profit from every $100 of sales.
$0$100
NiSource
$46.05+0.52% today
+7.2% in 1 year
1-year low $39.001-year high $49.08
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $23.76 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What NiSource sold, what it kept, and what it did with the cash.
Sales went from $5.85 billion in 2022 to $6.64 billion in 2025, with $930 million of profit last year.
SalesProfit
NiSource vs. similar companies
NiSource grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| NiSource | 23.8× · Fair price | ||
 Atmos Energy | 24.9× · Fair price | ||
 ONE Gas | 19.9× · Fair price | ||
 Centuri Holdings | 98.4× · Very expensive | ||
 Northwest Natural | 19.4× · Fair price |
AI analysis
An AI analyst reads NiSource's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 5,851 | 5,505 | 5,455 | 6,642 | |
| 2,251 | 2,477 | 2,808 | 3,348 | |
| 1,162 | 1,298 | 1,464 | 1,832 | |
| 2,149 | 2,223 | 2,569 | 3,046 | |
| 804 | 714 | 760 | 930 | |
| 1.70 | 1.48 | 1.62 | 1.95 | |
| 38.5% | 45.0% | 51.5% | 50.4% | |
| 19.9% | 23.6% | 26.8% | 27.6% | |
| 13.7% | 13.0% | 13.9% | 14.0% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 26,737 | 31,077 | 31,788 | 35,859 |
| Cash | 41 | 2,245 | 157 | 110 |
| Total debt | 11,316 | 14,128 | 13,960 | 16,214 |
| Total liabilities | 18,835 | 20,941 | 21,120 | 24,199 |
| 7,575 | 8,270 | 8,684 | 9,450 | |
| 443 | 448 | 456 | 475 | |
| 5.6% | 4.6% | 5.3% | 5.8% | |
| 10.6% | 8.6% | 8.8% | 9.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,409 | 1,935 | 1,782 | 2,362 | |
| 2,203 | 2,646 | 2,643 | 3,156 | |
| -794 | -711 | -862 | -794 | |
| Dividends paid | 437 | 457 | 489 | 530 |
| 0 | 400 | 500 | 0 | |
| 25 | 34 | 44 | 51 |
Valuation
- 23.8×
- 22.4×
- 5.08
- 2.3×
- 3.3×
- –
- 12.5×
- -3.6%
- 4.2%
- 2.5%
Profitability
- 50.4%
- 27.6%
- 14.0%
- 45.5%
- 4.7%
- 3.6%
- 10.4%
- 2.6%
- 5.8%
- –
Growth
- +4.3%
- +4.7%
- +51.2%
- +5.9%
- +4.7%
Financial health
- 5.4×
- 1.74
- 45.8%
- 2.7×
- 0.65
- 0.56
- 0.19
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 39%of 397
Top 25%of 392
Bottom 33%of 363
Bottom 49%of 397
Bottom 30%of 396
What analysts expect
- Average price target
- $49.80
- Range
- $48.00 – $51.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 1.06 | 1.06 | +0.0% |
| Feb 11, 2026 | 0.51 | 0.50 | +2.9% |
| Oct 29, 2025 | 0.19 | 0.20 | −5.0% |
| Aug 6, 2025 | 0.22 | 0.21 | +7.3% |
| May 7, 2025 | 0.98 | 0.90 | +9.4% |
| Feb 12, 2025 | 0.49 | 0.48 | +2.3% |
| Oct 30, 2024 | 0.20 | 0.16 | +25.0% |
| Aug 7, 2024 | 0.21 | 0.17 | +23.5% |
2.5%of the share price, paid each year
On $1,000 invested$25a year at today's yield, before tax
+5.9%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.51 in 2015 → $1.12 in 2025
How safe it looks
57.1% of its profit
Room to growStretchedMore than it earns: -126.3%
News
NiSource (NI) Stock Looks Overvalued Against Its Dividend OutlookYahoo Finance · Oct 20, 2026NiSource gains on 20-year Microsoft energy agreement for 1,100 MWSeeking Alpha · Oct 16, 2026NiSource announces long-term agreement with Microsoft expected to increase customer savings and support Indiana’s economic growthYahoo Finance · Oct 16, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
31No pass
Benjamin Graham
44No pass
Philip Fisher
40No pass
Peter Lynch
19No pass
Joel Greenblatt
21No pass
Charlie Munger
28No pass
Terry Smith
22No pass
Questions about NiSource
Is NiSource a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the NiSource AI analysis
What does NiSource do?
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. It is in Regulated Gas, based in Merrillville, IN, United States, with 7,668 employees.
Does NiSource pay a dividend?
Yes. At today's price the dividend is 2.5% a year, about 57% of its yearly profit. In 2025 it paid out $530 million in dividends.
Is NiSource stock halal?
No. NiSource does not pass our halal screen: its debt is 73% of its market value, at or above the 33% limit. How we check
How has NiSource stock done over the past year?
Up 7.2% over the past twelve months, to $46.05. It traded between $39.00 and $49.08 and is 6.2% below its high.
Who are NiSource's competitors?
The largest listed companies in the same industry are Atmos Energy, ONE Gas, Centuri Holdings and Northwest Natural. The peers table on this page compares their profit, growth and price with NiSource's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.