TTM
55.9%
YoY change
+7.10pp
Trough year (2018)
19.6%
Peak year (1997)
70.2%
Latest annual
58.6%
Gross Margin history chart for NiSource (NI) from 1994 to 2025
Latest: 58.6%
Gross Margin change chart for NiSource (NI) from 1994 to 2025
Latest: +7.10pp
Gross Margin history table for NiSource (NI) from 1994 to 2025
| 2025 | 58.6% | +7.10pp | ||
| 2024 | 51.5% | +6.47pp | ||
| 2023 | 45.0% | +6.53pp | ||
| 2022 | 38.5% | -3.40pp | ||
| 2021 | 41.9% | -0.56pp | ||
| 2020 | 42.4% | -2.10pp | ||
| 2019 | 44.5% | +24.97pp | ||
| 2018 | 19.6% | -16.43pp | ||
| 2017 | 36.0% | -0.89pp | ||
| 2016 | 36.9% | +2.86pp | ||
| 2015 | 34.0% | +10.33pp | ||
| 2014 | 23.7% | -1.21pp | ||
| 2013 | 24.9% | -11.74pp | ||
| 2012 | 36.6% | +7.63pp | ||
| 2011 | 29.0% | +1.58pp | ||
| 2010 | 27.4% | -22.70pp | ||
| 2009 | 50.1% | +13.53pp | ||
| 2008 | 36.6% | — | ||
| 1999 | 47.5% | -17.68pp | ||
| 1998 | 65.2% | -5.01pp | ||
| 1997 | 70.2% | +3.37pp | ||
| 1996 | 66.8% | +3.86pp | ||
| 1995 | 63.0% | +3.70pp | ||
| 1994 | 59.3% | — |
- 202558.6%+7.10pp
- 202451.5%+6.47pp
- 202345.0%+6.53pp
- 202238.5%-3.40pp
- 202141.9%-0.56pp
- 202042.4%-2.10pp
- 201944.5%+24.97pp
- 201819.6%-16.43pp
- 201736.0%-0.89pp
- 201636.9%+2.86pp
- 201534.0%+10.33pp
- 201423.7%-1.21pp
- 201324.9%-11.74pp
- 201236.6%+7.63pp
- 201129.0%+1.58pp
- 201027.4%-22.70pp
- 200950.1%+13.53pp
- 200836.6%—
- 199947.5%-17.68pp
- 199865.2%-5.01pp
- 199770.2%+3.37pp
- 199666.8%+3.86pp
- 199563.0%+3.70pp
- 199459.3%—
Gross Margin values are taken from NiSource's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at NiSource (NI)
According to NiSource's latest reported financial statements, the company's latest reported gross margin is 55.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of NiSource (NI) gross margin is 58.57% – expanded 7.1 percentage points year-over-year.
The record annual gross margin stands at 70.19%, reached in 1997; the historical low of 19.56% was recorded in 2018.
NiSource Gross Margin by Year
NiSource Gross Margin 2025: 58.6%
NiSource posted gross margin of 58.57% in 2025, expanded 7.1 percentage points from 2024.
NiSource Gross Margin 2024: 51.5%
In 2024, NiSource reported gross margin of 51.47%, expanded 6.5 percentage points from 2023.
NiSource Gross Margin 2023: 45.0%
NiSource gross margin in 2023 was 45.00%, expanded 6.5 percentage points from 2022.
NiSource Gross Margin 2022: 38.5%
2022's gross margin for NiSource came in at 38.47%, contracted 3.4 percentage points from 2021.
NiSource Gross Margin 2021: 41.9%
NiSource gross margin in 2021 was 41.87%.
See more financial history for NiSource (NI).
Sector peers by Gross Margin
Utilities peers of NiSource (NI), ranked by their latest gross margin
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