For the latest period, NiSource has a gross margin of 77.7%, an operating margin of 27%, an EBITDA margin of 45.1%, and a net margin of 13.2%. The biggest positive change was in gross margin, increasing 1.4 percentage points. The biggest negative change was in net margin, decreasing 1.3 percentage points.
NI margin history
NiSource's margins averaged 77.03% gross, 26.7% operating, 44.55% EBITDA, and 14.11% net during the last 3 years. Against the three-year averages, gross, operating, and EBITDA margins are above their three-year averages and net margin is below its three-year average.
NI margin expansion
Compared with the same period last year, gross margin expanded by 1.4 percentage points and EBITDA margin by 0.8 percentage points, while net margin contracted by 1.3 percentage points.
NI Gross margin
Looking back over the last 3 years, NiSource recorded an average gross margin of 77.03%. NiSource's current gross margin is 77.7% and is 0.7 percentage points above its three-year average. The highest gross margin for NiSource was 79.4% in Sep 2024, while the lowest was 72.1% in Dec 2023.
NI Operating margin
The average operating margin for NiSource was 26.7% over the last 3 years. Against its three-year average, NiSource's operating margin is currently 27%, 0.3 percentage points above its three-year average. The operating margin for NiSource moved between 23.5% in Dec 2023 and 27.8% in Mar 2026.
NI EBITDA margin
Reviewing the last 3 years, NiSource recorded an average EBITDA margin of 44.55%. The latest EBITDA margin for NiSource is 45.1%, 0.6 percentage points above its three-year average. The highest EBITDA margin for NiSource was 46.6% in Sep 2024, while the lowest was 40.9% in Dec 2023.
NI Net margin
Over the last 3 years, NiSource recorded an average net margin of 14.11%. NiSource's current net margin is 13.2% and is 0.9 percentage points below its three-year average. The highest net margin for NiSource was 14.8% in Jun 2024, while the lowest was 13% in Dec 2023.
NI margin group comparison
With a gross margin of 77.7%, NI ranks higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 42.8%, NiSource's gross margin is 82% higher.
NI margin peer comparison
Frequently asked questions
What is NiSource's gross margin?
As of Jun 30, 2026, NI has a gross margin of 77.7%.
What is NiSource's operating margin?
For the period ending Jun 30, 2026, NI recorded an operating margin of 27%.
What is NiSource's EBITDA margin?
For the period ending Jun 30, 2026, NI recorded an EBITDA margin of 45.1%.
What is NiSource's net margin?
The current net margin for NI is 13.2% as of Jun 30, 2026.
What are the average margins of NI?
Across the last 3 years, NI averaged 77.0% gross, 26.7% operating, 44.6% EBITDA, and 14.1% net.
What are the highest historical margins of NI?
Looking back across 5 years, NI reached 79.4% gross in Sep 2024, 27.8% operating in Mar 2026, 46.6% EBITDA in Sep 2024, and 14.8% net in Jun 2024.
What are the lowest historical margins of NI?
Over this 5-year history, NiSource's margins fell as low as 63.5% gross in Mar 2023, 20.1% operating in Mar 2023, 35.1% EBITDA in Mar 2023, and 11.9% net in Dec 2021.