Stocktoria
NISOURCE INC. NI
NISOURCE INC. statistics & valuation
Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($32.70); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
NISOURCE INC. trades at about 21.5× earnings — near its 10-year norm (10-year range 10.2×–63.3×, median 23×).
Shaded band = 10-year range (10.2×–63.3×); dot = today's 21.5×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | 100.0% | 100.0% |
| Operating margin | 28.1% | 27.6% | 24.2% | 22.1% | 21.3% | 12.3% | 17.6% | 2.5% | 18.9% | 19.3% |
| Net margin | 14.3% | 14.4% | 13.4% | 14.0% | 12.4% | -0.4% | 7.6% | -1.0% | 2.6% | 7.4% |
| FCF margin | -6.4% | -15.8% | -13.3% | -13.8% | -13.1% | -14.6% | -4.3% | -25.6% | -19.6% | -14.9% |
| Return on assets | 2.6% | 2.4% | 2.3% | 3.0% | 2.4% | -0.1% | 1.7% | -0.2% | 0.6% | 1.8% |
| Return on equity | 8.0% | 7.1% | 7.0% | 10.2% | 8.0% | -0.3% | 6.4% | -0.9% | 3.0% | 8.1% |
| Current ratio | 0.69 | 0.51 | 0.85 | 0.55 | 0.70 | 0.73 | 0.49 | 0.51 | 0.55 | 0.51 |
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.