06-30 | 16.15% | −3.59 pp |
| Q1 2013 | 2013-03-31 | 24.07% | −0.05 pp |
| Q4 2012 | 2012-12-31 | 22.05% | +6.09 pp |
| Q3 2012 | 2012-09-30 | 13.75% | −0.04 pp |
| Q2 2012 | 2012-06-30 | 19.73% | +6.26 pp |
| Q1 2012 | 2012-03-31 | 24.12% | +5.91 pp |
| Q4 2011 | 2011-12-31 | 15.96% | +2.70 pp |
| Q3 2011 | 2011-09-30 | 13.79% | +2.96 pp |
| Q2 2011 | 2011-06-30 | 13.47% | +1.59 pp |
| Q1 2011 | 2011-03-31 | 18.21% | +1.11 pp |
| Q4 2010 | 2010-12-31 | 13.26% | +3.66 pp |
| Q3 2010 | 2010-09-30 | 10.83% | +2.03 pp |
| Q2 2010 | 2010-06-30 | 11.89% | — |
| Q1 2010 | 2010-03-31 | 17.10% | — |
| Q3 2009 | 2009-09-30 | 9.60% | — |
| Q2 2009 | 2009-06-30 | 8.80% | — |
Nisource operating margin trends
Over the last five reported fiscal years, Nisource's operating margin increased from 12.31% to 28.14%, a change of +15.82 percentage points. The latest reported quarter, Q2 2026, shows 17.69%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Nisource filings at SEC.gov ↗