Companies / Utilities
NI
NiSource
Multi-Utilities
Multi-UtilitiesAnalysis in progress
In progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health39
Growth72
Profitability76
Cash generation0
Balance sheet2
Dilution control47
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)4.7%Revenue growth (FY)23.5%Revenue CAGR (3y)4.4%Gross margin—Operating margin28.1%Net margin14.3%Free cash flow margin-6.4%R&D / revenue—Stock comp / revenue0.8%Net debt / operating cash flow6.81xCurrent ratio0.69Diluted share count change4.1%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5.7B | $5.3B | $5.3B | $6.5B |
| Operating income | $1.0B | $1.3B | $1.3B | $1.5B | $1.8B |
| Net income | $585M | $804M | $714M | $760M | $930M |
| Operating cash flow | $1.2B | $1.4B | $1.9B | $1.8B | $2.4B |
| Capital expenditure | $1.8B | $2.2B | $2.6B | $2.6B | $2.8B |
| Free cash flow | -$620M | -$794M | -$711M | -$832M | -$420M |
| Stock-based comp | $24M | $25M | $34M | $44M | $51M |
| Dividends | $345M | $382M | $414M | $481M | $530M |
| Cash | $84M | $41M | $2.2B | $157M | $110M |
| Total debt | $9.7B | $11.3B | $14.1B | $12.7B | $16.2B |
| Equity | $6.9B | $7.6B | $8.3B | $8.7B | $9.5B |
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